The company’s chairman saw a 31.8 percent decline in total compensation to $19.6 million from $28.7 million, mostly due to a decline in stock awards. There was also a decline in pension value and nonqualified deferred compensation earnings.
Meyrowitz was chairman and chief executive officer in fiscal 2016.
Ernie Herrman, president, saw his annual base salary rise slightly to nearly $1.4 million from $1.3 million, and his total compensation increased 43 percent — mostly due to stock awards — to $20.2 million from $14.1 million. Herrman took over the ceo reins during fiscal year 2017.
The executives’ compensation was detailed in the company’s proxy, or Form DEF 14A, which was filed Friday with the Securities and Exchange Commission.
TJX said it will hold its annual shareholders’ meeting on June 7 at 9 a.m. The meeting will be held at the Four Seasons Hotel Denver in Denver.