Huttig Building Products restores part of 10% salary cut taken by top executives in 2011 with 5% increase, taking CE0's salary to US$364,846 in 2013
March 26, 2014
(Industry Intelligence Inc.)
– Huttig Building Products, Inc. of St. Louis, Missouri, has partially restored a 10% salary cut that was taken by the company's top executives in 2011, according to a report by the St.Louis Post-Dispatch.
The company increased the pay of its top executives by 5% in September. According to a proxy statement filed on March 14, the pay rise took the 2013 salary of Chief Executive Jon Vrabely to $364,846 and his total pay to US$907,958.
Vrabely's total pay was slightly lower than in 2012 as his bonus was a third smaller at $231,300. Vrabely also received stock worth $311,220, the St.Louis Post-Dispatch reported.
The primary source of this article is the St. Louis Post-Dispatch, St. Louis, Missouri, on March 25, 2014. The original article can be viewed here.