Haverty Furniture Companies CEO Clarence Smith's 2020 pay jumps 49% to $2.4M
Haverty Furniture Companies reports 2020 executive compensation
By ExecPay News
Published: March 31, 2021
Haverty Furniture Companies reported fiscal year 2020 executive compensation information on March 31, 2021.
In 2020, five executives at Haverty Furniture Companies received on average a compensation package of $1.3M, a 36% increase compared to previous year.
Average pay of disclosed executives at Haverty Furniture Companies
Clarence H. Smith, Chief Executive Officer, received $2.4M in total, which increased by 49% compared to 2019. 39% of Smith's compensation, or $955K, was in non-equity incentive plan. Smith also received $18K of change in pension value and nonqualified deferred compensation earnings, $602K in salary, $817K in stock awards, as well as $46K in other compensation.
For fiscal year 2020, the median employee pay was $47,950 at Haverty Furniture Companies. Therefore, the ratio of Clarence H. Smith's pay to the median employee pay was 51 to one.
Steven G. Burdette, President, received a compensation package of $1.1M, which increased by 24% compared to previous year. 34% of the compensation package, or $365K, was in salary.
J. Edward Clary, Chief Investment Officer, earned $1M in 2020, a 20% increase compared to previous year.
Richard B. Hare, Chief Financial Officer, received $1M in 2020, which increases by 27% compared to 2019.
John L. Gill, EVP, Merchandising, earned $959K in 2020, a 50% increase compared to previous year.
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Source: SEC filing on March 31, 2021.