La-Z-Boy CEO Kurt Darrow's 2013 pay slips 15% to $3.6M
La-Z-Boy reports 2013 executive compensation
By ExecPay News
Published: July 9, 2013
La-Z-Boy reported fiscal year 2013 executive compensation information on July 9, 2013.
In 2013, six La-Z-Boy executives received on average a compensation package of $1.6M, a 8% decrease compared to previous year.
Average pay of disclosed executives at La-Z-Boy
Kurt L. Darrow, Chief Executive Officer, received $3.6M in total, which decreased by 15% compared to 2012. 27% of Darrow's compensation, or $975K, was in option awards. Darrow also received $876K in non-equity incentive plan, $842K in salary, $859K in stock awards, as well as $40K in other compensation.
Mark S. Bacon, Senior Vice President President La-Z-Boy Branded Business, received a compensation package of $1.6M, which increased by 6% compared to previous year. 29% of the compensation package, or $460K, was in salary.
Mark S. Bacon, Sr, Senior Vice President President La-Z-Boy Branded Business, earned $1.6M in 2013, a 6% increase compared to previous year.
Louis M. Riccio Jr, Chief Financial Officer, received $1.2M in 2013, which decreases by 11% compared to 2012.
Steven M. Kincaid, Senior Vice President President Casegoods Product, earned $960K in 2013, a 10% decrease compared to previous year.
Otis S. Sawyer, Senior Vice President President Non-Branded Upholstered Product, received $842K in 2013, which decreases by 11% compared to 2012.
La-Z-Boy's fiscal year ends on April 30.
Related executives
Steven Kincaid
La-Z-Boy
Senior Vice President President Casegoods Product
Otis Sawyer
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Senior Vice President and President of La-Z-Boy Portfolio Brands
Kurt Darrow
La-Z-Boy
Chief Executive Officer
Louis Riccio
La-Z-Boy
Chief Financial Officer
Mark Bacon
La-Z-Boy
Senior Vice President President La-Z-Boy Branded Business
Mark Bacon
La-Z-Boy
Senior Vice President President, La-Z-Boy Branded Business
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Source: SEC filing on July 9, 2013.