By  on April 8, 2013

The cash compensation of Dillard’s Inc.’s two top executives dropped 4.8 percent last year while their total pay packages were cut by more than half because of accounting adjustments.

The salary of William Dillard 2nd, chief executive officer, rose to $950,000 from $900,000 while his cash bonus, or nonequity incentive plan compensation, contracted 7.6 percent to more than $3 million from more than $3.2 million a year ago, putting the cash total at nearly $4 million, from more than $4.1 million in 2011. His stock awards grew 14 percent to $6.9 million from $6 million, and other compensation was up 17.1 percent to $253,000.

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