Mindy Grossman’s total compensation package was essentially unchanged in 2015 from a year ago.
That was detailed in the proxy filed by HSN Inc. on Monday, a Form DEF 14A, with the Securities and Exchange Commission.
HSN’s chief executive officer saw her pay package total $4.9 million in both years. Her annual base salary remained the same for both at $1.2 million. Stock awards totaled $840,030 in 2015, compared with $840,016 in 2014. The value of stock options was nearly $1.7 million in both years, while nonequity incentive pay compensation dipped just shy of $1.2 million in 2015, compared with being slightly more than $1.2 million in 2014.
The firm will hold its annual shareholders’ meeting on May 18 at 10 a.m. at company headquarters in St. Petersburg, Fla.
HSNi, which sells a wide range of products, counts the following publicly traded firms as competitors on the apparel, accessories and beauty front: Abercrombie & Fitch Co.; Ann Inc.; Chico’s FAS Inc.; Coach Inc.; eBay Inc.; Express Inc.; Foot Locker Inc.; L Brands Inc.; Ralph Lauren Corp.; Sally Beauty Holdings Inc.; Tiffany & Co.; Ulta Salon, Cosmetics & Fragrance Inc., and ValueVision Media Inc., which has since changed its name to Evine Live Inc.
The company last month posted mixed fourth-quarter earnings, beating Wall Street’s earnings-per-share estimates but missing on revenue expectations. For the three months ended Dec. 31, net income was $59.7 million, or $1.12 a diluted share, on total net sales of $1.10 billion.
Grossman said in a conference call to Wall Street analysts that “digital sales exceeded half our business at 52 percent, with digital reaching nearly $2 billion in annual sales. Additionally, mobile now represents nearly 40 percent of our total digital business.”