SPX Corp.’s chief executive officer saw a 19.1 percent increase in total compensation in the company’s 2017 fiscal year due to an increase in non-equity incentive plan compensation, according to a Securities and Exchange Commission filing.

Eugene J. Lowe III’s total compensation for the fiscal year totaled $4.89 million, up from $4.1 million in the company’s 2016 fiscal year.

His non-equity incentive plan compensation increased to $1.5 million in fiscal year 2017 from $654,472 in fiscal year 2016.

Lowe’s salary for the fiscal year 2017 was $817,551, up 4.26 percent from his 2016 fiscal year base salary of $784,084.

Scott W. Sproule, chief financial officer and treasurer, received total compensation of $1.66 million during the 2017 fiscal year. That includes $584,452 in his non-equity incentive plan compensation and $399,501 in stock awards.

Sproule’s base salary is $439,055, according to the filing, which can be found here.

SPX Corp. is based in Charlotte and is a supplier of of infrastructure equipment with growth platforms in heating, ventilation and air conditioning.

SPX had reported revenue of approximately $1.4 billion in its 2017 fiscal year, a decrease of approximately 6.6 percent.

SPX’s annual meeting will be May 15 at 8 a.m. Eastern time, at its corporate headquarters, located at 13320 Ballantyne Corporate Place, in Charlotte

The company’s shares traded at $31.63, down 72 cents, in late Friday trading.