Compensation packages in 2015 for Dillard’s top three executives fell from their 2014 totals.
The pay packages were detailed in the proxy that Dillard’s Inc. filed on Monday, a Form DEF 14A, with the Securities and Exchange Commission.
William Dillard 2nd, chief executive officer, saw his total compensation slip 16.2 percent to nearly $3.3 million from $3.9 million a year earlier. His base salary remained the same at $1 million. The value of stock awards rose 1.9 percent to $207,296, but nonequity incentive pay compensation fell 27.2 percent to nearly $1.8 million. All other compensation — including the value of items such as company contributions to its retirement plan, airplane use and healthy insurance premiums paid by the company — totaled $284,500.
Alex Dillard, president, saw his total compensation fall 16.4 percent to nearly $3.3 million from $3.9 million in 2014. His annual base salary stayed the same at $1 million. Stock awards slipped 2 percent to $207,296, while nonequity incentive pay compensation decreased 27.2 percent to nearly $1.8 million. Other compensation totaled $272,985.
Mike Dillard, executive vice president, had total compensation at nearly $1.8 million, down 11.7 percent to $2.0 million. His annual base salary rose 3.5 percent to $735,000. The value of stock awards rose 3.3 percent to $107,595, while nonequity incentive plan compensation fell 24.7 percent to $799,800. Other compensation totaled $144,329.
The company will hold its annual shareholders meeting on May 21, at 9 a.m. at company headquarters in Little Rock, Ark.