Bassett Furniture reports 2018 executive compensation

CEO Robert H. Spilman, Jr receives $1M

Bassett Furniture reported fiscal year 2018 executive compensation information on February 4, 2019.

In 2018, five executives at Bassett Furniture received on average a compensation package of $503,879, a 31% decrease compared to previous year.

Average pay of disclosed executives at Bassett Furniture

Robert H. Spilman, Jr, Chief Executive Officer, received $1,005,160 in total, which increased by 6% compared to 2017. 41.04% of Spilman's compensation, or $412,500, was in salary. Spilman also received $372,660 of change in pension value and nonqualified deferred compensation earnings, $214,500 in stock awards, as well as $5,500 in other compensation.

Bruce R. Cohenour, Senior Vice President, Sales Merchandising, received a compensation package of $509,039, which decreased by 34% compared to previous year. 69.41% of the compensation package, or $353,333, was in salary.

J. Michael Daniel, Chief Financial Officer, earned $338,954 in 2018, a 38% decrease compared to previous year.

John E. Bassett, III, Senior Vice President, Wood, received $334,639 in 2018, which decreases by 49% compared to 2017.

Mark S. Jordan, Senior Vice President, Upholstery, earned $331,602 in 2018, a 54% decrease compared to previous year.

Bassett Furniture's fiscal year ends on November 24.