La-Z-Boy CEO Kurt Darrow's 2019 pay jumps 48% to $6.6M
La-Z-Boy reports 2019 executive compensation
By ExecPay News
Published: July 16, 2019
La-Z-Boy reported fiscal year 2019 executive compensation information on July 16, 2019.
In 2019, six La-Z-Boy executives received on average a compensation package of $2.5M, a 28% increase compared to previous year.
Average pay of disclosed executives at La-Z-Boy
Kurt L. Darrow, Chief Executive Officer, received $6.6M in total, which increased by 48% compared to 2018. 28% of Darrow's compensation, or $1.8M, was in non-equity incentive plan. Darrow also received $1.3M in option awards, $1M in salary, $1.3M in stock awards, as well as $1.1M in other compensation.
For fiscal year 2019, the median employee pay was $35,423 at La-Z-Boy. Therefore, the ratio of Kurt L. Darrow's pay to the median employee pay was 185 to one.
Melinda D. Whittington, Chief Financial Officer, received a compensation package of $2.4M. 42% of the compensation package, or $1M, was in stock awards.
Darrell D. Edwards, Chief Operating Officer, earned $2M in 2019, a 48% increase compared to previous year.
J. Douglas Collier, Former Senior Vice President, Chief Commercial Officer President, International, received $2M in 2019, which increases by 47% compared to 2018.
Otis S. Sawyer, Senior Vice President President of La-Z-Boy Portfolio Brands, earned $1.5M in 2019, a 26% increase compared to previous year.
Louis M. Riccio Jr, Chief Financial Officer, received $351K in 2019, which decreases by 74% compared to 2018.
La-Z-Boy's fiscal year ends on April 30.
Related executives
Kurt Darrow
La-Z-Boy
Chief Executive Officer
Melinda Whittington
La-Z-Boy
Chief Executive Officer
Darrell Edwards
La-Z-Boy
Chief Operating Officer
J Collier
La-Z-Boy
Former Senior Vice President, Chief Commercial Officer President, International
Otis Sawyer
La-Z-Boy
Senior Vice President and President of La-Z-Boy Portfolio Brands
Louis Riccio
La-Z-Boy
Chief Financial Officer
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Source: SEC filing on July 16, 2019.