La-Z-Boy CEO Kurt Darrow's 2014 pay jumps 30% to $4.7M
La-Z-Boy reports 2014 executive compensation
By ExecPay News
Published: July 9, 2014
La-Z-Boy reported fiscal year 2014 executive compensation information on July 9, 2014.
In 2014, five La-Z-Boy executives received on average a compensation package of $2M, a 24% increase compared to previous year.
Average pay of disclosed executives at La-Z-Boy
Kurt L. Darrow, Chief Executive Officer, received $4.7M in total, which increased by 30% compared to 2013. 23% of Darrow's compensation, or $1.1M, was in stock awards. Darrow also received $901K in non-equity incentive plan, $1.1M in option awards, $874K in salary, as well as $707K in other compensation.
Mark S. Bacon, Senior Vice President President La-Z-Boy Branded Business, received a compensation package of $1.7M, which increased by 6% compared to previous year. 28% of the compensation package, or $477K, was in salary.
Louis M. Riccio Jr, Chief Financial Officer, earned $1.5M in 2014, a 25% increase compared to previous year.
Steven M. Kincaid, Senior Vice President President Casegoods Product, received $1.2M in 2014, which increases by 21% compared to 2013.
Otis S. Sawyer, Senior Vice President President Non-Branded Upholstered Product, earned $1.1M in 2014, a 25% increase compared to previous year.
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
La-Z-Boy
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
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Source: SEC filing on July 9, 2014.