Haverty Furniture Companies CEO Clarence Smith's 2019 pay slips 8% to $1.6M
Haverty Furniture Companies reports 2019 executive compensation
By ExecPay News
Published: April 1, 2020
Haverty Furniture Companies reported fiscal year 2019 executive compensation information on April 1, 2020.
In 2019, five executives at Haverty Furniture Companies received on average a compensation package of $957K, a 13% decrease compared to previous year.
Average pay of disclosed executives at Haverty Furniture Companies
Clarence H. Smith, Chief Executive Officer, received $1.6M in total, which decreased by 8% compared to 2018. 40% of Smith's compensation, or $660K, was in salary. Smith also received $27K of change in pension value and nonqualified deferred compensation earnings, $312K in non-equity incentive plan, $591K in stock awards, as well as $51K in other compensation.
For fiscal year 2019, the median employee pay was $43,534 at Haverty Furniture Companies. Therefore, the ratio of Clarence H. Smith's pay to the median employee pay was 38 to one.
Steven G. Burdette, EVP, Operations, received a compensation package of $865K, which increased by 2% compared to previous year. 44% of the compensation package, or $380K, was in salary.
J. Edward Clary, Chief Investment Officer, earned $845K in 2019, a 3% increase compared to previous year.
Richard B. Hare, Chief Financial Officer, received $794K in 2019, which decreases by 16% compared to 2018.
John L. Gill, EVP, Merchandising, earned $640K in 2019.
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Source: SEC filing on April 1, 2020.