Bassett Furniture CEO Robert Spilman's 2022 pay falls 42% to $956K
Bassett Furniture reports 2022 executive compensation
By ExecPay News
Published: February 6, 2023
Bassett Furniture reported fiscal year 2022 executive compensation information on February 6, 2023.
In 2022, five executives at Bassett Furniture received on average a compensation package of $635K, a 14% decrease compared to previous year.
Average pay of disclosed executives at Bassett Furniture
Robert H. Spilman, Jr, Chief Executive Officer, received $956K in total, which decreased by 42% compared to 2021. 49% of Spilman's compensation, or $465K, was in salary. Spilman also received $438K in non-equity incentive plan, $47K in stock awards, as well as $6.1K in other compensation.
For fiscal year 2022, the median employee pay was $38,579 at Bassett Furniture. Therefore, the ratio of Robert H. Spilman, Jr's pay to the median employee pay was 25 to one.
Bruce R. Cohenour, Senior Vice President and Chief Sales Officer, received a compensation package of $664K, which increased by 3% compared to previous year. 58% of the compensation package, or $382K, was in salary.
J. Michael Daniel, Senior Vice President and Chief Financial and Admin. Officer, earned $545K in 2022, a 15% increase compared to previous year.
John E. Bassett, III, Senior Vice President and Chief Operations Officer, received $544K in 2022, which increases by 14% compared to 2021.
David C. Baker, Senior Vice President and Chief Retail Officer, earned $465K in 2022, a 11% increase compared to previous year.
Bassett Furniture's fiscal year ends on November 26.
Related executives
Robert Spilman
Bassett Furniture
Chief Executive Officer
Bruce Cohenour
Bassett Furniture
Senior Vice President and Chief Sales Officer
David Baker
Bassett Furniture
Senior Vice President and Chief Retail Officer
J Daniel
Bassett Furniture
Senior Vice President and Chief Financial and Admin. Officer
John Bassett
Bassett Furniture
Senior Vice President and Chief Operations Officer
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Source: SEC filing on February 6, 2023.