By  on April 5, 2012

Ann Inc.’s Kay Krill saw her total compensation climb 4.5 percent last year, to $10.8 million, as an increase in her stock and option awards more than erased a decline in her cash bonus.

With salaries for top executives frozen for the third consecutive year, Krill, president and chief executive officer of the New York-based specialty retailer, had her base pay remain at $1.2 million while her nonequity incentive plan compensation fell 8.4 percent to $4.7 million from $5.2 million in 2010. Offsetting that decline, her stock and option awards rose 20.2 percent to $4.7 million from $3.9 million. In the company’s definitive proxy filed with the Securities and Exchange Commission Wednesday, she recorded an 86.3 percent leap in change in pension value and nonqualified deferred compensation, to $56,000, and a sixfold increase in other compensation, including almost $73,000 in nonqualified deferred compensation contributions made by the company, to $99,000.

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