Last updated on February 28, 2021

COVID-19 Resource Center

As corporations, both public and private, continue to grapple with new challenges resulting from the coronavirus (COVID-19) pandemic, the need for practical guidance is more important than ever. Compensation Advisory Partners’ COVID-19 Resource Center includes our latest thinking on the implications of COVID-19.

The chart below provides a snapshot of the types of actions that S&P 1500 companies have taken since March in response to the pandemic, with the full interactive tracker comprising over 1,550 companies, including those in the S&P 1500, other public companies, private companies, nonprofits and non-U.S. companies beneath it. We are also regularly updating a report containing the findings of CAP’s corporate action tracker and additional interactive visualizations of key trends across industry groups and action types.

Note: Sample as of February 28, 2021Prevalence of Company Actions (S&P 1500)Represents actions taken prior to November 1, 2020Represents actions taken since November 1, 2020Positive ActionNegative Action27%24%20%7%5%4%21%12%11%6%5%9%5%5%11%7%Executives: Reduced CEO Base SalaryExecutives: Reduced Other Executive Base SalaryBoard of Directors: Reduced PayExecutives: Suspended Raises and/or BonusesExecutives: Reduced CEO Incentive CompensationExecutives: Reduced OtherExecutive Incentive CompensationFurlough of EmployeesNon-Executives: Reduced PayReduced WorkforceNon-Executives: SuspendedRaises and/or BonusesSuspended 401(k) MatchExpanded Benefts ProgramsNon-Executives: Additional Paymentsfor On-Site EmployeesNon-Executives: One-Time BonusAnnual Incentive Plan ChangesLong-Term Incentive Plan ChangesExecutives / BODBroad-Based Employees

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Company FY2019 Revenue (mm) Company Type Industry Action Notes
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Annual Incentive Plan Changes Revised current, in-process incentive plan – On February 2, 2021, the Committee approved an adjustment, applicable only for 2020, to the “business performance factor” (the “BPF”) used to calculate awards for employees under the Company’s Annual Incentive Compensation Plan (the “AICP”). For 2020, the unadjusted BPF was 23%, but the Committee approved the use of a BPF of 50% to create a supplemental budget for calculating AICP awards for 2020 performance. Employees other than corporate officers will receive their AICP awards in cash. For corporate officers, the awards will be divided into two portions: one portion paid in a cash amount that is attributable to the unadjusted 2020 BPF (23%), and the remaining portion paid in an amount of time-based restricted stock units, with a one year vesting period, equivalent to the balance of the Adjusted BPF (27%), with differentiation based on each corporate officer’s contributions toward the Company’s efforts in response to COVID-19. Historically, the Compensation Committee has refrained from exercising its discretion to modify the AICP awards, but the Compensation Committee believes that the unprecedented circumstances of the COVID-19 pandemic warrant this adjustment and the corresponding equity awards for corporate officers.
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Executives: Reduced CEO Base Salary Effective May 1, CEO will defer 50% of base salary for at least five months. The accumulated deferred salary amounts will be paid after the Company has repaid at least $7 billion of its Automotive debt
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Executives: Reduced Executive Chairman Pay Executive Chairman deferring of 100% of salary for at least five months starting May 1. During this period, he will continue to accrue credited and contributory service under the applicable non-qualified plans such that he will receive the same benefit amounts as if he had been paid a salary under the Ford General Retirement Plan during such period
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Executives: Reduced Other Executive Base Salary Top 300 executives will defer 20% to 50% of base salaries for at least five months starting May 1. The accumulated deferred salary amounts will be paid after the Company has repaid at least $7 billion of its Automotive debt. The base salary deferrals will be 50% of salary for each of the CEO, COO, and CFO
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Non-Executives: Reduced Pay Suspending overtime for salaried team members
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Non-Executives: Suspended Raises and/or Bonuses Deferring merit-based salary increases
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Reduced Workforce Offering buyouts to certain salaried employees who are eligible for retirement as of Dec. 31, with the goal of reducing 1,400 positions
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Executives: Suspended Raises and/or Bonuses Deferring merit-based salary increases
Ford Motor Company $127,144 Public: S&P 500 Automobiles and Components Suspended or Reduced Dividend Payments Suspended dividend
General Motors Company $122,485 Public: S&P 500 Automobiles and Components Executives: Reduced CEO Base Salary 30% of CEO salary deferred; The deferred compensation would be paid in a lump sum, GM said, no later than March 15, 2021
General Motors Company $122,485 Public: S&P 500 Automobiles and Components Executives: Reduced Other Executive Base Salary Senior leaders defer 30% of salary and executives defer 25%; The deferred compensation would be paid in a lump sum, GM said, no later than March 15, 2021
General Motors Company $122,485 Public: S&P 500 Automobiles and Components Board of Directors: Reduced Pay Board members will see a 20% decrease
General Motors Company $122,485 Public: S&P 500 Automobiles and Components Reduced Workforce On March 26, the Company announced it would suspend production at its North American factories indefinitely and lay off 5,600 salaried employees
General Motors Company $122,485 Public: S&P 500 Automobiles and Components Suspended Buyback Program GM is suspending its quarterly dividend and stock buybacks
General Motors Company $122,485 Public: S&P 500 Automobiles and Components Suspended or Reduced Dividend Payments GM is suspending its quarterly dividend and stock buybacks
Tesla, Inc. $31,536 Public: S&P 500 Automobiles and Components Executives: Reduced CEO Base Salary 30% salary cut for VPs and above until the end of the second quarter
Tesla, Inc. $31,536 Public: S&P 500 Automobiles and Components Executives: Reduced Other Executive Base Salary 30% salary cut for VPs and above, 20% for director-level executives and 10% for the remaining workforce until the end of the second quarter
Tesla, Inc. $31,536 Public: S&P 500 Automobiles and Components Non-Executives: Reduced Pay 10% salary cut for the remaining workforce until the end of the second quarter
Tesla, Inc. $31,536 Public: S&P 500 Automobiles and Components Reduced Workforce Cut 75% of on-site staff at Nevada factory
Tesla, Inc. $31,536 Public: S&P 500 Automobiles and Components Furlough of Employees Hourly employees who cannot work from home and have not been assigned critical onsite positions will be furloughed for three weeks until May 4
Aptiv PLC $13,066 Public: S&P 500 Automobiles and Components Executives: Reduced CEO Base Salary Significant cuts in executive pay
Aptiv PLC $13,066 Public: S&P 500 Automobiles and Components Executives: Reduced Other Executive Base Salary Significant cuts in executive pay
Aptiv PLC $13,066 Public: S&P 500 Automobiles and Components Non-Executives: Suspended Raises and/or Bonuses Suspended planned salary wage increases globally
Aptiv PLC $13,066 Public: S&P 500 Automobiles and Components Suspended 401(k) Match Suspended 401(k) matches in the U.S.
Aptiv PLC $13,066 Public: S&P 500 Automobiles and Components Furlough of Employees Implemented furloughs and temporary layoffs for our salaries and hourly employees
Aptiv PLC $13,066 Public: S&P 500 Automobiles and Components Executives: Suspended Raises and/or Bonuses Suspended planned salary wage increases globally
Aptiv PLC $13,066 Public: S&P 500 Automobiles and Components Suspended or Reduced Dividend Payments Suspended dividend of approximately $225 million annually
BorgWarner Inc. $10,165 Public: S&P 500 Automobiles and Components Executives: Reduced CEO Base Salary Temporary 20% reduction in base salaries for the Company’s Strategy Board, including the NEOs. Such reduction to remain in effect through the second quarter of 2020, with the Board retaining the ability to extend such reduction for an additional quarter.
BorgWarner Inc. $10,165 Public: S&P 500 Automobiles and Components Executives: Reduced Other Executive Base Salary Temporary 20% reduction in base salaries for the Company’s Strategy Board, including the NEOs. Such reduction to remain in effect through the second quarter of 2020, with the Board retaining the ability to extend such reduction for an additional quarter.
BorgWarner Inc. $10,165 Public: S&P 500 Automobiles and Components Board of Directors: Reduced Pay Annual cash compensation reduced 20% for Q2 2020, with the board retaining the ability to extend the reduction for an additional quarter, with the Board retaining the ability to extend such reduction for an additional quarter.
JPMorgan Chase & Co. $102,063 Public: S&P 500 Banks Non-Executives: One-Time Bonus Providing full- and part-time employees who make less than $60,000 a year or are based at a consumer banking branch a one-time bonus of $1,000 to be paid in $500 installments in April and May
JPMorgan Chase & Co. $102,063 Public: S&P 500 Banks Reduced Workforce Began a round of hundreds of job cuts, including about 80 positions in consumer banking and dozens more in other units
JPMorgan Chase & Co. $102,063 Public: S&P 500 Banks Suspended Buyback Program Suspended share buybacks for the remaining period of the first quarter and the second quarter of 2020, as a member of the Financial Services Forum
JPMorgan Chase & Co. $102,063 Public: S&P 500 Banks Expanded Benefits Programs Giving employees up to five new paid days away from work, as well as allowing people to carry over unused vacation time from 2019 until June
Bank of America Corporation $74,208 Public: S&P 500 Banks Non-Executives: Guaranteed Pay Continuity Guaranteed workers will still be paid for their regular, full schedule, even if hours are reduced in financial centers nationwide
Bank of America Corporation $74,208 Public: S&P 500 Banks Non-Executives: One-Time Bonus Plans to give all branch workers a $200 bonus every two weeks as it reduces branch hours with no announced end date. On January 21, 2021, the Company announced that all U.S. employees who earn $100k or less annually will receive a cash award of $750, and employees who make between $100k and $500k will receive 150 to 750 RSUs, to recognize employees for addressing unprecedented challenges and headwinds in the broader environment
Bank of America Corporation $74,208 Public: S&P 500 Banks Non-Executives: Additional Payments for On-Site Employees Moved to $20 minimum hourly rate of pay this quarter to increased pay for all “front-line” employees by $400/month. Employees in call and operations centers will have overtime pay raised to double their standard hourly rate
Bank of America Corporation $74,208 Public: S&P 500 Banks Expanded Workforce Hired 2,000 new employees in March and shifted 3,000 current employees to Consumer and Small Business
Bank of America Corporation $74,208 Public: S&P 500 Banks Suspended Buyback Program Suspended share buybacks for the remaining period of the first quarter and the second quarter of 2020, as a member of the Financial Services Forum
Bank of America Corporation $74,208 Public: S&P 500 Banks Expanded Benefits Programs Expanded employee benefits (e.g., no-cost coronavirus testing, no-fee Teledoc, backup childcare through which employees can secure their own back-up care without pre-approval and can receive up to $100 per day towards back-up care, transportation reimbursement for employees who continue to work in the office and typically rely on public transportation)
Bank of America Corporation $74,208 Public: S&P 500 Banks Other Committed to no COVID-19-related layoffs in 2020. Employee Relief Fund provides grants to U.S.-based employees experiencing emergency hardships, such as a spouse/partner losing their income or support for basic needs
Citigroup Inc. $58,369 Public: S&P 500 Banks Non-Executives: One-Time Bonus In the U.S., employees who make $60,000 or less a year in base salary will receive a $1,000 payment regardless of whether they work at a company facility or from home. Payments will be made in April
Citigroup Inc. $58,369 Public: S&P 500 Banks Reduced Workforce Announced in September job cuts that will impact under 1% of its global employees
Citigroup Inc. $58,369 Public: S&P 500 Banks Suspended Buyback Program Suspended share buybacks for the remaining period of the first quarter and the second quarter of 2020, as a member of the Financial Services Forum
Citigroup Inc. $58,369 Public: S&P 500 Banks Expanded Benefits Programs Allowing those who are sick, at high risk or otherwise unable to work as a result of this situation to take time off without using accrued paid time off; extending the time frame for use of carry over vacation; and supporting transportation needs for site-dependent colleagues
Wells Fargo & Company $58,319 Public: S&P 500 Banks Suspended 401(k) Match Will not pay out a discretionary profit-sharing 401(k) contribution for 2019. Suspended initiating new job displacements on March 26
Wells Fargo & Company $58,319 Public: S&P 500 Banks Non-Executives: One-Time Bonus Full-time employees who make less than $100,000 a year will receive a pre-tax payment of $600 and part-time employees will get a $300 bonus. Employee Relief Fund provides grants to U.S.-based employees experiencing emergency hardships, such as a spouse/partner losing their income or support for basic needs
Wells Fargo & Company $58,319 Public: S&P 500 Banks Non-Executives: Additional Payments for On-Site Employees Front-line employees required to come into the office will receive an additional $200 per pay period starting April 17 for up to five paychecks
Wells Fargo & Company $58,319 Public: S&P 500 Banks Reduced Workforce Wells Fargo has begun a much-anticipated round of job cuts, with initial layoffs affecting employees the bank had planned to cut this year before the coronavirus led Wells Fargo to pause headcount reduction
Wells Fargo & Company $58,319 Public: S&P 500 Banks Suspended Buyback Program Suspended share buybacks for the remaining period of the first quarter and the second quarter of 2020, as a member of the Financial Services Forum
Wells Fargo & Company $58,319 Public: S&P 500 Banks Expanded Benefits Programs Extended financial support for child care for eligible U.S. employees with children under 13, including a $100 per day reimbursement for eligible employees seeking child care through their own personal networks for up to 40 days, expiring at the end of May. Granted up to five paid business days off after a school system’s closure announcement to U.S. hourly employees who can’t work remotely so they can find child care. For U.S.-based employees directly affected by coronavirus, the seven-day waiting period will be covered at 100% without employees having to use PTO. Through June 14, 2020, cost sharing will be reduced to zero dollars for medical virtual office visits for any reason at a number of providers. Enhances benefits, including additional paid bereavement leave on April 8
Truist Financial Corporation $20,370 Public: S&P 500 Banks Non-Executives: One-Time Bonus Plans to give a $1,200 pre-tax bonus to all employees (45,000 workers or 78% of workforce) making under $100,000 a year
Truist Financial Corporation $20,370 Public: S&P 500 Banks Expanded Benefits Programs Giving employees 10 extra days of paid leave to help deal with school closings and other disruptions. Some workers will also get a reimbursement for childcare costs, and all of the bank’s 59,000 employees will get an increase in emergency child and elder care benefits
U.S. Bancorp $19,242 Public: S&P 500 Banks Non-Executives: Additional Payments for On-Site Employees Provide critical front-line employees with a temporary 20% hourly wage increase effective March 23 initially for four weeks and then through late May. The program expired on June 6. The program applies to more than 30,000 critical employees at branches, operations and contact centers, field operations offices and critical service locations
U.S. Bancorp $19,242 Public: S&P 500 Banks Suspended Buyback Program Suspended share buybacks for the remaining period of the first quarter and the second quarter of 2020
U.S. Bancorp $19,242 Public: S&P 500 Banks Expanded Benefits Programs Doubled employee charitable gift matching program. Expanded flexible leave policies
U.S. Bancorp $19,242 Public: S&P 500 Banks Other Told employees that they will not eliminate any jobs while there is so much uncertainty in the global marketplace
The PNC Financial Services Group, Inc. $13,726 Public: S&P 500 Banks Suspended Buyback Program We announced on March 16, 2020 a temporary suspension of our common stock share repurchase program through June 30, 2020
Fifth Third Bancorp $6,515 Public: S&P 500 Banks Non-Executives: One-Time Bonus Providing customer service and other employees who work on-site a payment of up to $1,000, which will be paid in $500 installments in April and May
Fifth Third Bancorp $6,515 Public: S&P 500 Banks Suspended Buyback Program Share repurchases suspended (no Q120 repurchases)
KeyCorp $5,665 Public: S&P 500 Banks Suspended Buyback Program On March 17, 2020 decided to temporarily suspend share repurchase activity
Citizens Financial Group, Inc. $5,289 Public: S&P 500 Banks Non-Executives: Additional Payments for On-Site Employees Providing premium pay to critical colleagues who come into the office or branch in order to meet customer needs
Citizens Financial Group, Inc. $5,289 Public: S&P 500 Banks Suspended Buyback Program In order to ensure capital remains strong to meet further loan demand, the Company will cease stock repurchases through December 31, 2020
Citizens Financial Group, Inc. $5,289 Public: S&P 500 Banks Expanded Benefits Programs Offering additional paid time off and flexibility to accommodate various family situations
Regions Financial Corporation $4,955 Public: S&P 500 Banks Non-Executives: Additional Payments for On-Site Employees Premium compensation for certain branch and operationally essential associates
Regions Financial Corporation $4,955 Public: S&P 500 Banks Suspended Buyback Program Temporarily suspend its share buyback program for the remaining period of the first quarter and second quarter of 2020
SVB Financial Group $3,777 Public: S&P 500 Banks Suspended Buyback Program No repurchases were made subsequent to February 27, 2020
Comerica Incorporated $2,375 Public: S&P 500 Banks Non-Executives: Additional Payments for On-Site Employees Raise employee compensation for colleagues with on-site roles through May 7. Comerica is paying colleagues in these roles up to $350 per two-week pay period or $700 per month
Comerica Incorporated $2,375 Public: S&P 500 Banks Suspended Buyback Program We have suspended our share repurchase program
Comerica Incorporated $2,375 Public: S&P 500 Banks Expanded Benefits Programs Providing a new dependent and elder care stipend for March and April ($400 per month); adding 10 paid workdays to care for individuals with COVID-19
General Electric Company $79,619 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary CEO will forgo 100% salary for 2020. Most of the money collected would go toward a relief fund designed to help workers and their families affected by the pandemic
General Electric Company $79,619 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary SVPs will forgo 25% of salary for 2020 and VPs will with forgo 20% of salary for 2020. CEO, Aviation David Joyce forgoing 50% of salary beginning in April for the rest of 2020. Most of the money collected would go toward a relief fund designed to help workers and their families affected by the pandemic
General Electric Company $79,619 Public: S&P 500 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Canceled salaried merit increase
General Electric Company $79,619 Public: S&P 500 Capital Goods Reduced Workforce Laid off 10% of U.S. workforce
General Electric Company $79,619 Public: S&P 500 Capital Goods Furlough of Employees Furloughed half of the company’s maintenance, repair and engine overhaul workers for 90 days
General Electric Company $79,619 Public: S&P 500 Capital Goods Executives: Suspended Raises and/or Bonuses Canceled salaried merit increase
Lockheed Martin Corporation $65,398 Public: S&P 500 Capital Goods Non-Executives: One-Time Bonus Extending awards of up to $500 to onsite employees
The Boeing Company $58,158 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary CEO Dave Calhoun will forgo 100% of salary until the end of 2020
The Boeing Company $58,158 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Cash retainer of Chairman reduced 100% for the rest of 2020
The Boeing Company $58,158 Public: S&P 500 Capital Goods Reduced Workforce Plans to shed about 10% of its 160,000 global workforce
The Boeing Company $58,158 Public: S&P 500 Capital Goods Furlough of Employees Three week furlough initially
The Boeing Company $58,158 Public: S&P 500 Capital Goods Suspended Buyback Program Suspended all share repurchases until further notice
The Boeing Company $58,158 Public: S&P 500 Capital Goods Suspended or Reduced Dividend Payments Suspended dividend until further notice
Raytheon Technologies Corporation $56,587 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Beginning June 1, and continuing through year-end, 20% pay reduction
Raytheon Technologies Corporation $56,587 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Beginning June 1, and continuing through year-end, Raytheon Technologies will institute a temporary 10% pay reduction for all salaried employees across corporate offices and Pratt & Whitney and Collins Aerospace businesses. Affected employees will be given an added 15 days off this year
Raytheon Technologies Corporation $56,587 Public: S&P 500 Capital Goods Non-Executives: Reduced Pay Beginning June 1, and continuing through year-end, Raytheon Technologies will institute a temporary 10% pay reduction for all salaried employees across corporate offices and Pratt & Whitney and Collins Aerospace businesses. Affected employees will be given an added 15 days off this year
Raytheon Technologies Corporation $56,587 Public: S&P 500 Capital Goods Furlough of Employees Furlough programs across operations for hourly employees
Raytheon Technologies Corporation $56,587 Public: S&P 500 Capital Goods Suspended Buyback Program Raytheon Technologies Corp. said it plans suspend share buybacks immediately
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Suspended payout for its incentive compensation plans for fiscal 2020
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Executives: Reduced CEO Incentive Compensation CEO, senior executives, and management waived 100% of bonus
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Incentive CEO, senior executives, and management waived 100% of bonus
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Announced in March that salaried workers will not receive salary increase in 2020. Effective July 1, reinstated 2020 base salary increases, except for the most senior executives
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Reduced Workforce Laid off employees
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Furlough of Employees Furloughed employees
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Suspended Buyback Program Due to current economic uncertainty, temporarily suspended our share repurchase program and do not expect to repurchase any additional shares in 2020
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Expanded Benefits Programs Expanding its existing U.S. Matching Gifts Program to provide a 2:1 match on employee and retiree donations to eligible nonprofits beginning March 16 through May 1. Special two week paid leave policy for its union production workers that allows for extra time away from work due to quarantine, illness and child-care issues. Revised policy also allows for ten weeks of time off, at two-thirds of their salary, to care for their children
Caterpillar Inc. $41,748 Public: S&P 500 Capital Goods Executives: Suspended Raises and/or Bonuses CEO, senior executives, and management will not receive salary increase in 2020; Effective July 1, to support our employees, we reinstated 2020 base salary increases, except for our most senior executives
Deere & Company $35,514 Public: S&P 500 Capital Goods Suspended Buyback Program To further strengthen its liquidity position, the Company suspended repurchases of its own common stock
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Reduced salaries of executives
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Reduced salaries of executives
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Reduced pay for directors
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based increases
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Non-Executives: One-Time Bonus $750 bonus to hourly and administrative employees in May, estimated to cover 10% to 15% of its 113,000 employees worldwide
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Expanded Workforce Hired 500 employees
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Reduced Workforce Reduced overall staffing levels
Honeywell International Inc. $32,637 Public: S&P 500 Capital Goods Executives: Suspended Raises and/or Bonuses Suspended merit-based increases
3M Company $32,184 Public: S&P 500 Capital Goods Furlough of Employees Targeted paid short-term furloughs in businesses most impacted
3M Company $32,184 Public: S&P 500 Capital Goods Suspended Buyback Program Adjusting capital allocation plans—prioritizing organic investments and the dividend, and suspended share repurchase program
3M Company $32,184 Public: S&P 500 Capital Goods Expanded Benefits Programs Giving U.S. employees up to two weeks of paid leave if they are unable to work due to caregiving, childcare or self-quarantining related to the COVID-19 outbreak
Johnson Controls International plc $22,317 Public: S&P 500 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – The Committee made a discretionary adjustment to the EBIT metric threshold performance, capped at threshold. The adjustment increased the performance level under the annual incentive plan by 17% (from 67% to 83%), which remained below target and below pre-COVID-19 expectations based on our performance prior to the pandemic. Additionally, the CEO recommended no individual modifiers be applied for FY 2020 in order to recognize the actions of the NEOs to work as a team to manage the unprecedented impact of the pandemic
Johnson Controls International plc $22,317 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary From April 2020 through the end of FY 2020, the CEO voluntarily took a 20% base salary reduction
Johnson Controls International plc $22,317 Public: S&P 500 Capital Goods Furlough of Employees On 4/1, announced in an internal memo, mandatory furloughs for salaried employees are being implemented, with employees choosing between working a reduced workweek that totals 10 days off or a 2-week furlough; expected to take effect in May
Johnson Controls International plc $22,317 Public: S&P 500 Capital Goods Suspended Buyback Program Suspended its share repurchase program in March; announced in June, authorized repurchases
Cummins Inc. $19,811 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary CEO’s salary will be reduced by 50% at least through the end of Q2
Cummins Inc. $19,811 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Salary of all US employees will be reduced by 10% to 25% at least through the end of Q2
Cummins Inc. $19,811 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Compensation reduced 25% at least through the end of Q2
Cummins Inc. $19,811 Public: S&P 500 Capital Goods Non-Executives: Reduced Pay Salary of all US employees will be reduced by 10% to 25% at least through the end of Q2
Cummins Inc. $19,811 Public: S&P 500 Capital Goods Non-Executives: Guaranteed Pay Continuity On 3/20, announced a factory will close for 2 weeks and that employees will be paid during this time
PACCAR Inc $18,729 Public: S&P 500 Capital Goods Suspended Buyback Program The Company has temporarily suspended its repurchases
Eaton Corporation plc $17,858 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Reduced base salary by 50% for CEO for second quarter effective April 1, 2020
Eaton Corporation plc $17,858 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Reduced base salary by 25% for second quarter effective April 1, 2020
Eaton Corporation plc $17,858 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Reduced the second quarter cash retainer for all non-employee directors by 50%. The unpaid portion of their second quarter retainer to be designated to assist Eaton employees in a manner determined by management
Eaton Corporation plc $17,858 Public: S&P 500 Capital Goods Expanded Benefits Programs 2:1 match on employee donations to organizations providing COVID-19 relief
Carrier Global Corporation $17,456 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Implementing pay cuts
Carrier Global Corporation $17,456 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Implementing pay cuts
Carrier Global Corporation $17,456 Public: S&P 500 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Implementing pay freezes and cuts
Carrier Global Corporation $17,456 Public: S&P 500 Capital Goods Furlough of Employees Such actions include, but are not limited to, employee furloughs
Carrier Global Corporation $17,456 Public: S&P 500 Capital Goods Executives: Suspended Raises and/or Bonuses Implementing pay freezes and cuts
Emerson Electric Co. $16,785 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Salary reductions with its board of directors and top 1,000 leaders. The salary cuts are in place through the end of the fiscal year; Reduced base salaries of all NEOs by 15% for six months between April and September as part of cost-containment actions necessitated by the COVID-19 pandemic
Emerson Electric Co. $16,785 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Salary reductions with its board of directors and top 1,000 leaders. The salary cuts are in place through the end of the fiscal year; Reduced base salaries of all NEOs by 15% for six months between April and September as part of cost-containment actions necessitated by the COVID-19 pandemic
Emerson Electric Co. $16,785 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Effective April 1, 2020 through September 30, 2020, the cash portion of the annual retainer, the lead independent director retainer, the committee chair retainers and meeting fees were reduced by 15% in light of the Company’s cost cutting efforts during the height of the COVID-19 pandemic
Emerson Electric Co. $16,785 Public: S&P 500 Capital Goods Non-Executives: Reduced Pay Salary reductions with its board of directors and top 1,000 leaders. The salary cuts are in place through the end of the fiscal year
Emerson Electric Co. $16,785 Public: S&P 500 Capital Goods Reduced Workforce Extended cost-cutting plan announced in February to eliminate more positions
Emerson Electric Co. $16,785 Public: S&P 500 Capital Goods Furlough of Employees Widespread furloughs during the rest of 2020
Emerson Electric Co. $16,785 Public: S&P 500 Capital Goods Suspended Buyback Program Suspending its share repurchases for the remainder of the fiscal year
Stanley Black & Decker, Inc. $14,535 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Forgo 20% of cash compensation
Stanley Black & Decker, Inc. $14,535 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Most senior executives forgo 20% of cash compensation
Stanley Black & Decker, Inc. $14,535 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Board members forgo 20% of cash compensation during second quarter
Stanley Black & Decker, Inc. $14,535 Public: S&P 500 Capital Goods Suspended 401(k) Match Suspending 401(k) matching in the United States
Stanley Black & Decker, Inc. $14,535 Public: S&P 500 Capital Goods Reduced Workforce Voluntary retirement program and some reductions in force
Stanley Black & Decker, Inc. $14,535 Public: S&P 500 Capital Goods Suspended Buyback Program The company temporarily suspend acquisition-related activity and share repurchases until the demand outlook is clearer
Stanley Black & Decker, Inc. $14,535 Public: S&P 500 Capital Goods Expanded Benefits Programs The Company established an emergency relief program for employees, which will provide financial assistance to Stanley Black & Decker employees and their families to help those who have been severely impacted by the virus and need immediate help
Parker-Hannifin Corporation $13,696 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary CEO taking 50% salary cut during the company’s Q4 that began April 1; This reduction remained applicable to base salaries in the first quarter of fiscal year 2021, and is being evaluated on a quarterly basis as conditions warrant
Parker-Hannifin Corporation $13,696 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Executives taking 20% to 30% salary cut during the company’s Q4 that began April 1; This reduction remained applicable to base salaries in the first quarter of fiscal year 2021, and is being evaluated on a quarterly basis as conditions warrant
Parker-Hannifin Corporation $13,696 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Directors taking a 10% salary cut during the company’s Q4 that began April 1; This reduction remained applicable to base salaries in the first quarter of fiscal year 2021, and is being evaluated on a quarterly basis as conditions warrant
Parker-Hannifin Corporation $13,696 Public: S&P 500 Capital Goods Non-Executives: Reduced Pay Salaried employees taking a 10% salary cut during the company’s Q4 that began April 1; This reduction remained applicable to base salaries in the first quarter of fiscal year 2021, and is being evaluated on a quarterly basis as conditions warrant
Parker-Hannifin Corporation $13,696 Public: S&P 500 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspended annual merit increases
Parker-Hannifin Corporation $13,696 Public: S&P 500 Capital Goods Suspended Buyback Program Temporarily suspended share repurchase program
Parker-Hannifin Corporation $13,696 Public: S&P 500 Capital Goods Executives: Suspended Raises and/or Bonuses Suspended annual merit increases
Jacobs Engineering Group Inc. $13,567 Public: S&P 500 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Discretionary upward adjustment of approximately nine percentage points against targets set prior to the emergence of the COVID-19 pandemic for annual cash incentive awards, based on the achievement of significant operational and financial milestones, especially strong free cash flow generation, despite challenges created by the COVID-19 pandemic
Jacobs Engineering Group Inc. $13,567 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Senior executives have agreed to a 10% reduction in salary for the third and fourth quarters
Jacobs Engineering Group Inc. $13,567 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Senior executives have agreed to a 10% reduction in salary for the third and fourth quarters
Jacobs Engineering Group Inc. $13,567 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Directors will take a corresponding 10% reduction in cash compensation for the third and fourth quarters
Jacobs Engineering Group Inc. $13,567 Public: S&P 500 Capital Goods Suspended 401(k) Match Suspended matching program for certain retirement programs offered to employees, including NEOs, for up to six months
Jacobs Engineering Group Inc. $13,567 Public: S&P 500 Capital Goods Furlough of Employees We have furloughed certain employees and may need to further furlough or reduce the number of employees that we employ. Implemented a voluntary retirement plan
Jacobs Engineering Group Inc. $13,567 Public: S&P 500 Capital Goods Suspended Buyback Program Paused share purchases in March
Illinois Tool Works Inc. $12,574 Public: S&P 500 Capital Goods Suspended Buyback Program Company temporarily suspended share repurchase program starting in March 2020 due to the COVID-19 pandemic
Trane Technologies plc $12,455 Public: S&P 500 Capital Goods Expanded Benefits Programs Country-specific benefits for employees on leave for quarantine or illness, U.S. access to back-up child and eldercare assistance, and a Helping Hand Fund
W.W. Grainger, Inc. $11,797 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Enacted short-term pay cuts for executives
W.W. Grainger, Inc. $11,797 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Enacted short-term pay cuts for executives
W.W. Grainger, Inc. $11,797 Public: S&P 500 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Delayed merit-based pay increases for salaried employees
W.W. Grainger, Inc. $11,797 Public: S&P 500 Capital Goods Reduced Workforce Reduced work hours for team members
W.W. Grainger, Inc. $11,797 Public: S&P 500 Capital Goods Furlough of Employees Furloughed small portion of its workforce
W.W. Grainger, Inc. $11,797 Public: S&P 500 Capital Goods Suspended Buyback Program Pausing share repurchases
W.W. Grainger, Inc. $11,797 Public: S&P 500 Capital Goods Executives: Suspended Raises and/or Bonuses Delayed merit-based pay increases for salaried employees
Textron Inc. $11,651 Public: S&P 500 Capital Goods Furlough of Employees Furloughs of more than 7,000 employees working in Aviation; furloughs will last from 3/23 until 5/29, but each impacted employee will only lose 4 weeks of work
Textron Inc. $11,651 Public: S&P 500 Capital Goods Suspended Buyback Program Textron has suspended its share repurchase program
Huntington Ingalls Industries, Inc. $9,361 Public: S&P 500 Capital Goods Suspended Buyback Program Stopped share repurchases on March 11 and will evaluate restarting as this period of uncertainty passes
United Rentals, Inc. $8,530 Public: S&P 500 Capital Goods Suspended Buyback Program Share repurchase program was paused in mid-March
Masco Corporation $7,188 Public: S&P 500 Capital Goods Suspended Buyback Program Temporarily suspended share repurchase activity
Dover Corporation $6,684 Public: S&P 500 Capital Goods Furlough of Employees We are taking steps across the portfolio and at the corporate center to reduce our controllable costs, including short-term actions to reduce labor costs, including furloughs
Dover Corporation $6,684 Public: S&P 500 Capital Goods Suspended Buyback Program The Company has suspended further repurchases as a result of business uncertainty related to COVID-19
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary 25% salary reduction for CEO for the period April 27, 2020 to December 6, 2020
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Executives: Reduced CEO Incentive Compensation Payout reduced 100% for its incentive compensation plans for fiscal 2020
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary 15% salary reductions for all SVPs for the period April 27, 2020 to December 6, 2020
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Incentive Payout reduced 100% for its incentive compensation plans for fiscal 2020
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Cash fees reduced 50% for duration of crisis; these amounts will be reinstated to the full amount effective January 2021
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Non-Executives: Reduced Pay 7.5% salary reductions for all other non-manufacturing employees around the world
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Suspended 401(k) Match The company match will be suspended for U.S. employees participating in the 401(k) retirement savings plan for the period April 27, 2020 to December 6, 2020
Rockwell Automation, Inc. $6,330 Public: S&P 500 Capital Goods Non-Executives: One-Time Bonus Manufacturing associates are not impacted by the temporary pay reductions and are receiving a one-time additional payment in recognition of their work in serving our customers during this difficult time
Fastenal Company $5,647 Public: S&P 500 Capital Goods Executives: Reduced CEO Incentive Compensation Suspended payments 100% under the Company’s Incentive Plan for its named executive officers during the second quarter (April through June) of 2020
Fastenal Company $5,647 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Incentive Suspended payments 100% under the Company’s Incentive Plan for its named executive officers during the second quarter (April through June) of 2020
Fastenal Company $5,647 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Company is reducing director meeting fees from $4,000 to $2,000 (plus reimbursement of reasonable expenses) for attendance at each regular or special meeting of the board and each committee meeting, including meetings of independent directors for the months of May, June, and July of 2020. Additionally, the Chairman’s monthly fee, in lieu of meeting attendance fees, will be reduced from $25,000 to $12,500 during the months of May, June, and July of 2020
Fastenal Company $5,647 Public: S&P 500 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspension of performance bonus programs to employees above certain compensation levels during the second quarter (April through June) of 2020
Fastenal Company $5,647 Public: S&P 500 Capital Goods Suspended Buyback Program Did not repurchase any of our common stock in either period
Fastenal Company $5,647 Public: S&P 500 Capital Goods Executives: Suspended Raises and/or Bonuses Suspension of performance bonus programs to employees above certain compensation levels during the second quarter (April through June) of 2020 & suspended payments 100% under the Company’s Incentive Plan for its named executive officers during the second quarter (April through June) of 2020
Howmet Aerospace Inc. $5,259 Public: S&P 500 Capital Goods Suspended or Reduced Dividend Payments Suspended its quarterly dividend
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Long-Term Incentive Plan Changes On September 25, 2020, the Compensation Committee determined to allow the portion of options granted in fiscal 2020 with a scheduled vesting date in 2020 to vest effective September 30, 2020, notwithstanding that performance criteria for such options will not be met. This action impacts options granted to approximately 85 individuals, including all of the independent directors and following executive officers. The Committee took this extreme action in light of the severe and unprecedented disruption to the aerospace industry in the second half of fiscal 2020 due to the COVID-19 pandemic. The Committee noted that the Company had record revenue and EBITDA for its first half of fiscal 2020 (prior to the pandemic), appropriately strengthened the Company’s balance sheet at the height of the pandemic, and highlighted management’s significant focus, agility and resilience throughout the ensuing industry downturn. Management’s strong performance has resulted in maintaining an EBITDA margin in excess of 40% in very challenging industry circumstances.
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Executives: Granted Discretionary Award The executive team indicated its willingness to forego short-term incentives for 2020 and to forego some of their salaries, and publicly announced that intention. However, after the fiscal year end, the Committee felt strongly that it wanted to award the short-term incentives because liquidity was no longer a significant concern and management had expended significant effort to maintain EBITDA As Defined margins protecting shareholder value in a very difficult economic environment. The Committee awarded cash incentives (or options in the case of Messrs. Howley and Henderson) to all of the management except Mr. Stein who refused to accept a cash incentive for 2020. Subsequent to award, Mr. Howley and Mr. Henderson forfeited one-half of their incentive payment (paid in options)
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary CEO reducing cash compensation by over 50% for balance of 2020
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary Senior executives will also substantially reduce their cash compensation for balance of 2020
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Board of Directors will forgo 100% of their annual cash board fees for balance of 2020
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Reduced Workforce Reduce its workforce by up to 15%; Impacted domestic employees will receive a substantial lump sum payment upon their departure based on their tenure and will receive an additional $4,000 to defray expenses associated with health care costs, job-search costs or for any other purpose
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Furlough of Employees Anticipates implementing one to two week furloughs at many locations over approximately the next six months in response to business unit specific situations
TransDigm Group Incorporated $5,103 Public: S&P 500 Capital Goods Delay of Annual Meeting The Company is postponing the Annual Meeting to a later date to be determined
Xylem Inc. $4,876 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary In light of the uncertainty created by the COVID-19 pandemic, we have taken cost reduction actions which include a temporary 20% reduction in the base salary of the Company’s CEO; these temporary reductions are effective from June 1, 2020 through December 31, 2020
Xylem Inc. $4,876 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary In light of the uncertainty created by the COVID-19 pandemic, we have taken cost reduction actions which include a temporary 20% reduction in the base salary of all direct reports to the CEO; these temporary reductions are effective from June 1, 2020 through December 31, 2020
Xylem Inc. $4,876 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay In light of the uncertainty created by the COVID-19 pandemic, we have taken cost reduction actions which include a temporary 20% reduction in annual cash retainer fees payable to our Board of Directors; these temporary reductions are effective from June 1, 2020 through December 31, 2020
AMETEK, Inc. $4,540 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary The temporary pay reduction of 20%
AMETEK, Inc. $4,540 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary The temporary pay reductions we implemented generally range between 15% and 20% for salaried employees, including all executives
AMETEK, Inc. $4,540 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay The temporary reduction of fees paid to our Board of Directors ranging between 15% and 20%
AMETEK, Inc. $4,540 Public: S&P 500 Capital Goods Non-Executives: Reduced Pay The temporary pay reductions we implemented generally range between 15% and 20% for salaried employees
AMETEK, Inc. $4,540 Public: S&P 500 Capital Goods Reduced Workforce The total reduction in force is approximately 10% of our employee base across direct, indirect, and SG&A functions
AMETEK, Inc. $4,540 Public: S&P 500 Capital Goods Furlough of Employees Implemented temporary furloughs. These furloughs generally range in length from one week to three weeks, depending on the operating location and their customer market dynamics
Teledyne Technologies Incorporated $3,086 Public: S&P 500 Capital Goods Furlough of Employees Furloughed some employees
A. O. Smith Corporation $2,895 Public: S&P 500 Capital Goods Executives: Reduced CEO Base Salary Reduced CEO salary 25%
A. O. Smith Corporation $2,895 Public: S&P 500 Capital Goods Executives: Reduced Other Executive Base Salary NEOs and the entire CEO staff have volunteered a 15% reduction in base salary
A. O. Smith Corporation $2,895 Public: S&P 500 Capital Goods Board of Directors: Reduced Pay Reduced cash component of board compensation 25%
A. O. Smith Corporation $2,895 Public: S&P 500 Capital Goods Suspended Buyback Program Suspended its share repurchase program in mid-March
Allegion plc $2,720 Public: S&P 500 Capital Goods Suspended Buyback Program We have also recently implemented several actions to address the COVID-19 impact to our business, including share repurchases
Waste Management, Inc. $15,218 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Reducing incentive compensation accruals
Waste Management, Inc. $15,218 Public: S&P 500 Commercial and Professional Services Executives: Reduced Other Executive Incentive Reducing incentive compensation accruals
Waste Management, Inc. $15,218 Public: S&P 500 Commercial and Professional Services Non-Executives: Reduced Pay Reducing incentive compensation accruals
Waste Management, Inc. $15,218 Public: S&P 500 Commercial and Professional Services Suspended Buyback Program Temporarily suspended additional share repurchases
Waste Management, Inc. $15,218 Public: S&P 500 Commercial and Professional Services Expanded Benefits Programs Excusing COVID-19 related absences and providing a guarantee of 40 hours of weekly pay to all full-time employees during the pandemic
Republic Services, Inc. $10,154 Public: S&P 500 Commercial and Professional Services Reduced Workforce Laid off drivers
Cintas Corporation $7,085 Public: S&P 500 Commercial and Professional Services Long-Term Incentive Plan Changes Revised go forward incentive plan – Due to the impact of the COVID-19 pandemic, the Compensation Committee decided that for fiscal 2020, the named executive officers would be awarded LTI grants at the target level, regardless of performance achievement with respect to the goals set at the beginning of the fiscal year
Cintas Corporation $7,085 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Base Salary Fiscal 2021 base salaries for all named executive officers were reduced by 10%, effective June 1, 2020.
Cintas Corporation $7,085 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Due to the unexpected impact of the COVID-19 pandemic, determined to reduce 100% annual cash incentive compensation to employees at the Vice President level and above
Cintas Corporation $7,085 Public: S&P 500 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Fiscal 2021 base salaries for all named executive officers were reduced by 10%, effective June 1, 2020.
Cintas Corporation $7,085 Public: S&P 500 Commercial and Professional Services Executives: Reduced Other Executive Incentive Due to the unexpected impact of the COVID-19 pandemic, determined to reduce 100% annual cash incentive compensation to employees at the Vice President level and above
Cintas Corporation $7,085 Public: S&P 500 Commercial and Professional Services Furlough of Employees Furloughed employee-partners will continue to be eligible to receive Cintas health and wellness benefits
Nielsen Holdings plc $6,309 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Base Salary Reduced CEO total cash compensation (combined base salary and annual incentive payment) by 30% until September 30, 2020
Nielsen Holdings plc $6,309 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Reduced CEO total cash compensation (combined base salary and annual incentive payment) by 30% until September 30, 2020
Nielsen Holdings plc $6,309 Public: S&P 500 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Reduced total cash compensation (combined base salary and annual incentive payment) of other Section 16 officers by 20% until September 30, 2020
Nielsen Holdings plc $6,309 Public: S&P 500 Commercial and Professional Services Executives: Reduced Other Executive Incentive Reduced total cash compensation (combined base salary and annual incentive payment) of other Section 16 officers by 20% until September 30, 2020
Nielsen Holdings plc $6,309 Public: S&P 500 Commercial and Professional Services Board of Directors: Reduced Pay Reduced total cash compensation (combined cash retainer and DSUs) by 30% during Q2 and Q3
Robert Half International Inc. $5,109 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Base Salary CEO salary reduced by 100% for the current fiscal year
Robert Half International Inc. $5,109 Public: S&P 500 Commercial and Professional Services Furlough of Employees Impacted corporate staff were furloughed with paid benefits, awaiting a return to higher activity levels
IHS Markit Ltd. $4,288 Public: S&P 500 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Reduced 2020 NEO base salaries & applied previously approved 2020 cash incentive target percentages to the reduced salaries; Effective August 1, the 2020 Cash Incentive Target amounts have been adjusted to revert back to the 2020 Unadjusted Cash Incentive Targets, which apply to the approved target percentages of base salary to the 2020 Unadjusted Salaries (instead of adjusted full year earned 2020 salaries); On January 14, 2021, the Committee exercised its discretion to approve payouts under the 2020 CIP at 86.5% of target, after adjusting the 2020 CIP performance measures in order to reflect cancellation of corporate events during the 2020 fiscal year as a result of the COVID-19 pandemic. The exercise of discretion was intended to recognize the Company’s executive team’s successful leadership during the COVID-19 pandemic, including with respect to expense management, employee and customer management, continued product development and maintaining shareholder confidence
IHS Markit Ltd. $4,288 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Base Salary 50% salary decrease for FY2020 and 25 percent salary decrease for FY2021; Effective August 1, 2020 and for the remainder of fiscal year 2020, a 25% (instead of 50%) decrease from the 2020 Unadjusted Salary of the Chairman and Chief Executive Officer, with the 25% decrease continuing to apply for fiscal year 2021; On October 14, 2020, the Committee approved reverting the base salaries for the named executive officers to their 2020 Unadjusted Salaries, effective November 1, 2020
IHS Markit Ltd. $4,288 Public: S&P 500 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Effective April 1, 2020 a 40% decrease in the current salary of the other NEOs for 2020 and for the remainder of fiscal year 2021, a 20% decrease in the current salary of the other NEOs; Effective August 1, 2020 and for the remainder of fiscal year 2020, a 20% (instead of 40%) decrease in the 2020 Unadjusted Salaries of the other NEOs, with the 20% decrease continuing to apply for fiscal year 2021; On October 14, 2020, the Committee approved reverting the base salaries for the named executive officers to their 2020 Unadjusted Salaries, effective November 1, 2020
IHS Markit Ltd. $4,288 Public: S&P 500 Commercial and Professional Services Board of Directors: Reduced Pay On April 16, 2020, the Board also decided that, beginning May 1, 2020 for the remainder of the 2020 fiscal year, the Board’s annual board retainer shall be reduced by 50% and beginning December 1, 2020, the annual board retainer shall be reduced by 25%; On October 15, 2020, the Board decided that the previous reduction in the Board’s annual retainer should be reversed in its entirety, so that the Board retainer shall be $90,000, effective November 1, 2020
Verisk Analytics, Inc. $2,785 Public: S&P 500 Commercial and Professional Services Expanded Benefits Programs Offering COVID-19 paid leave for impacted employees in addition to their annual PTO, and is expanding its existing emergency relief policy to include civic emergencies
Copart, Inc. $2,206 Public: S&P 500 Commercial and Professional Services Other CEO required to use corporate aircraft for all travel during the duration of the Covid-19 pandemic
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Executives: Reduced CEO Base Salary CEO has taken a reduction to base pay of 35%
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Executives: Reduced Other Executive Base Salary COO taken a reduction to base pay of 35% and Senior executives 20% to 25%
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Board of Directors: Reduced Pay Chairman of the Board reduction of 35% of cash retainer
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Non-Executives: Reduced Pay Remaining corporate management have each taken a reduction to their base pay of 5% to 10%
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Suspended merit increases for the corporate office staff
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Furlough of Employees Temporarily furloughing a number of employees in both field operations and our home offices
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Expanded Benefits Programs Offering up to 80 hours of PTO to full-time employees for emergency leave for qualifying needs, and up to 40 hours of PTO to part-time employees
Rollins, Inc. $2,161 Public: S&P 500 Commercial and Professional Services Executives: Suspended Raises and/or Bonuses Suspended merit increases for the corporate office staff
NIKE, Inc. $37,403 Public: S&P 500 Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – Nike paid a cash bonus based on performance on bonus and LTIP metrics through 2/28/20 equal to 100% of target 2020 bonus + 75% of target 2018-2020 LTIP; Reflects 3 of 4 quarters and 11 of 12 quarters for 2020 bonus and 2018-2020 LTIP performance periods, respectively; To approximate the short- and long-term cash incentive payouts that were received by all other eligible employees, the Compensation Committee granted discretionary cash bonuses to each of our Named Executive Officers in amounts between $6,750,000 and $2,190,000
NIKE, Inc. $37,403 Public: S&P 500 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Nike paid a cash bonus based on performance on bonus and LTIP metrics through 2/28/20 equal to 100% of target 2020 bonus + 75% of target 2018-2020 LTIP; Reflects 3 of 4 quarters and 11 of 12 quarters for 2020 bonus and 2018-2020 LTIP performance periods, respectively; Revised go forward incentive plan – Modified 2020-2022 LTIP performance metrics from Revenue and EPS to Relative TSR vs. S&P 500. Award is capped at 100% of target if absolute TSR is negative; To approximate the short- and long-term cash incentive payouts that were received by all other eligible employees, the Compensation Committee granted discretionary cash bonuses to each of our Named Executive Officers in amounts between $6,750,000 and $2,190,000
NIKE, Inc. $37,403 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity All store employees will be paid in full during March 16 to March 27 store closures
NIKE, Inc. $37,403 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Temporarily suspended share repurchases
Whirlpool Corporation $19,456 Public: S&P 500 Consumer Durables and Apparel Suspended 401(k) Match Whirlpool will continue the employer match for 401(k) plans. However, the company match will be made with Whirlpool common stock instead of cash
Whirlpool Corporation $19,456 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees Employees are to schedule a two-week furlough between April 13 and the end of May
Whirlpool Corporation $19,456 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Temporarily suspended share repurchase program
PulteGroup, Inc. $11,036 Public: S&P 500 Consumer Durables and Apparel Reduced Workforce Reduced its targeted overhead expense through a combination of layoffs and furloughs
PulteGroup, Inc. $11,036 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees Reduced its targeted overhead expense through a combination of layoffs and furloughs
PulteGroup, Inc. $11,036 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Suspended all stock repurchase activities
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee exercised its right of discretion and determined the VF performance payout for VF’s Management Incentive Compensation Plan to be 90% of target for fiscal 2020; Revised go forward incentive plan – Delayed fiscal 2021 goal setting for VF’s Management Incentive Compensation Plan and VF’s Mid-Term Incentive Plan to provide additional time to gain greater clarity of the potential impact of COVID-19 on VF’s fiscal 2021 objectives and performance
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In May 2020, in determining the results for fiscal 2020, the Compensation Committee considered our above target performance for the first nine months of the fiscal year, as well as the estimated financial impact of COVID-19 during the final three months, and determined that the achievement of the MIC Plan stretch goals for VF for fiscal 2020 for the three- year MTIP performance period was 90%. Therefore, the Committee determined that the level of achievement of the financial performance metric of the MTIP goal for the three-year period 2017 through fiscal 2020 was 144%, determined by averaging the achievement of the VF Performance Target goals under the MIC Plan
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Temporary 50% salary reduction for the CEO, to be reassessed in four months
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Temporary 25% salary reduction for the Executive Leadership Team, to be reassessed in four months
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Board of Directors: Reduced Pay Cash retainer reduced 100% for four months
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity All retail employees will continue to receive full pay and benefits during the temporary closure period through May 3. Extending pledge to fully pay furloughed store associates in U.S., Canada, and Mexico until May 30
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Additional Payments for On-Site Employees Increased pay of U.S. and Canadian distribution centers workers through July
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Temporarily paused stock buyback program
V.F. Corporation $10,489 Public: S&P 500 Consumer Durables and Apparel Expanded Benefits Programs Providing 14 days of emergency leave pay for distribution center associates
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Reduced CEO salary 50%. The temporary salary reductions will commence in April 2020, will remain in place for at least three months and will last no more than six months.
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Intend to decrease bonus opportunities by 50% compared to 2019
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Reduced NEO salaries 25% to 50%. The temporary salary reductions will commence in April 2020, will remain in place for at least three months and will last no more than six months.
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Intend to decrease bonus opportunities by 50% compared to 2019
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Board of Directors: Reduced Pay Board members will forgo 100% of cash compensation for the duration of the crisis
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Reduced Pay All remaining full-time associates will have a temporary salary reduction of 5%-20% depending on salary level. Payout levels for 2020 performance bonuses will be reduced by 50% when performance targets are established for eligible associates
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses PVH has put all hiring on hold and will not make any merit increases to salaries in 2020
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Retail associates at will continue to receive full pay and benefits for their scheduled shifts during the temporary closure period of March 17 to March 29
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees 75% of store, office and warehouse associates furloughed or having their working hours decreased
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchases under the stock repurchase program
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Compensation Intend to decrease bonus opportunities by 50% compared to 2019
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses PVH has put all hiring on hold and will not make any merit increases to salaries in 2020
PVH Corp. $9,909 Public: S&P 500 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Suspended dividend payments until further notice
Mohawk Industries, Inc. $9,552 Public: S&P 500 Consumer Durables and Apparel Reduced Workforce We are lowering our costs by implementing layoffs
Mohawk Industries, Inc. $9,552 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees We are lowering our costs by implementing furloughs
Mohawk Industries, Inc. $9,552 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program The Company will not make further purchases under the stock buyback program until visibility improves
Newell Brands Inc. $9,385 Public: S&P 500 Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – Retained 2020 financial performance metrics & added full-year operational targets at the corporate & business unit levels (reduce stock-keeping units, enhance margin); divided plan in half – performance for the first half will be evaluated on original 2020 budget plan & performance for the second half will be evaluated on more recent forecasts; maximum payouts reduced; business unit participants eligible for “kicker” based on the unit’s performance relative to the original targets
Newell Brands Inc. $9,385 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Additional Payments for On-Site Employees Implemented a temporary hourly pay increase, a weekly bonus program for supervisors and additional emergency pay checks in the U.S. and certain geographies
Newell Brands Inc. $9,385 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees Furloughed approximately 5,000 employees, primarily related to supply chain and retail operations and instituted a hiring freeze
Hanesbrands Inc. $6,664 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Instituted temporary pay cuts for executives of 30%
Hanesbrands Inc. $6,664 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Instituted temporary pay cuts for executives and salaried employees, ranging from 10% to 30%, depending on employee level
Hanesbrands Inc. $6,664 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Reduced Pay Instituted temporary pay cuts for executives and salaried employees, ranging from 10% to 30%, depending on employee level
Hanesbrands Inc. $6,664 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees After paying retail store employees full pay for two-plus weeks of the closures, retail store employees have transitioned to furloughed status with continuation of benefit. In addition to the retail store employees, the company will temporarily furlough approximately 575 other U.S. employees
Hanesbrands Inc. $6,664 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchases for the remainder of the year
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – Adjusted 2020 bonus to partially exclude the effect of COVID-19 and called payout at 100% of target; Revised go forward incentive plan – Bifurcated 2021 bonus plan with the first performance interval April – September 2020 and the second performance interval October 2020 – March 2021; Payout of the first performance period will be based on the Company’s management of the three COVID-19 phases (managing the crisis, preparing for the rebound, and working in the new normal in the context of our 5 stakeholders); The second performance interval (October 2020 – March 2021) will be determined in the second quarter of Fiscal 2020; Any bonus payout will be based on the financial situation of the Company as of the end of Fiscal 2021; Reduced max payout to 125% of target from 200% of target
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Adjusted PSU awards to partially exclude the effect of COVID-19; Revised go forward incentive plan – As a result of the impact of COVID-19, and as a result of the importance of emphasizing retention of our management team during this crisis, we will grant time-based RSUs to all participants in Fiscal 2021. RSUs granted to Mr. R. Lauren will vest 100% on the third anniversary of the grant. For the other NEOs, fifty percent of the RSUs granted will vest 100% on the third anniversary of the grant and fifty percent of the RSUs will vest on a pro-rata basis with one-third vesting per year on the first, second and third anniversary of the grant.
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO will reduce his salary by 50% during the crisis
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Executive Chairman Pay Executive Chairman and Chief Creative Officer, Ralph Lauren, will forego 100% of his salary for Fiscal Year 2021
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Executive and Global Leadership Team (140 members) will reduce their salaries by 20% for the first quarter of 2021
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Board of Directors: Reduced Pay Cash compensation reduced 100% for Q1 2021
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Continued to be paid during store closures from mid-March through April 11. Following this period, all of our store employees where retail operations are suspended, will be placed on unpaid temporary furlough
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees All of the company’s team members impacted by closure received standard pay mid-March through April 11, at which point employees will be placed on unpaid temporary furlough. These employees will continue to receive regular employee benefits
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Halting any incremental share repurchases during the COVID-19 crisis, having completed its repurchase program in Fiscal 2020
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Expanded Benefits Programs Employees worldwide also have free access to employee assistance programs that provide legal, financial, parenting, elder care, childcare and mental health support
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Other Amended Mr. R. Lauren’s employment agreement so that upon certain terminations of employment, the portion of his severance based on his base salary would disregard his reduced base salary rate, and the portion of his severance based on prior years’ bonus would exclude the Fiscal 2021 bonus and the Fiscal 2020 bonus (which, as previously noted, Mr. R. Lauren voluntarily forfeited)
Ralph Lauren Corporation $6,160 Public: S&P 500 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Suspended our quarterly dividends during the crisis, beginning in Fiscal 2021
Hasbro, Inc. $5,465 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees Furlough some employees
Hasbro, Inc. $5,465 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Suspended its current share repurchase program
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Annual Incentive Plan Changes Revised go forward incentive plan – For the 2021 AIP, the company revised the performance curves to be wider and replaced Diluted EPS as a metric with Inventory Turns
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised go forward incentive plan – For the August 2020 annual long-term incentive award, granted three-year cliff vesting RSUs instead of performance RSUs (PRSUs) to NEOs and other senior executives. The Committee intends to return to its normal practice of granting PRSUs in August 2021
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Executives: Granted Discretionary Award Granted special Acceleration Program PRSU awards to approximately 100 Corporate employees, including NEOs. These awards may be earned from 0% to 200% of target, subject to the Company’s achievement of two-year net income and return on net assets targets. Grants to the NEOs ranged from $200,000 to $500,000. PRSUs have a wider than typical performance curve to provide opportunity for payout over a wider range of performance results during a period of extreme uncertainty due to the Covid-19 pandemic
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Base Salary A 50% salary reduction for CEO effective July 2020 and expected to remain in effect for up to 12 months. Effective November 1, 2020, all impacted employees will have their salaries restored to full salary levels going forward
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Cancellation of the Company’s Annual Incentive Plan (AIP) for fiscal year 2020, which will result in 100% bonus reduction for the current fiscal year
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Salary reductions of 5% to 20%, depending on salary level, for all North America corporate employees above a certain salary threshold; reductions are effective July 2020 and expected to remain in effect for up to 12 months. Effective November 1, 2020, all impacted employees will have their salaries restored to full salary levels going forward
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Cancellation of 100% of the Company’s Annual Incentive Plan (AIP) for fiscal year 2020, which will result in no bonuses being paid for the current fiscal year
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Board of Directors: Reduced Pay A 50% reduction in cash compensation for the Board of Directors for 12 months. The reduction applies to the annual cash retainer for Board service, committee chair retainers and the Board Chair retainer. Effective November 1, 2020, such cash retainers will be restored to their full values going forward
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Reduced Pay Salary reductions of 5% to 20%, depending on salary level, for all North America corporate employees above a certain salary threshold. Effective November 1, 2020, all impacted employees will have their salaries restored to full salary levels going forward
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Cancellation of the Company’s Annual Incentive Plan (AIP) for fiscal year 2020, which will result in no bonuses being paid for the current fiscal year; Elimination of merit salary increases for all employees for fiscal year 2021
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Employees will continue to receive scheduled pay and benefits during temporary four week closure period through May 30th, at which time the Company will furlough most assistant store managers and sales associates where stores have not reopened
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Reduced Workforce Reducing retail workforce in North America by approximately 2,100 part-time store associates across the three brands effective April 25th. These employees will receive a one-time payment of $1,000 to reduce the financial burden of this action
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees Furloughed most of its North American assistant managers and store associates after the company didn’t reopen its doors by May 30
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Suspended Buyback Program Suspended $900 million share repurchase program
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Expanded Benefits Programs Foundations will match gifts made by employees in North America to support qualified charitable COVID-19 causes, up to $10,000 per employee
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Cancellation of the Company’s Annual Incentive Plan (AIP) for fiscal year 2020, which will result in no bonuses being paid for the current fiscal year; Elimination of merit salary increases for all employees for fiscal year 2021
Tapestry, Inc. $4,961 Public: S&P 500 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Suspended quarterly cash dividend starting in Q4 2020. Declaration does not affect previously announced quarterly dividend
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Annual Incentive Plan Changes Revised go forward incentive plan – The company historically establishes both short-term and long-term performance compensation financial targets during the first quarter of each fiscal year. Given the ongoing uncertainty regarding the impact of COVID-19, delayed the approval of certain elements of our 2020 compensation program, specifically the financial targets for our annual cash incentive award and the approval of the performance based portion of our annual equity awards. The Compensation Committee currently expects to consider these elements of our compensation program during the second quarter of 2020
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised go forward incentive plan – The company historically establishes both short-term and long-term performance compensation financial targets during the first quarter of each fiscal year. Given the ongoing uncertainty regarding the impact of COVID-19, delayed the approval of certain elements of our 2020 compensation program, specifically the financial targets for our annual cash incentive award and the approval of the performance based portion of our annual equity awards. The Compensation Committee currently expects to consider these elements of our compensation program during the second quarter of 2020
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO salary reduced by 25% for the duration of the crisis
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary EVPs and above salaries reduced by 25% for the duration of the crisis
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Board of Directors: Reduced Pay Director compensation reduced by 25% for the duration of the crisis
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity All employees will receive pay during North American store closure from March 16 to March 28
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Non-Executives: One-Time Bonus Beginning April 12th, the company will begin paying premium bonuses to its distribution center teammates continuing to work during the crisis
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Non-Executives: Additional Payments for On-Site Employees The Company will pay premium bonuses to its distribution center employees continuing to work during the crisis
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Reduced Workforce The Company temporarily laid off employees in the U.S. Brand and Factory House stores, and approximately 600 employees in the U.S.-based distribution centers.
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees Furloughed 6,600 employees
Under Armour, Inc. $4,475 Public: S&P 500 Consumer Durables and Apparel Expanded Benefits Programs The Company will cover full health benefits for benefit-eligible teammates for approximately two months during the temporary layoff period
Leggett & Platt, Incorporated $4,280 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Effective July 5, restored NEO salaries full to pre-pandemic levels after 3-month 50% salary cut
Leggett & Platt, Incorporated $4,280 Public: S&P 500 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Effective July 5, restored NEO salaries to 100% of pre-pandemic levels after 3-month 50% salary cut
Leggett & Platt, Incorporated $4,280 Public: S&P 500 Consumer Durables and Apparel Board of Directors: Reduced Pay 50% reduction to annual Board cash retainers, committee chair cash retainers and committee member cash retainers, all of which are paid on a quarterly basis. The reduction in compensation went into effect immediately and is applicable to the second quarter 2020 director fees; On June 29, 2020, the Board reinstated the quarterly cash payment rates to levels that existed prior to the April 9, 2020 Board meeting effective as of the Board’s third quarter 2020 cash payments
Leggett & Platt, Incorporated $4,280 Public: S&P 500 Consumer Durables and Apparel Furlough of Employees Announced furloughs in April
Starbucks Corporation $23,518 Public: S&P 500 Consumer Services Non-Executives: Guaranteed Pay Continuity Pledged to pay workers regardless of branch closings starting on March 15. Extended this pledge through May 3. Catastrophe Pay will be extended through May 31 for employees who have been diagnosed or exposed to COVID-19
Starbucks Corporation $23,518 Public: S&P 500 Consumer Services Non-Executives: Additional Payments for On-Site Employees Additional $3 per hour for shifts worked as scheduled Mar. 21-May 31. If an employee has made the decision to not work at this time, they can continue to use catastrophe pay through May 3
Starbucks Corporation $23,518 Public: S&P 500 Consumer Services Suspended Buyback Program Temporarily suspended our share repurchase program
Starbucks Corporation $23,518 Public: S&P 500 Consumer Services Expanded Benefits Programs Offering 20 free therapy sessions a year to all employees. Expanded childcare benefits, Providing hardship grants
McDonald’s Corporation $19,208 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary CEO voluntarily offered a 50% reduction in his base salary for the period April 15, 2020 to September 30, 2020
McDonald’s Corporation $19,208 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary NEOs offered a 25% reduction in their base salaries for the period April 15, 2020 to September 30, 2020
McDonald’s Corporation $19,208 Public: S&P 500 Consumer Services Non-Executives: Guaranteed Pay Continuity Committed to cover sick leave for any corporate-owned employees for two weeks (5% to 10% of McDonald’s stores globally) who are asked to quarantine for two weeks. Excludes franchised locations
McDonald’s Corporation $19,208 Public: S&P 500 Consumer Services Non-Executives: One-Time Bonus Gave employees in corporate stores a 10% bonus in May
McDonald’s Corporation $19,208 Public: S&P 500 Consumer Services Suspended Buyback Program Suspended share repurchase program in March in order to preserve financial flexibility
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Shortened 2020 performance period by 3 months (by ending February 23) to exclude the pandemic; Target bonus opportunity for participants under the annual incentive plan for fiscal 2020 would be based on the target annual incentive opportunities approved by the Compensation Committee in June 2019; Calculated target bonus without taking into consideration the temporary salary reductions that were implemented as part of the Company’s response to the COVID-19 pandemic; Revised go forward incentive plan – Any payouts under the fiscal 2021 annual incentive plan will be based on financial results against pre-determined goals, but with (a) those goals being set at a later date once there is more visibility into performance expectations and (b) the ability to modify payouts based on an assessment of management’s performance in the first half of fiscal 2021 positioning the Company for success in the second half of the fiscal year and in the long-term; Adopting a “One Company” approach in 2021 by removing business unit component. On December 15, 2020, established rules to measure fiscal 2021 performance results for the annual incentive plan and determined that performance for the second half of the fiscal year will be determined using a single performance measure. The performance results for the second half of the year may be adjusted up or down by no more than 20% of target amount based on performance results with respect to the first half of fiscal 2021 as determined by the Compensation Committee based on the subjective performance criteria established in the AIP document for fiscal 2021
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary CEO base salary reduced to 100% $14,750 annually, effective March 23. Restored CEO salary starting June 1 after 2-month salary cut
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary The base salary for each NEO, other than the President/CEO, will be reduced by 50%, effective April 13. Restored salary reductions starting June 1 after 2-month salary cut
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Board of Directors: Reduced Pay Company reduced cash compensation by 50% to non-employee directors effective April 13. Restored compensation starting June 1 after 2-month salary cut
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Non-Executives: Reduced Pay All remaining team members and senior operations leaders will be taking a pay reduction
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Non-Executives: Suspended Raises and/or Bonuses No merit-based salary increases will be granted for fiscal 2021; No increases will be made to target annual incentive opportunities for fiscal 2021; No increases will be made to target long-term incentive grant values for fiscal 2021.
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Non-Executives: Guaranteed Pay Continuity Implemented an Emergency Pay Program. For first two weeks, pay was based on the average hours worked over the previous 13 weeks. Extended program for a third week of 50% pay for hourly workers
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Non-Executives: Additional Payments for On-Site Employees All hourly team members who are still working in our restaurants will receive an extra $10 per day beginning in April for an unspecific time period
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Furlough of Employees We will be furloughing some of our team members at the support center and reducing pay for the remaining team members. Employees with retain their medical benefits, while earning 100% of their regular pay for the first week and 50% for the next three weeks of their furlough
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Expanded Benefits Programs Implemented paid sick leave program to all employees. Created an emergency pay program to supplement permanent paid sick leave policy for all hourly employees
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Executives: Suspended Raises and/or Bonuses No merit-based salary increases will be granted for fiscal 2021; No increases will be made to target annual incentive opportunities for fiscal 2021; No increases will be made to target long-term incentive grant values for fiscal 2021.
Darden Restaurants, Inc. $7,807 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments Suspended quarterly cash dividend. The Board of Directors intends to review the Company’s quarterly cash dividend policy as developments warrant
Chipotle Mexican Grill, Inc. $5,985 Public: S&P 500 Consumer Services Non-Executives: One-Time Bonus Offered a $500 one-time Manager Assistance Bonus to our Restaurateurs and General Managers and $250 to our Apprentices who work through the month of April
Chipotle Mexican Grill, Inc. $5,985 Public: S&P 500 Consumer Services Non-Executives: Additional Payments for On-Site Employees Effective March 16, offered a 10% increase in hourly pay for restaurant employees through May 24. The company extended the end date through June 7 then let it expire
Chipotle Mexican Grill, Inc. $5,985 Public: S&P 500 Consumer Services Suspended Buyback Program As sales fell quickly from the impact of COVID-19, we proactively implemented a number of actions to reduce cash outlays and expenses, including the suspension of our stock buyback program
Chipotle Mexican Grill, Inc. $5,985 Public: S&P 500 Consumer Services Expanded Benefits Programs Expanded emergency leave benefits to accommodate those directly affected by COVID-19. These individuals may receive pay equal to their upcoming 2-week schedule or average hours worked, whichever is greater
Yum! Brands, Inc. $5,652 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary CEO agreed to forgo 100% of salary compensation for the rest of 2020 and will use those funds to pay out $1,000 bonuses to general managers at company-operated businesses
Yum! Brands, Inc. $5,652 Public: S&P 500 Consumer Services Non-Executives: One-Time Bonus One-time $1,000 bonus for nearly 1,200 RGMs at company-owned KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurants
Yum! Brands, Inc. $5,652 Public: S&P 500 Consumer Services Suspended Buyback Program Suspended share repurchase program
Carnival Corporation & plc $5,594 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary Implemented salary and benefit reductions across the company, including senior management
Carnival Corporation & plc $5,594 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary Implemented salary and benefit reductions across the company, including senior management
Carnival Corporation & plc $5,594 Public: S&P 500 Consumer Services Non-Executives: Reduced Pay Implemented salary and benefit reductions across the company, including senior management
Carnival Corporation & plc $5,594 Public: S&P 500 Consumer Services Reduced Workforce Implemented a combination of layoffs, furloughs, reduced work weeks and salary and benefit reductions across the company, including senior management
Carnival Corporation & plc $5,594 Public: S&P 500 Consumer Services Furlough of Employees Implemented a combination of layoffs, furloughs, reduced work weeks and salary and benefit reductions across the company, including senior management
Carnival Corporation & plc $5,594 Public: S&P 500 Consumer Services Suspended Buyback Program The Company suspended the repurchase of the common stock.
Carnival Corporation & plc $5,594 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments The Company suspended dividend payments on the common stock
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary 100% of base salary for the remaining pay periods in 2020 will be granted in restricted stock units, instead of cash
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary 100% of base salary for the remaining pay periods in 2020 will be granted in restricted stock units, instead of cash
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Board of Directors: Reduced Pay Compensation paid in RSUs during 2020
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Non-Executives: Suspended Raises and/or Bonuses Cancellation of merit pay increases
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Reduced Workforce Laid off workers will maintain benefits through June 30
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Furlough of Employees Furloughed employees will have their health plans run through June 30th. To mitigate some of the impact, paying Flexible Time Off employees on furlough for two weeks and allowing hourly workers to use available Paid Time Off. Some of the 63,000 employees it has furloughed may be let go permanently starting in August
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Expanded Benefits Programs All furloughed employees enrolled in the MGM Resorts Health Plan will now receive continued benefits – with no employee contributions for the premiums – through August 31, 2020. In addition, the Company is continuing to process grants for employee expenses like rent, mortgage payments, groceries and utilities through the Employee Emergency Grant Fund
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Executives: Suspended Raises and/or Bonuses Cancellation of merit pay increases
MGM Resorts International $4,917 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments Starting with its dividend for the second quarter of 2020, dividend lowered to $0.01 per share or less
Domino’s Pizza, Inc. $3,911 Public: S&P 500 Consumer Services Expanded Workforce Looking to hire 10,000 people to meet delivery demands
Domino’s Pizza, Inc. $3,911 Public: S&P 500 Consumer Services Expanded Benefits Programs Expanding paid leave for full and part time hourly employees of company-owned stores and supply chain centers (6% of employees)
Las Vegas Sands Corp. $3,612 Public: S&P 500 Consumer Services Non-Executives: Guaranteed Pay Continuity Extending pay for Las Vegas Sands employees until at least May 17
Las Vegas Sands Corp. $3,612 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments Announced April 17 that it is suspending its dividend
Norwegian Cruise Line Holdings Ltd. $2,751 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary On June 3, extended salary reductions of 20% for NEOs from 3 months to 6 months through September 27
Norwegian Cruise Line Holdings Ltd. $2,751 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary On June 3, extended salary reductions of 20% for NEOs from 3 months to 6 months through September 27
Norwegian Cruise Line Holdings Ltd. $2,751 Public: S&P 500 Consumer Services Non-Executives: Reduced Pay Salaries reduced 20% for all shoreside employees at least April 2020 through June 2020
Norwegian Cruise Line Holdings Ltd. $2,751 Public: S&P 500 Consumer Services Suspended 401(k) Match Paused employer 401(k) match contribution
Norwegian Cruise Line Holdings Ltd. $2,751 Public: S&P 500 Consumer Services Furlough of Employees Furloughed more than 7,300 colleagues in total which equates to approximately 90% of its workforce and 20% of corporate employees May 1 through July 31. While on furlough, employees will not receive salary or hourly wages, but will continue to receive health benefit coverage
Royal Caribbean Group $2,209 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary through the end of September
Royal Caribbean Group $2,209 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary CFO and two other executives are taking a 25% pay cut through September 30, 2020
Royal Caribbean Group $2,209 Public: S&P 500 Consumer Services Board of Directors: Reduced Pay Board of Directors will forgo 100% of cash retainers and fees payable for Board and committee service, effective from April 1 through September 30
Royal Caribbean Group $2,209 Public: S&P 500 Consumer Services Reduced Workforce We have reduced and furloughed our workforce, with approximately 23% of our US shoreside employee base being impacted
Royal Caribbean Group $2,209 Public: S&P 500 Consumer Services Furlough of Employees We have reduced and furloughed our workforce, with approximately 23% of our US shoreside employee base being impacted
Royal Caribbean Group $2,209 Public: S&P 500 Consumer Services Suspended Buyback Program Suspended stock buybacks
Royal Caribbean Group $2,209 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments Suspended its dividend
Marriott International, Inc. $2,119 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for 2020
Marriott International, Inc. $2,119 Public: S&P 500 Consumer Services Executives: Reduced Executive Chairman Pay Chairman is forgoing 100% of salary for 2020
Marriott International, Inc. $2,119 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary Executive pay will be cut 50%
Marriott International, Inc. $2,119 Public: S&P 500 Consumer Services Non-Executives: Reduced Pay Corporate employees are subject to 20% pay cuts and reduced work weeks
Marriott International, Inc. $2,119 Public: S&P 500 Consumer Services Furlough of Employees Furloughed two-thirds of its U.S. and global corporate staff and tens of thousands of other hotel staff. Corporate-staff furloughs will last 60 to 90 days. During that period, furloughed U.S. corporate employees will receive 20% of their salary toward health-care and other costs
Marriott International, Inc. $2,119 Public: S&P 500 Consumer Services Other Delay paying matching contributions it was scheduled to deposit in participants’ accounts on March 10 until September
Marriott International, Inc. $2,119 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments Suspended its dividend, though its previously declared Q1 dividend will be paid
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Annual Incentive Plan Changes Revised go forward incentive plan – The Committee established significantly reduced target incentive levels of each NEOs’ annual bonus target
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Long-Term Incentive Plan Changes As the Company’s business conditions become clearer throughout the remainder of 2020 and early 2021, the Committee intends to reset the long-term performance targets for Named Executive Officers and may make additional long-term incentive arrangements tied to such targets
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Executives: Granted Discretionary Award The Committee has approved a one-time restricted stock grant to retain and motivate its key employees, including NEOs, for the remainder of 2020 and a substantial portion of 2021, a period that is expected to be characterized by significant operating uncertainty
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary in exchange for shares for the rest of 2020
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary Executives will reduce salaries by 33% – 100%
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Board of Directors: Reduced Pay Salary reduced
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Non-Executives: Guaranteed Pay Continuity Committed to paying full-time Wynn and Encore employees during two week closure beginning March 17
Wynn Resorts, Limited $2,096 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments Suspended its dividend
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – With respect to the non-financial components of the 2020 annual cash incentive, the Committee may exercise its discretion in evaluating executives based on the Company’s post-pandemic priorities of protecting our people and business and preparing for recovery.
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Due to these unforeseen circumstances and global economic conditions, the Company’s achievement of the performance targets for the 2018 performance awards became impossible and the achievement of the performance targets for the 2019 and 2020 performance awards highly unlikely, which would result in a zero payout under the Company’s 2018, 2019 and 2020 performance awards. A zero payout for the performance awards would fail to recognize strong performance in the two years prior to the pandemic where results exceeded the target payout, as well as shareholder value created during the overall performance period through the modification date, and limit the Company’s ability to retain senior business leaders and drive long-term performance. As a result, the Committee sought to effectively replace the original 2018, 2019 and 2020 performance awards and approved modifications on December 22, 2020
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for the remainder of 2020
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Executives: Reduced Other Executive Base Salary Executive Committee will take a pay cut of 50% for the duration of the crisis
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Non-Executives: Reduced Pay Corporate Team Members who are not furloughed will have their pay reduced by up to 20% for the duration of the crisis
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Reduced Workforce Cut 22% of global workforce
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Furlough of Employees Beginning April 4, many of Hilton’s corporate Team Members will have reduced schedules or be furloughed for up to 90 days. During this time, these Team Members will maintain their health benefits and subject to local regulations, will also be eligible for unemployment benefits
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Suspended Buyback Program Suspended all share buybacks
Hilton Worldwide Holdings Inc. $1,600 Public: S&P 500 Consumer Services Suspended or Reduced Dividend Payments Suspended dividend payments, other than those previously declared, on March 26
Berkshire Hathaway Inc. $247,981 Public: S&P 500 Diversified Financials Non-Executives: Reduced Pay These actions have included wage and salary reductions
Berkshire Hathaway Inc. $247,981 Public: S&P 500 Diversified Financials Furlough of Employees These actions have included employee furloughs
Morgan Stanley $48,198 Public: S&P 500 Diversified Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
Morgan Stanley $48,198 Public: S&P 500 Diversified Financials Other There will not be a reduction in force at Morgan Stanley in 2020, aside from a performance issue or a breach of the Code of Conduct
The Goldman Sachs Group, Inc. $41,462 Public: S&P 500 Diversified Financials Reduced Workforce Plans to eliminate roughly 1% of its workforce, or roughly 400 positions
The Goldman Sachs Group, Inc. $41,462 Public: S&P 500 Diversified Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
The Goldman Sachs Group, Inc. $41,462 Public: S&P 500 Diversified Financials Expanded Benefits Programs 10 days of paid family leave to care for children or elderly parents who are at home during the coronavirus pandemic
American Express Company $31,357 Public: S&P 500 Diversified Financials Other Committed to no layoffs in 2020
Capital One Financial Corporation $18,259 Public: S&P 500 Diversified Financials Non-Executives: Additional Payments for On-Site Employees Branch employees who continue to work on-site will receive an additional $10 per hour. Other customer support employees, like call center staff, would receive an extra $5 per hour
Capital One Financial Corporation $18,259 Public: S&P 500 Diversified Financials Suspended Buyback Program Suspended share buyback program on March 13 effective April 1 through the program’s expiration at the end of the second quarter of 2020
The Bank of New York Mellon Corporation $15,472 Public: S&P 500 Diversified Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
The Charles Schwab Corporation $11,691 Public: S&P 500 Diversified Financials Non-Executives: One-Time Bonus $1,000 payment to all non-officer employees to help them cover extraordinary costs incurred due to the pandemic
State Street Corporation $11,615 Public: S&P 500 Diversified Financials Suspended Buyback Program Suspended share buybacks for the rest of the first quarter and the second quarter of 2020
Raymond James Financial, Inc. $7,757 Public: S&P 500 Diversified Financials Non-Executives: Guaranteed Pay Continuity Paying all employees their full salaries whether they can work or not, up to the lesser of 14 days or when school is back in session.
Raymond James Financial, Inc. $7,757 Public: S&P 500 Diversified Financials Suspended Buyback Program Share buybacks have been suspended since mid-March
S&P Global Inc. $7,442 Public: S&P 500 Diversified Financials Expanded Benefits Programs Expanded care leave and minimum sick leave to two weeks, supported global work-from-home arrangements by providing a technology subsidy to accommodate the WFH environment, and extended their Employee Assistance Program to provide wider access to mental health services. It has also committed pay employees who contract COVID-19, and is extending vacation carryover
Northern Trust Corporation $5,976 Public: S&P 500 Diversified Financials Non-Executives: One-Time Bonus One-time supplemental payment to certain employees in response to the COVID-19 pandemic
Northern Trust Corporation $5,976 Public: S&P 500 Diversified Financials Suspended Buyback Program On March 16, 2020, the Corporation announced the temporary suspension of repurchases of common stock under its share repurchase program
Discover Financial Services $5,954 Public: S&P 500 Diversified Financials Suspended Buyback Program The company suspended its share repurchase program in March 2020 in recognition of the economic environment at that time and will not repurchase shares during the third quarter of 2020
Synchrony Financial $5,852 Public: S&P 500 Diversified Financials Non-Executives: One-Time Bonus Associates and front-line leaders within our contact centers, will receive a one-time, special bonus
Synchrony Financial $5,852 Public: S&P 500 Diversified Financials Suspended Buyback Program Suspended remaining authorized share repurchase
Synchrony Financial $5,852 Public: S&P 500 Diversified Financials Expanded Benefits Programs Expanded our backup emergency care benefit. Covering the cost of co-pays for virtual doctor visits. Added on-site healthcare professionals at largest office. Added complimentary meals for our teams in our contact centers
Franklin Resources, Inc. $5,567 Public: S&P 500 Diversified Financials Executives: Reduced CEO Base Salary Effective April 13, 2020, the base salary of each NEO was reduced by 20%. Base salaries were restored October 1, 2020 to prior fiscal year 2020 amounts
Franklin Resources, Inc. $5,567 Public: S&P 500 Diversified Financials Executives: Reduced Other Executive Base Salary Effective April 13, 2020, the base salary of each NEO was reduced by 20%. Base salaries were restored October 1, 2020 to prior fiscal year 2020 amounts
Moody’s Corporation $5,371 Public: S&P 500 Diversified Financials Suspended Buyback Program Company has suspended share repurchases
Chevron Corporation $94,471 Public: S&P 500 Energy Reduced Workforce Cut 10% to 15% of its 45,000 global workforce on May 27
Chevron Corporation $94,471 Public: S&P 500 Energy Suspended Buyback Program Suspended share repurchase plan
Marathon Petroleum Corporation $69,897 Public: S&P 500 Energy Suspended Buyback Program Share repurchases have temporarily been suspended
Phillips 66 $64,129 Public: S&P 500 Energy Suspended Buyback Program Temporarily suspended share repurchases effective March 18
Schlumberger Limited $23,601 Public: S&P 500 Energy Annual Incentive Plan Changes Modified 2020 annual cash incentive plan to replace the adjusted EPS performance metric that it had approved earlier in the year with a 2020 adjusted EBITDA metric. The company also modified the minimum threshold cash flow generation target. As a result of these changes, for 2020 officer compensation, 40% of the officers’ target annual cash incentive opportunity will be based on achievement of cash flow generation targets and 30% will be based on achievement of adjusted EBITDA targets. The 30% target annual cash incentive opportunity based on achievement of pre-established key personal objectives as set earlier in the year remains unchanged.
Schlumberger Limited $23,601 Public: S&P 500 Energy Executives: Reduced CEO Base Salary Executives will take a voluntary 20% base salary reduction, starting April 1
Schlumberger Limited $23,601 Public: S&P 500 Energy Executives: Reduced Other Executive Base Salary Executives will take a voluntary 20% base salary reduction, starting April 1
Schlumberger Limited $23,601 Public: S&P 500 Energy Board of Directors: Reduced Pay Reduced directors cash compensation
Schlumberger Limited $23,601 Public: S&P 500 Energy Reduced Workforce Over 600 employees will be laid off in Texas and Oklahoma
Schlumberger Limited $23,601 Public: S&P 500 Energy Furlough of Employees Furloughs over the next couple of months
Baker Hughes Company $20,705 Public: S&P 500 Energy Reduced Workforce Laid off more than 200 people
ConocoPhillips $19,216 Public: S&P 500 Energy Non-Executives: Suspended Raises and/or Bonuses Executive and employee pay increases granted earlier in 2020 will be canceled and everyone will be paid at 2019 levels
ConocoPhillips $19,216 Public: S&P 500 Energy Suspended Buyback Program Suspended share buybacks
ConocoPhillips $19,216 Public: S&P 500 Energy Executives: Suspended Raises and/or Bonuses Executive and employee pay increases granted earlier in 2020 will be canceled and everyone will be paid at 2019 levels
Occidental Petroleum Corporation $17,809 Public: S&P 500 Energy Executives: Reduced CEO Base Salary Salary reduced by 81%
Occidental Petroleum Corporation $17,809 Public: S&P 500 Energy Executives: Reduced Other Executive Base Salary Executive pay will be cut by 68% on – base salary cap of $250,000
Occidental Petroleum Corporation $17,809 Public: S&P 500 Energy Board of Directors: Reduced Pay 15% reduction in in all remaining 2019-2020 non-employee director compensation
Occidental Petroleum Corporation $17,809 Public: S&P 500 Energy Non-Executives: Reduced Pay Cut pay by 30% for all U.S employees
Occidental Petroleum Corporation $17,809 Public: S&P 500 Energy Non-Executives: Suspended Raises and/or Bonuses Employee Bonuses & Perks are being suspended
Occidental Petroleum Corporation $17,809 Public: S&P 500 Energy Suspended or Reduced Dividend Payments Reduced quarterly dividend by 86% effective July 2020
Halliburton Company $14,445 Public: S&P 500 Energy Executives: Reduced CEO Base Salary Reduced executive salaries
Halliburton Company $14,445 Public: S&P 500 Energy Executives: Reduced Other Executive Base Salary Reduced executive salaries
Halliburton Company $14,445 Public: S&P 500 Energy Board of Directors: Reduced Pay Reduced pay
Halliburton Company $14,445 Public: S&P 500 Energy Non-Executives: Suspended Raises and/or Bonuses Halting pay raises for employees
Halliburton Company $14,445 Public: S&P 500 Energy Suspended 401(k) Match Suspended certain contributions made to employee retirement accounts
Halliburton Company $14,445 Public: S&P 500 Energy Reduced Workforce Cut more than 1,000 jobs
Halliburton Company $14,445 Public: S&P 500 Energy Furlough of Employees Furloughed 3,500 employees
Halliburton Company $14,445 Public: S&P 500 Energy Executives: Suspended Raises and/or Bonuses Halting pay raises for employees
HollyFrontier Corporation $11,184 Public: S&P 500 Energy Executives: Reduced CEO Base Salary CEO salary reduced 10% July 1 to December 31
HollyFrontier Corporation $11,184 Public: S&P 500 Energy Board of Directors: Reduced Pay Cash compensation reduced 10% July 1 to December 31
Pioneer Natural Resources Company $7,024 Public: S&P 500 Energy Executives: Reduced CEO Base Salary 20% decrease in salary of CEO for indefinite duration
Pioneer Natural Resources Company $7,024 Public: S&P 500 Energy Executives: Reduced CEO Incentive Compensation Implemented reductions in estimated cash incentive compensation
Pioneer Natural Resources Company $7,024 Public: S&P 500 Energy Executives: Reduced Other Executive Base Salary 15% decrease in salaries of the Company’s other executive officers and a 10% decrease in the annual base salaries of other officers for indefinite duration
Pioneer Natural Resources Company $7,024 Public: S&P 500 Energy Executives: Reduced Other Executive Incentive Implemented reductions in estimated cash incentive compensation
Pioneer Natural Resources Company $7,024 Public: S&P 500 Energy Board of Directors: Reduced Pay 20% decrease in directors’ cash base retainer fee, as well as a 20% reduction in the additional cash retainer fees payable to the Chairman of the Board and the Chairman of the Audit Committee for indefinite duration
Pioneer Natural Resources Company $7,024 Public: S&P 500 Energy Suspended 401(k) Match Under the 401(k) Plan, the Company’s contribution for each dollar of base compensation contributed by the participant not in excess of five percent of such participant’s base compensation will be reduced from 200 percent to 100 percent. Under the Deferred Compensation Plan, the Company’s contribution for each eligible dollar of base salary and annual cash bonus contributed will be reduced from 100 percent to 50 percent
NOV Inc. $6,090 Public: S&P 500 Energy Suspended or Reduced Dividend Payments Announced that during its regularly-scheduled meeting, the Board of Directors elected to suspend the Company’s quarterly dividend until further notice
Hess Corporation $4,543 Public: S&P 500 Energy Annual Incentive Plan Changes Reducing E&P capital and exploratory budget for 2020 by 37% to $1.9 billion. Reduced the maximum payout under the Annual Incentive Plan from 200% to 50% of target. Approved adjustments to weightings and targets for certain annual enterprise-level metrics to reflect the Company’s shift in priorities given the economic crisis
Devon Energy Corporation $4,503 Public: S&P 500 Energy Executives: Reduced CEO Base Salary Implemented executive pay reductions
Devon Energy Corporation $4,503 Public: S&P 500 Energy Executives: Reduced Other Executive Base Salary Implemented executive pay reductions
Devon Energy Corporation $4,503 Public: S&P 500 Energy Board of Directors: Reduced Pay Implemented pay reductions
Devon Energy Corporation $4,503 Public: S&P 500 Energy Suspended Buyback Program Devon has suspended its share repurchase program to preserve liquidity in light of the COVID-19 pandemic
Apache Corporation $4,308 Public: S&P 500 Energy Suspended or Reduced Dividend Payments Reduced quarterly dividend 90%, effective for all dividends payable after March 12
Marathon Oil Corporation $3,122 Public: S&P 500 Energy Executives: Reduced CEO Base Salary NEOs and certain other members of the Company’s executive leadership team will experience temporary base salary reductions of 10% from May 4 through December 31. The temporarily adjusted base salaries will not be used to calculate annual cash bonus or severance benefits, which are partially or wholly derived based on base salary
Marathon Oil Corporation $3,122 Public: S&P 500 Energy Executives: Reduced Other Executive Base Salary NEOs and certain other members of the Company’s executive leadership team will experience temporary base salary reductions of 10% from May 4 through December 31. The temporarily adjusted base salaries will not be used to calculate annual cash bonus or severance benefits, which are partially or wholly derived based on base salary
Marathon Oil Corporation $3,122 Public: S&P 500 Energy Board of Directors: Reduced Pay Reduction of annual cash retainer fees for non-employee directors of 20% for the third and fourth quarter of 2020
Diamondback Energy, Inc. $2,806 Public: S&P 500 Energy Suspended Buyback Program Company has suspended its previously announced share repurchase program
Walmart Inc. $523,964 Public: S&P 500 Food and Staples Retailing Non-Executives: Guaranteed Pay Continuity Employees will receive two weeks of pay in event of store closure or if they contract the virus or are required to quarantine due to the virus
Walmart Inc. $523,964 Public: S&P 500 Food and Staples Retailing Non-Executives: One-Time Bonus Granted $300 for all full-time and $150 for all part-time store associates in March. The next scheduled quarterly bonus will be paid a month early. Announced May 12 that the company plans to provide another special cash bonus for all U.S. hourly associates; The bonus will be $300 for full-time hourly associates and $150 for part-time hourly and temporary associates
Walmart Inc. $523,964 Public: S&P 500 Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees On March 19, increased wages by $2 per hour through Memorial Day for its entry level employees in its e-commerce warehouses. Extended the end date from May 25 to July 3
Walmart Inc. $523,964 Public: S&P 500 Food and Staples Retailing Expanded Workforce Company plans to partner with 70 other organizations to hire 200,000 additional employees by the end of May
Walmart Inc. $523,964 Public: S&P 500 Food and Staples Retailing Expanded Benefits Programs Employees diagnosed with COVID-19 or placed in quarantine will receive up to two weeks of pay. If they’re not able to return to work after that time, additional pay replacement may be provided for up to 26 weeks for both full-time and part-time hourly associates
Costco Wholesale Corporation $166,761 Public: S&P 500 Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Additional $2 per hour for hourly employees during the five-week period starting March 2. Also increased overtime pay
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – To recognize the extraordinary efforts of our teams during fiscal 2020, the Compensation and Leadership Performance Committee decided to consider an average of the pre-COVID results for the first six months of fiscal 2020 and the results of the balanced scorecard for the final six months of fiscal 2020, resulting in a payment of 84% of target, while Company performance for full year fiscal 2020 would have resulted in no MIP payout due to the impact of COVID-19 during the last six months of fiscal 2020
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Reviewed progress against the performance goals considering performance through the pre-COVID period through the end of February 2020 (the first thirty months of the thirty-six-month performance period or “Pre-COVID”) as well as the performance in the last six months of the performance period that was impacted by COVID-19. Projected performance based on the Company’s performance pre-COVID would have resulted in a Performance Share payout at 101.7%, while Company performance for the full performance period would have resulted in no Performance Share payout; Revised Go Forward Incentive Plan – For fiscal 2021, changed LTI metrics to 70% EPS growth based on three one-year growth targets with a simple average of the three years and 30% Revenue Growth based on three one-year growth targets with a simple average of the three years from 100% Cumulative EPS over a three-year performance period
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Executives: Reduced CEO Incentive Compensation The CEO requested that the Compensation and Leadership Performance Committee not grant him any long-term equity incentive awards (or any other direct compensation) in fiscal 2021. Accordingly, Mr. Pessina did not participate in the November 2021 long-term equity incentive grants
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Non-Executives: Guaranteed Pay Continuity Ensuring that if a store, area office, distribution center or other company workplace location falls under a mandated quarantine, any impacted team members will be paid for their absence without requiring the use of PTO
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Non-Executives: One-Time Bonus Awarding a one-time bonus for hourly workers in stores and distribution centers, beginning in late April for team members who are actively employed at that time
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Expanded Workforce Will hire more than 9,500 existing full- and part-time and temporary roles in stores across the U.S., including customer service associates, pharmacy technicians and shift leads
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Furlough of Employees Implemented furloughs both domestically and internationally
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Suspended Buyback Program The company announced that it was suspending activity under its share repurchase program
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Expanded Benefits Programs Paying team members for up to the first two weeks of their absence if they contract a confirmed case of COVID-19. The team member will not be required to use paid time off (PTO) or vacation time, and/or apply for disability benefits during this time
Walgreens Boots Alliance, Inc. $139,537 Public: S&P 500 Food and Staples Retailing Executives: Suspended Raises and/or Bonuses For fiscal 2021, the Compensation and Leadership Performance Committee did not increase the salary of any of the Company’s named executive officers in light of the impact of COVID-19 on our business and the uncertainty of its future impact
The Kroger Co. $122,286 Public: S&P 500 Food and Staples Retailing Non-Executives: One-Time Bonus Granted $300 for all full-time and $150 for all part-time store associates. One-time Thank You Pay, which will be $400 for qualified full-time associates and $200 for qualified part-time associates, will be paid out in two installments on May 30 and June 18
The Kroger Co. $122,286 Public: S&P 500 Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Provide a $2.00/hour increase for to all associates for all hours worked, effective March 29 through May 16, but announced a one-time bonus when hazard pay expired
The Kroger Co. $122,286 Public: S&P 500 Food and Staples Retailing Expanded Workforce Plans to hire an additional 20,000 workers
The Kroger Co. $122,286 Public: S&P 500 Food and Staples Retailing Suspended Buyback Program Suspended share buybacks
The Kroger Co. $122,286 Public: S&P 500 Food and Staples Retailing Expanded Benefits Programs Expanded paid sick leave to workers diagnosed with coronavirus or under mandatory quarantine
Sysco Corporation $52,893 Public: S&P 500 Food and Staples Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – Discretionary increase to the 2020 strategic bonus objectives in recognition of significant efforts managing the Company through the pandemic; Bifurcated fiscal 2021 into two discreet performance periods; The Committee granted STIP awards to the executive officers with respect to the first half of the year and expects to grant bonus awards for the second of the year prior to the end of the first period; Incentive payments for the first half will be based: 25% on market share growth, 25% on operations productivity; and 50% on the participant’s progress with strategic objectives; The maximum 2021 payout of 150% represents a reduction from the 200% maximum under the 2020 program; The Committee expects to return to its historical grant practices for fiscal 2022.
Sysco Corporation $52,893 Public: S&P 500 Food and Staples Retailing Long-Term Incentive Plan Changes 2021 LTI awards consist of PSUs (50%), stock options (30%), and RSUs (20%); 2021 PSUs have a 2-year performance period that will be based on strategic performance targets of cost reduction, market share growth, and digital commerce, subject to a modifier tied to the Company’s TSR; The Committee expects to return to its historical grant practices for fiscal 2022
Sysco Corporation $52,893 Public: S&P 500 Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Additional pay for our front-line essential workers
Sysco Corporation $52,893 Public: S&P 500 Food and Staples Retailing Furlough of Employees Furloughed employees were temporarily hired by Kroger for 30 days. Sysco said it would continue to pay benefits to its non-union employees who are furloughed
Sysco Corporation $52,893 Public: S&P 500 Food and Staples Retailing Suspended Buyback Program Suspended its share buyback program
PepsiCo, Inc. $70,372 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Guaranteed Pay Continuity Committed to compensate employees if a facility closes 100% of pay for up to 12 weeks
PepsiCo, Inc. $70,372 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Increased certain employees’ pay by at least $100 a week for the month of April
PepsiCo, Inc. $70,372 Public: S&P 500 Food, Beverage and Tobacco Expanded Workforce Plan to hire 6,000 permanent workers over the coming months
PepsiCo, Inc. $70,372 Public: S&P 500 Food, Beverage and Tobacco Expanded Benefits Programs Employees will receive an additional 2 weeks paid leave for coronavirus-related absences and childcare assistance equal to at least two-thirds of their pay for up to 10 weeks or a $100 daily reimbursement if they have children enrolled in closed schools. Additionally, in April and May, The PepsiCo Foundation is offering a two-to-one matching program for all employee charitable contributions to select nonprofits providing COVID-19 relief globally
Archer-Daniels-Midland Company $64,355 Public: S&P 500 Food, Beverage and Tobacco Furlough of Employees Closed its 90-employee corn ethanol plant for at least four months. Workers will get medical benefits during the furloughs
Tyson Foods, Inc. $43,185 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: One-Time Bonus Company will pay $1,000 bonuses to approximately 116,000 domestic frontline employees, totaling roughly $120 million, with half anticipated to be ship in May and half in July
Tyson Foods, Inc. $43,185 Public: S&P 500 Food, Beverage and Tobacco Expanded Benefits Programs Implementing changes to help hourly team members, including: Eliminating any punitive effect for missing work due to illness; Waiving the 5 consecutive day waiting period for Short Term Disability benefits; Waiving the co-pay, co-insurance and deductible for doctor visits for COVID-19 testing as well as eliminating pre-approval or preauthorization steps; Waiving co-pays for the use of telemedicine; Relaxing refill limits for 30 day prescriptions of maintenance medication
Tyson Foods, Inc. $43,185 Public: S&P 500 Food, Beverage and Tobacco Other The Compensation Committee determined that participants in the Executive Incentive Plan, including the NEOs, should receive additional incentive compensation to recognize their extraordinary efforts during an unprecedented time. Accordingly, the participants in the Executive Incentive Plan, including the NEOs, received an additional grant of restricted stock units (“RSU”). The value of the additional RSU grant approximated the decreased payout under the Executive Incentive Plan from the impact of the direct incremental expenses related to COVID-19. The RSUs vest in two annual installments subject to the NEO’s continued employment through the applicable vesting dates. With respect to the Company’s separate broad-based annual incentive program, the direct incremental expenses related to COVID-19 were deemed extraordinary and unusual and therefore were excluded from Adjusted Operating Income, which increased the cash payout under that program
Mondelez International, Inc. $26,581 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Sales representatives will also a bonus of $125 per week. Increased hourly wages by $2 through May 2 for distribution, manufacturing and sales workers
Mondelez International, Inc. $26,581 Public: S&P 500 Food, Beverage and Tobacco Expanded Workforce Plans to add 1,000 distribution and sales workers to the roster in the coming months
Mondelez International, Inc. $26,581 Public: S&P 500 Food, Beverage and Tobacco Suspended Buyback Program Suspended the share repurchase program in March
Mondelez International, Inc. $26,581 Public: S&P 500 Food, Beverage and Tobacco Expanded Benefits Programs Any workers impacted by the coronavirus outbreak will receive two additional weeks of paid leave
The Kraft Heinz Company $26,185 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees $100 per week factory worker stipend during pandemic in the U.S., Canada and Europe
The Kraft Heinz Company $26,185 Public: S&P 500 Food, Beverage and Tobacco Expanded Benefits Programs Employees required to quarantine will receive short-term disability benefits with waived waiting periods, waiver of co-pays for coronavirus medical care, and $100 weekly childcare subsidy for workers in districts where schools have closed
Altria Group, Inc. $20,841 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Guaranteed Pay Continuity During shutdown all employees will be paid; additional pay will be considered down the line (effective 3/20)
Altria Group, Inc. $20,841 Public: S&P 500 Food, Beverage and Tobacco Suspended Buyback Program To save cash, its board also decided to rescind its $1 billion share buyback program that had $500 million remaining
General Mills, Inc. $17,627 Public: S&P 500 Food, Beverage and Tobacco Expanded Benefits Programs Additional $500 match for employees who participate in charitable gift matching program. Paid leave policies and bonus plans for certain production employees
Conagra Brands, Inc. $11,054 Public: S&P 500 Food, Beverage and Tobacco Annual Incentive Plan Changes Reallocated approximately 3.2 points of the funded bonus pool toward greater individual recognition of employees who worked most directly on the company’s COVID-19 response, and to fund the pool at 135% of target for the balance of the AIP eligible population
Conagra Brands, Inc. $11,054 Public: S&P 500 Food, Beverage and Tobacco Long-Term Incentive Plan Changes Revised go forward incentive plan – In connection with the implementation of the fiscal 2021 – 2023 cycle of the performance share plan (approved in July 2020), adopted a staged approach to goal setting. As will be more fully described in the company’s fiscal 2021 proxy statement, program payouts for the fiscal 2021 to 2023 PSP will ultimately be based on the company’s performance versus a one-year EPS growth target (fiscal 2021) and a yet-to-be approved two-year target (covering fiscal 2022 to 2023)
Conagra Brands, Inc. $11,054 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: One-Time Bonus Full-time employees on April 3 in the U.S. will receive a $500 bonus and part-time employees will receive a $250 bonus, with similar amounts provided to employees in Canada and Mexico as a result of negotiations with the UFCW
Molson Coors Beverage Company $9,654 Public: S&P 500 Food, Beverage and Tobacco Suspended or Reduced Dividend Payments Suspended dividend on May 21 for the remainder of 2020
Hormel Foods Corporation $9,608 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: One-Time Bonus The company announced, April 23rd, an additional special bonus including $500 for full-time team members and $150 for part-time team members. Full- and part-time plant production employees will receive $300 bonus for working during crisis
Hormel Foods Corporation $9,608 Public: S&P 500 Food, Beverage and Tobacco Furlough of Employees Fontanini Foods, a unit of Hormel Foods Corp., announced the company will furlough nearly 150 of its 500 workers until business at the company improves. All affected team members will continue to receive company health benefits during the furlough
Campbell Soup Company $8,691 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees All production line employees are receiving an additional $2 per hour, and frontline supervisors an extra $100 each week
Campbell Soup Company $8,691 Public: S&P 500 Food, Beverage and Tobacco Expanded Workforce The Company is hiring additional workers to meet increased demand
The J. M. Smucker Company $7,801 Public: S&P 500 Food, Beverage and Tobacco Annual Incentive Plan Changes Revised go forward incentive plan – Introduced net sales as a modifier to adjusted operating income results for the short-term incentive compensation program for fiscal year 2021 to give the Compensation Committee discretion to modify payouts based on achievement of net sales compared to target
The J. M. Smucker Company $7,801 Public: S&P 500 Food, Beverage and Tobacco Long-Term Incentive Plan Changes Revised go forward incentive plan – Delayed setting the three-year performance targets for the long-term incentive compensation program for fiscal year 2021 until August 2020
The J. M. Smucker Company $7,801 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Guaranteed Pay Continuity 12 weeks of full pay and benefits continuation for employees whose manufacturing or distribution facility is closed or whose roles cannot be performed due to the COVID-19 situation
The J. M. Smucker Company $7,801 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: One-Time Bonus All employees will receive $1,500
The J. M. Smucker Company $7,801 Public: S&P 500 Food, Beverage and Tobacco Expanded Benefits Programs Paid sick leave (14 days) will be provided to individuals who must be absent from work to care for dependents or household members who test positive for COVID-19
The J. M. Smucker Company $7,801 Public: S&P 500 Food, Beverage and Tobacco Executives: Suspended Raises and/or Bonuses Due to the economic uncertainty caused by the COVID-19 pandemic, our management recommended, and the Compensation Committee approved, not providing executive officers, including the Executive Chairman and the Chief Executive Officer, with salary increases for fiscal year 2021
McCormick & Company, Incorporated $5,601 Public: S&P 500 Food, Beverage and Tobacco Annual Incentive Plan Changes The Compensation and Human Capital Committee agreed with management that adjusted EPS should exclude the impact of special charges and transaction and integration expenses, consistent with prior years. In addition, for fiscal 2020, the Committee excluded additional integration expenses associated with the pause in implementing the Company’s global enterprise resource planning replacement program as this pause was due to the COVID-19 pandemic. The Committee made these adjustments for compensation purposes as it does not want employees to benefit from or be penalized for factors outside of their control.
Lamb Weston Holdings, Inc. $3,792 Public: S&P 500 Food, Beverage and Tobacco Annual Incentive Plan Changes Revised current, in-process incentive plan – Determined that a pro-rated payout based on performance over the first three fiscal quarters of fiscal 2020 (rather than payout at 0% based on results for the full fiscal year was appropriate in order to (i) reward our management team members for their performance during the first three fiscal quarters, when we were on track to essentially meet or exceed all of our financial targets for fiscal 2020
Lamb Weston Holdings, Inc. $3,792 Public: S&P 500 Food, Beverage and Tobacco Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Approved a similar approach for the Company’s fiscal 2020 performance share awards (“PSAs”) as the annual incentive plan, electing to recognize the Company’s performance achieved during the period before our business was negatively impacted by the effects of the COVID-19 pandemic, or our first three fiscal quarters, and then prorating the target award opportunity by three-fourths (i.e., 75% of target) to reflect the condensed period for which performance was evaluated for the first year of the three-year performance period
Lamb Weston Holdings, Inc. $3,792 Public: S&P 500 Food, Beverage and Tobacco Non-Executives: Suspended Raises and/or Bonuses The Compensation Committee is not making any adjustments to target compensation levels for fiscal 2021
Lamb Weston Holdings, Inc. $3,792 Public: S&P 500 Food, Beverage and Tobacco Suspended Buyback Program Company has temporarily suspended share repurchases; resumed share repurchases
Lamb Weston Holdings, Inc. $3,792 Public: S&P 500 Food, Beverage and Tobacco Executives: Suspended Raises and/or Bonuses The Compensation Committee is not making any adjustments to target compensation levels for fiscal 2021
CVS Health Corporation $267,908 Public: S&P 500 Health Care Equipment and Services Non-Executives: One-Time Bonus Bonuses will range from $150 to $500 and will be awarded to pharmacists and certain other health care professionals on the frontlines, store associates and managers, and other site-based hourly employees
CVS Health Corporation $267,908 Public: S&P 500 Health Care Equipment and Services Expanded Workforce In March committed to hiring 50,000 additional full-time, part-time, and temporary roles; over 60,000 hires as of September 1
CVS Health Corporation $267,908 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs Made 24 hours of paid sick leave available to part-time employees, in addition to 14 days of paid leave for employees that test positive for COVID-19. Will match up to $1 million in employee contributions to the CVS Health Employee Relief Fund
UnitedHealth Group Incorporated $257,141 Public: S&P 500 Health Care Equipment and Services Non-Executives: Guaranteed Pay Continuity The Company will continue to pay employees their regular hourly rate/salary fore regularly scheduled hours for periods during which employees are under a mandatory quarantine
UnitedHealth Group Incorporated $257,141 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs The Company will not require employees to take Paid Time Off (PTO) or a leave of absence if they are scheduled to work after being diagnosed with COVID-19 and are subject to a quarantine
McKesson Corporation $231,051 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary In addition, on May 15, 2020 the Compensation Committee implemented a temporary base salary reduction of 10% for all our executive officers, including our NEOs, and business unit presidents to be effective June 1, 2020
McKesson Corporation $231,051 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Incentive Compensation Reduced FY 2020 bonus payouts for our executive officers by 16%
McKesson Corporation $231,051 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary In addition, on May 15, 2020 the Compensation Committee implemented a temporary base salary reduction of 10% for all our executive officers, including our NEOs, and business unit presidents to be effective June 1, 2020
McKesson Corporation $231,051 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Incentive Reduced FY 2020 bonus payouts for our executive officers by 16%
McKesson Corporation $231,051 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay On June 3, 2020, in light of the disruption and uncertainty created by the evolving COVID-19 pandemic, the Board voluntarily agreed to a 10% reduction in their cash retainers (including the annual cash retainers, Board Chair cash retainer and committee chair retainers) for the last six months of calendar year 2020
McKesson Corporation $231,051 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs We also expanded temporary employee benefits and incentives targeted for our front-line employees to not only protect their safety, but to provide further support including additional medical benefits, emergency leave as well as added compensation.
AmerisourceBergen Corporation $189,894 Public: S&P 500 Health Care Equipment and Services Non-Executives: One-Time Bonus One-time special bonus at year-end for more than 15,000 associates globally
AmerisourceBergen Corporation $189,894 Public: S&P 500 Health Care Equipment and Services Non-Executives: Additional Payments for On-Site Employees The Company announced weekly bonuses for frontline associates
AmerisourceBergen Corporation $189,894 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs The Company enhanced paid time-off for associates needing to quarantine or care for family members
Cigna Corporation $160,550 Public: S&P 500 Health Care Equipment and Services Non-Executives: Additional Payments for On-Site Employees U.S.-based employees with worksite-essential roles receive a 20% pay premium with no defined end date
Cigna Corporation $160,550 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs Giving 10 days (80 hours) of emergency paid time off for colleagues for COVID-19 related absences through 2020. This additional time off applies to all full-time benefits-eligible employees
Cardinal Health, Inc. $152,922 Public: S&P 500 Health Care Equipment and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – For the fiscal 2020 – 2022 PSU performance cycle, changed approach to setting adjusted non-GAAP EPS goals and added new strategic measures for cost savings and culture. The EPS goal is a three-year cumulative goal. When it made the change, the Committee viewed it as temporary
Cardinal Health, Inc. $152,922 Public: S&P 500 Health Care Equipment and Services Non-Executives: Additional Payments for On-Site Employees Provided additional compensation to our frontline teams to demonstrate our gratitude for their unwavering commitment to our customers and to public health
Cardinal Health, Inc. $152,922 Public: S&P 500 Health Care Equipment and Services Executives: Suspended Raises and/or Bonuses Decided that employees at the Vice President level and above (including our named executives) will not receive base salary increases, while non-supervisory (including frontline) employees will receive standard merit base salary increases
Anthem, Inc. $121,868 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program Temporarily suspended share repurchase program given the market volatility
Anthem, Inc. $121,868 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs We have expanded our employee benefits to provide additional support, including up to 80 hours of paid emergency leave if employees are experiencing symptoms of COVID-19 or carrying for young children whose schools have been closed. We are also expanding the use of sick time to include caregiving related to COVID-19
Centene Corporation $104,176 Public: S&P 500 Health Care Equipment and Services Non-Executives: One-Time Bonus One-time payment of $750 to employees in a small number of critical functions which are performed on-site
Centene Corporation $104,176 Public: S&P 500 Health Care Equipment and Services Expanded Workforce Looking to fill nearly 2,000 open roles
Centene Corporation $104,176 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs Provide up to three months paid leave for clinical staff who choose to join a medical reserve force
Humana Inc. $77,155 Public: S&P 500 Health Care Equipment and Services Non-Executives: Additional Payments for On-Site Employees The Company is providing $5 million in one-time payments to front-line production employees
HCA Healthcare, Inc. $51,533 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO will donate 100% of April and May salary to a fund intended to help employees
HCA Healthcare, Inc. $51,533 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO and executive officer salaries reduced 30% for the period from April 1, 2020 through May 31, 2020
HCA Healthcare, Inc. $51,533 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Cash compensation retainers reduced 100% April 1 through December 31
HCA Healthcare, Inc. $51,533 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program On April 21, the company announced it has suspended the share repurchase program
HCA Healthcare, Inc. $51,533 Public: S&P 500 Health Care Equipment and Services Suspended or Reduced Dividend Payments On April 21, the company announced it has suspended cash dividends
Medtronic plc $28,913 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes Funded annual incentive plan at 82.8% of target instead of 75.2% for the year for all 63,000 employees in the plan except for our most senior leaders including the NEOs. This payout was calculated based on our performance against our financial goals through the first three quarters of fiscal 2020 weighted 75%, and a zero payout for the fourth quarter weighted 25%. For our most senior leaders, including our NEOs, the Committee did not award an annual cash incentive for the year
Medtronic plc $28,913 Public: S&P 500 Health Care Equipment and Services Executives: Granted Discretionary Award The Committee decided to make a special, one-time grant of unvested stock options in August 2020 to align pay with the performance delivered to our stockholders as our business recovers from the pandemic. These stock options have a ten-year term and vest over four years in equal increments of 25% per year beginning one year after the date of grant. Award values range from $620K to $2.5M
Medtronic plc $28,913 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Incentive Compensation For our most senior leaders, including our NEOs, the Committee reduced annual cash 100%
Medtronic plc $28,913 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Incentive For our most senior leaders, including our NEOs, the Committee reduced annual cash 100%
Medtronic plc $28,913 Public: S&P 500 Health Care Equipment and Services Non-Executives: Guaranteed Pay Continuity In recognition of the challenging sales environment, the company has instituted measures to help protect field employees from significant impacts to their incentive compensation
Medtronic plc $28,913 Public: S&P 500 Health Care Equipment and Services Non-Executives: One-Time Bonus Monetary awards for business-critical employees who must report to a Medtronic facility to continue manufacturing and distributing products to the healthcare systems and patients who need them
Medtronic plc $28,913 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs Emergency Leave Pay Policy, which allows employees whose roles cannot be performed remotely – and who face certain situations such as quarantine, home schooling, childcare issues, or a positive COVID-19 diagnosis – to receive up to 30 days of pay
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Exercised discretion to adjust awards to 75% of payout for most NEOs from the 18% funding that would have resulted under the PIP funding formula
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Executives: Granted Discretionary Award Granted a special, one-time grant of SARs in fiscal 2021 to associates who received the 2018 or 2019 Performance Units, including each NEO. Even though the CEO received the 2017 and 2018 Performance Unit grants, the Committee agreed with his decision to forego receipt of the additional one-time award. Recognizing that the lower value of these awards was not solely related to COVID-19 and because the Compensation Committee did not want to fully protect associates from the impact of the pandemic, the value of the one-time SAR award was limited to 50% of the decline in the value of the 2018 and 2019 Performance Unit awards. No changes were made to the performance targets of any in-flight Performance Unit awards
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced 40% for a period of 90 days
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Executive Chairman Pay Executive Chairman salary reduced 40% for a period of 90 days
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Other NEOs’ salaries were reduced 20% for a period of 90 days
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Our Board of Directors also reduced its cash retainer by 40% for a period of 90 days
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Suspended 401(k) Match We suspended BD matching contributions under our savings plans
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Furlough of Employees Temporary furloughs (with full benefits) were instituted due to lower demand for certain product lines. Preserved full access to healthcare benefits for impacted associates
Becton, Dickinson and Company $17,117 Public: S&P 500 Health Care Equipment and Services Executives: Suspended Raises and/or Bonuses No salaries increases for Executives
Stryker Corporation $14,351 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary Effective May 1, 2020, Stryker’s Chief Executive Officer, will receive a 50% reduction in base salary until the board deems it appropriate to restore full base salaries
Stryker Corporation $14,351 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Effective May 1, 2020, the other named executive officers will receive between a 20% to 30% reduction in base salary until the board deems it appropriate to restore full compensation
Stryker Corporation $14,351 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Effective May 1, 2020 until such time as the board may determine in its discretion, each non-employee member of the Board will forego 50% of his or her cash retainer fees payable for Board service
Stryker Corporation $14,351 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program In the three months 2020 we did not repurchase any shares of our common stock under our authorized repurchase program. As previously announced we intend to suspend our share repurchase program for 2020 and 2021.
Laboratory Corporation of America Holdings $13,979 Public: S&P 500 Health Care Equipment and Services Non-Executives: Suspended Raises and/or Bonuses The Company is also taking actions regarding its workforce including delaying hiring; and suspending discretionary merit adjustment for all employees
Laboratory Corporation of America Holdings $13,979 Public: S&P 500 Health Care Equipment and Services Suspended 401(k) Match The Company is also taking actions regarding its workforce including suspending 401(k) contributions for all U.S. employees
Laboratory Corporation of America Holdings $13,979 Public: S&P 500 Health Care Equipment and Services Reduced Workforce The Company is also taking actions regarding its workforce including reducing temporary and contract workers, intern positions, and overtime
Laboratory Corporation of America Holdings $13,979 Public: S&P 500 Health Care Equipment and Services Furlough of Employees The Company is also taking actions regarding its workforce including implementing furloughs
Laboratory Corporation of America Holdings $13,979 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program Some of these actions include temporarily suspending its share repurchase program
Laboratory Corporation of America Holdings $13,979 Public: S&P 500 Health Care Equipment and Services Executives: Suspended Raises and/or Bonuses The Company is also taking actions regarding its workforce including delaying hiring; and suspending discretionary merit adjustment for all employees
Baxter International Inc. $11,673 Public: S&P 500 Health Care Equipment and Services Expanded Workforce Hiring up to 2,000 new employees globally – 800 to join Baxter’s U.S. operations
DaVita Inc. $11,551 Public: S&P 500 Health Care Equipment and Services Non-Executives: Additional Payments for On-Site Employees Giving U.S. employees an extra $100 each week (approximately 55,000 employees) through May 2 originally. Extended relief reimbursements through May 30
DaVita Inc. $11,551 Public: S&P 500 Health Care Equipment and Services Expanded Benefits Programs Increasing back-up child care, modified sick leave policies and financial assistance to employees
Universal Health Services, Inc. $11,368 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced 100% June 1 to July 31. Funds generated will be donated
Universal Health Services, Inc. $11,368 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO salaries reduced 20% for three months of June 1 to August 31. Funds generated from the base salary reductions will be donated
Universal Health Services, Inc. $11,368 Public: S&P 500 Health Care Equipment and Services Non-Executives: Reduced Pay Base salaries of all non-executive officers , and certain other members of the senior management team, will be reduced during the three-month period of June 1 through August 31, by various percentages ranging from 20% to 5%. Funds generated from the base salary reductions will be donated
Universal Health Services, Inc. $11,368 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program Announced April 27 that it has suspended its stock buybacks
Universal Health Services, Inc. $11,368 Public: S&P 500 Health Care Equipment and Services Suspended or Reduced Dividend Payments Announced April 27 that it has suspended payment of quarterly dividends
Henry Schein, Inc. $10,119 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes Effective August 11, 2020, the Compensation Committee suspended the Performance Incentive Plan (“PIP”) for the Company’s 2020 fiscal year with respect to all U.S. participants and certain non-U.S. participants and canceled any corresponding PIP awards relating to the 2020 Year in their entirety. Effective as of July 1, 2020, the Compensation Committee also adopted the Henry Schein, Inc. 2020 Recovery Performance Plan (the “RPP”) to replace and supersede the PIP with respect to the 2020 Year for such participants. The RPP provides pay for performance incentive compensation to the Company’s employees, including the Company’s named executive officers, and is designed to reward them for their contributions to the Company consistent with the Company’s business recovery strategy and enable the Company to continue to attract and retain highly qualified employees. Under the RPP, the Compensation Committee will designate participants in the RPP and will establish Company-wide, functional area/business unit-level, and individual performance measures and goals for the earning of bonuses based on a performance period commencing on July 1, 2020, and ending on December 26, 2020, provided that the outcome at the time that the goals are set is substantially uncertain to be achieved. The Compensation Committee may subsequently adjust the performance goals to take into account such unanticipated circumstances or significant events as the Compensation Committee determines in its sole discretion. It is expected that the individual bonus target amount for each named executive officer will be materially less than the individual bonus target amount set under the PIP for the 2020 Year.
Henry Schein, Inc. $10,119 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary Chairman & CEO salary reduced by 100% until June 30, 2020; As of June 22, the Chairman & CEO has agreed to extend his prior agreement to a temporary reduction of 100% of his base salary through the end of the Company’s fourth fiscal quarter
Henry Schein, Inc. $10,119 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEOs salaries reduced by 50% until June 30, 2020. Directors’ through SVPs’ salaries reduced by 10% to 25% until June 30, 2020; CFO and each of the other three most highly paid executive officers will continue to experience temporary salary reductions, but at a level of 37.5% from June 29, 2020, until a later date to be determined by the Committee, members of the Company’s Executive Management Committee other than our Named Executive Officers will have their salaries reduced by 18.75% during the same period, and the Company’s members of management holding the title of Vice President will have their salaries reduced by 7.5% during the same period
Henry Schein, Inc. $10,119 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Non-employee directors have agreed to reduce cash retainer by 25% April 6 through June 30; The Company’s Board has agreed to a reduction of 18.75% of its non-employee directors’ cash retainer during the same period (in lieu of the 25% reduction that applied during the Prior Period)
Henry Schein, Inc. $10,119 Public: S&P 500 Health Care Equipment and Services Furlough of Employees Furloughing large portion of employees
Henry Schein, Inc. $10,119 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program In March 2020, Henry Schein temporarily suspended its share repurchase program
Boston Scientific Corporation $9,913 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO will completely forgo his base salary, other than payments necessary to retain his benefits, resulting in a 99% reduction in his base salary; announced August 3, 2020 the CEO will continue the 99% reduction in his salary, receiving only payments necessary to retain his benefits, for the six month period through October 11, 2020
Boston Scientific Corporation $9,913 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary CFO and other NEOs will be taking a 50% reduction in base salary for up to 6 months; On August 3, 2020, the Company announced the base salary reductions for the Company’s executive officers would terminate in August 2020 following a four-month period of reduced base salaries
Boston Scientific Corporation $9,913 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Annual cash retainer temporarily reduced 50% for 1 year. That 50% payment will be made in 2021. In the event that a director elected to receive equity in lieu of the annual cash retainer, such grant will occur in the ordinary course but will be reduced 50%; On September 30, 2020, the Board determined that, due to stronger business results compared with the Company’s prior expectations, the annual cash retainer for the Board will be restored, beginning with a payment expected to be made during the fourth quarter of 2020. As a result, the aggregate annual cash retainer for the Board will be 67%, rather than 50%, of the previously approved amount for the 2020 term.
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes Revised go forward incentive plan – New additional goals for 2020 to support its pandemic response plan (testing, capacity, deployment, coordination, etc.)
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced by 25% for 12 weeks
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Executive salaries will be cut by 20% for 12 weeks
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Cash retainer fees for the board have been reduced by 25% for 12 weeks
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Non-Executives: Reduced Pay Salary cuts for employees range from 5% to 20% depending on level. Overtime pay has also been reduced
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Suspended 401(k) Match Company has suspended 401(k) match program and Supplemental Deferred Compensation plans
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Reduced Workforce Dismissed temporary and contract workers
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Furlough of Employees Furloughed 9% of workforce and will continues to provide employee benefits and cover employee contributions
Quest Diagnostics Incorporated $9,437 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program Company has temporarily suspended additional share repurchases under the existing authorization through the end of 2020. The share repurchase authorization has no set expiration or termination date
Zimmer Biomet Holdings, Inc. $7,025 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO will temporarily forgo 100% of salary until such time as the Committee may determine in its discretion; On June 26, 2020, the Committee approved the reinstatement of the NEOs’ base salaries to their respective pre-reduction levels. In addition, the Committee approved the payment in cash of an amount to each NEO equal to the amount of base salary that such NEO gave up during the reduction period, which amount will be payable in a lump sum to each NEO on the next regular payroll payment date
Zimmer Biomet Holdings, Inc. $7,025 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEOs will temporarily reduce their base salaries 25% until such time as the Committee may determine in its discretion; On June 26, 2020, the Committee approved the reinstatement of the NEOs’ base salaries to their respective pre-reduction levels. In addition, the Committee approved the payment in cash of an amount to each NEO equal to the amount of base salary that such NEO gave up during the reduction period, which amount will be payable in a lump sum to each NEO on the next regular payroll payment date
Zimmer Biomet Holdings, Inc. $7,025 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Each non-employee director will temporarily forgo 100% of his or her cash retainer for serving on the Board, which cash retainer is paid quarterly on the last day of each quarter, until such time as the Board may determine in its discretion; On June 26, 2020, the Board approved the reinstatement of the non-employee directors’ cash retainer
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Executives: Granted Discretionary Award For fiscal 2020, $500k cash bonus paid to the Division President, Diagnostics in recognition of his outstanding leadership and performance during the COVID-19 pandemic as the leader of our Diagnostics Division
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduced CEO compensation by 50% for three months; As of the end of the third quarter of fiscal 2020, substantially all of the Company’s employee cost-cutting measures ceased, and the majority of the impacted manufacturing facilities are back to pre-COVID levels; repaid and compensated employees for reduced pay
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Reduced Global Leadership Team compensation by 25% for three months; As of the end of the third quarter of fiscal 2020, substantially all of the Company’s employee cost-cutting measures ceased, and the majority of the impacted manufacturing facilities are back to pre-COVID levels; repaid and compensated employees for reduced pay
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Reduced Board of Directors compensation by 50% for three months; approved repayment of third quarter retainer in November 2020
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Non-Executives: Reduced Pay Reduced compensation by 10% for other levels for three months; As of the end of the third quarter of fiscal 2020, substantially all of the Company’s employee cost-cutting measures ceased, and the majority of the impacted manufacturing facilities are back to pre-COVID levels; repaid and compensated employees for reduced pay
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Non-Executives: One-Time Bonus Life-enhancing bonuses were provided to our frontline workers across our global manufacturing, field service and sales organizations.
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Reduced Workforce Terminated portion of workforce
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Furlough of Employees Implemented employee furlough program; repaid and compensated employees for reduced pay and furloughs
Hologic, Inc. $3,776 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program Suspended buyback activities in March
DENTSPLY SIRONA Inc. $3,371 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes The HR Committee determined that the performance targets in the Prior Plan were no longer appropriate to properly motivate its key executives to achieve the Company’s goals and objectives. The Revised Plan focuses on incentivizing executives to find opportunities to reduce the Company’s expenses through restructuring and other cost-cutting measures and to implement certain key growth initiatives to position the Company to achieve its objectives in 2021 and beyond. The Revised Plan provides for potential cash incentive payments based on achievement of performance criteria during the third and fourth quarters of 2020. The target payouts as percentages of salary remained consistent with the Prior Plan. However, since the Revised Plan will be based on the performance during the second half of 2020, any payout amounts are prorated for the partial year and will accordingly be 50% of the amounts that could have been earned under the Prior Plan. The funding levels for the achievement of the performance criteria range from 0% to 125% of the second half target payout (0% to 62.5% of the full year target payout), depending on the achievement of such criteria. Under the Prior Plan, the maximum payouts were 200% of the target payout
DENTSPLY SIRONA Inc. $3,371 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO base salary reduced 25% for 90 day period
DENTSPLY SIRONA Inc. $3,371 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO base salaries reduced by 25% for 90 day period
DENTSPLY SIRONA Inc. $3,371 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay The Board has waived 25% of their cash retainer for the remainder of 2020
DENTSPLY SIRONA Inc. $3,371 Public: S&P 500 Health Care Equipment and Services Non-Executives: Reduced Pay Implemented 25% wage reduction for all salaried employees above an unspecified salary threshold
DENTSPLY SIRONA Inc. $3,371 Public: S&P 500 Health Care Equipment and Services Furlough of Employees Announced furloughs due to drop in demand
Varian Medical Systems, Inc. $3,168 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee used discretion in determining the financial results payout percentage in light of the pandemic impact. The actual economic profit results prior to any adjustment for the pandemic impact were at 49%, however results were tracking to 197% payout through the early part of the fiscal year prior to the pandemic impact. The Committee determined it was appropriate to cap the payout for the financial results portion at target and approved funding at 100% of target for the Financial Results portion of MIP for fiscal year 2020. The company bases 20% of the MIP target award opportunity on individual, strategic goals. The goals for fiscal year 2020 were tied to our five strategic business priorities plus another two priorities added mid-year as a result of the COVID-19 pandemic and the announced Merger with Siemens Healthineers. The new COVID-related priority added as a part of the individual strategic goals is to “manage the COVID-19 pandemic impact, balancing needs of our customers, employees and stockholders”
Varian Medical Systems, Inc. $3,168 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary Subsequently, as part of the Company’s cost savings efforts in response to the pandemic, implemented a 20% reduction in the CEO’s salary for the second half of the calendar year from July 2020 through December 2020
Varian Medical Systems, Inc. $3,168 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay 20% reduction in cash fees paid to all members of Varian’s Board of Directors for the second half of calendar year 2020
Varian Medical Systems, Inc. $3,168 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program Paused future buyback
Varian Medical Systems, Inc. $3,168 Public: S&P 500 Health Care Equipment and Services Other In addition to changes made to the MIP, the Committee also considered the factors and funding approved for Varian’s annual cash incentive plans for non-MIP participants below the executive level. In light of the pandemic impact, the Committee approved funding at 100% of target for these non-MIP participants taking into account (1) the Company missing its original fiscal year 2020 financial target set at the beginning of the fiscal year prior to the onset of the pandemic, balanced by (2) exceeding the Company’s revised second half operating earnings forecast and (3) exceeding resiliency goals tied to supporting customers, employees, stockholders and the overall Company performance during the pandemic.
IDEXX Laboratories, Inc. $2,707 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced 30%
IDEXX Laboratories, Inc. $2,707 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Corporate executives will see their pay cut by 20%
IDEXX Laboratories, Inc. $2,707 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Suspending 100% of cash payments to its board of directors
IDEXX Laboratories, Inc. $2,707 Public: S&P 500 Health Care Equipment and Services Non-Executives: Reduced Pay Cutting salaried employees’ wages by 10%
IDEXX Laboratories, Inc. $2,707 Public: S&P 500 Health Care Equipment and Services Suspended 401(k) Match Suspending contributions to 401(k) retirement plans
IDEXX Laboratories, Inc. $2,707 Public: S&P 500 Health Care Equipment and Services Suspended Buyback Program Suspended share repurchase activity
The Cooper Companies, Inc. $2,431 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – 2020 bonus reflected a 100% payout on the discretionary component, weighted at 25% of target, and a 67% payout on the financial component, weighted at 75% of target. Prior to a discretionary adjustment, the financial component would have paid out at 0%. The 75% overall funding approximates what our results would have been when excluding the impact of the Covid-19 pandemic for the months of April and May
Abiomed, Inc. $841 Public: S&P 500 Health Care Equipment and Services Annual Incentive Plan Changes In light of fiscal 2020 performance below historical levels, due partly to external headwinds and the COVID-19 pandemic, determined that it was in the best interest of the Company to reinforce its pay-for-performance culture and used negative discretion to lower final payout amounts
Abiomed, Inc. $841 Public: S&P 500 Health Care Equipment and Services Executives: Reduced CEO Base Salary Salary reduced May 1 to June 30 100%
Abiomed, Inc. $841 Public: S&P 500 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Salary reduced May 1 to June 30 for all NEOs and other executive officers. COO salary reduced 100%. The CFO and other NEOs will take a 50% salary cut for the remainder of the quarter
Abiomed, Inc. $841 Public: S&P 500 Health Care Equipment and Services Board of Directors: Reduced Pay Annual cash retainer will be temporarily reduced 50% May 1 through June 30
Abiomed, Inc. $841 Public: S&P 500 Health Care Equipment and Services Furlough of Employees Non-director employees at Massachusetts and German headquarters will be taking a minimum of one-week furlough or unused vacation
Kimberly-Clark Corporation $19,140 Public: S&P 500 Household and Personal Products Suspended Buyback Program The company is temporarily suspending its share repurchase program effective April 24, 2020 for at least the remainder of the second quarter
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Annual Incentive Plan Changes Revised go forward incentive plan – For the fiscal 2021 AIP the company increased maximum payout to 165% of target (up from 150%), which includes an increase to the Corporate Multiplier maximum to 140% (up from 120%) and a decrease to the Business Unit Multiplier to 118% (down from 125%). The company also suspended the use of ROIC and explicit productivity and inventory measures as performance measures. The company implemented an overall payout floor of 50%, such that any performance that yields a payout of below 50% would result in an overall payout of 50%. Given outstanding individual 2020 performance, granted additional value, in the form of additional amounts to fiscal 2021 annual equity grants, to the NEOs and other executive officers
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Long-Term Incentive Plan Changes Revised go forward incentive plan – The company approved modifications to the PSU design in order to drive increased focus on Net Sales and Diluted EPS. The ROIC performance measure has been removed and the maximum payout has been increased to 175% (from 150%)
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Executives: Granted Discretionary Award Given individual outstanding performance and the impact of COVID-19 on incentive payouts, the company granted additional value, in the form of additional amounts to the annual fiscal 2021 equity grants, to the NEOs and other executive officers, as applicable. While the additional amounts are not intended to, and will not, close the gap on bonus payouts caused by the impacts of COVID-19, the company believes they will further align employees’ and stockholders’ interests on a long-term basis while driving collaboration across the enterprise and recognizing the continued resiliency and creativity of the Company’s employees
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Executives: Reduced CEO Base Salary CEO salary reduced 50% May 1 through October 31
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Executives: Reduced Executive Chairman Pay Executive Chairman salary reduced 50% May 1 through October 31. Chairman Emeritus and Chairman, Clinique Laboratories salaries were reduced 100% for the same period
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Executives: Reduced Other Executive Base Salary For the NEOs, the base salaries for the remainder of the Company’s executive officers are being reduced by 30% effective May 1, 2020 through October 1, 2020
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Board of Directors: Reduced Pay Board will forgo 100% of cash retainers through November 2020
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Non-Executives: Reduced Pay Management salaries reduced 10% to 20%
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Furlough of Employees Unpaid temporary leaves of absence that allow employees to maintain healthcare benefits and access to COVID-19 support where permissible
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Suspended Buyback Program Beginning in early February 2020, the Company also suspended its repurchase of shares of the Company’s Class A Common Stock
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Expanded Benefits Programs The Company established the ELC Cares Employee Relief Fund, funded through contributions from the Company, the Lauder family and employees, to provide immediate and critical financial relief to employees whose lives have been impacted by the pandemic
The Estée Lauder Companies Inc. $14,294 Public: S&P 500 Household and Personal Products Suspended or Reduced Dividend Payments Suspended the next quarterly cash dividend
The Clorox Company $6,721 Public: S&P 500 Household and Personal Products Non-Executives: Additional Payments for On-Site Employees Offered a special incentive for our frontline teams who have been working around the clock to make and ship products to our consumers
Prudential Financial, Inc. $57,091 Public: S&P 500 Insurance Suspended Buyback Program The Company temporarily suspended Common Stock repurchases under the existing repurchase authorization beginning April 1, 2020; however, the Company will continue to evaluate the resumption of share repurchases under the existing Board authorization for 2020
The Allstate Corporation $44,791 Public: S&P 500 Insurance Non-Executives: Guaranteed Pay Continuity Committed to pay full- and part-time employees who can’t work remotely and have shelter-in-place orders
The Allstate Corporation $44,791 Public: S&P 500 Insurance Reduced Workforce Announced in September that the company will cut 3,800 jobs, roughly 8% of its workforce
The Allstate Corporation $44,791 Public: S&P 500 Insurance Expanded Benefits Programs Expanded upon wellbeing services available to U.S. employees
American International Group, Inc. $43,337 Public: S&P 500 Insurance Non-Executives: One-Time Bonus In mid-March, issued a $500 grant to each colleague globally
Chubb Limited $36,052 Public: S&P 500 Insurance Suspended Buyback Program Suspended share buybacks
Chubb Limited $36,052 Public: S&P 500 Insurance Other Committed to not conduct any layoffs
The Travelers Companies, Inc. $31,981 Public: S&P 500 Insurance Expanded Benefits Programs Granting financial aid to employees to establish home offices
Aflac Incorporated $22,147 Public: S&P 500 Insurance Expanded Benefits Programs Additional paid leave for employees and waiving co-pays for employees and dependents covered by medical plan
The Hartford Financial Services Group, Inc. $20,494 Public: S&P 500 Insurance Suspended Buyback Program The Company paused share repurchase activity as it continues to monitor the evolving impacts of COVID-19
Marsh & McLennan Companies, Inc. $17,224 Public: S&P 500 Insurance Expanded Benefits Programs The Company announced that it would not count sick days or vacation days until things return to normal
Marsh & McLennan Companies, Inc. $17,224 Public: S&P 500 Insurance Other The Company promised that no workforce reductions would occur during the pandemic
Principal Financial Group, Inc. $14,742 Public: S&P 500 Insurance Executives: Reduced CEO Base Salary Pay of CEO, 29-member senior leadership team, and directors reduced
Principal Financial Group, Inc. $14,742 Public: S&P 500 Insurance Executives: Reduced Other Executive Base Salary Pay of CEO, 29-member senior leadership team, and directors reduced
Principal Financial Group, Inc. $14,742 Public: S&P 500 Insurance Board of Directors: Reduced Pay Pay of CEO, 29-member senior leadership team, and directors reduced
Principal Financial Group, Inc. $14,742 Public: S&P 500 Insurance Non-Executives: Reduced Pay Cutting salaries for 23% of its global workforce. Pay reductions range from 7.5% to 25% depending on the employee’s role. Did not immediately indicate how long the reductions would last
Unum Group $13,162 Public: S&P 500 Insurance Annual Incentive Plan Changes Revised current, in-process incentive plan – The Committee determined that the effect of certain items not included in the Company’s financial plan may be excluded from the calculation of the Company’s financial performance, including the effects of the COVID-19 pandemic. Revised go forward incentive plan – The Committee recently approved a Resiliency Scorecard that the Committee expects to use when determining whether and how to take into account the effects of the pandemic when assessing performance
Unum Group $13,162 Public: S&P 500 Insurance Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Committee determined that the effect of certain items not included in the Company’s financial plan may be excluded from the calculation of the Company’s financial performance, including the effects of the COVID-19 pandemic. Revised go forward incentive plan – commencing in 2021, the Committee will award 50% of executives’ long-term incentives in the form of cash incentive units (“CIUs”), in lieu of PSUs. The Committee expects to continue to award the remaining 50% of each executive’s long-term incentives in the form of PBRSUs
Unum Group $13,162 Public: S&P 500 Insurance Executives: Granted Discretionary Award Approved a special grant of new long-term incentive awards for 10 executives (SIP Awards), including the NEOs, consisting of cash success units (“CSUs”) and stock success units (“SSUs”). The SIP Awards, with one-, three- and five-year performance periods that begin January 1, 2021 and an overall six-year term, are designed to incent the executives to continue employment with the Company and achieve critical business outcomes over the long term. Denominating CSUs in cash strengthens the alignment of the awards with core operating performance. The CSUs were granted with a target value equal to 70% of each executive’s 2020 annual long-term incentive target. The number of shares subject to SSUs granted to each executive equals the number of Company shares currently held by the executive that he or she has committed to hold during the SIP Award vesting period, subject to a cap equal to 50% of the executive’s 2020 annual long-term incentive target. The SIP Awards will vest in full on the sixth anniversary of the grant date, subject to the executive’s continued employment, unless vesting is accelerated based on the Company’s achievement of three performance hurdles: (1) maintaining average NAIC risk-based capital ratios of at least 325% (each measured at calendar quarter-ends over the applicable performance period); (2) maintaining average levels of holding company cash in excess of 1.0 times average fixed costs (each measured at calendar quarter-ends over the applicable performance period); and (3) achieving annual (or compounded annual) growth rates of 3% or more in adjusted book value (which excludes accumulated other comprehensive income or loss). One-third of the SIP Award will be eligible to accelerate and vest on a cumulative basis on the last day of each of the one-, three- and five-year performance periods, in each case conditioned upon achievement of the performance hurdles during the applicable performance period
Unum Group $13,162 Public: S&P 500 Insurance Non-Executives: Guaranteed Pay Continuity Providing financial support to employees and emergency pay when employees are unable to work
Unum Group $13,162 Public: S&P 500 Insurance Suspended Buyback Program We did not repurchase shares during the first three months of 2020 and do not expect to resume repurchases through the remainder of our currently authorized repurchase program, which expires in November 2020
Unum Group $13,162 Public: S&P 500 Insurance Other The Committee determined that it is appropriate to calculate the value of a covered officer’s stock ownership under the Policy using the greater of the spot price or the preceding 12-month average closing price
Loews Corporation $12,549 Public: S&P 500 Insurance Furlough of Employees Furloughed 90% of employees. The company continued to cover medical insurance costs for up to three months for employees enrolled in company benefits
Aon Plc $11,066 Public: S&P 500 Insurance Executives: Reduced CEO Base Salary Each of the Company’s NEOs have agreed to a temporary 50% reduction in his or her base salary from May 1, 2020 through December 31, 2020
Aon Plc $11,066 Public: S&P 500 Insurance Executives: Reduced Other Executive Base Salary Each of the Company’s NEOs have agreed to a temporary 50% reduction in his or her base salary from May 1, 2020 through December 31, 2020
Aon Plc $11,066 Public: S&P 500 Insurance Board of Directors: Reduced Pay Each of the Company’s non-executive directors has agreed to a temporary 50% reduction in his or her cash compensation from May 1, 2020 through December 31, 2020
Aon Plc $11,066 Public: S&P 500 Insurance Non-Executives: Reduced Pay Imposed an approximately 20% salary cut on about 70% of staff at the end of April. Effective July 1, restored employee salaries; employees will be repaid for the 2-month 20% decrease in full plus receive an additional 5% of the withheld amount; executive salary cuts remain in place
Aon Plc $11,066 Public: S&P 500 Insurance Suspended Buyback Program Paused stock buyback plan and set aside those funds
Willis Towers Watson Public Limited Company $9,352 Public: S&P 500 Insurance Annual Incentive Plan Changes The awards will be weighted (i) 80% upon enterprise financial results and (ii) 20% upon individual objectives. This change is intended to incentivize collaboration among the executive officers.
Arthur J. Gallagher & Co. $6,782 Public: S&P 500 Insurance Furlough of Employees Furlough will impact less than 4% of global workforce
Dow Inc. $38,542 Public: S&P 500 Materials Non-Executives: One-Time Bonus Dow has approved a special recognition cash payment for on-site employees of $1,000, or similar value by country, in addition to regular pay
Dow Inc. $38,542 Public: S&P 500 Materials Reduced Workforce Dow is implementing a restructuring program to reduce its global workforce costs by approximately six percent
Dow Inc. $38,542 Public: S&P 500 Materials Suspended Buyback Program The Company is also temporarily suspending share repurchases
Dow Inc. $38,542 Public: S&P 500 Materials Expanded Benefits Programs Employees will receive full pay continuation for their regularly scheduled hours during this time if they are out sick due to COVID-19. Offering subsidized childcare
International Paper Company $20,580 Public: S&P 500 Materials Suspended Buyback Program Indefinitely suspended the Company’s share repurchase program beginning April 2020
DuPont de Nemours, Inc. $20,397 Public: S&P 500 Materials Furlough of Employees DuPont has reduced or furloughed certain operations in response to government measures, employee welfare concerns and the impact of COVID-19 on the global demand and supply chain
Nucor Corporation $20,140 Public: S&P 500 Materials Non-Executives: Guaranteed Pay Continuity “Share the pain, share the gain” approach – Expect a significant decrease in compensation expense in 2020 as almost all our remuneration plans are heavily weighted toward incentive compensation which rewards productivity and profitability. Implemented, the assurance of a compensation floor to production and non-production hourly teammates pay during the crisis
The Sherwin-Williams Company $18,362 Public: S&P 500 Materials Suspended Buyback Program Temporarily suspending share repurchases
WestRock Company $17,579 Public: S&P 500 Materials Annual Incentive Plan Changes Revised current, in-process incentive plan – Exercised discretion to set 2020 bonuses at threshold level (50% of target). Actual bonus was 78.7% of target as a result of achievement of safety goals (+5%) and an increase in stock price; Paid 2020 bonus in common stock in lieu of cash
WestRock Company $17,579 Public: S&P 500 Materials Executives: Reduced CEO Base Salary 25% reduction in the base salary of the CEO from May 1 through December 31
WestRock Company $17,579 Public: S&P 500 Materials Executives: Reduced Other Executive Base Salary 15% reduction in the base salaries of the steering team members from May 1 through December 31
WestRock Company $17,579 Public: S&P 500 Materials Board of Directors: Reduced Pay Decreasing our directors’ cash retainers by 25% between July 1, 2020 and December 31, 2020
WestRock Company $17,579 Public: S&P 500 Materials Furlough of Employees Temporary layoffs will last at least 30 days
WestRock Company $17,579 Public: S&P 500 Materials Other Making Company contributions to our 401(k) plan in the form of our common stock, par value $0.01 per share (“Common Stock”), rather than cash
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Executives: Reduced CEO Base Salary CEO salary reduced by 25% for the remainder of 2020
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Executives: Reduced CEO Incentive Compensation Cost savings initiatives include temporary reductions in bonus programs
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Executives: Reduced Other Executive Base Salary CFO salary reduced by 25% for the remainder of 2020. Other executives will retain 10% of their base salary to fund benefits while the other 90% will be deferred to restricted stock units
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Executives: Reduced Other Executive Incentive Cost savings initiatives include temporary reductions in bonus programs
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Non-Executives: Suspended Raises and/or Bonuses Cost savings initiatives include temporary reductions in bonus programs
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Reduced Workforce Cost savings initiatives include employee separation programs
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Furlough of Employees Cost savings initiatives include the initiation of furloughs and employee separation programs
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Executives: Suspended Raises and/or Bonuses Cost savings initiatives include temporary reductions in bonus programs
Freeport-McMoRan Inc. $14,198 Public: S&P 500 Materials Suspended or Reduced Dividend Payments Suspended first-quarter dividend previously planned for May 1. The declaration and payment of future dividends is at the discretion of the board and will depend on FCX’s financial results, cash requirements, global economic conditions and other factors deemed relevant
PPG Industries, Inc. $13,834 Public: S&P 500 Materials Executives: Reduced CEO Base Salary 30% base salary reduction for the Chairman & CEO effective April 2 through September 30. On July 15, 2020, the Committee reinstated the salaries of the Company’s NEOs and other executives to their pre-reduction levels, effective August 1
PPG Industries, Inc. $13,834 Public: S&P 500 Materials Executives: Reduced Other Executive Base Salary NEOs and certain other officers will have their base salaries reduced by 25% – 20% effective April 2 and will continue until September 30. On July 15, 2020, the Committee reinstated the salaries of the Company’s NEOs and other executives to their pre-reduction levels, effective August 1
PPG Industries, Inc. $13,834 Public: S&P 500 Materials Furlough of Employees These include announced temporary employee furloughs at the most severely demand-impacted businesses
Ecolab Inc. $11,790 Public: S&P 500 Materials Board of Directors: Reduced Pay Board voted to cancel its compensation increase that was previously approved in October 2019
Ecolab Inc. $11,790 Public: S&P 500 Materials Non-Executives: Suspended Raises and/or Bonuses Defer implementation of merit pay increases for employees in 2020
Ecolab Inc. $11,790 Public: S&P 500 Materials Executives: Suspended Raises and/or Bonuses Defer implementation of merit pay increases for employees in 2020
Ball Corporation $11,781 Public: S&P 500 Materials Executives: Reduced CEO Base Salary Reducing compensation for our employees
Ball Corporation $11,781 Public: S&P 500 Materials Executives: Reduced Other Executive Base Salary Reducing compensation for our employees
Ball Corporation $11,781 Public: S&P 500 Materials Non-Executives: Reduced Pay Reducing compensation for our employees
Ball Corporation $11,781 Public: S&P 500 Materials Suspended 401(k) Match Adjusting contributions to defined benefit pension plans or income tax payments
Ball Corporation $11,781 Public: S&P 500 Materials Reduced Workforce Reducing our workforce levels
Ball Corporation $11,781 Public: S&P 500 Materials Expanded Benefits Programs Providing additional health-related services to our employees;
Ball Corporation $11,781 Public: S&P 500 Materials Suspended or Reduced Dividend Payments Reducing or suspending our quarterly dividends
Eastman Chemical Company $8,473 Public: S&P 500 Materials Annual Incentive Plan Changes Revised current, in-process incentive plan – In its determination of the 2020 UPP cash payout pool amount in early 2021, the Committee will consider corporate and senior management performance against the Company’s changed corporate objectives, operating strategy and tactics in response to market volatility and changed business and market conditions resulting from the COVID-19 coronavirus pandemic. The Committee’s bases for its determination of the amount of the 2020 UPP payout pool, and for the individual payouts to the CEO and other executive officers based on each of their performance against individual financial, organizational, and strategic objectives, will be disclosed in the Company’s Proxy Statement for its 2021 Annual Meeting of Stockholders.
Avery Dennison Corporation $6,972 Public: S&P 500 Materials Non-Executives: Suspended Raises and/or Bonuses The company has undertaken short-term, temporary actions to reduce costs, including, delays of merit increases
Avery Dennison Corporation $6,972 Public: S&P 500 Materials Furlough of Employees The company has undertaken short-term, temporary actions to reduce costs, including furloughs
Avery Dennison Corporation $6,972 Public: S&P 500 Materials Suspended Buyback Program The company is temporarily pausing its share repurchase activity
Avery Dennison Corporation $6,972 Public: S&P 500 Materials Executives: Suspended Raises and/or Bonuses The company has undertaken short-term, temporary actions to reduce costs, including, delays of merit increases
Packaging Corporation of America $6,658 Public: S&P 500 Materials Furlough of Employees The idling of operations will result in the temporary layoff of about 340 employees and our Human Resources team has begun meeting with our affected employees
Vulcan Materials Company $4,857 Public: S&P 500 Materials Furlough of Employees In the second quarter, the company temporarily furloughed some employees; as of August 8, the vast majority of those employees are back to work or scheduled to be back to work
FMC Corporation $4,642 Public: S&P 500 Materials Suspended Buyback Program Suspending share repurchases until the impact of the global pandemic is better understood
Martin Marietta Materials, Inc. $4,432 Public: S&P 500 Materials Suspended Buyback Program Future share repurchases are at the discretion of management and have been temporarily suspended as of March 2020
Albemarle Corporation $3,129 Public: S&P 500 Materials Executives: Reduced CEO Base Salary CEO will experience temporary base salary reductions of 20% May 11 until December 31. The temporarily adjusted base salary will not be used to calculate annual cash bonus which are derived based on base salary
Albemarle Corporation $3,129 Public: S&P 500 Materials Executives: Reduced Other Executive Base Salary NEOs and certain other members of the senior leadership team will experience temporary base salary reductions of 20% May 11 until December 31. The temporarily adjusted base salaries will not be used to calculate annual cash bonus which are derived based on base salary
Albemarle Corporation $3,129 Public: S&P 500 Materials Board of Directors: Reduced Pay Cash compensation, including director retainer fee, Lead Independent Director fee, and each committee Chair fee, shall be temporarily reduced by 20% effective with the non-executive director compensation period beginning on July 1 and continuing at the reduced amount until December 31
Alphabet Inc. $182,527 Public: S&P 500 Media and Entertainment Expanded Benefits Programs Created a fund to provide sick leave to affected workers globally, including all temporary staff, contractors, and vendors. Google in June offered all employees a $1,000 allowance to spend on equipment to help outfit their home workspaces; Committed that members of its extended workforce who are affected by reduced schedules will be compensation for the time they would have worked. The Company also established a COVID-19 fund so that members of its extended workforce who would not otherwise be paid will be compensated for their normal working hours if they can’t come into work because they have potential symptoms of COVID-19 or if they are quarantined
Comcast Corporation $103,564 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Base Salary CEO and other top executives at Comcast will donate 100% of their salaries to charities supporting COVID-19 relief efforts
Comcast Corporation $103,564 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Base Salary Chairman-CEO Brian Roberts and other top executives at Comcast will donate 100% of their salaries to charities supporting COVID-19 relief efforts
Comcast Corporation $103,564 Public: S&P 500 Media and Entertainment Non-Executives: Reduced Pay Pay employees 100% through April 19. Beginning April 20, 20% pay cut for most employees, with a small group of team members continuing at normal pay
Comcast Corporation $103,564 Public: S&P 500 Media and Entertainment Furlough of Employees Furloughed part-time workers beginning May 3; Universal Orlando furloughed nearly 5,400 workers from its Orlando parks, and employees will remain on furlough until further notice as of September 4, 2020
Comcast Corporation $103,564 Public: S&P 500 Media and Entertainment Other Set aside $500 million for employees whose jobs have been affected by the coronavirus
Facebook, Inc. $85,965 Public: S&P 500 Media and Entertainment Non-Executives: One-Time Bonus Granted $1,000 bonus for all full-time employees
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – 38% of the performance-based restricted stock grant vesting in December 2020 was forfeited based on three-year TSR and EPS, as compared to the S&P 500. Performance-based restricted stock units granted in fiscal 2020 (which do not vest until the third anniversary of grant date and vest based on three-year TSR compared to the S&P 500 and three-year absolute return on invested capital (ROIC) tests) resulted in no value related to the first year of the ROIC portion of the grant
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Base Salary CEO salary reduced 50% effective April 5 until Disney sees a substantive recovery in its business; restored pay August 23, 2020
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Incentive Compensation Management and the Compensation Committee believed that in light of the Company’s circumstances this year that no bonuses should be paid to the NEOs
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Executives: Reduced Executive Chairman Pay Executive Chairman will forgo 100% of his salary for 2020 and will waive his right to a car allowance; restored pay August 23, 2020
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Base Salary Effective April 5 until Disney sees a substantive recovery in its business, salaries of VPs reduced 20%, salaries of SVPs reduced 25%, and salaries of EVPs reduced 30%; restored pay August 23, 2020
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Incentive Management and the Compensation Committee believed that in light of the Company’s circumstances this year that no bonuses should be paid to the NEOs
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Board of Directors: Reduced Pay Board of Directors determined to eliminate payment of Board retainers and committee fees from April 5, 2020 until the restoration of employee base salaries, which occurred on August 23, 2020
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Non-Executives: Reduced Pay ESPN is asking all commentators to take a 15% pay cut over the next three months; restored pay August 23, 2020
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Non-Executives: Guaranteed Pay Continuity Committed to continue paying employees during park and cruise closures through April 18
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Reduced Workforce Announced layoffs for 28,000 employees in September
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Furlough of Employees Furloughed 100,000 employees in April
The Walt Disney Company $65,388 Public: S&P 500 Media and Entertainment Suspended or Reduced Dividend Payments Will not pay a dividend for the first half of its current fiscal year
Charter Communications, Inc. $48,097 Public: S&P 500 Media and Entertainment Non-Executives: Additional Payments for On-Site Employees Charter announced April 2 it is permanently raising its minimum wage to $20 an hour over the next two years for all hourly employees, beginning with $1.50 an hour increase for all hourly frontline field and customer operations employees retroactive to their merit increase in February; followed up with an additional $1.50 an hour increase in March of 2021, putting them on a path to a $20/hour minimum wage in 2022, effectively making its hazard pay increase permanent
Charter Communications, Inc. $48,097 Public: S&P 500 Media and Entertainment Expanded Workforce Charter is expanding its workforce by over 800 at locations nationwide
Charter Communications, Inc. $48,097 Public: S&P 500 Media and Entertainment Other Charter announced on April 20 there will be no layoffs or furloughs for at least the next 60 days
ViacomCBS Inc. $25,285 Public: S&P 500 Media and Entertainment Reduced Workforce Reduced a number of freelance and project-based positions. No full-time employees were laid off as part of the reduction
Netflix, Inc. $24,996 Public: S&P 500 Media and Entertainment Non-Executives: Guaranteed Pay Continuity $100M fund was created to pay actors and crews affected by coronavirus
DISH Network Corporation $15,493 Public: S&P 500 Media and Entertainment Reduced Workforce Confirmed that it is cutting jobs as part of a broader reorganization
Omnicom Group Inc. $13,171 Public: S&P 500 Media and Entertainment Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee has agreed that the cash portion of the Incentive Awards for 2019 will be paid at a later date during 2020; Reduced the amount of the Incentive Awards to NEOs by $38K-$12.5M in order to reallocate the funds to the general incentive compensation pool to be reallocated to other employees
Omnicom Group Inc. $13,171 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Base Salary CEO reduced salary 100% April through September
Omnicom Group Inc. $13,171 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Base Salary Executive salaries reduced 33% April through September
Omnicom Group Inc. $13,171 Public: S&P 500 Media and Entertainment Reduced Workforce Taking severance actions and furloughs to reduce the workforce
Omnicom Group Inc. $13,171 Public: S&P 500 Media and Entertainment Furlough of Employees Taking severance actions and furloughs to reduce the workforce
Omnicom Group Inc. $13,171 Public: S&P 500 Media and Entertainment Suspended Buyback Program Suspended share repurchase program
Fox Corporation $12,303 Public: S&P 500 Media and Entertainment Long-Term Incentive Plan Changes Revised go forward incentive plan – In light of the volatile markets caused by COVID-19, for fiscal 2021, adjusted the percentage of the PSU and RSU components of the long-term equity-based program and introducing a performance-based stock option award. Award is based 50% on time-based RSUs, 25% on PSUs, and 25% on performance-based stock options
Fox Corporation $12,303 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Base Salary NEO salaries reduced 100% May 1 until September 30
Fox Corporation $12,303 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Base Salary NEO salaries reduced 100%, senior executive salaries reduced 50%, and vice president salaries reduced 15% from May 1, 2020 through July 31, 2020. May 1 until September 30
Fox Corporation $12,303 Public: S&P 500 Media and Entertainment Board of Directors: Reduced Pay Non-executive directors voluntarily agreed to suspend any increase in their compensation for fiscal 2021
Fox Corporation $12,303 Public: S&P 500 Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses Suspending pay raises for all employees and its board of directors
Fox Corporation $12,303 Public: S&P 500 Media and Entertainment Expanded Benefits Programs paying full-time employees’ medical insurance premiums from March 2020 through December 2020 and waiving co-pays for telemedicine. Additionally, we enhanced our Bright Horizons Back-Up Care benefits to help full-time employees with back-to-school transitions and caregiving support while managing remote work and virtual learning. For calendar year 2020, we doubled the number of days, from 20 to 40, that employees can use the service for child or elder care and waived employees’ co-pays from September 2020 through December 2020 so they can use the back-up care benefits at no cost
Fox Corporation $12,303 Public: S&P 500 Media and Entertainment Executives: Suspended Raises and/or Bonuses Suspending pay raises for all employees and its board of directors
News Corporation $9,008 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Incentive Compensation CEO will forgo 75% of cash bonus for current fiscal year
News Corporation $9,008 Public: S&P 500 Media and Entertainment Executives: Reduced Executive Chairman Pay Executive Chairman will forgo 100% of cash bonus for current fiscal year
News Corporation $9,008 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Incentive CFO and GC will forgo 25% of cash bonus for current fiscal year
News Corporation $9,008 Public: S&P 500 Media and Entertainment Board of Directors: Reduced Pay In April 2020, the Board determined to reduce the Board Cash Retainer by 20% for the first two quarters of fiscal 2021
The Interpublic Group of Companies, Inc. $8,065 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Base Salary CEO base salary reduced by undisclosed amount for the balance of 2020
The Interpublic Group of Companies, Inc. $8,065 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Base Salary Management salaries have been reduced by up to 25% for the balance of 2020
The Interpublic Group of Companies, Inc. $8,065 Public: S&P 500 Media and Entertainment Non-Executives: Reduced Pay Employee salaries at certain locations have been reduced by up to 25% for the balance of 2020
The Interpublic Group of Companies, Inc. $8,065 Public: S&P 500 Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses Deferred merit increases
The Interpublic Group of Companies, Inc. $8,065 Public: S&P 500 Media and Entertainment Furlough of Employees Initiated furloughs
The Interpublic Group of Companies, Inc. $8,065 Public: S&P 500 Media and Entertainment Executives: Suspended Raises and/or Bonuses Deferred merit increases
Live Nation Entertainment, Inc. $4,513 Public: S&P 500 Media and Entertainment Annual Incentive Plan Changes Revised current, in-process incentive plan – Deferred payment of bonuses until the fourth quarter of 2020
Live Nation Entertainment, Inc. $4,513 Public: S&P 500 Media and Entertainment Executives: Reduced CEO Base Salary The company’s CEO voluntarily forgoing 100% of his salary for the duration of the salary reduction program
Live Nation Entertainment, Inc. $4,513 Public: S&P 500 Media and Entertainment Executives: Reduced Other Executive Base Salary The company will implement salary reductions, with salaries for senior executives reduced by up to 50%
Live Nation Entertainment, Inc. $4,513 Public: S&P 500 Media and Entertainment Board of Directors: Reduced Pay The company will implement salary reductions
Live Nation Entertainment, Inc. $4,513 Public: S&P 500 Media and Entertainment Furlough of Employees Additional cost reduction efforts include furloughs
Johnson & Johnson $82,584 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: One-Time Bonus Announced in May a one-time award of $1,000 to eligible employees working onsite at our facilities globally
Merck & Co., Inc. $47,994 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Suspended Buyback Program Merck has temporarily suspended its share repurchase program
AbbVie Inc. $45,804 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: One-Time Bonus We are providing special bonus payments to eligible essential employees during this crisis who are working onsite
Amgen Inc. $25,424 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Guaranteed Pay Continuity Committed to pay continuity for employees and will assess the duration of that commitment as the situation evolves
Amgen Inc. $25,424 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Expanded Benefits Programs $250 stipends for equipment employees need, a $50-a-month allowance for internet and phone services. Implemented additional employee wellness resources
Viatris Inc. $11,514 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Delay of Annual Meeting Postponed annual meeting scheduled for late April until June 30
IQVIA Holdings Inc. $11,359 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes For 2020, the LDC Committee assigned weightings for each performance measure: (1) Revenue/Profit, (2) Cash Flow, (3) Balance Sheet/Liquidity, (4) Operational/Strategic, and (5) Leadership/Governance. The weightings for cash flow and liquidity in 2020 compared to other years reflect a greater attention to these measures in 2020 given the uncertainties created by the COVID-19 pandemic. After considering the positive and negative impacts of the pandemic, the Committee estimated that the total impact to the Company’s performance in 2020 was approximately $750 million in Revenue and approximately $250 million in Adjusted EBITDA, with a corresponding impact of $1 per share on Adjusted EPS. In acknowledgment of these factors, the LDC Committee approved an adjustment to our Revenue, Adjusted EBITDA and Adjusted Diluted EPS results equal to approximately one-third of the estimated impact. This raised the final payout factor for the revenue/profit performance measure payout of the STI to 93% from 87%
IQVIA Holdings Inc. $11,359 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Long-Term Incentive Plan Changes As of March 31, 2020, prior to the significant impacts of the COVID-19 pandemic being felt on the Company’s operations, the forecasted CAGR for Adjusted Diluted EPS during the 2018 – 2020 performance period was over 15%, which would have substantially exceeded the maximum of 12.8% for Adjusted Diluted EPS Growth and would have resulted in a weighted payout factor of 150% for this element of the performance shares formula. Given that TSR performance was at the 80th percentile, the total payout would have been at the 200% maximum level. Similar to the adjustment made to the STI program, the LDC approved an adjustment to reflect approximately one-third of the total impact of the COVID-19 pandemic when determining the payouts for the 2018-2020 performance shares, resulting in a payout actor of 192%
Zoetis Inc. $6,675 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Suspended Buyback Program We have temporarily suspended share repurchases beginning in the second quarter of 2020
Agilent Technologies, Inc. $5,339 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Suspended Buyback Program On March 23, 2020, we suspended stock repurchases in light of the COVID-19 pandemic, and we have the ability to reinstate repurchases as circumstances warrant
Agilent Technologies, Inc. $5,339 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Delay of Annual Meeting Annual meeting will be delayed from March 18 until Friday, April 17, 2020
PerkinElmer, Inc. $3,783 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Voluntary equity for salary program for executive officers and other senior leaders; defer a designated portion of their base salary over a three-month period and receive the deferred amount in the form of restricted stock units
PerkinElmer, Inc. $3,783 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Voluntary equity for salary program for executive officers and other senior leaders; defer a designated portion of their base salary over a three-month period and receive the deferred amount in the form of restricted stock units
PerkinElmer, Inc. $3,783 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay Next quarterly payment of the annual cash retainer for each non-employee director to be paid in May 2020 shall instead be granted in the form of RSUs
Catalent, Inc. $3,094 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised go forward incentive plan – The Compensation Committee approved changes to the MIP program for fiscal 2021. Under the revised program, the business factor will be measured only on Budget-Based Revenue and Budget-Based EBITDA. In addition, instead of measuring performance of each factor separately against its specified target, performance against both targets will be examined concurrently, using a matrix of both factors to determine the business factor payout level. The Compensation Committee agreed with management’s recommendation that this concurrent review would best align the interests of MIP participants with those of our shareholders in incentivizing profitable revenue growth
Catalent, Inc. $3,094 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary The executive leadership team, including the NEOs, as well as the next level of leaders within our company, donated a portion of their base salaries over a three-month period to help fund the payment of the bonuses. In response to salary donation commitments, RSUs with a vesting date of December 31, 2020, were granted to the NEOs and other executives having a grant date value equal to 60% of the salary they had foregone, with the exception of our CEO, whose donation went uncompensated
Catalent, Inc. $3,094 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary The executive leadership team, including the NEOs, as well as the next level of leaders within our company, donated a portion of their base salaries over a three-month period to help fund the payment of the bonuses. In response to salary donation commitments, RSUs with a vesting date of December 31, 2020, were granted to the NEOs and other executives having a grant date value equal to 60% of the salary they had foregone, with the exception of our CEO, whose donation went uncompensated
Catalent, Inc. $3,094 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: One-Time Bonus In June 2020, the company paid “thank-you” bonuses of approximately $700 per person to our U.S. site-based production and support employees
Catalent, Inc. $3,094 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Expanded Benefits Programs Matching Gift Program: gifts of up to $1,000 made during calendar 2020 in response to the COVID-19 pandemic were matched on a 2-to-1 basis. During fiscal 2020, one of our directors made a COVID-19-related gift that was matched by us
Mettler-Toledo International Inc. $3,085 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Voluntary senior leadership salary reductions
Mettler-Toledo International Inc. $3,085 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Voluntary senior leadership salary reductions
Waters Corporation $2,365 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Base salary reduction of 40% for the CEO for a 90-day period
Waters Corporation $2,365 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Base salary reduction of 30% for Executive Committee members and 20% for Vice-Presidents for a 90-day period
Waters Corporation $2,365 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay Combination of 10% salary reduction, reduced working hours and furloughs for the broader employee workforce, dependent on role and geographic location for a 90-day period
Waters Corporation $2,365 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Combination of 10% salary reduction, reduced working hours and furloughs for the broader employee workforce, dependent on role and geographic location for a 90-day period
Waters Corporation $2,365 Public: S&P 500 Pharmaceuticals, Biotechnology and Life Sciences Suspended Buyback Program Suspending repurchases in second quarter
CBRE Group, Inc. $23,826 Public: S&P 500 Real Estate Executives: Reduced CEO Base Salary Salary reduced 100% until it is determined that such salary decreases are no longer warranted
CBRE Group, Inc. $23,826 Public: S&P 500 Real Estate Executives: Reduced Other Executive Base Salary Salary reduced 15% for CEO direct reports until it is determined that such salary decreases are no longer warranted
CBRE Group, Inc. $23,826 Public: S&P 500 Real Estate Board of Directors: Reduced Pay Each director serving on the Board would forego 33% of his or her 2020 annual Board service stipend
Weyerhaeuser Company $7,532 Public: S&P 500 Real Estate Executives: Reduced CEO Base Salary CEO salary reduction of 30% for the remainder of 2020
Weyerhaeuser Company $7,532 Public: S&P 500 Real Estate Executives: Reduced Other Executive Base Salary Salary reductions of 10% for the remainder of the senior management team for the remainder of 2020
Weyerhaeuser Company $7,532 Public: S&P 500 Real Estate Board of Directors: Reduced Pay 20% reduction in fees for the board of directors for the remainder of 2020
Weyerhaeuser Company $7,532 Public: S&P 500 Real Estate Suspended or Reduced Dividend Payments Temporarily suspending the quarterly cash dividend
Equinix, Inc. (REIT) $5,963 Public: S&P 500 Real Estate Annual Incentive Plan Changes Paid annual incentive in RSUs rather than cash. In recognition of the uniquely challenging time, the Compensation Committee approved one-time cash payments equal to the price differential between the stock price on Mar. 13, 2020 ($621.09), and the price at which shares were sold on Mar. 16, 2020, for each of the shares sold on behalf of the named executive officers and other employees who received RSUs in lieu of cash under the 2019 annual incentive plan
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Annual Incentive Plan Changes Revised current, in-process incentive plan – Deferring bonus at such time as the Committee determines, in its sole discretion, that the market conditions in which the Company operates have improved; The Committee has determined that in no event will Mr. Simon’s bonus be paid later than March 15, 2021
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In March 2020, the compensation committee of the Company deferred establishing a 2020 Long Term Incentive Plan for the Company’s named executive officers due to the unprecedented impact that the then unfolding COVID-19 pandemic was having on the Company’s operations and the uncertainty that it created. During the course of 2020 the compensation committee carefully monitored the impact of the COVID-19 pandemic on the Company’s operations and the performance of the Company’s named executive officers during this period. On December 28, 2020, after evaluating the foregoing, among other matters, the compensation committee approved the establishment of a 2020 Long Term Incentive Program and in connection therewith approved a one-time grant of time-based restricted stock units
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Executives: Reduced CEO Base Salary Effective March 28, 2020, salary reduced 100% for undefined time; On December 9, 2020 the compensation committee of the Company unanimously approved reinstating the annual base salaries of the Company’s named executive officers. On December 9, 2020, the compensation committee of the Company unanimously approved paying to each named executive officer. On December 18, 2020, an amount equal to the difference between the amount of base salary such named executive officer would have been paid during the period the temporary reduction was in effect if the temporary reduction had not been implemented and the amount of base salary such named executive officer was actually paid during the temporary reduction period
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Executives: Reduced Other Executive Base Salary Effective March 28, 2020, GC & CAO salaries reduced 30% and CFO and Asst. GC salaries reduced 25% for undefined time. On December 9, 2020, the compensation committee of the Company unanimously approved paying to each named executive officer. On December 18, 2020, an amount equal to the difference between the amount of base salary such named executive officer would have been paid during the period the temporary reduction was in effect if the temporary reduction had not been implemented and the amount of base salary such named executive officer was actually paid during the temporary reduction period
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Board of Directors: Reduced Pay Board service cash retainer temporarily reduced 100%
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Non-Executives: Reduced Pay GC & CAO salaries reduced 30% and CFO and Asst. GC salaries reduced 25% for undefined time
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Reduced Workforce Permanently laid off some workers
Simon Property Group, Inc. $4,578 Public: S&P 500 Real Estate Furlough of Employees Furloughed 30% of workforce
Iron Mountain Incorporated $4,147 Public: S&P 500 Real Estate Executives: Reduced CEO Base Salary Temporary compensation reduction measures for approximately one-third of its global workforce
Iron Mountain Incorporated $4,147 Public: S&P 500 Real Estate Executives: Reduced Other Executive Base Salary Temporary compensation reduction measures for approximately one-third of its global workforce
Iron Mountain Incorporated $4,147 Public: S&P 500 Real Estate Non-Executives: Reduced Pay Temporary compensation reduction measures for approximately one-third of its global workforce
Iron Mountain Incorporated $4,147 Public: S&P 500 Real Estate Reduced Workforce In light of the COVID-19 pandemic, we have taken certain actions, which were initiated in late March 2020 but primarily took place in April 2020, including, but not limited to: the termination of nearly all of our temporary and contract workers, and reductions in our full-time and part-time work forces
Iron Mountain Incorporated $4,147 Public: S&P 500 Real Estate Furlough of Employees In light of the COVID-19 pandemic, we have taken certain actions, which were initiated in late March 2020 but primarily took place in April 2020, including, but not limited to: the introduction of furloughs, reduced hours or other temporary reduction measures impacting approximately one-third of our global workforce
Ventas, Inc. $3,790 Public: S&P 500 Real Estate Executives: Reduced CEO Base Salary For the second half of 2020, the base salaries of the Company’s CEO will be voluntarily reduced by 20%
Ventas, Inc. $3,790 Public: S&P 500 Real Estate Executives: Reduced Other Executive Base Salary For the second half of 2020, the base salaries of executive officers will be voluntarily reduced by 10%
Ventas, Inc. $3,790 Public: S&P 500 Real Estate Reduced Workforce In mid-June, the Company is eliminating roles representing over 25% of its corporate positions, excluding onsite field personnel
Vornado Realty Trust $1,612 Public: S&P 500 Real Estate Executives: Reduced CEO Base Salary CEO salary reduced by 50% for the remainder of 2020
Vornado Realty Trust $1,612 Public: S&P 500 Real Estate Executives: Reduced Other Executive Base Salary President and CFO salaries reduced by 30% for the remainder of 2020. Co-Heads of Real Estate and EVP salaries reduced by 15%. Vice Chairman salary reduced by 30%
Vornado Realty Trust $1,612 Public: S&P 500 Real Estate Board of Directors: Reduced Pay Non-management members of the Board of Trustees will forgo 100% of annual cash retainer for the remainder of 2020
Vornado Realty Trust $1,612 Public: S&P 500 Real Estate Furlough of Employees Placed 1,803 employees on temporary furlough, including 1,293 employees of Building Maintenance Services LLC, a wholly owned subsidiary, which provides cleaning, security and engineering services primarily to our New York properties, 414 employees at the Hotel Pennsylvania and 96 corporate staff employees
Host Hotels & Resorts, Inc. $1,590 Public: S&P 500 Real Estate Furlough of Employees Furloughed as much as 80% of the hotel’s workforce
Host Hotels & Resorts, Inc. $1,590 Public: S&P 500 Real Estate Suspended Buyback Program The Company has suspended repurchases and anticipates the suspension will remain in effect for the remainder of 2020
Host Hotels & Resorts, Inc. $1,590 Public: S&P 500 Real Estate Suspended or Reduced Dividend Payments Anticipates temporarily suspending or paying a nominal dividend until further notice. All future dividends are subject to approval by the Company’s Board of Directors
Essex Property Trust, Inc. $1,557 Public: S&P 500 Real Estate Expanded Benefits Programs Support employees with additional paid leave to help provide flexibility to meet family and other personal needs
UDR, Inc. $1,260 Public: S&P 500 Real Estate Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In considering the adverse effects of the COVID-19 pandemic on the Company’s performance and our management’s strong leadership in addressing the adverse effects of the pandemic, on December 11, 2020, the Committee approved a modification to the Company’s 2020-2022 long-term incentive compensation program. The Committee recognized that the performance targets for the 1-Year FFO as Adjusted Metric were established prior to the beginning of the COVID-19 pandemic and, accordingly, at a time when the adverse impact of the pandemic on the Company’s business, and in particular the adverse impact of the pandemic on the Company’s 2020 FFO as Adjusted, was unforeseeable. The Committee also recognized that the adverse impact of the pandemic was not unique to the Company and that the pandemic adversely impacted the Company’s industry in general. The Committee also considered the strong leadership of the named executive officers and other participants in the LTI Program during the pandemic, as demonstrated by their efforts to institute new procedures and policies to address the economic and regulatory changes arising from the COVID-19 pandemic. Accordingly, the Committee modified the LTI Program to remove the 1-Year FFO as Adjusted Metric for the 2020 fiscal year, and to replace such metric with a new metric based on the Company’s growth in FFO as Adjusted over a two-year period
Kimco Realty Corporation $1,058 Public: S&P 500 Real Estate Suspended or Reduced Dividend Payments Only May 8, temporarily suspended the dividend on its common shares. Kimco’s Board of Directors will continue to monitor the company’s financial performance and economic outlook on a monthly basis
SL Green Realty Corp. $1,028 Public: S&P 500 Real Estate Suspended Buyback Program Share repurchases under the Company’s share repurchase program will be temporarily curtailed
Amazon.com, Inc. $386,064 Public: S&P 500 Retailing Non-Executives: One-Time Bonus Amazon will pay one-time bonuses for all front-line workers and partners with the company throughout June. The payout comes after the company decided last month to end a short-term pay bump for employees, including those in warehouses fulfilling customer orders. Full-time employees at Amazon, its Whole Foods Market business and drivers in its contracted delivery program will receive $500, while those in part-time positions will receive $250. Another group of drivers will get $150. Leaders at Amazon and Whole Foods will receive a $1,000 bonus, and owners running contracted delivery-service operations will get $3,000
Amazon.com, Inc. $386,064 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees Mid-March through the end of May, increased wages by $2 per hour for delivery and warehouse employees along with double overtime pay. Amazon returned to regular wages in June
Amazon.com, Inc. $386,064 Public: S&P 500 Retailing Expanded Workforce Added 100,000 jobs in fulfillment centers and delivery network
Amazon.com, Inc. $386,064 Public: S&P 500 Retailing Expanded Benefits Programs All team members placed into quarantine or diagnosed with COVID-19 will receive up to an additional two weeks of paid time off
The Home Depot, Inc. $110,225 Public: S&P 500 Retailing Non-Executives: One-Time Bonus Created additional bonuses to hourly associates at $100 per week for full-time hourly associates and $50 per week for part-time hourly associates in stores and distribution centers effective March 23. These benefits continued through the third quarter of 2020. On November 20, 2020, the Company announced permanent compensation enhancements for frontline, hourly associates
The Home Depot, Inc. $110,225 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees Offering double-time pay to hourly associates for overtime hours worked between March 25 and April 30
The Home Depot, Inc. $110,225 Public: S&P 500 Retailing Suspended Buyback Program Suspended share repurchases in March 2020
The Home Depot, Inc. $110,225 Public: S&P 500 Retailing Expanded Benefits Programs Added 80 hours of paid time off for all full-time hourly associates and 40 hours of paid time off for part-time hourly associates. Added 160 hours of paid time off for full-time hourly associates who are 65 years of age or older or determined to be at higher risk by the CDC, and 80 hours of paid time off for part-time. Providing paid time off for any associate who has contracted COVID-19 until they’ve been released by a doctor Providing up to 14 days paid time off for any associate required to be quarantined. Extended dependent care benefits and waived co-pays
Target Corporation $78,112 Public: S&P 500 Retailing Non-Executives: One-Time Bonus Gave bonus ranging from $250 to $1,500 to 20,000 store team leads who oversaw individual departments in stores in April; $200 bonuses to all hourly full-time and part-time team members in stores and distribution centers in July; Performance bonus for all Store Directors, Executive Team Leaders and salaried Distribution Center leaders in July; $200 bonuses to more than 350,000 frontline team members by early November, representing an investment of more than $70M in our team ahead of the holidays
Target Corporation $78,112 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees Effective in April, all full-time and part-time hourly team members working in stores and distribution centers received a $2-per-hour wage increase that was guaranteed through at least May 2. Target then extended its $2 per hour wage increase for hourly store workers until May 30. Target announced its plans to raise starting wages for hourly workers to $15 permanently beginning in July
Target Corporation $78,112 Public: S&P 500 Retailing Suspended Buyback Program Suspended share buybacks
Target Corporation $78,112 Public: S&P 500 Retailing Expanded Benefits Programs Paid leave of 30 days for U.S. team employees who are 65 years old, pregnant or have underlying medical conditions. Waived its absentee policy, and will pay up to 14 days of quarantine and illness pay for employees with COVID-19 Extended 30 day paid leave for team members are over 65 years old, pregnant, or have a medical condition through the end of May
Lowe’s Companies, Inc. $72,148 Public: S&P 500 Retailing Non-Executives: One-Time Bonus $300 for full-time associates and $150 for part-time and seasonal associates paid on March 31. Created a second specialty payment in May of $80 million to its frontline hourly workers, matching a payment the company made in March. As of June 1 when additional pay expired, Lowe’s had spent over $250 million on COVID-19-related employee investment; October 16 bonus will match the funds Lowe’s provided to all hourly workers in March, May, July and August, with full-time employees receiving $300, and part-time and seasonal employees getting an extra $150
Lowe’s Companies, Inc. $72,148 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees Temporarily increasing wages by $2 an hour for every full-time, part-time and seasonal hourly store, contact center and supply chain associates for hours they work throughout the month of April in the U.S. and Canada
Lowe’s Companies, Inc. $72,148 Public: S&P 500 Retailing Expanded Workforce Actively hiring for 30,000 positions in-stores
Lowe’s Companies, Inc. $72,148 Public: S&P 500 Retailing Suspended Buyback Program The Company decided to suspend share repurchases, and does not expect to repurchase any more shares this year beyond what was executed in the first quarter
Lowe’s Companies, Inc. $72,148 Public: S&P 500 Retailing Expanded Benefits Programs 14-days of emergency paid leave for all associates. Extended emergency paid leave up to a total of four weeks for those at a higher risk for severe illness. Extended telemedicine benefit
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary Salary reduced 50% through September 1
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Executives: Reduced CEO Incentive Compensation Suspended short-term incentive plan in Q2 and Q3 of 2020. Reinstated short-term incentive compensation in Q4 2020.
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Executives: Reduced Executive Chairman Pay Executive Chairman salary reduced 50% through September 1
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Salaries of CEO direct reports reduced 20% through September 1
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Executives: Reduced Other Executive Incentive Suspended short-term incentive plan in Q2 and Q3 of 2020. Reinstated short-term incentive compensation in Q4 2020.
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Board of Directors: Reduced Pay Cash compensation deferred 50% through September 1
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Suspended 401(k) Match Suspended its 401(k)-matching program; resumed match
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Non-Executives: Guaranteed Pay Continuity Field employees whose hours have been eliminated will be paid for two weeks at their normal wage rate based on their average hours worked over the last 10 weeks
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Non-Executives: One-Time Bonus Paid recognition bonuses to field employees in Q4 2020. Best Buy said it will pay pandemic-related bonuses to all hourly employees in February 2021
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees All hourly employees are receiving a temporary pay increase
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Furlough of Employees Furloughed 51,000 hourly workers. Furloughed employees will retain their health benefits at no cost for a minimum of three months
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Suspended Buyback Program On March 21, 2020, announced the suspension of all share repurchases to conserve liquidity in light of COVID-19-related uncertainties. Resumed repurchases in the fourth quarter of fiscal 2021
Best Buy Co., Inc. $43,638 Public: S&P 500 Retailing Other The company is raising the starting hourly wage for all Domestic employees to $15 effective Aug. 2. Driven by extensive employee feedback, and to provide more predictability in pay, a 4% increase in hourly rate will replace short-term incentive compensation for hourly store employees below the leadership level. After the 4% hourly pay increase, employees who are not yet at $15 per hour will have their pay increased to the $15 per hour starting wage
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary CEO salary reduced by 30% until July 4, 2020
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Executives: Reduced Executive Chairman Pay Executive Chairman salary reduced by 30% until July 4, 2020
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Executive officers salaries reduced by 20% until July 4. Other senior executives salaries reduced by undisclosed amounts until July 4
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Board of Directors: Reduced Pay Board cash retainer reduced by undisclosed amount until July 4, 2020
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Non-Executives: Guaranteed Pay Continuity Continued pay of store associates in closed stores until April 11
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Furlough of Employees Furloughing a majority of hourly store and distribution associates in U.S. and Canada after April 5, 2020
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Suspended Buyback Program Suspended share repurchase program
The TJX Companies, Inc. $41,717 Public: S&P 500 Retailing Suspended or Reduced Dividend Payments Suspended share repurchase plan
Dollar General Corporation $27,754 Public: S&P 500 Retailing Non-Executives: One-Time Bonus Announced $35 million in bonuses for all store, distribution center and private fleet employees
Dollar General Corporation $27,754 Public: S&P 500 Retailing Expanded Workforce By the end of April, it plans to hire up to 50,000 workers, the majority of which will be temporary
Dollar General Corporation $27,754 Public: S&P 500 Retailing Suspended Buyback Program The Company temporarily suspended repurchases of its common stock under its share repurchase program during the first quarter of 2020 to evaluate the implications of the COVID-19 pandemic
Dollar Tree, Inc. $23,611 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees For at least four weeks, will pay every hourly-paid store associate reporting to the store manager, and every hourly-paid DC associate, a $2 per hour premium for all hours worked during the period. Dollar Tree had extended the end date of its increase of a $2/hour increase to all distribution center workers and store employees, except store managers, from May 16, but let it expire on May 30
Dollar Tree, Inc. $23,611 Public: S&P 500 Retailing Expanded Workforce Plans to hire 25,000 full- and part-time associates
Dollar Tree, Inc. $23,611 Public: S&P 500 Retailing Suspended Buyback Program The Company has temporarily suspended share repurchases
CarMax, Inc. $21,424 Public: S&P 500 Retailing Long-Term Incentive Plan Changes Shifted to an equity vehicle tied to stock price for 2021 from a performance equity vehicle based on earnings per share (EPS)
CarMax, Inc. $21,424 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary CEO salary reduced by 50% until further notice
CarMax, Inc. $21,424 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary EVPs are taking a 30% salary reduction and SVPs are taking a 20% salary reduction
CarMax, Inc. $21,424 Public: S&P 500 Retailing Board of Directors: Reduced Pay Board of Directors has unanimously determined to forgo 100% of cash retainer indefinitely
CarMax, Inc. $21,424 Public: S&P 500 Retailing Non-Executives: Guaranteed Pay Continuity Any location that has to close due to coronavirus will pay its employees for an additional two weeks
CarMax, Inc. $21,424 Public: S&P 500 Retailing Furlough of Employees Effective April 18, 2020, approximately 15,500 CarMax associates will be placed on furlough
CarMax, Inc. $21,424 Public: S&P 500 Retailing Suspended Buyback Program In addition, subsequent to the end of the fiscal year, we halted our stock repurchase program, although the repurchase authorization remains effective
Genuine Parts Company $16,537 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary Decreased executive leadership compensation
Genuine Parts Company $16,537 Public: S&P 500 Retailing Executives: Reduced CEO Incentive Compensation Reduced bonuses and commissions
Genuine Parts Company $16,537 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Decreased executive leadership compensation
Genuine Parts Company $16,537 Public: S&P 500 Retailing Executives: Reduced Other Executive Incentive Reduced bonuses and commissions
Genuine Parts Company $16,537 Public: S&P 500 Retailing Non-Executives: Suspended Raises and/or Bonuses Reduced bonuses and commissions. Delayed merit increases
Genuine Parts Company $16,537 Public: S&P 500 Retailing Reduced Workforce Headcount reductions, voluntary and involuntary leave of absences
Genuine Parts Company $16,537 Public: S&P 500 Retailing Furlough of Employees Headcount reductions, voluntary and involuntary leave of absences
Genuine Parts Company $16,537 Public: S&P 500 Retailing Suspended Buyback Program Suspended share repurchases
Genuine Parts Company $16,537 Public: S&P 500 Retailing Executives: Suspended Raises and/or Bonuses Delayed merit increases
The Gap, Inc. $16,383 Public: S&P 500 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – The Committee established two equally weighted six-month performance periods covering the first half and second half of fiscal year 2020 for the 2020 Bonus Plan. 50% of each participant’s fiscal year 2020 target bonus opportunity was allocated to each equally weighted period. On August 10, 2020, the Board approved cash and equity incentive awards for the NEOs and other executives. The Board had previously delayed setting the fiscal year 2020 goals for the annual bonus plan and performance share grants given the significant and ongoing impact of the current COVID-19 pandemic
The Gap, Inc. $16,383 Public: S&P 500 Retailing Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Committee established two equally weighted six-month performance periods covering the first half and second half of fiscal year 2020 for the outstanding performance share awards that were granted prior to fiscal 2020. 50% of each participant’s target number of performance shares that would be earned based on fiscal year 2020 performance were allocated to each equally weighted period; For the fiscal year 2020 performance share awards, which had been previously granted in March 2020, the Committee established a cumulative earnings goal and total shareholder return modifier that, in each case, would be measured over a 2.5 year performance period beginning on August 2, 2020 and ending on the last day of fiscal year 2022. On August 10, 2020, the Board approved cash and equity incentive awards for the NEOs and other executives. The Board had previously delayed setting the fiscal year 2020 goals for the annual bonus plan and performance share grants given the significant and ongoing impact of the current COVID-19 pandemic
The Gap, Inc. $16,383 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary Temporary reduction in pay
The Gap, Inc. $16,383 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Temporary reduction in pay
The Gap, Inc. $16,383 Public: S&P 500 Retailing Board of Directors: Reduced Pay Temporarily reduced pay
The Gap, Inc. $16,383 Public: S&P 500 Retailing Non-Executives: Guaranteed Pay Continuity Provide impacted store employees with pay continuity and benefits during this two-week period
The Gap, Inc. $16,383 Public: S&P 500 Retailing Furlough of Employees Furloughed majority of store teams, pausing pay but continuing to offer applicable benefits
The Gap, Inc. $16,383 Public: S&P 500 Retailing Suspended Buyback Program Suspended cash dividend and share buybacks for the remainder of FY20
The Gap, Inc. $16,383 Public: S&P 500 Retailing Suspended or Reduced Dividend Payments Deferred the record and payment dates for previously announced Q1 2020 dividend, and suspended regular quarterly cash dividend for the remainder of fiscal year 2020
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan -On August 19, 2020, the Compensation Committee, approved modifications to the Company’s management incentive plan for fiscal 2020, and adopted key business priorities that will be considered by the Committee as alternative performance criteria in determining the bonus payout levels at the end of the fiscal year, which will be subject to reduced maximum payout limits
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Long-Term Incentive Plan Changes On August 19, 2020, the Compensation Committee, approved modifications to the Company’s performance share award program for fiscal 2020, and adopted key business priorities that will be considered by the Committee as alternative performance criteria in determining the performance share payout levels at the end of the fiscal year, which will be subject to reduced maximum payout limits
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary The CEO has forgone her entire salary until such time as at least 50% of the Company’s Ross Dress for Less and dd’s DISCOUNTS store locations have reopened
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Executives: Reduced Executive Chairman Pay Chairman of the board will forgo 100% of salary for duration of crisis
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Effective April 1, 2020, the executive officers of the Company have each agreed to amend their Executive Employment Agreement to reduce their salary levels until such time as at least 50% of the Company’s store locations have reopened
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Board of Directors: Reduced Pay Cash retainer reduced 100%
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Non-Executives: Reduced Pay Senior executive team has also agreed to take substantial salary cuts during this period, with smaller salary reductions cascading down to all Associates through a certain level
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Non-Executives: Guaranteed Pay Continuity Providing up to two weeks of continued pay for any full-time or hourly associate who cannot work due to a COVID-19 related closure
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Furlough of Employees Temporarily furloughed majority of Store and Distribution Center associates, as well as some other associates across the business starting April 5th and until operations can resume. All furloughed employees will remain Ross associates with no change to their health benefits
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Suspended Buyback Program Suspending stock repurchase program
Ross Stores, Inc. $16,039 Public: S&P 500 Retailing Suspended or Reduced Dividend Payments Suspension of quarterly dividend program
L Brands, Inc. $12,914 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary Suspended 100% cash compensation of CEO
L Brands, Inc. $12,914 Public: S&P 500 Retailing Executives: Reduced CEO Incentive Compensation Suspended 100% of cash compensation of CEO
L Brands, Inc. $12,914 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Reduced salary 20% for SVPs and above
L Brands, Inc. $12,914 Public: S&P 500 Retailing Board of Directors: Reduced Pay Cash compensation temporarily reduced 100%
L Brands, Inc. $12,914 Public: S&P 500 Retailing Non-Executives: Suspended Raises and/or Bonuses Deferring annual merit increases
L Brands, Inc. $12,914 Public: S&P 500 Retailing Non-Executives: Guaranteed Pay Continuity All employees received pay and benefits during temporary closure from March 17 to March 29
L Brands, Inc. $12,914 Public: S&P 500 Retailing Reduced Workforce Announced in July plans to lay off about 850 corporate employees, or about 15% of the jobs at its home office
L Brands, Inc. $12,914 Public: S&P 500 Retailing Furlough of Employees Furloughed most store associates plus those who are not currently working to support the online businesses or who cannot work from home, effective April 5, 2020 until further notice. All furloughed associates will continue to receive existing healthcare benefits
L Brands, Inc. $12,914 Public: S&P 500 Retailing Executives: Suspended Raises and/or Bonuses Deferring annual merit increases
L Brands, Inc. $12,914 Public: S&P 500 Retailing Suspended or Reduced Dividend Payments Suspended quarterly cash dividend beginning Q2 2020. The company remains committed to paying dividends over the long-term and will re-evaluate when appropriate
AutoZone, Inc. $12,632 Public: S&P 500 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – Adjusted 2020 bonus calculation (EBIT & ROIC metrics) for additional paid time off granted to employees due to the pandemic
AutoZone, Inc. $12,632 Public: S&P 500 Retailing Suspended Buyback Program The Company has temporarily suspended its share repurchase program
AutoZone, Inc. $12,632 Public: S&P 500 Retailing Expanded Benefits Programs Offering workers an emergency time off benefit of 80 hours for full-timers to help them deal with the impact of the coronavirus pandemic. Part-time workers will be eligible for up to 40 hours of emergency time off
LKQ Corporation $11,629 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary Lowering compensation for salaried employees
LKQ Corporation $11,629 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Lowering compensation for salaried employees
LKQ Corporation $11,629 Public: S&P 500 Retailing Non-Executives: Reduced Pay Lowering compensation for salaried employees
LKQ Corporation $11,629 Public: S&P 500 Retailing Reduced Workforce Furloughs and reductions in force, as well as elimination of temporary labor
LKQ Corporation $11,629 Public: S&P 500 Retailing Furlough of Employees Furloughs
LKQ Corporation $11,629 Public: S&P 500 Retailing Suspended Buyback Program Suspended share repurchases on March 16, 2020
O’Reilly Automotive, Inc. $11,604 Public: S&P 500 Retailing Suspended Buyback Program On March 16, 2020, the Company ceased share repurchases under its share repurchase program
Tractor Supply Company $10,620 Public: S&P 500 Retailing Non-Executives: One-Time Bonus One-time special $1,000 bonus to exempt store managers and a $500 bonus to frontline leadership and support roles
Tractor Supply Company $10,620 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees Extended $2 per hour appreciation bonus to all hourly team members, originally effective from March 16 to April 25
Tractor Supply Company $10,620 Public: S&P 500 Retailing Expanded Workforce Plans to immediately fill more than 5,000 full-time and part-time positions
Tractor Supply Company $10,620 Public: S&P 500 Retailing Suspended Buyback Program Company has suspended its share repurchase activity effective March 12, 2020
Tractor Supply Company $10,620 Public: S&P 500 Retailing Expanded Benefits Programs Extended paid sick leave by two weeks for all team members affected by COVID-19. Waiving cost-sharing for telehealth visits for any reason
eBay Inc. $10,271 Public: S&P 500 Retailing Expanded Benefits Programs Matching an additional $1 million in employee donations in response to the pandemic
Advance Auto Parts, Inc. $10,106 Public: S&P 500 Retailing Suspended Buyback Program Suspended share buybacks
Advance Auto Parts, Inc. $10,106 Public: S&P 500 Retailing Expanded Benefits Programs Additional flexibility during this time in terms of both our attendance and sick leave policy; implemented emergency pay guidelines which includes additional paid sick time
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Long-Term Incentive Plan Changes Revised current, in-process incentive plan – For many reasons, including the strong leadership of the Executive Officers, the strong financial and operating performance of the Company prior to the pandemic, the Company’s performance during 2020 amid and in response to the pandemic, the pay program disruptions resulting from the pandemic and the other factors discussed in this Form 8-K, on January 28, 2021 the Board of Directors, on the recommendation of the Compensation Committee: Adjusted the terms of the Executive Officers’ 2018 PSU awards to set their payout at 1.33x the number of “target” shares underlying the grants and adjusted the terms of the Executive Officers’ 2019 PSU awards to set their payout at 0.33x the number of “target” shares underlying the grants.
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary The Company’s CEO voluntarily eliminated his salary from April through the end of 2020 and a number of the Company’s other business leaders, including the Company’s CFO, David Goulden, and the Company’s General Counsel, Peter Millones, voluntarily and temporarily reduced their salaries during much of 2020.
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Other business leaders, including Brand CEOs and the CFO, will forgo 100% of salaries from April through the end of 2020
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Executives: Reduced Other Executive Incentive The Executive Officers elected not to receive 2019 bonuses to provide additional funding for bonuses for other employees
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Board of Directors: Reduced Pay Our Board of Directors has reduced cash retainer payments 100% during the same time period
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Reduced Workforce In response to the pandemic, the Company and its senior business leaders proactively took steps to stabilize its business and secure its liquidity position and made a series of difficult decisions, including laying off and furloughing thousands of employees, and significantly reducing expenses
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Furlough of Employees In response to the pandemic, the Company and its senior business leaders proactively took steps to stabilize its business and secure its liquidity position and made a series of difficult decisions, including laying off and furloughing thousands of employees, and significantly reducing expenses
Booking Holdings Inc. $8,897 Public: S&P 500 Retailing Suspended Buyback Program Halted stock buybacks
Ulta Beauty, Inc. $7,398 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary Announced in April that the CEO will forgo 100% of base salary indefinitely and donate $500,000 to Associate Relief Program. Announced that the CEO’s salary would restart effective June 14 after 2-month elimination
Ulta Beauty, Inc. $7,398 Public: S&P 500 Retailing Board of Directors: Reduced Pay Directors will each make personal donations to the COVID-19 relief
Ulta Beauty, Inc. $7,398 Public: S&P 500 Retailing Non-Executives: Guaranteed Pay Continuity Will continue to pay store and salon associates and provide benefits for those who are currently enrolled during this period
Ulta Beauty, Inc. $7,398 Public: S&P 500 Retailing Non-Executives: Additional Payments for On-Site Employees Providing associates actively working at the distribution centers a $2-per-hour wage premium through May 31
Ulta Beauty, Inc. $7,398 Public: S&P 500 Retailing Furlough of Employees Furlough of many store and salon associates effective April 19. Will continue to provide health benefits
Ulta Beauty, Inc. $7,398 Public: S&P 500 Retailing Suspended Buyback Program Suspended stock repurchase program
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On March 2, 2018, Mr. Dzielak was granted 51,280 performance-based stock options that vest 50% subject to the satisfaction of a stock price goal of $200 on September 15, 2021 and the remaining 50% subject to the satisfaction of a stock price goal of $180 on September 30, 2021, with satisfaction of the stock price goal in each case measured on the basis of the average of the closing prices of the Company’s common stock for either the six- or twelve-month period immediately preceding the applicable vest date. The Committee determined that it was appropriate to modify the 2018 Dzielak Performance Options such that in the event that the stock price goal is not satisfied for the $180 target, 50% of the 2018 Dzielak Performance Options will vest on February 15, 2022, representing 4.5 month extension of vesting beyond the performance measurement period, and in the event the stock price goal is not satisfied for the $200 target, the remaining 50% of the 2018 Dzielak Performance Options will vest on February 15, 2023, representing a 17 month extension of vesting beyond the performance measurement period, subject in each case to Mr. Dzielak’s continued employment. In approving the modifications, the Committee took into account a number of factors, including the impact of the COVID-19 pandemic on the travel industry generally
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Executives: Reduced CEO Base Salary CEO agreed to continue to forgo 100% of his base salary for the remainder of 2020
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Executives: Reduced CEO Incentive Compensation CEO cash bonus reduced 100% with respect to 2019, as a result of the pandemic.
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Executives: Reduced Executive Chairman Pay Executive Chair elected to forego 100% of his base salary for the remainder of 2020; Executive Chair did not receive an annual equity award for 2020 or a cash bonus with respect to 2019
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Executives: Reduced Other Executive Base Salary Senior Executives – the Travel Leadership Team – will be taking a reduction in salary of 25% for the balance of the year
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Board of Directors: Reduced Pay The Members of the Board will forgo 100% of cash compensation for the remainder of the year
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Suspended 401(k) Match 401(k) matching contributions in the U.S. will be suspended through the end of the year
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Furlough of Employees We will be implementing furloughs and reduced work week programs for select volume-based teams through August 31
Expedia Group, Inc. $5,199 Public: S&P 500 Retailing Suspended Buyback Program We’re also prudently managing our strong balance sheet and have suspended share repurchases to provide additional flexibility as we navigate this situation
Etsy, Inc. $1,378 Public: S&P 500 Retailing Suspended Buyback Program Temporarily suspended share repurchases
Intel Corporation $77,867 Public: S&P 500 Semiconductors and Semiconductor Equipment Suspended Buyback Program Suspended stock repurchases
Intel Corporation $77,867 Public: S&P 500 Semiconductors and Semiconductor Equipment Expanded Benefits Programs Expanded back-up childcare program, giving employees an additional 15 days to account for school closures
QUALCOMM Incorporated $23,531 Public: S&P 500 Semiconductors and Semiconductor Equipment Suspended Buyback Program Suspended stock repurchases; In the first quarter of fiscal 2021, we resumed stock repurchases under the stock repurchase program, which we had suspended in the third quarter of fiscal 2020 in light of COVID-19 to maintain our financial liquidity position and flexibility
Analog Devices, Inc. $5,603 Public: S&P 500 Semiconductors and Semiconductor Equipment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In June 2020, the Compensation Committee determined for a 2017 Linear Integration PRSU Special that the cumulative revenue goal would have been met at the 80% attainment level but for a two-week shipping delay in orders due to the COVID-19 pandemic. Given the duration of, and reason for, the two-week delay, the Compensation Committee concluded that the participants had demonstrated achievement of the underlying integration and synergy objectives of the Linear Integration PRSUs and determined that, for purposes of exercising negative discretion, it would treat the cumulative revenue goal as having been satisfied at the 80% level. Accordingly, the Compensation Committee reduced the number of Linear Integration PRSUs issuable from 120% to 100% of the target number
Analog Devices, Inc. $5,603 Public: S&P 500 Semiconductors and Semiconductor Equipment Non-Executives: Additional Payments for On-Site Employees Provided onsite employees with additional incentives and benefits to allow for continuity during this very difficult time
Analog Devices, Inc. $5,603 Public: S&P 500 Semiconductors and Semiconductor Equipment Suspended Buyback Program Temporarily suspended our share repurchase program midway through the quarter
Microchip Technology Incorporated $5,274 Public: S&P 500 Semiconductors and Semiconductor Equipment Executives: Reduced CEO Base Salary CEO will take a 20% salary cut effective on April 20, 2020
Microchip Technology Incorporated $5,274 Public: S&P 500 Semiconductors and Semiconductor Equipment Executives: Reduced CEO Incentive Compensation Reduced 2020 annual incentive payouts 100% for quarter 4
Microchip Technology Incorporated $5,274 Public: S&P 500 Semiconductors and Semiconductor Equipment Executives: Reduced Other Executive Base Salary President and other executive staff members will take a 20% salary cut effective on April 20, 2020
Microchip Technology Incorporated $5,274 Public: S&P 500 Semiconductors and Semiconductor Equipment Executives: Reduced Other Executive Incentive Reduced 2020 annual incentive payouts 100% for quarter 4
Microchip Technology Incorporated $5,274 Public: S&P 500 Semiconductors and Semiconductor Equipment Board of Directors: Reduced Pay The Microchip board of directors will also take a 20% cut in their cash compensation effective April 20, 2020
Microchip Technology Incorporated $5,274 Public: S&P 500 Semiconductors and Semiconductor Equipment Non-Executives: Reduced Pay The rest of the non-factory employees in the company will take a 10% salary cut. The salary cuts will be in addition to the reduction of cash bonuses and other discretionary expenses
Microchip Technology Incorporated $5,274 Public: S&P 500 Semiconductors and Semiconductor Equipment Suspended 401(k) Match Suspended Q4 401(K) match
Qorvo, Inc. $3,239 Public: S&P 500 Semiconductors and Semiconductor Equipment Executives: Suspended Raises and/or Bonuses The Committee decided to postpone any base salary increases for NEOs due to the market uncertainties resulting from the COVID-19 pandemic. Further, no changes were made to the target short-term incentive award opportunities for fiscal 2021
Teradyne, Inc. $3,121 Public: S&P 500 Semiconductors and Semiconductor Equipment Suspended Buyback Program Share repurchase program suspended as of April 1, 2020
Microsoft Corporation $143,015 Public: S&P 500 Software and Services Non-Executives: Guaranteed Pay Continuity Committed to continue to pay all vendor hourly service providers regular wages even if their hours are reduced because of COVID-19 concerns
International Business Machines Corporation $73,621 Public: S&P 500 Software and Services Reduced Workforce The company was offering subsidized medical coverage to all laid-off U.S. employees through June 2021
Oracle Corporation $39,068 Public: S&P 500 Software and Services Non-Executives: Guaranteed Pay Continuity Employees who aren’t considered critical or can’t do their jobs remotely will continue to be paid until further notice
Visa Inc. $21,846 Public: S&P 500 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – In August 2020, placed more emphasis on individual performance in the annual incentive plan for fiscal year 2020 by increasing the weighting of the individual performance component to 50% for all of our NEOs, from last year’s weighting of 20% for the CEO and 30% for the other NEOs. The individual performance goals for NEOs that were initially set in October 2019 through January 2020 were also updated in April 2020 to reflect changing business priorities and the extraordinary circumstances caused by COVID-19. The Compensation Committee did not modify the corporate performance goals that were established at the beginning of the fiscal year, prior to the onset of COVID-19, for the annual cash incentive plan or outstanding performance share awards. As a result, the portion of the annual cash incentive plan that relates to fiscal year 2020 Net Income Growth and Net Revenue Growth resulted in no annual incentive payment to our NEOs. Similarly, one-third of each outstanding performance share award held by our NEOs resulted in a fiscal year 2020 Earnings Per Share (“EPS”) performance factor of 0%. Revised go forward incentive plan – Approved a scorecard approach for fiscal year 2021 annual incentive awards. Performance metrics are in four categories, under which formulaic and non-formulaic goals will be pre-established in each category, reviewed during the year, and evaluated at year-end. The categories are Financial Goals; Client Goals; Foundational Business Goals; and ESG, Technology, and Other Corporate Priority Goals
Visa Inc. $21,846 Public: S&P 500 Software and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – approved a scorecard approach for fiscal year 2021 annual incentive awards. Performance metrics are in four categories, under which formulaic and non-formulaic goals will be pre-established in each category, reviewed during the year, and evaluated at year-end. The categories are Financial Goals; Client Goals; Foundational Business Goals; and ESG, Technology, and Other Corporate Priority Goals
Visa Inc. $21,846 Public: S&P 500 Software and Services Expanded Benefits Programs Broadened childcare and benefit offerings
Visa Inc. $21,846 Public: S&P 500 Software and Services Other Pledging not to lay off workers amid the coronavirus unemployment crisis
PayPal Holdings, Inc. $21,454 Public: S&P 500 Software and Services Other Committed to not lay off any employees due to the coronavirus crisis
DXC Technology Company $19,577 Public: S&P 500 Software and Services Suspended or Reduced Dividend Payments Company has elected to suspend payment of a quarterly dividend
salesforce.com, inc. $17,098 Public: S&P 500 Software and Services Non-Executives: Guaranteed Pay Continuity Will continue to pay hourly workers while offices are closed
salesforce.com, inc. $17,098 Public: S&P 500 Software and Services Other Pledged not to conduct any significant lay offs over the next 90 days
Cognizant Technology Solutions Corporation $16,652 Public: S&P 500 Software and Services Suspended Buyback Program Suspended share repurchase activity
Mastercard Incorporated $15,301 Public: S&P 500 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – On December 31, 2020, the Board approved bonus adjustments for all bonus-eligible employees to exclude the impact of the decrease in Personal Consumption Expenditure and cross-border travel from the financial performance metrics, as well as certain other pandemic-related expense savings. The Board also capped the maximum payout of the 2020 bonus at target, resulting in lower payouts compared to the three previous years
Mastercard Incorporated $15,301 Public: S&P 500 Software and Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On December 31, 2020, the Board determined to exclude the financial impact of the decrease in Personal Consumption Expenditure and cross-border travel due to the pandemic from the financial performance targets that determine the 2020 PSU Awards. In addition, the Board also capped PSU payouts at target
Mastercard Incorporated $15,301 Public: S&P 500 Software and Services Suspended Buyback Program Mastercard has temporarily suspended 2020 share repurchase activity
Fiserv, Inc. $14,852 Public: S&P 500 Software and Services Executives: Reduced CEO Base Salary Reduced CEO salary by 100%
Fiserv, Inc. $14,852 Public: S&P 500 Software and Services Executives: Reduced Other Executive Base Salary Reduced COO salary by 100% and other NEOS reduced salary by 20%
Fiserv, Inc. $14,852 Public: S&P 500 Software and Services Board of Directors: Reduced Pay Effective April 9, suspended the payment of 100% of cash compensation payable to non-employee directors
Fiserv, Inc. $14,852 Public: S&P 500 Software and Services Suspended 401(k) Match Suspended the discount on shares purchased under the ESPP for the period from April 1 until December 31
Automatic Data Processing, Inc. $14,590 Public: S&P 500 Software and Services Executives: Reduced CEO Base Salary A voluntary 50% pay cut in base salary by the CEO effective April 2020 and for a period to be determined
Automatic Data Processing, Inc. $14,590 Public: S&P 500 Software and Services Executives: Reduced Other Executive Base Salary A base salary pay cut of 10% for senior management, including the other NEOs, effective May 2020 through August 2020
Automatic Data Processing, Inc. $14,590 Public: S&P 500 Software and Services Non-Executives: One-Time Bonus In March 2020, a one-time payment of $1,000 (or equivalent, based on the average wage parity in each country) was made to each associate of ADP and its subsidiaries, excluding corporate officers
Automatic Data Processing, Inc. $14,590 Public: S&P 500 Software and Services Reduced Workforce In May 2020, the company implemented a combination of furloughs and layoffs, impacting approximately 1,000 employees.
Automatic Data Processing, Inc. $14,590 Public: S&P 500 Software and Services Furlough of Employees In May 2020, the company implemented a combination of furloughs and layoffs, impacting approximately 1,000 employees.
Adobe Inc. $12,868 Public: S&P 500 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Announced on June 8 changes to the outstanding annual incentive plan to (1) revise the minimum performance thresholds, (2) lower the maximum Financial Performance Result from 125% to 110%, and (3) revise the payout scales to align with a revised annual operating plan for fiscal year 2020 as approved by the Board on June 5, 2020 (the “Revised FY20 Operating Plan”). The minimum performance thresholds in the Incentive Plan now require that the Company exceed (1) 60% of the GAAP revenue target set forth in the Revised FY20 Operating Plan and (2) 80% of the non-GAAP earnings per share target set forth in the Revised FY20 Operating Plan, before participants may earn any incentive bonus under the Incentive Plan
Leidos Holdings, Inc. $12,297 Public: S&P 500 Software and Services Executives: Reduced CEO Base Salary CEO donated salary to the company’s relief foundation during the pandemic
Leidos Holdings, Inc. $12,297 Public: S&P 500 Software and Services Board of Directors: Reduced Pay On May 1, approved a reduction in the equity compensation to be provided to members of the Board of Directors for the 2020 fiscal year to eliminate 100% of the annual grants of stock options valued at $50,000 per director. In lieu of the annual option grants for directors, the Company will contribute $500,000 to the Leidos Relief Foundation’s Keith W. Redding Memorial Fund to assist Leidos employees impacted by the COVID-19 virus
Leidos Holdings, Inc. $12,297 Public: S&P 500 Software and Services Furlough of Employees Implemented furloughs
Leidos Holdings, Inc. $12,297 Public: S&P 500 Software and Services Expanded Benefits Programs Commitment to match up to an additional $1 million of employee donations
Intuit Inc. $7,679 Public: S&P 500 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – In response to the uncertainty caused by the COVID-19 pandemic, the CEO and senior management (including the NEOs) agreed to limit cash incentives to 100% of target. Following the close of fiscal 2020, the bonus plan funding formula yielded a baseline funding percentage of 117.9%
Intuit Inc. $7,679 Public: S&P 500 Software and Services Non-Executives: Suspended Raises and/or Bonuses Company-wide efforts to hold salaries flat and limit increases to promotions and market adjustments
Intuit Inc. $7,679 Public: S&P 500 Software and Services Suspended Buyback Program Intuit has temporarily suspended share repurchases under its share repurchase program
Intuit Inc. $7,679 Public: S&P 500 Software and Services Executives: Suspended Raises and/or Bonuses In response to the uncertainty experienced by the onset of the pandemic and to manage expenses and liquidity in a challenging environment, management’s recommendations included not increasing executive base salaries for fiscal 2021
Global Payments Inc. $7,424 Public: S&P 500 Software and Services Executives: Reduced CEO Base Salary CEO will forgo 100% of base salary and bonus for the remainder of 2020
Global Payments Inc. $7,424 Public: S&P 500 Software and Services Executives: Reduced CEO Incentive Compensation CEO will forgo 100% of base salary and bonus for the remainder of 2020
Global Payments Inc. $7,424 Public: S&P 500 Software and Services Executives: Reduced Other Executive Base Salary Executive Leadership Team will forgo 50% of salary for the rest of 2020
Global Payments Inc. $7,424 Public: S&P 500 Software and Services Executives: Reduced Other Executive Incentive Executive Leadership Team will forgo 100% of bonuses for the rest of 2020
Global Payments Inc. $7,424 Public: S&P 500 Software and Services Board of Directors: Reduced Pay All cash retainers reduced 100% for 2020
Global Payments Inc. $7,424 Public: S&P 500 Software and Services Non-Executives: Reduced Pay Reducing all salaries by 10% for the remainder of 2020
Global Payments Inc. $7,424 Public: S&P 500 Software and Services Furlough of Employees Confirmed it has furloughs happening across the company, including at its headquarters
The Western Union Company $4,835 Public: S&P 500 Software and Services Suspended Buyback Program The Company has temporarily paused share repurchases
Broadridge Financial Solutions, Inc. $4,529 Public: S&P 500 Software and Services Annual Incentive Plan Changes Modified the Executive Chairman’s incentive compensation effective as of July 1, 2020. Target cash incentive was decreased to 100% of base salary from 125% of base salary
Broadridge Financial Solutions, Inc. $4,529 Public: S&P 500 Software and Services Long-Term Incentive Plan Changes Modified the Executive Chairman’s incentive compensation effective as of July 1, 2020. Fiscal year 2021 annual equity award target value was decreased to $300,000 from $2,812,500, to be split equally between performance-based restricted stock unit and stock option awards
Broadridge Financial Solutions, Inc. $4,529 Public: S&P 500 Software and Services Other Under the Matching Gift Program, the Broadridge Foundation provides up to $10,000 per calendar year in matching of charitable contributions made to qualified tax-exempt organizations on behalf of executive officers. As part of our response to the Covid-19 pandemic, Broadridge provided a double match for associate donations to certain Covid-19 relief organizations. The Compensation Committee approved the participation of executive officers in the double match program; the additional match amounts do not count towards the $10,000 calendar year maximum
Broadridge Financial Solutions, Inc. $4,529 Public: S&P 500 Software and Services Executives: Suspended Raises and/or Bonuses In September 2020, determined to not award base salary increases to the NEOs for fiscal year 2021 due to the impact of the Covid-19 pandemic, in alignment with actions taken for all associates other than certain production associates and associates in India
ServiceNow, Inc. $4,519 Public: S&P 500 Software and Services Annual Incentive Plan Changes Lowered the annual internal targets for the Cash Incentive in line with the Company’s adjusted internal annual financial plan due to COVID-19
ServiceNow, Inc. $4,519 Public: S&P 500 Software and Services Long-Term Incentive Plan Changes Lowered the annual internal targets for PRSU awards in line with the Company’s adjusted internal annual financial plan due to COVID-19
ServiceNow, Inc. $4,519 Public: S&P 500 Software and Services Expanded Workforce The company plans to fill 1,000 jobs worldwide, as well as hire 360 college students as interns this summer, as they continue to expand their workforce
ServiceNow, Inc. $4,519 Public: S&P 500 Software and Services Other Pledged that it would not lay off a single employee in 2020
Gartner, Inc. $4,190 Public: S&P 500 Software and Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On February 3, 2021, the Committee determined to use its discretion under the Plan to approve a PSU payout at 95% of target. In deciding to exercise this discretion to adjust the PSU payout, the Committee considered the Corporation’s strong overall performance in 2020 despite the significant negative impact of the COVID-19 pandemic
Gartner, Inc. $4,190 Public: S&P 500 Software and Services Reduced Workforce In April 2020, the Company committed to workforce reductions and implemented an employee furlough program within the Conferences segment, affecting approximately 45% of total Conference employees (approximately 3% of total Company employees)
Gartner, Inc. $4,190 Public: S&P 500 Software and Services Furlough of Employees In April 2020, the Company committed to workforce reductions and implemented an employee furlough program within the Conferences segment, affecting approximately 45% of total Conference employees (approximately 3% of total Company employees)
Gartner, Inc. $4,190 Public: S&P 500 Software and Services Suspended Buyback Program Suspended share repurchase activity
Paychex, Inc. $4,041 Public: S&P 500 Software and Services Annual Incentive Plan Changes A discretionary bonus of $62,560 was paid to the SVP, Sales for fiscal 2020 to align his total payout with other SVPs due to the significant impact of COVID-19 on sales results in the fourth quarter which impacted his non-equity incentive compensation
Paychex, Inc. $4,041 Public: S&P 500 Software and Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Elected to exercise discretion to pro-rate LTIP payout for the first 45 months of the 48 month performance period (pro-rate LTIP through February 29, 2020)
Paychex, Inc. $4,041 Public: S&P 500 Software and Services Executives: Reduced CEO Base Salary On June 18, 2020, the CEO and other NEOs elected to reduce their salaries for the fiscal year ending May 31, 2021 (fiscal 2021) by 20% from July 1, 2020 through December 31, 2020
Paychex, Inc. $4,041 Public: S&P 500 Software and Services Executives: Reduced Other Executive Base Salary On June 18, 2020, the CEO and other NEOs elected to reduce their salaries for the fiscal year ending May 31, 2021 (fiscal 2021) by 20% from July 1, 2020 through December 31, 2020
Paychex, Inc. $4,041 Public: S&P 500 Software and Services Board of Directors: Reduced Pay The Board elected to temporarily take a 20% reduction in annual cash retainer fees, not including committee and chair retainers, from July 1, 2020 through December 31, 2020
Autodesk, Inc. $3,274 Public: S&P 500 Software and Services Annual Incentive Plan Changes For fiscal 2021, the Committee mitigated the impact of such uncertainty by reducing complexity of the bonus awards, focusing on revenue as a sole performance metric, and retaining discretion over the bonus
Autodesk, Inc. $3,274 Public: S&P 500 Software and Services Long-Term Incentive Plan Changes Reducing complexity, focusing on total revenue as the sole performance metric and retaining discretion over the PSUs that otherwise would be payable based on actual performance
Apple Inc. $274,515 Public: S&P 500 Technology Hardware and Equipment Non-Executives: Guaranteed Pay Continuity Hourly workers will continue to receive pay in alignment with business as usual operations
Apple Inc. $274,515 Public: S&P 500 Technology Hardware and Equipment Expanded Benefits Programs Matching employee donations two-to-one to support COVID-19 response efforts locally, nationally and internationally. Expanded leave policies to accommodate personal or family health circumstances created by COVID-19
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – In recognition of critical financial, operational and strategic priorities that surfaced during the year in connection with the COVID-19 pandemic, the committee has adopted an additional structured framework to guide potential discretionary decisions. The Committee may exercise discretion to adjust fiscal 2020 bonus funding under the AIP, based on the achievements in employee safety and engagement, operations execution, financial metrics including around revenue improvement, liquidity, and progress against previously announced cost savings and optimization plan, and progress against strategic pivot to everything-as-a-service.
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced CEO Base Salary July 1 through December 31 reduced CEO and EVP salaries 25%
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary For the period beginning on July 1, 2020 through the remainder of fiscal 2020, the base salaries of each executive officer at the Executive Vice President level, will be reduced by 25%, and the base salary of each executive officer at the Senior Vice President level will be reduced by 20%
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Board of Directors: Reduced Pay July 1 through December 31 reduced by 25% the portion of the annual $100,000 cash retainer to which each director is entitled
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Non-Executives: Suspended Raises and/or Bonuses Salary freeze through October 31
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Furlough of Employees For employees that live in countries where pay reductions are not legally permitted, HPE is implementing unpaid leave.
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Suspended Buyback Program HPE has suspended purchases under its share repurchase program
Hewlett Packard Enterprise Company $26,982 Public: S&P 500 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses Salary freeze through October 31
CDW Corporation $18,468 Public: S&P 500 Technology Hardware and Equipment Suspended Buyback Program Temporarily suspended share repurchases from March 2020 through October 2020; In November 2020, announced the resumption of our share repurchase program
Western Digital Corporation $16,736 Public: S&P 500 Technology Hardware and Equipment Non-Executives: Guaranteed Pay Continuity Continued pay for employees who could not work from home
Western Digital Corporation $16,736 Public: S&P 500 Technology Hardware and Equipment Non-Executives: Additional Payments for On-Site Employees Offered premium pay for certain hourly essential workers
Western Digital Corporation $16,736 Public: S&P 500 Technology Hardware and Equipment Suspended or Reduced Dividend Payments Announced April 30 that it is suspending its dividend
TE Connectivity Ltd. $12,172 Public: S&P 500 Technology Hardware and Equipment Annual Incentive Plan Changes Revised go forward incentive plan – For FY2021, there will be two performance intervals with one payout at the end of the fiscal year. This design will allow the Company to establish quantitative financial goals for the first half and second half of the fiscal year. The Company views this change as temporary and necessary to adequately motivate and reward performance
TE Connectivity Ltd. $12,172 Public: S&P 500 Technology Hardware and Equipment Furlough of Employees Furloughed some employees
TE Connectivity Ltd. $12,172 Public: S&P 500 Technology Hardware and Equipment Expanded Benefits Programs 2:1 match on employee donations to specific medical facilities near major TE locations nationwide
Corning Incorporated $11,303 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Effective June 1, the base salary of the Company’s CEO will be reduced by 40% through December 31. The Company will issue equity in the form of RSUs and stock options, in an amount equivalent to the employee’s salary reduction on the grant date
Corning Incorporated $11,303 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Effective June 1, NEO salaries will be reduced by 30% through December 31. The Company will issue equity in the form of RSUs and stock options, in an amount equivalent to the employee’s salary reduction on the grant date
Corning Incorporated $11,303 Public: S&P 500 Technology Hardware and Equipment Board of Directors: Reduced Pay Effective June 1, each non-employee director’s cash compensation will be reduced by 40% through December 31. Each non-employee director will receive restricted stock units in an amount equivalent to the director’s fee reduction
Corning Incorporated $11,303 Public: S&P 500 Technology Hardware and Equipment Non-Executives: Reduced Pay Reducing the salaries, from 5% to 30%, for all other salaried employees in the United States from June 1 through December 31. The Company will issue equity in the form of RSUs and stock options, in an amount equivalent to the employee’s salary reduction on the grant date
Corning Incorporated $11,303 Public: S&P 500 Technology Hardware and Equipment Non-Executives: Additional Payments for On-Site Employees Additional compensation over the next month for employees who must continue working in facilities deemed essential
Corning Incorporated $11,303 Public: S&P 500 Technology Hardware and Equipment Reduced Workforce Layoffs happened because “a number” of employees at workplaces that are deemed non-essential by the mandate cannot perform their jobs remotely
Corning Incorporated $11,303 Public: S&P 500 Technology Hardware and Equipment Suspended Buyback Program We plan to maintain our dividend and have paused share buybacks
Xerox Holdings Corporation $7,022 Public: S&P 500 Technology Hardware and Equipment Long-Term Incentive Plan Changes Approved grants of RSUs under the Company’s Performance Incentive Plan to employees, including NEOs, who had received grants of PSUs in 2019 and/or 2020 that are subject to performance metrics that have been permanently adversely impacted by the COVID-19 pandemic. The grant-date value of the new RSUs for each recipient is expected to approximate 50% of the grant-date value of the recipient’s 2019 and/or 2020 PSUs. These special Awards and RSU grants are not intended to take the place of the Company’s 2021 regular annual cash and equity incentive programs
Xerox Holdings Corporation $7,022 Public: S&P 500 Technology Hardware and Equipment Executives: Granted Discretionary Award Approved cash retention incentive awards to approximately 1,350 management level employees of the Company. The value of the Awards will not exceed 50% of the 2020 target award amounts the Committee had established under its regular annual cash incentive program. Although the results for 2020 will not be certified until early 2021, the Company’s financial results reported to date indicate that the threshold metrics for payment will not be met as a result of the shutdown of customers’ on-site office environments in response to the COVID-19 pandemic. The Awards are not intended to replace the 2020 MIP. Award amounts approved for the Company’s NEOs include $900K for the CEO and range between $205.32K and $287.5K for the other NEOs. These special Awards and RSU grants are not intended to take the place of the Company’s 2021 regular annual cash and equity incentive programs
Xerox Holdings Corporation $7,022 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation Lower compensation incentives consistent with lower sales and operating results
Xerox Holdings Corporation $7,022 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced Other Executive Incentive Lower compensation incentives consistent with lower sales and operating results
Xerox Holdings Corporation $7,022 Public: S&P 500 Technology Hardware and Equipment Non-Executives: Reduced Pay Lower compensation incentives consistent with lower sales and operating results
Xerox Holdings Corporation $7,022 Public: S&P 500 Technology Hardware and Equipment Suspended 401(k) Match Temporary suspension of 401(k) matching contributions
NetApp, Inc. $5,412 Public: S&P 500 Technology Hardware and Equipment Suspended Buyback Program During the first quarter of fiscal 2021 the Company announced the suspension of our stock repurchases
Zebra Technologies Corporation $4,448 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Reduced CEO salary by 30% for a period of 3 months
Zebra Technologies Corporation $4,448 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Reduced salaries of other executive officers by 20% for a period of 3 months
Zebra Technologies Corporation $4,448 Public: S&P 500 Technology Hardware and Equipment Board of Directors: Reduced Pay Reduced cash compensation for directors by 30% for 3 months
Trimble Inc. $3,148 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Temporary 50% in the base salaries of most of the executive officers
Trimble Inc. $3,148 Public: S&P 500 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Temporary 50% in the base salaries of most of the executive officers
Trimble Inc. $3,148 Public: S&P 500 Technology Hardware and Equipment Board of Directors: Reduced Pay Temporary reduction of 50% in the annual cash retainer fees payable to non-employee directors
Trimble Inc. $3,148 Public: S&P 500 Technology Hardware and Equipment Suspended Buyback Program Suspended its share repurchase activities in May
FLIR Systems, Inc. $1,888 Public: S&P 500 Technology Hardware and Equipment Suspended Buyback Program Pause its share repurchase activity for the foreseeable future.
AT&T Inc. $171,760 Public: S&P 500 Telecommunication Services Non-Executives: One-Time Bonus 20% bonus above regular hourly base rate of pay to bargained-for employees for all time worked in the field, office or at home effective March 25 through May 8
AT&T Inc. $171,760 Public: S&P 500 Telecommunication Services Non-Executives: Additional Payments for On-Site Employees We are recognizing first-level managers who supervise our non-management employees and first-level managers who are required to leave their homes to complete their work with a monthly appreciation bonus of up to $1,000 for time worked, effective March 25 through May 8
AT&T Inc. $171,760 Public: S&P 500 Telecommunication Services Suspended Buyback Program Canceled previously disclosed $4B accelerated share-repurchase agreement, as well as any other repurchases
AT&T Inc. $171,760 Public: S&P 500 Telecommunication Services Expanded Benefits Programs Providing up to 80 hours of paid time off to employees who cannot work from home
Verizon Communications Inc. $128,292 Public: S&P 500 Telecommunication Services Non-Executives: Guaranteed Pay Continuity Reduced by 50% the number of employees working shifts in our retail locations and we are paying employees for any shifts they may miss due to these scheduling changes
Verizon Communications Inc. $128,292 Public: S&P 500 Telecommunication Services Non-Executives: Additional Payments for On-Site Employees Eligible retail employees will receive an increase in their base hourly rate when working in a corporate-owned retail location; The company’s eligible network, logistics and real estate employees, including field technicians, will receive an enhancement on top of their regular base wages
Verizon Communications Inc. $128,292 Public: S&P 500 Telecommunication Services Expanded Benefits Programs Those who contract the virus are eligible for up to 26 weeks paid leave; For employees caring for someone who’s been infected, for employees directed to stay home due to an underlying medical condition and for employees who have trouble finding childcare at this time, Verizon provides 8 weeks of pay at full pay and, if needed, an additional six weeks with 60% of their base wage
Verizon Communications Inc. $128,292 Public: S&P 500 Telecommunication Services Other Preparing to re-train and re-deploy thousands of its retail employees to work-from-home functions
T-Mobile US, Inc. $68,397 Public: S&P 500 Telecommunication Services Expanded Benefits Programs 2:1 match for employees who want to give additional funds to Feeding America or the CDC Foundation
Lumen Technologies, Inc. $20,712 Public: S&P 500 Telecommunication Services Executives: Reduced CEO Base Salary Reductions in salaries and wages and employee-related expenses from lower headcount
Lumen Technologies, Inc. $20,712 Public: S&P 500 Telecommunication Services Executives: Reduced Other Executive Base Salary Reductions in salaries and wages and employee-related expenses from lower headcount
Lumen Technologies, Inc. $20,712 Public: S&P 500 Telecommunication Services Non-Executives: Reduced Pay Reductions in salaries and wages and employee-related expenses from lower headcount
Lumen Technologies, Inc. $20,712 Public: S&P 500 Telecommunication Services Reduced Workforce Lowered headcount
Lumen Technologies, Inc. $20,712 Public: S&P 500 Telecommunication Services Expanded Benefits Programs Introduced additional emergency PTO and expansion of short-term disability benefits
United Parcel Service, Inc. $84,628 Public: S&P 500 Transportation Suspended Buyback Program Suspending stock buybacks for the year
United Parcel Service, Inc. $84,628 Public: S&P 500 Transportation Expanded Benefits Programs 10-day paid-leave policy that covers approximately 300,000 full- and part-time hourly employees (primarily drivers, package handlers and mechanics) if they should become directly impacted by the novel Coronavirus
FedEx Corporation $69,217 Public: S&P 500 Transportation Annual Incentive Plan Changes Revised go forward incentive plan – Eliminated 2021 bonus plan and instead granted special RSU awards equal to approximately 50% of each NEO’s annual RSU award other than the CEO
FedEx Corporation $69,217 Public: S&P 500 Transportation Long-Term Incentive Plan Changes Revised go forward incentive plan – Granted special RSU awards equal to approximately 50% of each NEO’s annual RSU award other than the CEO after eliminating 2021 bonus plan
FedEx Corporation $69,217 Public: S&P 500 Transportation Executives: Granted Discretionary Award The CEO and COO will each receive a one-time, special stock option grant with an exercise price of $130.96 that will vest ratably over four years beginning on June 15, 2021. The filing did not note the size of the stock options grants. FedEx’s stock price on June 15, 2020, was $133.68
FedEx Corporation $69,217 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary CEO approved a 91% reduction in base salary for the six-month period from April 1, 2020 to September 30, 2020
FedEx Corporation $69,217 Public: S&P 500 Transportation Executives: Reduced CEO Incentive Compensation Given the current economic and business uncertainty resulting from the COVID-19 pandemic, canceled 100% of annual incentive compensation plan for executive officers for fiscal 2021
FedEx Corporation $69,217 Public: S&P 500 Transportation Executives: Reduced Other Executive Incentive Given the current economic and business uncertainty resulting from the COVID-19 pandemic, canceled 100% of annual incentive compensation plan for executive officers for fiscal 2021
FedEx Corporation $69,217 Public: S&P 500 Transportation Furlough of Employees Temporarily furloughing “a small number” of employees
Union Pacific Corporation $19,533 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary Executives will see a 25% reduction in pay in May, June, July and August
Union Pacific Corporation $19,533 Public: S&P 500 Transportation Executives: Reduced Other Executive Base Salary Executives will see a 25% reduction in pay in May, June, July and August
Union Pacific Corporation $19,533 Public: S&P 500 Transportation Board of Directors: Reduced Pay Board members will see a 25% reduction in pay in May, June, July and August
Union Pacific Corporation $19,533 Public: S&P 500 Transportation Non-Executives: Reduced Pay Every non-union UP employee will take one week of unpaid leave in May, June, July and August
Union Pacific Corporation $19,533 Public: S&P 500 Transportation Furlough of Employees At the end of the first quarter, approximately 3,800 employees across all crafts were either furloughed or in alternate work status
Union Pacific Corporation $19,533 Public: S&P 500 Transportation Suspended Buyback Program Suspended share repurchase activity
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary CEO salary reduced 55% through the end of June
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Executives: Reduced Other Executive Base Salary Effective April 1st, reduced NEO salaries by 50% through the end of June, except for the President who had their salary reduced by 55%
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Board of Directors: Reduced Pay Cash compensation reduced 100% through August 30
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Non-Executives: Suspended Raises and/or Bonuses Pausing compensation increases
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Reduced Workforce Workforce reduction amounts to more than 5,000 of American’s roughly 17,000 management and support workers. The airline said it would accept volunteers to take buyouts through June 10 and make forced cuts if there aren’t enough. Those decisions will be announced in July, and employees will remain on the payroll through Sept. 30; Effective October 1, the airline estimates total employment will be 40,000 less than pre-pandemic levels due to additional layoffs, voluntary separations, and early retirement programs
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Furlough of Employees Voluntary unpaid leave in addition to the hiring and pay freezes, early retirement options (15+ year service); On August 25, the airline informed its employees of the need to furlough approximately 17,500 U.S.-based employees effective Oct. 1
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Suspended Buyback Program Suspended its share buyback plan after taking nearly $11 billion in government assistance from the CARES Act
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Executives: Suspended Raises and/or Bonuses Pausing compensation increases
American Airlines Group Inc. $17,337 Public: S&P 500 Transportation Suspended or Reduced Dividend Payments Suspended its dividend plan after taking nearly $11 billion in government assistance from the CARES Act
Delta Air Lines, Inc. $17,095 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for a six-month period
Delta Air Lines, Inc. $17,095 Public: S&P 500 Transportation Executives: Reduced Other Executive Base Salary Officers and MDs will take salary reductions through June 30 of 50% and 25%, respectively
Delta Air Lines, Inc. $17,095 Public: S&P 500 Transportation Board of Directors: Reduced Pay Pay reduced 100% for six-months
Delta Air Lines, Inc. $17,095 Public: S&P 500 Transportation Furlough of Employees Making voluntary leave available for 13,000 employees. Employees will continue to have access to health and flight benefits while on leave
Delta Air Lines, Inc. $17,095 Public: S&P 500 Transportation Suspended Buyback Program Delta suspended the stock repurchase program
Delta Air Lines, Inc. $17,095 Public: S&P 500 Transportation Suspended or Reduced Dividend Payments Delta suspended future dividend payments
C.H. Robinson Worldwide, Inc. $16,207 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary The Company approved temporary 50% salary reductions from May 1, 2020 to July 31, 2020 for the CEO
C.H. Robinson Worldwide, Inc. $16,207 Public: S&P 500 Transportation Executives: Reduced Other Executive Base Salary The Company approved temporary 20% salary reductions from May 1, 2020 to July 31, 2020 for executive officers.
C.H. Robinson Worldwide, Inc. $16,207 Public: S&P 500 Transportation Board of Directors: Reduced Pay The Company’s Board of Directors approved 50% reductions in the base annual retainer payments for members of the board from May 1, 2020 to July 31, 2020
C.H. Robinson Worldwide, Inc. $16,207 Public: S&P 500 Transportation Suspended 401(k) Match Temporarily suspending 401(k) retirement plan matching
C.H. Robinson Worldwide, Inc. $16,207 Public: S&P 500 Transportation Furlough of Employees Accelerating the use of paid time off, and temporarily furloughing approximately 7% of U.S and Canadian employees for 90 days effective May 1. Those furloughed will have their medical insurance and other benefits covered
C.H. Robinson Worldwide, Inc. $16,207 Public: S&P 500 Transportation Suspended Buyback Program We have temporarily suspended share repurchase activity
United Airlines Holdings, Inc. $15,355 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary CEO will forgo 100% of salary until June 2020
United Airlines Holdings, Inc. $15,355 Public: S&P 500 Transportation Executives: Reduced Other Executive Base Salary President is forgoing 100% of salary until June 2020
United Airlines Holdings, Inc. $15,355 Public: S&P 500 Transportation Board of Directors: Reduced Pay Non-employee directors waived 100% of cash compensation for second and third quarters of 2020
United Airlines Holdings, Inc. $15,355 Public: S&P 500 Transportation Reduced Workforce Announced in May layoffs for 3,400 employees on its administrative staff on October 1. Announced in July that layoffs will instead affect 36,000, or 45% of its front-line workers in the U.S.
United Airlines Holdings, Inc. $15,355 Public: S&P 500 Transportation Furlough of Employees Furloughed 13,000 employees in October
United Airlines Holdings, Inc. $15,355 Public: S&P 500 Transportation Suspended Buyback Program Company suspended share buybacks under its existing share repurchase program on Monday, February 24, 2020 after the virus outbreak expanded to Italy
CSX Corporation $10,583 Public: S&P 500 Transportation Furlough of Employees Initiated voluntary furlough of majority of employees
Norfolk Southern Corporation $9,789 Public: S&P 500 Transportation Annual Incentive Plan Changes Revised current, in-process incentive plan – At the January 4, 2021 meeting, the Committee reviewed the preliminary corporate performance results for the 2020 performance measures that the Committee established in January 2020 for operating ratio and operating income under the EMIP. The EMIP permits the Committee to use its discretion to increase corporate performance achievement up to certain maximums. The Committee determined to use its discretion under EMIP to increase the 2020 corporate performance achievement to slightly less than half of the EMIP award target that the Committee set in January 2020. In deciding to use this discretion to adjust the annual incentive payout, the Committee considered that the Corporation’s overall performance in 2020 was strong but that the year’s performance was significantly impacted by a volume and revenue trough in the second quarter resulting from business shutdowns and slowdowns caused by the COVID-19 pandemic
J.B. Hunt Transport Services, Inc. $9,637 Public: S&P 500 Transportation Non-Executives: One-Time Bonus One-time bonus of $500 for drivers and personnel at field operations and customer facilities to be paid March 27
Southwest Airlines Co. $9,048 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary CEO salary reduced 20% May through September and 100% effective in October
Southwest Airlines Co. $9,048 Public: S&P 500 Transportation Board of Directors: Reduced Pay Reduced board cash retainer fees by 20%
Southwest Airlines Co. $9,048 Public: S&P 500 Transportation Furlough of Employees Implemented voluntary time-off programs
Southwest Airlines Co. $9,048 Public: S&P 500 Transportation Suspended Buyback Program Dividends and share repurchase programs suspended until further notice
Southwest Airlines Co. $9,048 Public: S&P 500 Transportation Suspended or Reduced Dividend Payments Dividends and share repurchase programs suspended until further notice
Old Dominion Freight Line, Inc. $4,015 Public: S&P 500 Transportation Non-Executives: One-Time Bonus Provided non-executive employees with a special bonus payment as a way of thanking them for their extraordinary effort in serving our customers through this pandemic
Old Dominion Freight Line, Inc. $4,015 Public: S&P 500 Transportation Furlough of Employees Implemented an employee furlough program for 15% of employees. For the duration of this program, we will provide health benefits for these employees at no cost, and they will also retain their seniority with the company
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Executives: Reduced CEO Base Salary CEO will forgo 100% of salary through September 30th
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Executives: Reduced Other Executive Base Salary Salary reduction of 100% for President, 30% for EVPs and SVPs, and 20% for VPs and MDs through September 30th
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Board of Directors: Reduced Pay Cash retainers reduced 100% through September 30
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Non-Executives: Reduced Pay 20% pay decrease for VPs and MDs April through September 30
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Non-Executives: Suspended Raises and/or Bonuses Suspended annual pay increases
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Furlough of Employees Offer employees unpaid leaves of absence for 30, 60 and 90 day time-frames
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Suspended Buyback Program Suspended share buyback program through September 30, 2021
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Executives: Suspended Raises and/or Bonuses Suspended annual pay increases
Alaska Air Group, Inc. $3,566 Public: S&P 500 Transportation Suspended or Reduced Dividend Payments Suspended cash dividend through September 30, 2021
Kansas City Southern $2,633 Public: S&P 500 Transportation Furlough of Employees Reduced April 2020 headcount reflects end of month headcount, in order to capture furlough actions taken late in the month
Duke Energy Corporation $23,868 Public: S&P 500 Utilities Non-Executives: One-Time Bonus $1,500 stipend to assist with unplanned expenses to employees at a certain pay threshold
Duke Energy Corporation $23,868 Public: S&P 500 Utilities Expanded Benefits Programs Providing five additional personal days off to employees who experience a disruption in dependent care due to school, daycare or other child-related care
Dominion Energy, Inc. $14,172 Public: S&P 500 Utilities Expanded Benefits Programs The Company provided 80 hours of additional leave for those sick with the virus, caring for someone sick with the virus, or dealing with unexpected child care needs. The Company also provided free coronavirus testing under its health plans, and a relief fun to help employees facing financial hardships as a result of the pandemic
CenterPoint Energy, Inc. $12,120 Public: S&P 500 Utilities Suspended or Reduced Dividend Payments Reduced dividend payment from $0.29 to $0.15 per share
Xcel Energy Inc. $11,526 Public: S&P 500 Utilities Executives: Reduced CEO Incentive Compensation Reductions variable compensation
Xcel Energy Inc. $11,526 Public: S&P 500 Utilities Executives: Reduced Other Executive Incentive Reductions variable compensation
Xcel Energy Inc. $11,526 Public: S&P 500 Utilities Non-Executives: Reduced Pay Reductions variable compensation
Xcel Energy Inc. $11,526 Public: S&P 500 Utilities Reduced Workforce Reductions of employee expenses
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Long-Term Incentive Plan Changes On November 18, 2020, the Board approved grants of performance-based Career Share PRSUs (under a new “Performance-Based Career Shares Award Agreement” as of the effective date of the grant) that will be earned contingent on achievement of liquidity (1/3), backlog (1/3), and total shareholder return (1/3) measured from November 1, 2020 through December 31, 2021, which must be no less than the median relative to an auto supplier peer group
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary On April 10, 2020, the Company reduced salaries by 10% for NEOs for the remainder of 2020 and implemented a 20% salary deferral for all employees. On November 18, 2020, the Company announced that the base salary rates that were in effect immediately prior to the deferrals and reductions will be restored, and the salary amounts deferred by the named executive officers will be repaid by December 31, 2020
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Base Salary NEO salaries reduced 5% for the remainder of 2020 in addition to 5% salary deferral for all employees
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay On April 10, 2020, the Board reduced cash retainer fees by 25% for the remainder of 2020. On November 18, 2020, the Company announced that the reduction in non-employee director cash retainer fees will end effective immediately, and the fees in place before the reduction will be reinstated for the remainder of 2020
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Non-Executives: Reduced Pay Temporary 20% salary deferral for all U.S. and Canadian salaried employees
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Furlough of Employees In response to the COVID-19 pandemic, the Company reduced hourly factory worker costs through temporary layoffs
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Suspended Buyback Program Temporarily suspending share repurchases
Lear Corporation $17,046 Public: S&P 400 Automobiles and Components Suspended or Reduced Dividend Payments Temporarily suspending quarterly dividend
Adient plc $12,670 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Effective April 20th, CEO salary reduced and deferred until July 15, 2020; Effective July 1st, certain employees, including executive officers, will be granted RSU awards in lieu of 10-30% of salary and other compensatory benefits that are being foregone by each recipient from the time period beginning July 1, 2020 through June 30, 2021
Adient plc $12,670 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Base Salary Reduced salaries by 20% for all U.S.-based employees until June 30, 2020; Effective July 1st, certain employees, including executive officers, will be granted RSU awards in lieu of 10%-30% of salary and other compensatory benefits that are being foregone by each recipient from the time period beginning July 1, 2020 through June 30, 2021
Adient plc $12,670 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay Reduced board fees by 20%
Adient plc $12,670 Public: S&P 400 Automobiles and Components Non-Executives: Reduced Pay Reduced salaries by 20% for all U.S.-based employees until June 30, 2020; Effective July 1st, certain employees will be granted RSU awards in lieu of 10% to 30% of salary and other compensatory benefits that are being foregone by each recipient from the time period beginning July 1, 2020 through June 30, 2021
Adient plc $12,670 Public: S&P 400 Automobiles and Components Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based increase
Adient plc $12,670 Public: S&P 400 Automobiles and Components Suspended 401(k) Match The Company suspended company matching and non-matching contributions to the U.S. 401(k) retirement plans
Adient plc $12,670 Public: S&P 400 Automobiles and Components Furlough of Employees Furloughed direct/salary plant workers
Adient plc $12,670 Public: S&P 400 Automobiles and Components Executives: Suspended Raises and/or Bonuses Suspended merit-based increase
Adient plc $12,670 Public: S&P 400 Automobiles and Components Suspended or Reduced Dividend Payments Effective in May, suspended future dividends
The Goodyear Tire & Rubber Company $12,321 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Base salary reduction will be 25% of total base salary, with additional 25% of his total base salary deferred April 1 to June 30 to be paid no later than March 2021
The Goodyear Tire & Rubber Company $12,321 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Base Salary Base salary reduction for NEOs will be 10% of total base salary, with additional 20% of total base salary deferred April 1 to June 30 to be paid no later than March 2021
The Goodyear Tire & Rubber Company $12,321 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay The company is also implementing actions to reduce its payroll costs including substantial salary reductions and deferrals for the company’s directors
The Goodyear Tire & Rubber Company $12,321 Public: S&P 400 Automobiles and Components Non-Executives: Reduced Pay The company is also implementing actions to reduce its payroll costs including temporary salary reductions and salary deferrals covering over 9,000 of its corporate and business unit associates
The Goodyear Tire & Rubber Company $12,321 Public: S&P 400 Automobiles and Components Furlough of Employees The company is also implementing actions to reduce its payroll costs including furloughs
The Goodyear Tire & Rubber Company $12,321 Public: S&P 400 Automobiles and Components Suspended or Reduced Dividend Payments Temporarily suspends quarterly dividend, reduces 2020 capital expenditures to further enhance liquidity
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Effective in April, CEO Bob Martin reduced his base compensation 100% and will forgo all cash compensation until further notice. As of June 2, 2020, the company has restored salaries of all employees impacted by salary reductions to pre-pandemic levels
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Incentive Compensation Effective in April, CEO Bob Martin reduced his base compensation to zero and will forgo 100% of cash compensation until further notice. As of June 2, 2020, the company has restored salaries of all employees impacted by salary reductions to pre-pandemic levels
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Base Salary Effective in April, NEOs and other key executives of the Company will be taking at least a 40% reduction in base salary and will forego all other cash compensation resulting in an expected reduction of nearly 85 percent of their total compensation. As of June 2, 2020, the company has restored salaries of all employees impacted by salary reductions to pre-pandemic levels
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Incentive Effective in April, NEOs and other key executives will forego 100% of cash compensation resulting in an expected reduction of nearly 85% of their total compensation. As of June 2, 2020, the company has restored salaries of all employees impacted by salary reductions to pre-pandemic levels
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay Effective in April cash compensation reduced 40% until further notice. As of June 2, 2020, the company has restored salaries of all employees impacted by salary reductions to pre-pandemic levels
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Non-Executives: Reduced Pay Effective in April, many employees across the Company have seen a reduction in cash compensation. Company does not expect to pay any cash bonuses until further notice, which it believes will be likely through the end of its fiscal year which ends July 31. As of June 2, 2020, the company has restored salaries of all employees impacted by salary reductions to pre-pandemic levels
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Reduced Workforce Furloughed or laid off a number of valuable team members
Thor Industries, Inc. $8,168 Public: S&P 400 Automobiles and Components Furlough of Employees Furloughed or laid off a number of valuable team members
Dana Incorporated $7,106 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Reduced CEO salary 50% beginning in April
Dana Incorporated $7,106 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Base Salary Reduced salaries of all employees 20% to 50% beginning in April
Dana Incorporated $7,106 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay Reduced board of director pay beginning in April
Dana Incorporated $7,106 Public: S&P 400 Automobiles and Components Reduced Workforce The Company made headcount reductions across its operations in response to the COVID-19 pandemic
Dana Incorporated $7,106 Public: S&P 400 Automobiles and Components Suspended Buyback Program Temporarily suspended the repurchase of common stock
Dana Incorporated $7,106 Public: S&P 400 Automobiles and Components Suspended or Reduced Dividend Payments Announced April 16 that it will temporarily suspend its common stock dividend
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Executives: Granted Discretionary Award On December 15, 2020, the Board approved a discretionary “Resilience Bonus” to be paid to all eligible employees, including three NEOs, equal to an amount of 60% of each employee’s 2020 bonus target. The Company had previously cancelled all payments under any short-term incentive plan with respect to 2020 performance
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Salary reduced 100%. Salary reductions will be reassessed at the end of the second quarter
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Base Salary Salaries of the executive leadership cut by 30%. Salary reductions will be reassessed at the end of the second quarter
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay Salary reduced 100%. Salary reductions will be reassessed at the end of the second quarter
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Non-Executives: Reduced Pay Salaried employees would see a reduction of between 10% to 20%. Salary reductions will be reassessed at the end of the second quarter
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Non-Executives: One-Time Bonus On December 15, 2020, the Board approved a discretionary “Resilience Bonus” to be paid to all eligible employees who joined the Company on or before September 30 and are still employed December 31, 2020. The bonus will equal 60% of each employee’s 2020 bonus target
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Reduced Workforce Implemented job cuts that amount to about 13% of its global workforce. CFO departed the company as part of the changes
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Furlough of Employees Majority of U.S. production employees will be on temporary layoff with medical benefits
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Suspended Buyback Program Company has suspended discretionary share repurchases. This has continued through the Company’s fourth quarter
Harley-Davidson, Inc. $4,054 Public: S&P 400 Automobiles and Components Suspended or Reduced Dividend Payments Board of Directors approved a cash dividend of $0.02 per share for the second quarter of 2020, down from the amount of the first quarter 2020 dividend of $0.38 per share
Visteon Corporation $2,548 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Implemented base salary reductions of 40%; The salary decreases will be effective beginning May 1, 2020, and last four months
Visteon Corporation $2,548 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Base Salary Implemented base salary reductions of 30% for Executive Committee. The salary decreases will be effective beginning May 1, 2020, and last four months
Visteon Corporation $2,548 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay Reducing the cash retainer fees paid to nonemployee directors by 30% effective beginning May 1 for four months
Visteon Corporation $2,548 Public: S&P 400 Automobiles and Components Non-Executives: Reduced Pay Reducing all other employee salaries by 20% effective beginning May 1 for four months
Visteon Corporation $2,548 Public: S&P 400 Automobiles and Components Suspended 401(k) Match The Company is also suspending its contributions under the Visteon Investment Plan (401K), Supplemental Executive Retirement Plan, and Savings Parity Plan from May 1, 2020 until September 30, 2020
Visteon Corporation $2,548 Public: S&P 400 Automobiles and Components Reduced Workforce The company will further reduce the number of employees at various site
Gentex Corporation $1,688 Public: S&P 400 Automobiles and Components Executives: Granted Discretionary Award One-time continuity cash awards to named executive officers & key employees, with NEO awards ranging from $230K to $1.9M
Gentex Corporation $1,688 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Temporarily reducing pay for the leadership team and all executive officers by 20%, effective April 1, 2020, such reduction to remain in effect through the rest of 2020
Gentex Corporation $1,688 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Incentive Compensation Canceled 100% of 2020 bonus and LTI plan
Gentex Corporation $1,688 Public: S&P 400 Automobiles and Components Executives: Reduced Other Executive Incentive Canceled 100% of 2020 bonus and LTI plan
Gentex Corporation $1,688 Public: S&P 400 Automobiles and Components Board of Directors: Reduced Pay 20% reduction in the annual cash retainers for non-employee directors for service on the Company’s Board of Directors, effective April 1, 2020, such reduction to remain in effect through the rest of 2020
Fox Factory Holding Corp. $814 Public: S&P 400 Automobiles and Components Annual Incentive Plan Changes Revised go forward incentive plan – On August 3, 2020, the Compensation Committee of the Board approved amendments to executive employment agreements to remove specific target metrics for the executive bonus program. The amendments authorize the Compensation Committee to structure, calculate and design the executive bonus program with the intent of driving stockholder value and serving to align and engage employees
Fox Factory Holding Corp. $814 Public: S&P 400 Automobiles and Components Executives: Reduced CEO Base Salary Executive pay cuts
Fox Factory Holding Corp. $814 Public: S&P 400 Automobiles and Components Furlough of Employees Temporary furloughs
First Horizon Corporation $2,266 Public: S&P 400 Banks Furlough of Employees Implemented employee furloughs
TCF Financial Corporation $1,814 Public: S&P 400 Banks Suspended Buyback Program Temporarily suspended buybacks under its share repurchase program, but retains the ability to reinstate as circumstances warrant
Synovus Financial Corp. $1,664 Public: S&P 400 Banks Non-Executives: Guaranteed Pay Continuity Providing full salary to team members where working from home is not an option for up to 10 business days
Synovus Financial Corp. $1,664 Public: S&P 400 Banks Non-Executives: Additional Payments for On-Site Employees Providing $50 bonus for each day worked, up to $500 each pay period to team members in customer-facing and support roles required to work onsite
Synovus Financial Corp. $1,664 Public: S&P 400 Banks Suspended Buyback Program Paused share repurchase activity beyond the $16.2 million completed in the first quarter
Synovus Financial Corp. $1,664 Public: S&P 400 Banks Expanded Benefits Programs Providing full salary to team members for absences due to a hardship created by school, childcare, or eldercare facility closures, where working from home is not an option, for up to 10 business days
CIT Group Inc. $1,617 Public: S&P 400 Banks Non-Executives: Additional Payments for On-Site Employees The Company implemented a supplemental pay plan, through July 31, 2020, for employees who were unable to work remotely in service to our customers
CIT Group Inc. $1,617 Public: S&P 400 Banks Suspended Buyback Program Temporarily suspended share repurchases
CIT Group Inc. $1,617 Public: S&P 400 Banks Expanded Benefits Programs The Company provided enhanced benefits for COVID-19 testing and care as part of its health plans
Wintrust Financial Corporation $1,429 Public: S&P 400 Banks Suspended Buyback Program Temporarily suspended common stock repurchase program
Wintrust Financial Corporation $1,429 Public: S&P 400 Banks Expanded Benefits Programs Modified certain health care programs to provide additional benefits during the COVID-19 pandemic, as well as offering other pandemic benefits and compensation premiums to eligible employees
Cullen/Frost Bankers, Inc. $1,200 Public: S&P 400 Banks Suspended Buyback Program Temporarily suspended share repurchases
Valley National Bancorp $1,163 Public: S&P 400 Banks Non-Executives: One-Time Bonus Paid $1.8 million in bonuses to our hourly ($1,000 each) and part-time ($500 each) associates
Valley National Bancorp $1,163 Public: S&P 400 Banks Expanded Benefits Programs Valley to incur 100% of COVID-related medical costs (testing and treatment) for covered employees and their families; 80 hours of additional paid time for quarantine and sick time; as well as 24 additional hours for childcare arrangements
UMB Financial Corporation $1,161 Public: S&P 400 Banks Expanded Benefits Programs Supplemental compensation and additional PTO for those unable to work remotely. About 80% are working remotely; The Company expanded health insurance coverage for COVID-19 testing and access to telehealth services
Prosperity Bancshares, Inc. $1,142 Public: S&P 400 Banks Expanded Benefits Programs Provided paid time off for associates directly impacted by COVID-19; Separated critical functions across facilities and implemented rotating schedules with remote work capabilities; Encouraged at-risk associates to work remotely
F.N.B. Corporation $1,125 Public: S&P 400 Banks Reduced Workforce On December 10, 2020, the Company announced it would consolidate 21 retail locations as part of a $20 million cost-savings initiative in 2021 aimed at keeping expenses consistent with 2020 operating levels, driven by changes in consumer preferences for mobile over branch transactions during the pandemic
F.N.B. Corporation $1,125 Public: S&P 400 Banks Suspended Buyback Program In May 2020, the Company temporarily suspended share repurchases. On December 10, 2020, the Company announced it had resumed share repurchases during the fourth quarter
F.N.B. Corporation $1,125 Public: S&P 400 Banks Expanded Benefits Programs Providing additional leave time and medical expense support for our employees, additional pay for back office and frontline employees to defray COVID-19 related expenses and supplying pandemic kits (cleaning supplies, disinfectants, masks etc.) to employees
Associated Banc-Corp $1,121 Public: S&P 400 Banks Non-Executives: Guaranteed Pay Continuity Associated is continuing to pay colleagues whose work is affected by changes to its services and is offering bonus payments to employees whose work requires them to be in company facilities, has expanded its leave policies to accommodate personal or family health circumstances caused by COVID-19
Associated Banc-Corp $1,121 Public: S&P 400 Banks Non-Executives: Additional Payments for On-Site Employees Associated is offering bonus payments to employees whose work requires them to be in company facilities
Associated Banc-Corp $1,121 Public: S&P 400 Banks Suspended Buyback Program On March 13th, 2020, the Company suspended its share repurchases
Associated Banc-Corp $1,121 Public: S&P 400 Banks Expanded Benefits Programs One of the first banks to transition to primarily online, mobile and drive-through service with its lobbies available by appointment only; suspended operations at 29 branches without drive-throughs, about 3,200 colleagues (~68% of workforce) working from home, Associated has expanded its leave policies to accommodate personal or family health circumstances caused by COVID-19
New York Community Bancorp, Inc. $1,099 Public: S&P 400 Banks Reduced Workforce Implemented mass layoffs employee furloughs
New York Community Bancorp, Inc. $1,099 Public: S&P 400 Banks Furlough of Employees Implemented mass layoffs employee furloughs
Umpqua Holdings Corporation $1,090 Public: S&P 400 Banks Expanded Benefits Programs Umpqua enhanced associate benefits, including supplemental front line associate pay, pandemic pay bank for associates needing additional time off due to COVID-19, and flexible work rotations and remote work for higher risk associates
Umpqua Holdings Corporation $1,090 Public: S&P 400 Banks Suspended or Reduced Dividend Payments Delayed the issuance of dividends until after second quarter earnings announcement
Webster Financial Corporation $1,039 Public: S&P 400 Banks Non-Executives: Guaranteed Pay Continuity Bankers pay is at 100% pay. Employees will receive two weeks of pay in event of store closure, if they contract the virus, or if they are required to quarantine due to the virus
Webster Financial Corporation $1,039 Public: S&P 400 Banks Non-Executives: Additional Payments for On-Site Employees Special pay considerations and additional PTO for essential front line employees
Webster Financial Corporation $1,039 Public: S&P 400 Banks Suspended Buyback Program Suspended share repurchase program until further notice
Webster Financial Corporation $1,039 Public: S&P 400 Banks Expanded Benefits Programs Special pay considerations and additional PTO for essential front line employees
Webster Financial Corporation $1,039 Public: S&P 400 Banks Other Zero-interest loans up to $5,000 are available to assist employees and their families facing unforeseen challenges due to COVID19
United Bankshares, Inc. $967 Public: S&P 400 Banks Non-Executives: Guaranteed Pay Continuity Continuing to pay 100% of regular salaries for all employees
United Bankshares, Inc. $967 Public: S&P 400 Banks Non-Executives: One-Time Bonus Paid bonuses to certain employees required to report to work
Pinnacle Financial Partners, Inc. $948 Public: S&P 400 Banks Annual Incentive Plan Changes Revised current, in-process incentive plan – Modified its 2020 annual incentive plan to substitute EPS for PPNR and also reduced the target and max payout opportunities by 35% and 40%, respectively. Plan participants may earn a payout based on the greater of the original annual incentive plan and the modified annual incentive plan
Pinnacle Financial Partners, Inc. $948 Public: S&P 400 Banks Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Effective January 21, 2021, the Board amended the PSU award to change the performance metric from ROATA to Relative ROATCE and Relative TBV Accretion for each of the remaining performance periods under the Prior PSU Awards
Pinnacle Financial Partners, Inc. $948 Public: S&P 400 Banks Suspended Buyback Program Pinnacle has suspended buyback program until better clarity on length and severity of pandemic better understood
Pinnacle Financial Partners, Inc. $948 Public: S&P 400 Banks Expanded Benefits Programs Required pandemic training for all associates on best practices to stay safe, “work from home” is the default position; 70.4% of associates are working from home. Company disseminated a proactive quarantine stance to encourage people to self quarantine – pay practices include full paid leave for those who are ill, caring for a high-risk family member or unable to arrange child care, “safer-at-home” policy to encourage high risk associates (older than 65, underlying medical conditions) to work from home if possible and, if not, stay home with full pay
BancorpSouth Bank $941 Public: S&P 400 Banks Expanded Benefits Programs Implemented travel restrictions early in the pandemic, employees deemed “high-risk” according to the CDC guidelines encouraged to work remotely or to quarantine, significant portion of workforce working remotely and other departments working on rotating schedules; teammates in critical functions have been further separated in their facilities, provided additional three weeks of paid time off specific to COVID-19 family and dependent support
PacWest Bancorp $822 Public: S&P 400 Banks Suspended Buyback Program Suspended its share repurchase activities indefinitely in April
Texas Capital Bancshares, Inc. $796 Public: S&P 400 Banks Reduced Workforce In the second quarter of 2020, the Company reduced its workforce in light of the unique economic environment and to ensure it is well-positioned to meet challenges and opportunities ahead
Fulton Financial Corporation $786 Public: S&P 400 Banks Suspended Buyback Program Suspended its share repurchase activities in mid-March
Fulton Financial Corporation $786 Public: S&P 400 Banks Expanded Benefits Programs Providing additional leave with pay for parents of school-age children to help them as they put in place new care solutions
Sterling Bancorp $748 Public: S&P 400 Banks Annual Incentive Plan Changes Revised current, in-process incentive plan – Introduced two new performance metrics, PPNR and PPNR ROA, in place of EPS and ROATA. The company also reduced its target and max payout opportunity from 100% to 50% and 150% to 100% of target performance, respectively. Plan participants may earn a payout based on the larger of the original annual incentive plan or the modified annual incentive plan
Sterling Bancorp $748 Public: S&P 400 Banks Long-Term Incentive Plan Changes Revised current, in-process incentive plan – 25% of the 2021-2023 LTI award will be granted in October 2020 instead of Q1 2021; For senior executives, the award will be granted as PSUs, and remaining recipients will receive shares as RSUs. Early grant PSUs will have the same performance period and vesting schedule as those remaining performance awards granted in Q1 2021. On January 20, 2021, the Board removed the minimum threshold requirements for the three-year performance periods ended December 31, 2020, 2021 and 2022 and will rely on relative performance measures to determine payouts. Revised go forward incentive plan – On January 20, 2021, the Board removed the minimum threshold requirements for prospective three-year performance periods and will rely on relative performance measures to determine payouts
Sterling Bancorp $748 Public: S&P 400 Banks Suspended Buyback Program Suspended its share repurchase activities in April
Glacier Bancorp, Inc. $733 Public: S&P 400 Banks Expanded Benefits Programs Eliminated co-pay / co-insurance for any screening and testing and extended employee leave
Glacier Bancorp, Inc. $733 Public: S&P 400 Banks Other No reduction in pay or benefits for the inability to work due to COVID-19 issues; Flexible with accruals and limits on benefit time; Work from home available to over 33% of employees; No furloughs or layoffs
Trustmark Corporation $665 Public: S&P 400 Banks Non-Executives: One-Time Bonus Provided temporary compensation adjustments and one-time payment to front line associates
Trustmark Corporation $665 Public: S&P 400 Banks Suspended Buyback Program Trustmark suspended its share repurchase program on March 9, 2020, to ensure ample capital to support customers during the pandemic
Trustmark Corporation $665 Public: S&P 400 Banks Expanded Benefits Programs Provided all associates with additional paid sick leave
Hancock Whitney Corporation $664 Public: S&P 400 Banks Executives: Reduced CEO Base Salary Members of executive management have elected to contribute a portion of their compensation to the Hancock Whitney Associate Assistance Fund to help associates in need
Hancock Whitney Corporation $664 Public: S&P 400 Banks Executives: Reduced Other Executive Base Salary Members of executive management have elected to contribute a portion of their compensation to the Hancock Whitney Associate Assistance Fund to help associates in need
Hancock Whitney Corporation $664 Public: S&P 400 Banks Board of Directors: Reduced Pay Board of Directors have elected to contribute a portion of their compensation to the Hancock Whitney Associate Assistance Fund to help associates in need
Hancock Whitney Corporation $664 Public: S&P 400 Banks Non-Executives: One-Time Bonus Recognized non-exempt Retail Financial Center job associates with a $1,000 bonus
Hancock Whitney Corporation $664 Public: S&P 400 Banks Suspended Buyback Program Stock buybacks have been suspended
Bank of Hawaii Corporation $565 Public: S&P 400 Banks Suspended Buyback Program Suspended share repurchases in March 2020
Washington Federal, Inc. $549 Public: S&P 400 Banks Suspended Buyback Program Share repurchases were temporarily suspended during 2020 due to the COVID-19 pandemic
Cathay General Bancorp $537 Public: S&P 400 Banks Suspended Buyback Program Temporarily suspended share repurchases
Fluor Corporation $13,452 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – For 2020 only, the weightings of the performance measures for annual incentive awards for named executives will be: (i) 90% strategic performance and (ii) 10% safety with the strategic performance portion of the award based on the Committee’s evaluation of each named executive’s achievement of six strategic objectives that have been set by the Committee for all executive officers
Fluor Corporation $13,452 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Executive salaries reduced 20% April to September 2020
Fluor Corporation $13,452 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Executive salaries reduced 20% April to September 2020
Fluor Corporation $13,452 Public: S&P 400 Capital Goods Suspended or Reduced Dividend Payments Suspended its dividend as of April 29
AECOM $13,240 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Temporary 20% reduction in salaries among the Board of Directors, Executive Leadership Team and other senior leaders; restored CEO pay effective October 3, 2020
AECOM $13,240 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Temporary 20% reduction in salaries among the Board of Directors, Executive Leadership Team and other senior leaders; restored NEOs’ pay effective August 1, 2020
AECOM $13,240 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay Temporary 20% reduction in salaries among the Board of Directors, Executive Leadership Team and other senior leaders
AECOM $13,240 Public: S&P 400 Capital Goods Reduced Workforce The Company furloughed employees and reduced salaries in response to COVID-19
AGCO Corporation $9,150 Public: S&P 400 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Delayed merit increases
AGCO Corporation $9,150 Public: S&P 400 Capital Goods Furlough of Employees Initiated furloughs
AGCO Corporation $9,150 Public: S&P 400 Capital Goods Suspended Buyback Program During this period of uncertainty, the Company is closely managing costs as well as cash expenditures and has suspended further share repurchase
AGCO Corporation $9,150 Public: S&P 400 Capital Goods Executives: Suspended Raises and/or Bonuses Delayed merit increases
Builders FirstSource, Inc. $7,792 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Reducing executive and senior management cash compensation
Builders FirstSource, Inc. $7,792 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Reducing executive and senior management cash compensation
Builders FirstSource, Inc. $7,792 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay Cutting board compensation with the balance of fees to be paid in company stock
Builders FirstSource, Inc. $7,792 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Reducing executive and senior management cash compensation
Builders FirstSource, Inc. $7,792 Public: S&P 400 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Deferring corporate wage increases
Builders FirstSource, Inc. $7,792 Public: S&P 400 Capital Goods Executives: Suspended Raises and/or Bonuses Deferring corporate wage increases
Oshkosh Corporation $6,857 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – the Committee approved adjusting its evaluation of results to address the impact of the COVID-19 pandemic by treating the consolidated and any segment measures that fell short of threshold operating income performance as if each had achieved the operating income threshold performance, resulting in a bonus payout of 35%
Oshkosh Corporation $6,857 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary From April 5 through September 30, the CEO’s base salary will be reduced by 25%
Oshkosh Corporation $6,857 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary From April 5 through September 30, executive officers of the Company will receive base compensation that represents a reduction of at least 15% from their respective annual base salary rates in effect before the reductions, which may be accomplished through reduced base salary, furloughs and/or shortened work weeks
Oshkosh Corporation $6,857 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay From April 5 through September 30, the nonemployee directors of the Company will receive annual retainer and committee fees at annual rates that represent a 25% reduction from the respective annual rates in effect before the reductions
Oshkosh Corporation $6,857 Public: S&P 400 Capital Goods Reduced Workforce On June 29, 2020, the Company initiated targeted reductions in its salaried workforce in response to the ongoing COVID-19 pandemic
Oshkosh Corporation $6,857 Public: S&P 400 Capital Goods Furlough of Employees From April 5 through September 30, executive officers of the Company will receive base compensation that represents a reduction of at least 15% from their respective annual base salary rates in effect before the reductions, which may be accomplished through reduced base salary, furloughs and/or shortened work weeks
Oshkosh Corporation $6,857 Public: S&P 400 Capital Goods Suspended Buyback Program Suspended share repurchases for Q1 2020
Watsco, Inc. $5,055 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary CEO’s salary was voluntarily reduced 50% to $300,000 effective April 1, 2020 as a measure of response to the COVID-19 pandemic
Hubbell Incorporated $4,186 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Senior executives will take a 25% salary reduction in the second quarter
Hubbell Incorporated $4,186 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Senior executives will take a 25% salary reduction in the second quarter; All other executives will take a 15% salary reduction in the second quarter
Hubbell Incorporated $4,186 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay The Board of Directors will forgo 100% of its quarterly retainer payments for the second quarter
Hubbell Incorporated $4,186 Public: S&P 400 Capital Goods Furlough of Employees Salaried employees will take a 2-week furlough sometime during the second quarter
Hubbell Incorporated $4,186 Public: S&P 400 Capital Goods Expanded Benefits Programs In March 2020, the Company implemented an emergency paid leave program that provided employees paid time off in certain situations triggered by the COVID-19 pandemic
Lennox International Inc. $3,634 Public: S&P 400 Capital Goods Reduced Workforce In the second quarter of 2020, the Company implemented cost reduction actions including employee terminations and temporary facility closures
The Timken Company $3,513 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Reduced pay by up to 50% for all salaried employees
The Timken Company $3,513 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Reduced pay by up to 50% for all salaried employees
The Timken Company $3,513 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Reduced pay by up to 50% for all salaried employees
The Timken Company $3,513 Public: S&P 400 Capital Goods Furlough of Employees Implemented furlough program for employees
The Timken Company $3,513 Public: S&P 400 Capital Goods Suspended Buyback Program Suspended buyback program
The Toro Company $3,379 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – As a result of the COVID-19 related salary reductions, annual cash incentive opportunities were also reduced since the Company calculated annual incentives off of fiscal year base salary earnings
The Toro Company $3,379 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Reduced CEO salary by 30% through October 31, 2020
The Toro Company $3,379 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Reduced NEO salaries by 20% through October 31, 2020
The Toro Company $3,379 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay In April 2020, the Board cancelled its fiscal 2020 quarterly retainer payments (for the third and fourth quarters, 100% reduced) and determined that an amount equal to such payments should instead be donated by TTC to the Melrose/Hoffman Employee Critical Needs Fund to help support employees. Cash retainers were reinstated at the beginning of fiscal 2021
The Toro Company $3,379 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Reduced annual base salaries across the company for the remainder of fiscal 2020. This included 10% for Vice Presidents and General Managers, and 3.5% or a reasonable equivalent for all office employees
The Toro Company $3,379 Public: S&P 400 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based salary increases for fiscal 2020
The Toro Company $3,379 Public: S&P 400 Capital Goods Suspended 401(k) Match Suspended retirement plan contributions
The Toro Company $3,379 Public: S&P 400 Capital Goods Suspended Buyback Program Continuing the curtailment of share repurchases
The Toro Company $3,379 Public: S&P 400 Capital Goods Expanded Benefits Programs The Company implemented a COVID-19 leave policy and offered virtual doctor visits at 100% without a co-pay in fiscal 2020. In addition, the Company provided for unlimited matching gifts exceeding the $3,000 limit for gifts to certain charitable organizations that address poverty and food insecurity challenges as a result of the COVID-19 pandemic or have diversity, equity and inclusion focused missions
The Toro Company $3,379 Public: S&P 400 Capital Goods Executives: Suspended Raises and/or Bonuses Suspended merit-based salary increases
Dycom Industries, Inc. $3,340 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Salary reduced 29% March 29 through November 28, 2020. 2021 annual bonus awards or any severance payments to the NEOs will be based on the pre-reduction salary amounts
Dycom Industries, Inc. $3,340 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary NEO salaries reduced 15% March 29 through November 28, 2020. 2021 annual bonus awards or any severance payments to the NEOs will be based on the pre-reduction salary amounts
MSC Industrial Direct Co., Inc. $3,192 Public: S&P 400 Capital Goods Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On May 22, 2020, the Board extended the expiration date of options held by NEOS other than the CEO that were granted in October 2013 and 2014 with seven-year terms. The Board granted a two-year extension to the 2013 grants and a one-year extension to the 2014 grants so that all options from this period now expire in October 2022. The Board determined that COVID-19 had resulted in the options becoming further underwater and that the extension would promote retention and provide additional incentive for performance over a critical recovery period
MSC Industrial Direct Co., Inc. $3,192 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary CEO has taken a 25% reduction in salary for a 10 week period ending on June 26, 2020, and a 12.5% reduction from June 28 through November 14, 2020
MSC Industrial Direct Co., Inc. $3,192 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Other executive officers have taken a 15% reduction in salary for a 10 week period ending on June 26, 2020, and a 12.5% reduction from June 28 through November 14, 2020
MSC Industrial Direct Co., Inc. $3,192 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay The board has taken a 15% reduction in cash fees from April 20 through June 27, 2020 and a 7.5% reduction from June 28 through November 14, 2020
MSC Industrial Direct Co., Inc. $3,192 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay All other associates, excluding commission based sales associates, will have salaries reduced by 10% until June 30, 2020
MSC Industrial Direct Co., Inc. $3,192 Public: S&P 400 Capital Goods Suspended 401(k) Match Due to the impact of COVID-19, the Company suspended its 401(k) matching program from April 13 through August 31, 2020
MSC Industrial Direct Co., Inc. $3,192 Public: S&P 400 Capital Goods Reduced Workforce On January 18, 2021, the Company announced it would close 73 branch offices which have already been closed temporarily due to COVID-19. Though some associates will continue to work remotely through virtual customer care hubs, this plan will result in the reduction of 115 management and other positions
EnerSys $3,088 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Delayed 2020 bonus payouts until July 10, 2020 due to the implications of COVID-19
Terex Corporation $3,076 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced by 50%
Terex Corporation $3,076 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Executive Leadership Team’s salaries reduced by 20%
Terex Corporation $3,076 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Reduced salaries of other team members by 5% to 10%
Terex Corporation $3,076 Public: S&P 400 Capital Goods Reduced Workforce In its initiative to reduce SG&A costs in a post-COVID world, the Company will be consolidating its Corporate Financial Planning & Analysis and Accounting teams. In conjunction with this consolidation, on September 1, 2020, Terex and Mark Clair agreed that he will be retiring as the Company’s Vice President, Controller and Chief Accounting Officer effective November 1, 2020
Terex Corporation $3,076 Public: S&P 400 Capital Goods Furlough of Employees Implemented a combination of lay offs and furloughs for workforce
Terex Corporation $3,076 Public: S&P 400 Capital Goods Suspended Buyback Program General prohibition of share repurchases and dividends until December 31, 2020
Terex Corporation $3,076 Public: S&P 400 Capital Goods Suspended or Reduced Dividend Payments Suspended quarterly dividend payments for the remainder of the year in April
Colfax Corporation $3,071 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary We also implemented a program to reduce our second quarter spending by $80-90 million, which includes temporarily reducing salaries
Colfax Corporation $3,071 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary We also implemented a program to reduce our second quarter spending by $80-90 million, which includes temporarily reducing salaries
Colfax Corporation $3,071 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay We also implemented a program to reduce our second quarter spending by $80-90 million, which includes temporarily reducing salaries
Colfax Corporation $3,071 Public: S&P 400 Capital Goods Furlough of Employees We also implemented a program to reduce our second quarter spending by $80-90 million, which includes implementing furloughs
Crane Co. $2,937 Public: S&P 400 Capital Goods Reduced Workforce In the second quarter of 2020, the Company initiated actions to reduce its global workforce in response to the adverse economic impact of COVID-19 and integration actions related to the Cummins-Allison acquisition. These actions included workforce reductions of approximately 1,000 employees, or about 9% of our global workforce
Regal Beloit Corporation $2,907 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary As part of our initial response to the impacts of COVID-19, we have taken additional cost actions, including implementing a series of compensation reductions
Regal Beloit Corporation $2,907 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary As part of our initial response to the impacts of COVID-19, we have taken additional cost actions, including implementing a series of compensation reductions
Regal Beloit Corporation $2,907 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay As part of our initial response to the impacts of COVID-19, we have taken additional cost actions, including a temporary reduction of the cash component of board compensation
Regal Beloit Corporation $2,907 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay As part of our initial response to the impacts of COVID-19, we have taken additional cost actions, including implementing a series of compensation reductions
Regal Beloit Corporation $2,907 Public: S&P 400 Capital Goods Furlough of Employees As part of our initial response to the impacts of COVID-19, we have taken additional cost actions, including furloughs on a global basis
Regal Beloit Corporation $2,907 Public: S&P 400 Capital Goods Suspended Buyback Program In addition, we have suspended our share repurchase program at this time
Valmont Industries, Inc. $2,895 Public: S&P 400 Capital Goods Suspended Buyback Program Suspended buyback program
Donaldson Company, Inc. $2,582 Public: S&P 400 Capital Goods Executives: Suspended Raises and/or Bonuses Given the uncertainty of the economic environment and our continuous commitment to proactively manage operating expenses, total direct compensation for all Officers of the Company will remain unchanged for the foreseeable future and may be reevaluated later in fiscal 2021 based on business conditions
The Middleby Corporation $2,572 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary CEO has deferred 100% of his salary into equity to be paid out on December 28, 2020
The Middleby Corporation $2,572 Public: S&P 400 Capital Goods Executives: Reduced CEO Incentive Compensation CEO has waived 100% of cash incentive compensation for 2020
The Middleby Corporation $2,572 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary COO deferred 100% of salary into equity, VP, Treasurer & Secretary along with CFO deferred 50% of salaries into equity
The Middleby Corporation $2,572 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Incentive NEOs have waived 100% cash incentive compensation for 2020
The Middleby Corporation $2,572 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay The Board has waived 50% of their remaining fees for 2020
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Proactively eliminated any payments under the bonus plan for fiscal 2020 for all employees. Revised go forward incentive plan – In September 2020, the Board determined that a bonus payment in 2021 under the program based on internal annual financial and operational performance against pre-determined metrics, was unlikely and thus did not establish specific metrics and criteria under the bonus plan for fiscal year 2021. However, the Board did renew the overarching annual performance incentive plan with goals relating to net earnings
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary On April 3, 2020, the CEO’s salary was reduced by 25%. In September 2020, the CEO was restored to full pay for fiscal year 2021
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Executives: Reduced CEO Incentive Compensation The Board used negative discretion to eliminate 100% of 2020 bonus payments for all NEOs
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary On April 3, 2020, all non-CEO officer salaries were reduced by 10%. In September 2020, the NEOs were restored to full pay for fiscal year 2021
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Incentive The Board used negative discretion to eliminate 100% of 2020 bonus payments for all NEOs
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay On April 3, 2020, the Board approved a reduction of the directors’ base retainers by 25%. In September 2020, the Board reinstated the directors’ full base retainers for fiscal 2021
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Eliminated 2020 bonus payments
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Reduced Workforce During the third quarter of fiscal 2020, the Company committed to a plan of termination in response to the ongoing global economic challenges resulting from the COVID-19 pandemic, which involved the termination and/or furlough of employees and contractors at certain facilities
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Furlough of Employees The more temporary measures involve various furloughs of employees, that is expected to last up to approximately eight weeks
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Suspended Buyback Program Does not plan to make share repurchases for the remainder of the year
Woodward, Inc. $2,496 Public: S&P 400 Capital Goods Suspended or Reduced Dividend Payments Reduced quarterly dividend
ITT Inc. $2,478 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary CEO base salary reduced until further notice. Target bonus remained unchanged based on base salary prior to its reduction
ITT Inc. $2,478 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary All other executive salaries reduced until further notice. Target bonus remained unchanged based on base salary prior to its reduction
ITT Inc. $2,478 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay Compensation reduced for Board of Directors
ITT Inc. $2,478 Public: S&P 400 Capital Goods Suspended 401(k) Match Suspended 401(k) match for certain U.S. employees
ITT Inc. $2,478 Public: S&P 400 Capital Goods Reduced Workforce During 2020, the Company initiated an organization-wide restructuring plan in response to an anticipated reduction in demand from the COVID-19 pandemic, which included involuntary terminations
Curtiss-Wright Corporation $2,391 Public: S&P 400 Capital Goods Executives: Reduced CEO Incentive Compensation Lowered incentive compensation
Curtiss-Wright Corporation $2,391 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Incentive Lowered incentive compensation
Curtiss-Wright Corporation $2,391 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Lowered incentive compensation
Curtiss-Wright Corporation $2,391 Public: S&P 400 Capital Goods Reduced Workforce Workforce reductions
Curtiss-Wright Corporation $2,391 Public: S&P 400 Capital Goods Furlough of Employees Employee furloughs, including Executive Leadership Team
Nordson Corporation $2,121 Public: S&P 400 Capital Goods Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On November 23, 2020, the Board modified the goals for the 2020-2022 performance period to realign management incentives in a post-pandemic environment and to create an incentive for management to perform in the coming years. Attainment for 2020 is based on relative TSR compared to three indices, and is capped at target. In determining the 2020 goal, the Committee relied on actual 2020 performance rather than establishing a goal retroactively. The Committee will establish financial goals for 2021 and 2022 at the beginning of each fiscal year so that it can more accurately forecast longer term goals and assess the impact of the pandemic. Finally, each year’s attainment will be averaged to determine the payout at the end of the three-year cycle
Nordson Corporation $2,121 Public: S&P 400 Capital Goods Executives: Granted Discretionary Award On November 23, 2020, the Board granted special, one-time continuation equity awards to certain members of management that consisted of RSUs with two-year vesting and a gateway performance measure of 8% ROIC maintained over the two-year period for the awards to vest. The awards were granted in recognition of the impacts of the pandemic on 2020 and future incentives
Nordson Corporation $2,121 Public: S&P 400 Capital Goods Expanded Benefits Programs The Company developed a special COVID-leave policy that encouraged employees to take time off for illness or caretaking while maintaining steady wages
nVent Electric plc $1,999 Public: S&P 400 Capital Goods Reduced Workforce Initiatives during the three months ended March 31, 2020 included the reduction in hourly and salaried headcount of approximately 100 employees.
nVent Electric plc $1,999 Public: S&P 400 Capital Goods Suspended Buyback Program Temporarily suspended share repurchases
Kennametal Inc. $1,885 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised go forward incentive plan – Delayed the approval of performance goals under the AIP and LTIP PSU awards until the second quarter of Fiscal 2021; Retained both the AI corporate financial metrics for 2021, but modified the weightings and increased the weighting of the individual performance component by 10% to 30% of the award; A minimum performance requirement of corporate net profit was eliminated for the 2021 award
Kennametal Inc. $1,885 Public: S&P 400 Capital Goods Long-Term Incentive Plan Changes Revised go forward incentive plan – Modified the LTIP grant date value weightings for each of the NEOs at 50% PSUs, compared to 60% in Fiscal 2020, and 50% RSUs, compared to 40% in Fiscal 2020; ROIC performance goals and ranges will be established for Fiscal 2021 during the second quarter of Fiscal 2021
Kennametal Inc. $1,885 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Executive officers will be reducing their base salaries by 20% beginning July 1, 2020 and are expected to be in effect for six months
Kennametal Inc. $1,885 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Executive officers will be reducing their base salaries by 20% beginning July 1, 2020 and are expected to be in effect for six months
Kennametal Inc. $1,885 Public: S&P 400 Capital Goods Reduced Workforce Reducing total workforce by 10% for the first of 2021
Kennametal Inc. $1,885 Public: S&P 400 Capital Goods Furlough of Employees Furloughed employees
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Extended CEO salary reduction of 50% from 3 months to 6 months
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Reduced base salary 30% for 3 months for NEOs
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Board of Directors: Reduced Pay Reduced the cash retainer fees of the non-employee directors of the Company, including the value of any Retainer RSUs, by 50%, effective for the second quarter of 2020 for 6 months
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Implementing temporary salary reductions for all salaried employees whose jobs are not eliminated
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Suspended 401(k) Match Suspending the Company’s 401(k) match on employee contributions and ESPP until year end
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Reduced Workforce Reducing the Company’s total workforce to align operations with customer demand
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Furlough of Employees Implementing temporary unpaid furloughs for all salaried employees whose jobs are not eliminated
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Suspended Buyback Program Suspending the Company’s dividend and pausing its stock buyback program. Both decisions will be reviewed quarterly
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Delay of Annual Meeting Delayed annual meeting one month to be held on June 1
Hexcel Corporation $1,502 Public: S&P 400 Capital Goods Suspended or Reduced Dividend Payments Suspending the Company’s dividend and pausing its stock buyback program. Both decisions will be reviewed quarterly
Simpson Manufacturing Co., Inc. $1,268 Public: S&P 400 Capital Goods Suspended Buyback Program Suspended share repurchase program
Trex Company, Inc. $881 Public: S&P 400 Capital Goods Suspended Buyback Program Suspended its share repurchase activities for the first quarter in May
Sunrun Inc. $846 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – In April 2020, our Compensation Committee determined that our Annual Incentive Plan awards for 2019 would be paid out, in May 2020, in immediately vested restricted stock units to conserve cash in light of the potential impact that COVID-19 may place on our business. The Compensation Committee also determined to fund such awards at 105% of the previously anticipated cash value at 91% of their target bonus awards
Sunrun Inc. $846 Public: S&P 400 Capital Goods Executives: Reduced CEO Base Salary Reduced salaries for employees
Sunrun Inc. $846 Public: S&P 400 Capital Goods Executives: Reduced Other Executive Base Salary Reduced salaries for employees
Sunrun Inc. $846 Public: S&P 400 Capital Goods Non-Executives: Reduced Pay Reduced salaries for employees
Sunrun Inc. $846 Public: S&P 400 Capital Goods Reduced Workforce Implemented employee layoffs
Sunrun Inc. $846 Public: S&P 400 Capital Goods Furlough of Employees Implemented employee furlough programs
Mercury Systems, Inc. $797 Public: S&P 400 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Bifurcated fiscal 2020 bonus into two discrete performance periods with the target bonus weighted 44% for the first half and 56% for the second half of the fiscal year. Payouts were based on objectives for the fiscal year broken into the first half of the year and the full fiscal year, with a catch-up feature for unearned first half cash incentives based on full year performance. No over-achievement bonuses were earned for fiscal 2020. Amended the adjusted EBITDA definition for external financial reporting to add back COVID-related costs as the company believed these incremental expenses are outside the normal operations of the Company and are not indicative of ongoing operating results; Maintained the original adjusted EBITDA target for the second half of the fiscal year, but approved the use of the new adjusted EBITDA definition for the bonus plan for the second half of the fiscal year
Mercury Systems, Inc. $797 Public: S&P 400 Capital Goods Expanded Benefits Programs The Company established the Mercury Employee COVID Relief Fun to support employees experiencing financial burdens resulting from the COVID pandemic. The intent of this fund is to provide relief for employees who may otherwise be unable to pay for basic necessities, unexpected care for immediate family members, or other urgent needs that promote their health and safety during the current Coronavirus crisis
Insperity, Inc. $4,287 Public: S&P 400 Commercial and Professional Services Furlough of Employees Implemented employee furloughs
Insperity, Inc. $4,287 Public: S&P 400 Commercial and Professional Services Suspended Buyback Program Suspended share repurchase program for Q2 2020
ASGN Incorporated $3,951 Public: S&P 400 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Temporarily delayed setting short-term performance targets for the 2020 bonus. Company intends to finalize targets in the coming months as they have greater clarity around the impact of COVID-19
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Executives: Granted Discretionary Award On December 3, 2020, the Board approved a one-time RSU grant to each NEO to address the loss of retentive value of existing LTI awards, and in recognition of near-term uncertainty and executives’ extraordinary efforts to protect employee wellbeing and customer safety while controlling costs. The awards vest two years after grant and the value of the awards range from $300k – $600k for the NEOS other than the CEO, and the CEO award was $2,000,000
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Executives: Reduced CEO Base Salary Reduced salaries for management
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Reduced salaries for management
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Froze merit-based increases
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Suspended 401(k) Match Froze 401(k) match
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Reduced Workforce Reduced overall headcount
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Furlough of Employees Headcount reductions through furloughs and workforce reductions
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Suspended Buyback Program Suspended its share repurchase activities in May
The Brink’s Company $3,691 Public: S&P 400 Commercial and Professional Services Executives: Suspended Raises and/or Bonuses Froze merit-based increases
Clean Harbors, Inc. $3,144 Public: S&P 400 Commercial and Professional Services Furlough of Employees Furloughed significant portion of drivers
Stericycle, Inc. $2,820 Public: S&P 400 Commercial and Professional Services Furlough of Employees Implemented furloughs for 2,300 team members
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Approved an adjusted fiscal 2020 bonus, pro-rated and determined by performance through the first three quarters of the fiscal year (versus full-year performance) resulting in an annualized payout at 69.23% of target; Evaluating alternatives for a fiscal 2021 bonus if outperform the fiscal 2021 business plan
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Approved vesting of July 2017 LTI awards determined by performance for the first 11 of 12 quarters of the 2017-2020 performance period; Revised go forward incentive plan – Revisited the mix of long-term incentives and approved the grant of fiscal 2021 LTI awards in a mix of 30% RSUs, 30% stock options, and 40% in PSUs. The PSU grant was delayed until no later than the end of the third quarter to provide additional time to more thoroughly assess the rigor of the goals underlying the PSUs and ensure the awards are aligned with the business objectives; Granted premium-priced stock options to the Company’s leadership team on July 14, 2020 to enhance the focus on the long-term impact of the critical steps management is taking to aid in the recovery from the effects of the COVID-19 pandemic and position the Company for future growth. Granted premium-priced stock options that vest ratably over a three-year period commencing on the first anniversary of the grant date and are in addition to the Company’s customary long-term incentive awards for fiscal 2021. The exercise price of each option was established at 110% of the closing stock price on the grant date (July 14, 2020)
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Executives: Granted Discretionary Award Board approved the grant of premium-priced stock options to the Company’s leadership team that vest ratably over a three year period commencing on the first anniversary of the grant date and are in addition to the Company’s customary long-term incentive awards for fiscal year 2021
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Executives: Reduced CEO Base Salary 50% of the salary payable to CEO will be deferred to no later than March 2021; Temporary salary reductions were reinstated in early August
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Suspended 100% of cash incentive bonus program for the upcoming fiscal year that will end in May 2021; As of September 1, 2020 the company is evaluating alternatives for a fiscal 2021 bonus if we outperform the fiscal 2021 business plan
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Executives: Reduced Other Executive Base Salary 15% of the salary payable to the rest of the leadership team will be deferred to no later than March 2021; Temporary salary reductions were reinstated in early August
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Executives: Reduced Other Executive Incentive Suspended 100% of cash incentive bonus program for the upcoming fiscal year that will end in May 2021; As of September 1, 2020 the company is evaluating alternatives for a fiscal 2021 bonus if we outperform the fiscal 2021 business plan
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Non-Executives: Reduced Pay 10% reduction in cash compensation for a majority of the Company’s salaried workforce (including each of the executive officers); Temporary salary reductions were rescinded in early August
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Suspended cash incentive bonus program for the upcoming fiscal year that will end in May 2021 and previously planned compensation increases; As of September 1, 2020 the company is evaluating alternatives for a fiscal 2021 bonus if we outperform the fiscal 2021 business plan
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Suspended 401(k) Match Suspended employer contributions to 401k
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Reduced Workforce Implemented a voluntary reduction in its North American and international workforce as well as an involuntary reduction in its North American workforce. Combined, these actions resulted in the elimination of approximately 400 full-time positions throughout the Company in various businesses and functions as of January 4, 2021
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Suspended Buyback Program Suspended its share repurchase activities in March
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Executives: Suspended Raises and/or Bonuses Suspended cash incentive bonus program for the upcoming fiscal year that will end in May 2021 and previously planned compensation increases
Herman Miller, Inc. $2,487 Public: S&P 400 Commercial and Professional Services Suspended or Reduced Dividend Payments Postponement of its upcoming quarterly cash dividend
Tetra Tech, Inc. $2,349 Public: S&P 400 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – For FY 2020, the Board approved a 20% upward modification to the AIP awards for all NEOs except the CEO in recognition of their extraordinary contributions during an unprecedented fiscal year. The CEO requested the Board not reward his contributions
KAR Auction Services, Inc. $2,188 Public: S&P 400 Commercial and Professional Services Executives: Reduced CEO Base Salary Salary reduced 100% April 5 through June 27, with the option to continue reduction for duration of crisis
KAR Auction Services, Inc. $2,188 Public: S&P 400 Commercial and Professional Services Executives: Reduced Other Executive Base Salary CFO and President salaries reduced by 100% April 5 through June 27 with the option to continue reduction for duration of crisis. Reduced salaries of all other executive officers by 50% April 5 through June 27
KAR Auction Services, Inc. $2,188 Public: S&P 400 Commercial and Professional Services Board of Directors: Reduced Pay Reduced annual cash retainer and applicable chair, membership and lead independent director fees by 25% during the second quarter of 2020
KAR Auction Services, Inc. $2,188 Public: S&P 400 Commercial and Professional Services Reduced Workforce The Company notified approximately 5,000 furloughed employees that changes in its business processes have resulted in the elimination of their positions
KAR Auction Services, Inc. $2,188 Public: S&P 400 Commercial and Professional Services Furlough of Employees Furloughed roughly 11,000 employees in April 2020. Since April, the Company has called back approximately 6,000 employees
KAR Auction Services, Inc. $2,188 Public: S&P 400 Commercial and Professional Services Suspended or Reduced Dividend Payments The company has announced temporarily suspending its quarterly dividend on May 7
IAA, Inc. $1,385 Public: S&P 400 Commercial and Professional Services Executives: Reduced CEO Base Salary Temporary reduction in salaries at the senior leadership level
IAA, Inc. $1,385 Public: S&P 400 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Temporary reduction in salaries at the senior leadership level
IAA, Inc. $1,385 Public: S&P 400 Commercial and Professional Services Board of Directors: Reduced Pay Temporary reduction in Board cash compensation
MSA Safety Incorporated $1,348 Public: S&P 400 Commercial and Professional Services Non-Executives: Additional Payments for On-Site Employees One-time bonus for essential manufacturing employees
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Executives: Granted Discretionary Award On December 23, 2020, the Board approved retention awards to the CHRO and EVP, Global Operations, providing for an award of $1 million in RSUs that will vest two years from grant
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Exempt and non-exempt employees, including Polaris’ Executive Leadership Team, who are not furloughed will have their pay reduced by approximately 20% beginning April 13 through the end of the second quarter
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Exempt and non-exempt employees, including Polaris’ Executive Leadership Team, who are not furloughed will have their pay reduced by approximately 20% beginning April 13 through the end of the second quarter
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Reduced Pay Exempt and non-exempt employees, including Polaris’ Executive Leadership Team, who are not furloughed will have their pay reduced by approximately 20% beginning April 13 through the end of the second quarter
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Delaying merit increases for exempt and nonexempt employees through the end of the year
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees Furloughing most exempt and non-exempt Polaris employees for two weeks in the second quarter. Employees will not be paid but will maintain their health care benefits
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program Suspended its share repurchase activities in March
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Expanded Benefits Programs The Company implemented a COVID-19 Pay Policy for US employees that provided financial security for those impacted by illness or quarantine
Polaris Inc. $7,108 Public: S&P 400 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Delaying merit increases for exempt and nonexempt employees through the end of the year
Toll Brothers, Inc. $7,078 Public: S&P 400 Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – Based on the qualitative assessment of each NEO’s contributions to the Company’s accomplishments in 2020, the Board determined that the formulaic results were not a fair representation of the Company’s performance during fiscal 2020. The Board exercised upward discretion to set the final bonus determination
Toll Brothers, Inc. $7,078 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary During fiscal 2020, the NEOs voluntarily agreed to a three-month partial reduction in salary during the period when the impact of the COVID-19 pandemic on the Company’s operations and financial condition remained highly uncertain
Toll Brothers, Inc. $7,078 Public: S&P 400 Consumer Durables and Apparel Reduced Workforce In light of the pandemic, the Company accelerated its efforts to improve efficiencies and rationalize overhead expenses by implementing a temporary salary reduction for each NEO, a hiring freeze, and reductions to payroll through a combination of job eliminations and employee furloughs
Taylor Morrison Home Corporation $6,129 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary NEOs and all members of the Company’s senior corporate management and division presidents have voluntarily decided to temporarily reduce their base salaries by 25% effective immediately
Taylor Morrison Home Corporation $6,129 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Chairman and CEO, Sheryl Palmer, requested that our Compensation Committee cancel 100% of her recent special equity award, which had a grant date value of $3,000,000
Taylor Morrison Home Corporation $6,129 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary NEOs and all members of the Company’s senior corporate management and division presidents have voluntarily decided to temporarily reduce their base salaries by 25% effective immediately
Taylor Morrison Home Corporation $6,129 Public: S&P 400 Consumer Durables and Apparel Board of Directors: Reduced Pay Each non-employee member of the Board has agreed to the suspension of the payment of 100% of cash retainer compensation for his or her service on the Board for the second quarter of 2020 until the date that the Company pays cash retainer compensation to its non- employee directors for the third quarter of 2020
Taylor Morrison Home Corporation $6,129 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses All company team member promotions have been put on temporary hold and the annual merit process for determining compensation increases for all team members has been deferred
Taylor Morrison Home Corporation $6,129 Public: S&P 400 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses All company team member promotions have been put on temporary hold and the annual merit process for determining compensation increases for all team members has been deferred
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Annual Incentive Plan Changes Revised go forward incentive plan – The Cash Incentive Plan has been suspended for fiscal 2021. The Compensation and Talent Committee may, in its discretion, determine whether any cash bonus payments outside the Cash Incentive Plan are appropriate or warranted depending on actual performance for fiscal 2021. Changes for when the plan is reinstated post-fiscal 2021: i) same financial metrics for all NEOs and no individual performance metric to align with Company performance ii) widen performance and payout range by tying to the Company’s operating budget because previous hurdles were too narrow and iii) interpolate annual incentives for all NEOs based on actual performance
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Long-Term Incentive Plan Changes Equity awards have been granted on schedule in June 2020 but were granted solely in the form of RSUs due to the difficulty in setting performance targets given the uncertainty of the impact of COVID-19 on our business
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO, Chief Creative Officer of Michael Kors, Chief Creative Officer of Versace, and Chief Creative Officer of Jimmy Choo have each voluntarily elected to forgo 100% of salary for Fiscal 2021
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Mr. Idol’s long-term award was reduced from approximately $7.5 million in the prior fiscal year to $6.0 million (a reduction of 20%). Suspended FY21 annual incentive plan
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary CEO, Chief Creative Officer of Michael Kors, Chief Creative Officer of Versace, and Chief Creative Officer of Jimmy Choo have each voluntarily elected to forgo 100% of salary for Fiscal 2021; The other named executive officers have agreed to reduce their base salary by 20%
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Board of Directors: Reduced Pay Annual total cash compensation reduced 50% for 2021
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Reduced Pay The company will be exploring opportunities to reduce overall salaries at various levels throughout the organization by approximately 20%
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses There will be no merit increases for fiscal 2021
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Employees will continue to receive pay during March 18 to April 10 closures
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Reduced Workforce In the future the company anticipates reducing its corporate workforce in order to generate additional payroll savings
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees Effective April 11, 2020, it will furlough all of its approximately 7,000 North America retail store employees
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program The company is suspending the remaining $400 million under its current share repurchase program
Capri Holdings Limited $5,551 Public: S&P 400 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses There will be no merit increases for fiscal 2021
Skechers U.S.A., Inc. $4,613 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees Implemented employee furloughs
Brunswick Corporation $4,348 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Introduced wage continuation programs to assist employees affected by a coronavirus-related business interruption, taking effect March 23 and expected to last 2-3 weeks
Brunswick Corporation $4,348 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program Temporarily suspended share repurchases
KB Home $4,183 Public: S&P 400 Consumer Durables and Apparel Reduced Workforce In the second quarter of 2020, the Company implemented workforce realignment and reductions
Tempur Sealy International, Inc. $3,677 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary 100% of CEO salary to be donated to Company Foundation for the rest of 2020
Tempur Sealy International, Inc. $3,677 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Other executives have elected to donate a portion of their salaries to the Company Foundation
Tempur Sealy International, Inc. $3,677 Public: S&P 400 Consumer Durables and Apparel Board of Directors: Reduced Pay Directors have elected to donate 100% of board fees to the Company Foundation for the rest of 2020
Tempur Sealy International, Inc. $3,677 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees Implemented employee furlough program
Tempur Sealy International, Inc. $3,677 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program Suspended all repurchase programs
Tri Pointe Homes, Inc. $3,260 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Reduced CEO salary by 20% for 3 months
Tri Pointe Homes, Inc. $3,260 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Reduced COO salary by 20% for 3 months. Reduced salaries of CFO and GC by 10% for 3 months. Reduced salaries of other members of senior management by 10% for 3 months
Tri Pointe Homes, Inc. $3,260 Public: S&P 400 Consumer Durables and Apparel Board of Directors: Reduced Pay Reduced annual cash compensation for directors by 50% and decreased values of RSU grants by 30%
Tri Pointe Homes, Inc. $3,260 Public: S&P 400 Consumer Durables and Apparel Expanded Benefits Programs During 2020, the Company provided employees affected by COVID-19 with additional paid time off
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Implemented temporary salary reductions
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Suspended incentive-based compensation programs 100%
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Implemented temporary salary reductions
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Suspended 100% of incentive-based compensation programs
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Board of Directors: Reduced Pay Reduced board compensation
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Reduced Pay Implemented temporary salary reductions
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based pay increases
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Suspended 401(k) Match Suspended 401(k) matching contribution
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Plans to continue compensation and benefits during store closures through early April
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Reduced Workforce Reduced and furloughed office-based employees
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees All store employees were furloughed on April 3, 2020
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchase program
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Suspended merit-based pay increases
Carter’s, Inc. $3,135 Public: S&P 400 Consumer Durables and Apparel Suspended or Reduced Dividend Payments On May 1, the company’s Board of Directors suspended its quarterly cash dividend
TopBuild Corp. $2,718 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchase program starting May 2020
Columbia Sportswear Company $2,502 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO salary reduced to $10,000 – 100%
Columbia Sportswear Company $2,502 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary At least 10 of the company’s top executives voluntarily took a 15% pay reduction
Columbia Sportswear Company $2,502 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Retail employees will continue to be paid until April 10th. CEO reduced salary so employees may continue to receive salary
Columbia Sportswear Company $2,502 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees After compensating retail employees’ regular wages for four weeks under Columbia’s Catastrophic Paid Leave program, U.S. retail store operations staff were recently transitioned to a partial furlough program through May 1, 2020
Columbia Sportswear Company $2,502 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program The company suspended share repurchases in March 2020. It intends to resume share repurchase activity in 2021
Columbia Sportswear Company $2,502 Public: S&P 400 Consumer Durables and Apparel Suspended or Reduced Dividend Payments After paying the regular quarterly cash dividend in March, the company’s Board of Directors temporarily suspended the quarterly dividend
Deckers Outdoor Corporation $2,133 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Suspended annual salary increases
Deckers Outdoor Corporation $2,133 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees Furloughed a portion of its retail employees
Deckers Outdoor Corporation $2,133 Public: S&P 400 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchase program
Deckers Outdoor Corporation $2,133 Public: S&P 400 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Suspending annual salary increases
Helen of Troy Limited $1,707 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO agreed to a temporary 30% reduction in his base salary and annual incentive target and threshold levels during the Company’s fiscal year 2021
Helen of Troy Limited $1,707 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation CEO agreed to a temporary 30% reduction in his base salary and annual incentive target and threshold levels, which will be based on 200% and 100% of his base salary earned, respectively, during the Company’s fiscal year 2021
Helen of Troy Limited $1,707 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary CFO agreed to a temporary 20% reduction in his base salary. Base salaries of all other members of the Company’s executive leadership team will be temporarily reduced by graduated amounts
Helen of Troy Limited $1,707 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive CFO agreed to a temporary 20% reduction in his base salary and annual incentive target, maximum and threshold levels, which are targeted at 75% of his base salary earned during fiscal year 2021
Helen of Troy Limited $1,707 Public: S&P 400 Consumer Durables and Apparel Board of Directors: Reduced Pay Reduced cash compensation for Board of Directors by 25%. These reductions will continue until further notice, but in no case will these reductions continue past February 28, 2021
Helen of Troy Limited $1,707 Public: S&P 400 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based increases of associates
Helen of Troy Limited $1,707 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees Furloughed associates in certain sales divisions
YETI Holdings, Inc. $1,092 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced CEO Base Salary YETI’s senior leadership team, including named executive officers, voluntarily elected to temporarily reduce their base salaries; restored salaries of senior leadership in August 2020
YETI Holdings, Inc. $1,092 Public: S&P 400 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary YETI’s senior leadership team, including named executive officers, voluntarily elected to temporarily reduce their base salaries; restored salaries of senior leadership in August 2020
YETI Holdings, Inc. $1,092 Public: S&P 400 Consumer Durables and Apparel Board of Directors: Reduced Pay YETI’s Board of Directors has also voluntarily elected to waive payment of 100% of the director’s annual cash retainer fees; restored the annual cash compensation of the Board of Directors in August 2020
YETI Holdings, Inc. $1,092 Public: S&P 400 Consumer Durables and Apparel Reduced Workforce Eliminating select roles across all levels in the organization
YETI Holdings, Inc. $1,092 Public: S&P 400 Consumer Durables and Apparel Furlough of Employees YETI previously placed certain employees on unpaid leave beginning on April 4, 2020; as of September 26, 2020, no employees were furloughed
Penn National Gaming, Inc. $3,893 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary CEO’s base salary reduced 25% April 1 through October 1
Penn National Gaming, Inc. $3,893 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary CFO and GC base salaries reduced 20% April 1 through October 1
Penn National Gaming, Inc. $3,893 Public: S&P 400 Consumer Services Non-Executives: Reduced Pay The remaining, mission critical staff took immediate, meaningful pay cuts
Penn National Gaming, Inc. $3,893 Public: S&P 400 Consumer Services Suspended 401(k) Match To help mitigate the financial impact of the ongoing COVID-19 pandemic, the Company suspended its contributions under the Deferred Compensation Plan effective on April 1, 2020
Penn National Gaming, Inc. $3,893 Public: S&P 400 Consumer Services Non-Executives: Guaranteed Pay Continuity As for our nearly 325 team members at Hollywood Casino Hotel & Raceway Bangor who will be impacted by this temporary closure, we plan to continue to pay their wages and benefits for the two-week period
Penn National Gaming, Inc. $3,893 Public: S&P 400 Consumer Services Furlough of Employees Unpaid furloughs impacting approximately 26,000 employees beginning on April 1, with medical benefits provided through June 30
Graham Holdings Company $2,889 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Effective April 1, 2020, CEO elected to reduce his 2020 base salaries by 50%
Graham Holdings Company $2,889 Public: S&P 400 Consumer Services Executives: Reduced Executive Chairman Pay Effective April 1, 2020, Chairman elected to reduce his 2020 base salaries by 50%
Graham Holdings Company $2,889 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary NEOs and SVP, Planning and Development, elected to reduce their 2020 base salaries by 20%. One EVP elected to reduce his 2020 base salaries by 50%
Graham Holdings Company $2,889 Public: S&P 400 Consumer Services Non-Executives: Reduced Pay Employee salary reductions
Graham Holdings Company $2,889 Public: S&P 400 Consumer Services Reduced Workforce Temporary employee reductions
Graham Holdings Company $2,889 Public: S&P 400 Consumer Services Furlough of Employees Temporary furloughs
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary The Company’s executive leadership team is taking a 50% salary reduction
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary The Company’s executive leadership team is taking a 50% salary reduction
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Non-Executives: Suspended Raises and/or Bonuses Deferred 2020 merit increases
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Suspended 401(k) Match The Company is deferring its employee 401(k) match
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Reduced Workforce On September 10, 2020, the Company approved a workforce reduction plan, which is currently expected to impact approximately 3,300 associates
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Furlough of Employees The Company furloughed 65% of associates and reduced work hours; all new hires have been frozen
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended share repurchases
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Executives: Suspended Raises and/or Bonuses Deferred 2020 merit increases
Marriott Vacations Worldwide Corporation $2,886 Public: S&P 400 Consumer Services Suspended or Reduced Dividend Payments Temporarily suspending dividend payments
Scientific Games Corporation $2,825 Public: S&P 400 Consumer Services Long-Term Incentive Plan Changes Grant 2020 equity awards that consisted solely of time-vesting RSUs and to limit the number of awards granted to the number that would have been granted if the value of the Company’s common stock was $20, which was approximately the closing price of the common stock on February 26, 2020
Scientific Games Corporation $2,825 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Extended CEO’s salary reduction from 3 months to 4 months (April – July), and decreased his current salary reduction from 100% to 50%
Scientific Games Corporation $2,825 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary Extended salary reductions of 50% for the CEO & 2 NEOs from 3 months to 4 months (April – July)
Scientific Games Corporation $2,825 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Non-employee directors agreed to temporarily forgo 50% of his or her cash compensation for May, June and July, including, in the case of one director, his consulting fees
Scientific Games Corporation $2,825 Public: S&P 400 Consumer Services Non-Executives: Reduced Pay Workforce hour and pay reductions
Scientific Games Corporation $2,825 Public: S&P 400 Consumer Services Furlough of Employees Furloughed support roles that have seen a decrease in industry work
Scientific Games Corporation $2,825 Public: S&P 400 Consumer Services Expanded Benefits Programs Hardship Relief Fund to provide short-term assistance to employees and immediate families
H&R Block, Inc. $2,640 Public: S&P 400 Consumer Services Annual Incentive Plan Changes Revised go forward incentive plan – Due to the extension of the 2020 tax season through July 15, 2020, the Board determined to delay approval of the Company’s 2021 annual operating plan from early June 2020 until September 2020, once final results from the extended tax season and the first quarter of fiscal year 2021 are known. Therefore, the Compensation Committee has determined to defer establishing performance metrics for our fiscal year 2021 STI program until after the annual operating plan has been approved, consistent with our customary practice
H&R Block, Inc. $2,640 Public: S&P 400 Consumer Services Non-Executives: Suspended Raises and/or Bonuses No merit increases for associates companywide for fiscal year 2021
H&R Block, Inc. $2,640 Public: S&P 400 Consumer Services Executives: Suspended Raises and/or Bonuses No merit increases or target incentive changes for fiscal year 2021
Caesars Entertainment, Inc. $2,569 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary All executives agreed to reduce each of their base salaries effective April 11, 2020, and will not impact any other aspect of the executive officers’ compensation
Caesars Entertainment, Inc. $2,569 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary All executives agreed to reduce each of their base salaries effective April 11, 2020, and will not impact any other aspect of the executive officers’ compensation
Caesars Entertainment, Inc. $2,569 Public: S&P 400 Consumer Services Non-Executives: Guaranteed Pay Continuity The company will continue to pay full-time, part-time and regularly scheduled team members for up to two weeks following the temporary closure of properties, and their benefits eligibility will not be interrupted
Caesars Entertainment, Inc. $2,569 Public: S&P 400 Consumer Services Reduced Workforce Laid off 90% of workforce. Those enrolled in the company’s benefits plans will see no loss or interruption through June 30. Those impacted by unpaid leave or furloughs will be paid a biweekly payroll contribution until they return to work or through the end of June
Caesars Entertainment, Inc. $2,569 Public: S&P 400 Consumer Services Furlough of Employees Laid off 90% of workforce. Those enrolled in the company’s benefits plans will see no loss or interruption through June 30. Those impacted by unpaid leave or furloughs will be paid a biweekly payroll contribution until they return to work or through the end of June
Cracker Barrel Old Country Store, Inc. $2,523 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Reduced salary of CEO by 50% for the remainder of the year
Cracker Barrel Old Country Store, Inc. $2,523 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Reduced cash compensation for directors by 50% for the remainder of the year
Cracker Barrel Old Country Store, Inc. $2,523 Public: S&P 400 Consumer Services Reduced Workforce Both furloughed and eliminated a significant portion of corporate and field employees
Cracker Barrel Old Country Store, Inc. $2,523 Public: S&P 400 Consumer Services Furlough of Employees Both furloughed and eliminated a significant portion of corporate and field employees
Cracker Barrel Old Country Store, Inc. $2,523 Public: S&P 400 Consumer Services Suspended Buyback Program In response to the COVID-19 pandemic, the Company temporarily suspended all future share repurchases
Cracker Barrel Old Country Store, Inc. $2,523 Public: S&P 400 Consumer Services Other CEO resigned from an outside board, Dollar General, so she could focus more on guiding her company through the crisis
Cracker Barrel Old Country Store, Inc. $2,523 Public: S&P 400 Consumer Services Suspended or Reduced Dividend Payments The Company deferred the dividend payment declared in the third quarter of 2020 until September 2, 2020
Texas Roadhouse, Inc. $2,398 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary and bonus for the pay period starting March 18 through Jan. 7, 2021 in order to pay the chain’s front line employees during the COVID-19 pandemic
Texas Roadhouse, Inc. $2,398 Public: S&P 400 Consumer Services Executives: Reduced CEO Incentive Compensation CEO will forgo 100% salary and bonus for the pay period starting March 18 through Jan. 7, 2021 in order to pay the chain’s front line employees during the COVID-19 pandemic
Texas Roadhouse, Inc. $2,398 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Each non-employee member of the Board of Directors has also volunteered to forgo 100% of their director and committee fees along with any cash retainers effective immediately and continuing throughout fiscal 2020
Texas Roadhouse, Inc. $2,398 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended all share repurchase activity during Q2
Texas Roadhouse, Inc. $2,398 Public: S&P 400 Consumer Services Suspended or Reduced Dividend Payments Suspended all quarterly cash dividends occurring after March 27
Boyd Gaming Corporation $2,178 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary The Executive Leadership Team will be taking significant salary reduction
Boyd Gaming Corporation $2,178 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary The Executive Leadership Team will be taking significant salary reduction
Boyd Gaming Corporation $2,178 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay The Company’s Board of Directors has agreed to suspend 100% of Board compensation
Boyd Gaming Corporation $2,178 Public: S&P 400 Consumer Services Furlough of Employees Boyd Gaming will place most of its team members on unpaid furlough effective Saturday, April 11. When first closed, provided 1 weeks’ pay to hourly workers and 2 weeks’ pay to managers
Boyd Gaming Corporation $2,178 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended share buyback program
Boyd Gaming Corporation $2,178 Public: S&P 400 Consumer Services Suspended or Reduced Dividend Payments Suspended quarterly cash dividend program
Travel + Leisure Co. $2,160 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Salary reduced 100% for duration of crisis
Travel + Leisure Co. $2,160 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Annual retainer and committee chair and membership fees reduced 50% for duration of crisis
Travel + Leisure Co. $2,160 Public: S&P 400 Consumer Services Reduced Workforce Reduced employee headcount
Travel + Leisure Co. $2,160 Public: S&P 400 Consumer Services Furlough of Employees Implemented furloughs for approximately 9,000 employees
Travel + Leisure Co. $2,160 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended its share repurchase activities in March
Papa John’s International, Inc. $1,761 Public: S&P 400 Consumer Services Expanded Workforce Adding 20,000 jobs due to increased demand for pizza delivery
WW International, Inc. $1,387 Public: S&P 400 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – On October 29, 2020, the Company determined to pay all eligible Company employees in December 2020 that portion of the fiscal 2020 annual, performance-based cash bonus that was accrued based on first quarter fiscal 2020 revenue performance under the Company’s previously-approved fiscal 2020 bonus plan
WW International, Inc. $1,387 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Reduced CEO salary by 100% for the remainder of 2020
WW International, Inc. $1,387 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary Reduced CFO, GC, and President, International salaries by 25% until September 2020
WW International, Inc. $1,387 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Reduced director compensation by 50% until the end of the year
WW International, Inc. $1,387 Public: S&P 400 Consumer Services Reduced Workforce Laying off an undisclosed number of people
The Wendy’s Company $1,360 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Reduced CEO salary by 100%. The CEO’s salary was reinstated in full effective October 4, 2020
The Wendy’s Company $1,360 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary Reduced CFO, GC, and President, International salaries by 25% until September 2020. The NEOs’ salaries were reinstated effective October 4, 2020
The Wendy’s Company $1,360 Public: S&P 400 Consumer Services Non-Executives: Additional Payments for On-Site Employees Effective April 2, hourly crew members, shift managers and assistant General Managers in Company restaurants will receive a 10% increase in hourly pay over the next five weeks
The Wendy’s Company $1,360 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended all share repurchase activity
The Wendy’s Company $1,360 Public: S&P 400 Consumer Services Expanded Benefits Programs Implemented a new emergency paid sick leave policy to help support hourly employees with up to 14 days paid leave in the event they are unable to work. Employees are also being offered free meals and discounted meals for employees and their families on their days off
Churchill Downs Incorporated $1,054 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Salary reduction based on a percentage that varies dependent upon the amount of each employee’s salary until the Company begins to return to normalized operations
Churchill Downs Incorporated $1,054 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary Salary reduction based on a percentage that varies dependent upon the amount of each employee’s salary until the Company begins to return to normalized operations
Churchill Downs Incorporated $1,054 Public: S&P 400 Consumer Services Non-Executives: Reduced Pay Salary reduction based on a percentage that varies dependent upon the amount of each employee’s salary until the Company begins to return to normalized operations
Churchill Downs Incorporated $1,054 Public: S&P 400 Consumer Services Non-Executives: Suspended Raises and/or Bonuses Implementing wage freeze
Churchill Downs Incorporated $1,054 Public: S&P 400 Consumer Services Furlough of Employees Temporary furlough of employees at certain properties effective immediately. Continuing to provide health, dental, vision and life insurance benefits
Churchill Downs Incorporated $1,054 Public: S&P 400 Consumer Services Executives: Suspended Raises and/or Bonuses Implementing wage freeze
Adtalem Global Education Inc. $1,052 Public: S&P 400 Consumer Services Suspended Buyback Program Repurchases under the current program were suspended on March 12; in November 2020, resumed repurchases
Jack in the Box Inc. $1,022 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended its share repurchase activities in May
Jack in the Box Inc. $1,022 Public: S&P 400 Consumer Services Suspended or Reduced Dividend Payments Suspended its dividend activities in May
Wyndham Hotels & Resorts, Inc. $950 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Salary reduced 100% for duration of crisis
Wyndham Hotels & Resorts, Inc. $950 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Cash-based portion of the 2020 annual retainer and committee chair and membership fees reduced 100% for duration of crisis
Wyndham Hotels & Resorts, Inc. $950 Public: S&P 400 Consumer Services Non-Executives: Reduced Pay Instituted salary reductions and reduced-hour work weeks
Wyndham Hotels & Resorts, Inc. $950 Public: S&P 400 Consumer Services Reduced Workforce The Company eliminated 846 positions
Wyndham Hotels & Resorts, Inc. $950 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended its share repurchase activities in March
Choice Hotels International, Inc. $774 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary Reduced the compensation for the Chief Executive Officer for the remainder of 2021
Choice Hotels International, Inc. $774 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary Reduced the compensation for other executive officers for the remainder of 2020
Choice Hotels International, Inc. $774 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Reduced the compensation of the Board of Directors for the remainder of 2020
Choice Hotels International, Inc. $774 Public: S&P 400 Consumer Services Suspended 401(k) Match Suspended associates’ 401(k) match
Choice Hotels International, Inc. $774 Public: S&P 400 Consumer Services Furlough of Employees Implemented a temporary furlough for certain positions in Europe
Choice Hotels International, Inc. $774 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended the company’s share repurchase plan
Choice Hotels International, Inc. $774 Public: S&P 400 Consumer Services Suspended or Reduced Dividend Payments Suspended future, undeclared dividends for the remainder of 2020
Six Flags Entertainment Corporation $357 Public: S&P 400 Consumer Services Executives: Reduced CEO Base Salary 25% salary reduction for all executives effective April 2020. Salaries will be restored effective January 1, 2021
Six Flags Entertainment Corporation $357 Public: S&P 400 Consumer Services Executives: Reduced Other Executive Base Salary 25% salary reduction for all executives
Six Flags Entertainment Corporation $357 Public: S&P 400 Consumer Services Board of Directors: Reduced Pay Cash retainer fees reduced 100% in Q2 2020
Six Flags Entertainment Corporation $357 Public: S&P 400 Consumer Services Non-Executives: Reduced Pay 25% salary reduction for all salaried employees
Six Flags Entertainment Corporation $357 Public: S&P 400 Consumer Services Reduced Workforce Eliminated nearly all of its seasonal labor costs, and positioned itself to maintain this low level until its parks reopen
Six Flags Entertainment Corporation $357 Public: S&P 400 Consumer Services Suspended Buyback Program Suspended payment of dividends and the repurchase of its common stock until the earlier of December 31, 2021, or such time as the company terminates the incremental $131 million of the new revolving credit facility commitments
Six Flags Entertainment Corporation $357 Public: S&P 400 Consumer Services Suspended or Reduced Dividend Payments Suspended payment of dividends and the repurchase of its common stock until the earlier of December 31, 2021, or such time as the company terminates the incremental $131 million of the new revolving credit facility commitments
Wingstop Inc. $249 Public: S&P 400 Consumer Services Non-Executives: Additional Payments for On-Site Employees Additional incentive pay provided to team members during the COVID-19 pandemic
Wingstop Inc. $249 Public: S&P 400 Consumer Services Expanded Benefits Programs The Company enhanced its benefits programs to offer expanded supplemental paid sick leave ahead of state and county mandates and in counties where sick leave was not mandated
Jefferies Financial Group Inc. $6,956 Public: S&P 400 Diversified Financials Executives: Granted Discretionary Award To compensate management for their incredible leadership through the pandemic and for 2020’s outstanding success, the Company awarded each of its NEOs an additional $2 million bonus
FirstCash, Inc. $1,631 Public: S&P 400 Diversified Financials Suspended Buyback Program Suspended stock repurchase program until further notice
FactSet Research Systems Inc. $1,494 Public: S&P 400 Diversified Financials Expanded Benefits Programs Offered financial stipends to allow our employees to ease their remote working
EQT Corporation $2,612 Public: S&P 400 Energy Suspended or Reduced Dividend Payments Suspended quarterly cash dividend on common stock, effective immediately
Murphy Oil Corporation $1,752 Public: S&P 400 Energy Executives: Reduced CEO Base Salary On April 1, 2020, the President and CEO’s annual salary was been reduced by 35%. On February 2, 2021, the Board approved a partial restoration of base salaries to approximately 25% lower than it was prior to the COVID reduction
Murphy Oil Corporation $1,752 Public: S&P 400 Energy Executives: Reduced Other Executive Base Salary Effective April 1, 2020, the other NEOs received salary reductions of as much as 30% with an average of 22% effective April 1, 2020. On February 2, 2021, all NEOs except the CFO had base salaries restored to the level prior to the COVID reduction. The CFO’s base salary was returned to $600,000, approximately 12% lower than it was prior to the COVID reduction
Murphy Oil Corporation $1,752 Public: S&P 400 Energy Board of Directors: Reduced Pay Beginning in second quarter 2020, cash retainers for all directors will be lowered by 35% and cash retainer for the chairman will be reduced by 70%
Murphy Oil Corporation $1,752 Public: S&P 400 Energy Suspended or Reduced Dividend Payments Reduced dividend payment from $0.25 to $0.125 per share payable on June 1, 2020
Cimarex Energy Co. $1,559 Public: S&P 400 Energy Executives: Reduced CEO Base Salary Lowered executive salaries
Cimarex Energy Co. $1,559 Public: S&P 400 Energy Executives: Reduced Other Executive Base Salary Lowered executive salaries
Cimarex Energy Co. $1,559 Public: S&P 400 Energy Board of Directors: Reduced Pay Lowered cash retainer fees for directors
BJ’s Wholesale Club Holdings, Inc. $13,191 Public: S&P 400 Food and Staples Retailing Non-Executives: One-Time Bonus Managers and key personnel will receive a one-time bonus ranging from $500 to $1,000 at the end of March
BJ’s Wholesale Club Holdings, Inc. $13,191 Public: S&P 400 Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Hourly team members will receive an additional $2 per hour beginning March 23 through at least May 2
BJ’s Wholesale Club Holdings, Inc. $13,191 Public: S&P 400 Food and Staples Retailing Expanded Benefits Programs Issued an emergency paid leave program for up to 14 days, waived absenteeism
BJ’s Wholesale Club Holdings, Inc. $13,191 Public: S&P 400 Food and Staples Retailing Suspended or Reduced Dividend Payments Deferred previously declared dividend payment until such time that the Board of Directors determines such payment is prudent. Suspended future quarterly dividends
Casey’s General Stores, Inc. $8,112 Public: S&P 400 Food and Staples Retailing Annual Incentive Plan Changes Revised go forward incentive plan – On June 3, 2020, the Board, acting on the recommendation of the Committee, approved annual incentive compensation for the 2021 fiscal year (the “2021 Annual Plan”). The 2021 Annual Plan will be based on EBITDA (50%), with the remaining 50% based on gross profit dollars in the fuel category (25%) and same-store sales growth in the inside sales category (25%). All bonuses earned under the 2021 Annual Plan will be paid in cash
Casey’s General Stores, Inc. $8,112 Public: S&P 400 Food and Staples Retailing Long-Term Incentive Plan Changes Revised go forward incentive plan – On June 2, 2020, the Committee approved annual long-term equity incentive awards to its NEOs (other than CFO). The awards, made under the terms of the Company’s 2018 Stock Incentive Plan, are based on a percentage of 2021 fiscal year base salary and consist of (i) time-based restricted stock units (“RSUs”), comprising 25% of the award amount, (ii) performance-based restricted stock units (“PSUs”) subject to return on invested capital (“ROIC”) performance goals, comprising 37.5% of the award amount, and (iii) PSUs subject to EBITDA performance goals, comprising 37.5% of the award amount. The PSUs granted represent a “target” amount, with the number of shares awarded based on the Company’s achievement of threshold (50% awarded), target (100% awarded) and maximum (200% awarded) performance goals over a three-year performance period (fiscal years 2021, 2022 and 2023) (the “Performance Period”). Additionally, following the determination of the Company’s achievement of the ROIC and EBITDA goals for the Performance Period, the PSUs actually awarded will be subject to a positive or negative adjustment based upon a comparison of the Company’s total shareholder return (“TSR”) relative to a comparator group for the Performance Period (the “TSR Modifier”). If the Company ranks in the bottom quartile of the group, the number of PSUs actually awarded will be reduced by 25%; if the Company ranks in the top quartile of the group, the number of PSUs actually awarded will be increased by 25% (which, based on maximum performance goals achieved, could result in a payment of up to 250% of “target” for the PSUs)
Casey’s General Stores, Inc. $8,112 Public: S&P 400 Food and Staples Retailing Executives: Granted Discretionary Award One-time performance recognition equity grant to an SVP for leading the company’s COVID-19 task force. The RSUs will vest on June 2, 2022, generally subject to continued employment
Casey’s General Stores, Inc. $8,112 Public: S&P 400 Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Announced in March that the company is giving all full-time and part-time store employees an additional $2 per hour
Casey’s General Stores, Inc. $8,112 Public: S&P 400 Food and Staples Retailing Expanded Benefits Programs Provided expanded leave benefits and supplemental pay and bonuses to front-line and other team members
Pilgrim’s Pride Corporation $12,092 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: One-Time Bonus Employees will receive $300 in bonuses, with $100 paid now and $200 in May
Post Holdings, Inc. $5,699 Public: S&P 400 Food, Beverage and Tobacco Long-Term Incentive Plan Changes Revised go forward incentive plan – For fiscal year 2020, the Company modified its LTI approach to not include stock options. All NEOs will receive LTI awards consisting of approximately 50% PSUs and 50% RSUs. PSUs will vest based on relative TSR
Post Holdings, Inc. $5,699 Public: S&P 400 Food, Beverage and Tobacco Executives: Granted Discretionary Award On November 17, 2020, the Compensation Committee approved an amendment to the President and CEO’s RSU award granted on February 2, 2016. In recognition of the CEO’s valuable service during a challenging year, the amendment accelerates the vesting of the 2016 RSUs from February 2, 2021 to December 15, 2020
Post Holdings, Inc. $5,699 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: One-Time Bonus The Company paid special bonuses and incentives to over 4,000 manufacturing employees in recognition of outstanding service during the COVID-19 pandemic
Post Holdings, Inc. $5,699 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Funds typically used for NEO base salary increases will instead be used to provide meaningful increases to hourly employees at manufacturing facilities in recognition of service during the pandemic
Post Holdings, Inc. $5,699 Public: S&P 400 Food, Beverage and Tobacco Furlough of Employees Temporary furloughs. All employees furloughed in fiscal 2020 have returned to full employment
Post Holdings, Inc. $5,699 Public: S&P 400 Food, Beverage and Tobacco Suspended Buyback Program The Company temporarily suspended its share repurchase program, and resumed the program in May 2020
Post Holdings, Inc. $5,699 Public: S&P 400 Food, Beverage and Tobacco Executives: Suspended Raises and/or Bonuses The Company announced that none of the NEOs will receive a base salary increase in fiscal year 2021. Funds typically used for base salary increases will instead be used to provide meaningful increases to hourly employees at manufacturing facilities in recognition of service during the pandemic
Flowers Foods, Inc. $4,388 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: Guaranteed Pay Continuity Continued to pay furloughed production workers until April 27, 2020
Flowers Foods, Inc. $4,388 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: One-Time Bonus Appreciation bonuses to on-site workers: $500 for full-time workers and $250 for part-time
Flowers Foods, Inc. $4,388 Public: S&P 400 Food, Beverage and Tobacco Furlough of Employees Implemented employee furlough program
Flowers Foods, Inc. $4,388 Public: S&P 400 Food, Beverage and Tobacco Expanded Benefits Programs Implemented emergency COVID-19 leave and short-term disability policies for its 9,700 employees
TreeHouse Foods, Inc. $4,350 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees The Company disclosed higher costs incurred in response to the COVID-19 pandemic, including supplemental pay for employees
Sanderson Farms, Inc. $3,564 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees From late March 2020 through mid-September 2020, the Company paid a $1 per hour attendance bonus and offered paid time off for employees not working for reasons related to COVID-19
Sanderson Farms, Inc. $3,564 Public: S&P 400 Food, Beverage and Tobacco Expanded Benefits Programs In November 2020, the Company adopted a practice to send home for two weeks, with pay, employees ages 65 or older who work at Company locations at which the number of positive COVID-19 cases as a percentage of total employees at that location reaches a certain threshold. The Company also sent home 400 employees with pay who were residents of a county that experienced a high rate of community infections
Sanderson Farms, Inc. $3,564 Public: S&P 400 Food, Beverage and Tobacco Other During the COVID-19 pandemic, regular Board meetings held virtually were treated as “in-person” meetings
Lancaster Colony Corporation $1,334 Public: S&P 400 Food, Beverage and Tobacco Annual Incentive Plan Changes Revised current, in-process incentive plan – Based all fiscal 2020 bonus payouts on the performance of the Corporation as a whole, rather than considering the performance of our individual business units. The key rationale for the change was how well the management team pulled together in reaction to the pandemic
Lancaster Colony Corporation $1,334 Public: S&P 400 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees The Company increased hourly wage rates for front-line employees
Tootsie Roll Industries, Inc. $478 Public: S&P 400 Food, Beverage and Tobacco Delay of Annual Meeting Delayed annual meeting from May 4 to August 21 on April 28
Molina Healthcare, Inc. $18,375 Public: S&P 400 Health Care Equipment and Services Expanded Benefits Programs The Company offers COVID-19 time off that provides employees with up to 80 hours of paid time away from work to recover from COVID-19
Tenet Healthcare Corporation $17,640 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO gave up 50% of 3 months’ salary, roughly $390k, to a fund to help employees struggling to make ends meet
Tenet Healthcare Corporation $17,640 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Also, our other executive leadership team members will be donating 20% of their salaries for three months, along with many other leaders across the Company who will be donating 10% of their salaries for three months
Tenet Healthcare Corporation $17,640 Public: S&P 400 Health Care Equipment and Services Reduced Workforce Reduced overall employee headcount
Tenet Healthcare Corporation $17,640 Public: S&P 400 Health Care Equipment and Services Furlough of Employees Furloughed thousands of employees
Patterson Companies, Inc. $5,490 Public: S&P 400 Health Care Equipment and Services Annual Incentive Plan Changes Revised go forward incentive plan – Fiscal 2021 bonus was simplified to be based on adjusted operating income against goals and an assessment of each executives’ performance against individual performance goals and objectives
Patterson Companies, Inc. $5,490 Public: S&P 400 Health Care Equipment and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – Fiscal 2021 PSUs will be based on a 3-year performance cycle with goals set at the beginning of each year in the cycle. Metrics for the 1st year of the 3-year cycle include adjusted net income and enterprise free cash flow, each weighted 50%. Total shares earned over the 3-year cycle will then be subject to a 3-year relative TSR modifier based on Patterson’s TSR against the S&P 400
Patterson Companies, Inc. $5,490 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced by 35% May 1 until July 31, 2020
Patterson Companies, Inc. $5,490 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO salaries reduced by 30% May 1 until July 31, 2020
Patterson Companies, Inc. $5,490 Public: S&P 400 Health Care Equipment and Services Board of Directors: Reduced Pay Director retainers and other cash fees have been reduced by 25% until July 31, 2020
Patterson Companies, Inc. $5,490 Public: S&P 400 Health Care Equipment and Services Non-Executives: Reduced Pay Manager through VP level employees will have salaries reduced by 10% to 20% through July 31, 2020
Patterson Companies, Inc. $5,490 Public: S&P 400 Health Care Equipment and Services Furlough of Employees Implemented furloughs
Encompass Health Corporation $4,644 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduced salaries of executive team for six months
Encompass Health Corporation $4,644 Public: S&P 400 Health Care Equipment and Services Reduced Workforce Furloughed and reduced portion of workforce
Encompass Health Corporation $4,644 Public: S&P 400 Health Care Equipment and Services Furlough of Employees Furloughed and reduced portion of workforce
Encompass Health Corporation $4,644 Public: S&P 400 Health Care Equipment and Services Suspended Buyback Program Suspended its authorized share repurchase program
Encompass Health Corporation $4,644 Public: S&P 400 Health Care Equipment and Services Expanded Benefits Programs Frontline employees provided additional paid time off in recognition of their outstanding efforts during the COVID-19 outbreak
Acadia Healthcare Company, Inc. $3,147 Public: S&P 400 Health Care Equipment and Services Furlough of Employees Implemented employee furlough program
Hill-Rom Holdings, Inc. $2,881 Public: S&P 400 Health Care Equipment and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – The Company decided to include all participants (including all NEOs) in the corporate pool effective for the entire fiscal year and did not include any participants in the individual business unit pools. This change allowed the Company to stay true to the original design of the BIG Plan while acknowledging the uncertain nature of the impact of COVID-19 on the Company. Focusing all participants on the corporate pool enabled Hillrom to coalesce around one set of Company goals to better weather the COVID-19 pandemic, regardless of how the pandemic impacted an individual business unit or geographic region
Hill-Rom Holdings, Inc. $2,881 Public: S&P 400 Health Care Equipment and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – The Board determined to grant higher than target LTI awards to three NEOs for fiscal year 2021 based on individual performance and leadership displayed during fiscal year 2020 in guiding the Company through the challenges it faced in responding to the effects of the COVID-19 pandemic as well as to facilitate retention of these key individuals in a highly competitive market
Hill-Rom Holdings, Inc. $2,881 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary All NEOs, including the CEO, declined salary increases for fiscal year 2021
LHC Group, Inc. $2,062 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary Executive team is forgoing up to 30% of their salary
LHC Group, Inc. $2,062 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Executive team, all other members of our leadership team and all home office leaders are flexing a minimum of 10% and up to 30% of their salary
LHC Group, Inc. $2,062 Public: S&P 400 Health Care Equipment and Services Non-Executives: Reduced Pay All home office leaders are flexing a minimum of 10% and up to 30% of their salary
LHC Group, Inc. $2,062 Public: S&P 400 Health Care Equipment and Services Reduced Workforce Select furloughs and workforce reductions
LHC Group, Inc. $2,062 Public: S&P 400 Health Care Equipment and Services Furlough of Employees Select furloughs and workforce reductions
LHC Group, Inc. $2,062 Public: S&P 400 Health Care Equipment and Services Expanded Benefits Programs The Company implemented a special COVID-19 pandemic grant program that supports employees experiencing financial hardships, retirement plan amendments, special cash-in opportunities for paid time off, expanded offerings in its employee assistance program, a wage supplement program designed to restore certain lost wages for frontline direct patient care-giving employees that qualified, and a PTO replenishment program designed to restore certain hours of paid time off for front line direct patient care-giving employees that qualified and for any employees who previously donated their PTO hours to these front line direct patient caregivers
Quidel Corporation $1,662 Public: S&P 400 Health Care Equipment and Services Non-Executives: One-Time Bonus Granted RSU special to SVP, R&D for COVID-19 contributions
Integra LifeSciences Holdings Corporation $1,372 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary Effective April 27, CEO will temporarily forgo 50% of his base salary for a time period at the Committee’s discretion
Integra LifeSciences Holdings Corporation $1,372 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Effective April 27, NEOs will temporarily forgo 25% of their salaries for a time period at the Committee’s discretion
Integra LifeSciences Holdings Corporation $1,372 Public: S&P 400 Health Care Equipment and Services Board of Directors: Reduced Pay For the one-year term beginning at the 2020 Annual Meeting of Stockholders, the annual retainer for each independent director will be reduced 50%
Integra LifeSciences Holdings Corporation $1,372 Public: S&P 400 Health Care Equipment and Services Non-Executives: Reduced Pay Eliminated overtime pay and froze hiring at the beginning of the pandemic
Integra LifeSciences Holdings Corporation $1,372 Public: S&P 400 Health Care Equipment and Services Furlough of Employees Furloughed employees
NuVasive, Inc. $1,069 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary has been reduced by 20% until the end of the year
NuVasive, Inc. $1,069 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO salaries have been reduced by 10%-15% until the end of the year
NuVasive, Inc. $1,069 Public: S&P 400 Health Care Equipment and Services Board of Directors: Reduced Pay The Board will forgo 100% of quarterly cash retainers for the quarter ending on June 30, 2020
Cantel Medical Corp. $1,016 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduced CEO salary by 100% for three months March 2020 through mid-June 2020
Cantel Medical Corp. $1,016 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Reduced NEO salaries by at least 10% for four months April 2020 and August 2020
Cantel Medical Corp. $1,016 Public: S&P 400 Health Care Equipment and Services Board of Directors: Reduced Pay Reduced annual cash retainer for directors by 50% until the end of the year. Reduced Chairman salary by 100% until June 1, 2020
Cantel Medical Corp. $1,016 Public: S&P 400 Health Care Equipment and Services Non-Executives: Reduced Pay Decreased pay for administrative personnel
Cantel Medical Corp. $1,016 Public: S&P 400 Health Care Equipment and Services Furlough of Employees Implemented workforce reductions through furloughs across manufacturing sites
Cantel Medical Corp. $1,016 Public: S&P 400 Health Care Equipment and Services Suspended or Reduced Dividend Payments Suspended all dividends until October 31, 2021
Haemonetics Corporation $988 Public: S&P 400 Health Care Equipment and Services Executives: Suspended Raises and/or Bonuses In the first quarter of fiscal 2021, the Compensation Committee determined to postpone salary merit increases for our executive officers
Avanos Medical, Inc. $715 Public: S&P 400 Health Care Equipment and Services Non-Executives: Suspended Raises and/or Bonuses Suspended 2020 merit increases for non-manufacturing, salaried employees
Avanos Medical, Inc. $715 Public: S&P 400 Health Care Equipment and Services Reduced Workforce In the fourth quarter of 2020, the Company reduced the size of the senior leadership team, consolidated operations, exited unprofitable lines of business and reduced office space based on expectations following the COVID-19 pandemic
Avanos Medical, Inc. $715 Public: S&P 400 Health Care Equipment and Services Executives: Suspended Raises and/or Bonuses Suspended 2020 merit increases for non-manufacturing, salaried employees
Penumbra, Inc. $560 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary More than 20 senior executives have voluntarily taken substantial temporary salary reductions
Penumbra, Inc. $560 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary More than 20 senior executives have voluntarily taken substantial temporary salary reductions
Neogen Corporation $418 Public: S&P 400 Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduced CEO salary 100% for Q4
Neogen Corporation $418 Public: S&P 400 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Reduced NEO salaries 50% for Q4
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Annual Incentive Plan Changes Revised current, in-process incentive plan – Set the fiscal year 2020 bonus targets in two parts to align with the organizational changes in connection with the Company’s Turnaround Plan; Revised go forward incentive plan – Cash bonus program will be suspended for fiscal year 2021
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Long-Term Incentive Plan Changes Revised go forward incentive plan – The individual awards reflect a 20% reduction from 2020 levels, but will vest over three years, rather than five year graded vesting
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Executives: Granted Discretionary Award In recognition of Mr. Huber’s critical role in delivering on the Company’s financial goals and Transformation Plan agenda, the RNC awarded Mr. Huber a special incentive and retention cash bonus under the APP in March 2020. The award will be paid in July 2021 in the amount of his annual base salary, assuming his continued employment and commitment to the Company’s goals
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Executives: Reduced CEO Base Salary Salary reduced 25% for 2020
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Executives: Reduced Other Executive Base Salary CFO and COO salaries reduced 25% for 2020
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Board of Directors: Reduced Pay On April 12, the Board of Directors approved a temporary 25% reduction of the annual cash remuneration for the 2021 fiscal year
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Non-Executives: Guaranteed Pay Continuity Committed to pay full- and part-time employees who can’t work remotely and have shelter-in-place orders
Coty Inc. $4,718 Public: S&P 400 Household and Personal Products Suspended or Reduced Dividend Payments Suspended its dividend through April 1, 2021
Energizer Holdings, Inc. $2,745 Public: S&P 400 Household and Personal Products Annual Incentive Plan Changes Revised current, in-process incentive plan – In November 2020, exercised negative discretion to reduce the final payout amounts to the NEOs under the Annual Incentive Plan for fiscal 2020 from 125% to 100%
Edgewell Personal Care Company $1,950 Public: S&P 400 Household and Personal Products Executives: Suspended Raises and/or Bonuses In anticipation of the continued COVID-19 economic environment, the Board did not approve any merit increases to the NEOs’ annual base salary
Brighthouse Financial, Inc. $8,503 Public: S&P 400 Insurance Suspended Buyback Program Temporarily suspended share repurchases
Old Republic International Corporation $7,166 Public: S&P 400 Insurance Suspended or Reduced Dividend Payments Reduced or eliminated dividends associated with certain equity investments
CNO Financial Group, Inc. $3,821 Public: S&P 400 Insurance Suspended Buyback Program Temporarily suspended share repurchases starting mid-March 2020
CNO Financial Group, Inc. $3,821 Public: S&P 400 Insurance Expanded Benefits Programs In 2020, the Company reimbursed COVID-19 testing and treatment at 100%; In 2020, the Company expanded PTO policies for employees
CNO Financial Group, Inc. $3,821 Public: S&P 400 Insurance Other In 2020, the Company committed to no COVID-19 related layoffs in 2020
Reliance Steel & Aluminum Co. $8,812 Public: S&P 400 Materials Reduced Workforce Due to the COVID-19 pandemic, the Company closed some of its locations and incurred employee costs related to downsizing
Reliance Steel & Aluminum Co. $8,812 Public: S&P 400 Materials Furlough of Employees Recalled the majority of furloughed employees in June
O-I Glass, Inc. $6,091 Public: S&P 400 Materials Executives: Reduced CEO Base Salary Reduced CEO salary by 25% until the end of the year
O-I Glass, Inc. $6,091 Public: S&P 400 Materials Executives: Reduced Other Executive Base Salary Reduced NEO salaries by 20% until the end of the year
O-I Glass, Inc. $6,091 Public: S&P 400 Materials Board of Directors: Reduced Pay Reduced cash fees payable to directors by 25% until the end of the year
O-I Glass, Inc. $6,091 Public: S&P 400 Materials Non-Executives: Reduced Pay Implemented wage deferrals for salaried employees
O-I Glass, Inc. $6,091 Public: S&P 400 Materials Reduced Workforce Implemented reduction-in-force program
O-I Glass, Inc. $6,091 Public: S&P 400 Materials Suspended Buyback Program Suspended share buyback program until further notice
O-I Glass, Inc. $6,091 Public: S&P 400 Materials Suspended or Reduced Dividend Payments In 2020, the Company suspended dividend payments and share repurchases
RPM International Inc. $5,507 Public: S&P 400 Materials Executives: Reduced CEO Base Salary Effective May 1 through September 1, 2020, CEO’s base pay was temporarily reduced 30%
RPM International Inc. $5,507 Public: S&P 400 Materials Executives: Reduced Other Executive Base Salary Effective May 1 through September 1, 2020, NEO base pay was temporarily reduced 10%
RPM International Inc. $5,507 Public: S&P 400 Materials Board of Directors: Reduced Pay Effective May 1 through September 1, 2020, annual cash retainer for Directors was temporarily reduced 30%
RPM International Inc. $5,507 Public: S&P 400 Materials Suspended Buyback Program Suspended stock buyback program. On January 19, 2021, the Board authorized the resumption of stock repurchases and extended the expiration of the program beyond its original May 31, 2021 expiration date until such time as the remainder of the stock repurchase program has been utilized and the totality of remaining capital has been returned to shareholders
Sonoco Products Company $5,237 Public: S&P 400 Materials Furlough of Employees Implemented employee furloughs
The Chemours Company $4,969 Public: S&P 400 Materials Executives: Reduced CEO Base Salary CEO is taking a temporary base salary reduction of 40%. Our temporary base salary reductions that were implemented in May 2020 were discontinued in September 2020, and employees were reimbursed their forgone base salary amounts in December 2020
The Chemours Company $4,969 Public: S&P 400 Materials Executives: Reduced Other Executive Base Salary Executive team are taking a temporary base salary reduction of 30%. Our temporary base salary reductions that were implemented in May 2020 were discontinued in September 2020, and employees were reimbursed their forgone base salary amounts in December 2020
The Chemours Company $4,969 Public: S&P 400 Materials Non-Executives: Reduced Pay In addition, we are making temporary base pay reductions for salaried employees globally, until we see an improvement in demand across the Company. Our temporary base salary reductions that were implemented in May 2020 were discontinued in September 2020, and employees were reimbursed their forgone base salary amounts in December 2020
The Chemours Company $4,969 Public: S&P 400 Materials Suspended Buyback Program Temporarily suspended share repurchases
The Scotts Miracle-Gro Company $4,132 Public: S&P 400 Materials Non-Executives: One-Time Bonus In response to COVID-19, the Company granted a special one-time bonus of $2,000 (prorated based on date of hire) to approximately 3,000 non-incentive eligible associates, consisting of a $500 cash payment and a $1,500 retirement plan contribution. To award extraordinary performance of select associates in response to COVID-19, the company awarded a 50% upward discretionary adjustment for 15% of incentive eligible associates (non-NEOs)
The Scotts Miracle-Gro Company $4,132 Public: S&P 400 Materials Non-Executives: Additional Payments for On-Site Employees In March 2020, the Company implemented a premium pay program equal to 50% of front-line associates’ normal base rate, which applied to 5,000 employees. As of June 2020, premium pay was awarded based on a measure of local market COVID-19 case rates and applies to over 50% of employees as of December 2020. In response to COVID-19, the Company accelerated the effective date of the planned fiscal 2021 hourly wage increase to the summer of 2020, several months early
The Scotts Miracle-Gro Company $4,132 Public: S&P 400 Materials Suspended Buyback Program Temporarily suspended share repurchases as of March 30, 2020
The Scotts Miracle-Gro Company $4,132 Public: S&P 400 Materials Expanded Benefits Programs Implemented an emergency pay program whereby any associates who became ill, or showed potential COVID-19 related symptoms, could safely isolate at home without losing pay; To promote health, the Company offered a $1,000 incentive to 4,000 non-incentive eligible employees (over 90% of those who qualified) if they received a flu vaccine by November 30, 2020
The Scotts Miracle-Gro Company $4,132 Public: S&P 400 Materials Other In September 2020, the Company paid a special dividend of $5.00 per share in addition to the normal quarterly dividends paid in fiscal year 2020
Domtar Corporation $3,652 Public: S&P 400 Materials Suspended Buyback Program Suspension of share repurchase program
Domtar Corporation $3,652 Public: S&P 400 Materials Suspended or Reduced Dividend Payments Suspension of quarterly dividends
Avient Corporation $3,242 Public: S&P 400 Materials Annual Incentive Plan Changes Based on the impact of COVID-19, the difficult working environment and individual contributions relative to their peers, the Compensation Committee decided to apply a +10% discretionary modifier to adjust the final payout levels for the Interim CEO and CFO but decided not to apply the modifier to the final payout levels for the other NEOs
Worthington Industries, Inc. $3,059 Public: S&P 400 Materials Annual Incentive Plan Changes Revised go forward incentive plan – Bifurcated fiscal 2021 bonus plan with different targets for each 6-month period (May 31 fiscal year-end)
Worthington Industries, Inc. $3,059 Public: S&P 400 Materials Board of Directors: Reduced Pay Board agreed to not increase director retainer and equity compensation for 2021
Worthington Industries, Inc. $3,059 Public: S&P 400 Materials Reduced Workforce Implemented furloughs and some permanent reductions in force. As of June 25, over half of the furloughed employees had returned to work
Worthington Industries, Inc. $3,059 Public: S&P 400 Materials Furlough of Employees Implemented furloughs and some permanent reductions in force. As of June 25, over half of the furloughed employees had returned to work
AptarGroup, Inc. $2,929 Public: S&P 400 Materials Non-Executives: One-Time Bonus On April 30, 2020, the Company announced a one-time cash Thank You Award for the majority of employees who have done a tremendous job maintaining supply to customers and keeping the Company’s facilities running, in order to honor, thank and motivate Aptar’s dedicated workforce during this challenging time
AptarGroup, Inc. $2,929 Public: S&P 400 Materials Suspended Buyback Program The Company temporarily paused its share repurchase program as a precautionary measure given near-term uncertainties. As of the fourth quarter of 2020, the Company had removed the suspension on share repurchases
Cabot Corporation $2,614 Public: S&P 400 Materials Executives: Reduced CEO Base Salary In recognition of the impact of the coronavirus pandemic on the Company’s business and operations during fiscal year 2020, at his request, Mr. Keohane’s salary was temporarily suspended from April 1 through June 30, 2020
Cabot Corporation $2,614 Public: S&P 400 Materials Furlough of Employees Selected employee furloughs where operations were curtailed
Cabot Corporation $2,614 Public: S&P 400 Materials Suspended Buyback Program Halted share repurchases in the near-term.
Valvoline Inc. $2,353 Public: S&P 400 Materials Annual Incentive Plan Changes Revised current, in-process incentive plan – The Board approved a COVID-19 exception to provide that payouts for operating segment employees would equal the greater of (1) the payout amount for Valvoline corporate employees or (2) the payout amount for the operating segment. For fiscal 2020, the Company modified adjusted EBITDA for purposes of determining annual incentive payouts to exclude $2.6 million related to the adjusted payouts for COVID-19 for Quick Lubes and International operating segment employees, resulting in 133.8% achievement instead of 0%
Valvoline Inc. $2,353 Public: S&P 400 Materials Suspended Buyback Program Suspended its share repurchase activities in April
Ashland Global Holdings Inc. $2,326 Public: S&P 400 Materials Executives: Granted Discretionary Award In recognition of extremely strong leadership during COVID-19 and a record year overall, the Company awarded an additional lump sum payment of $150,000 as part of a separation agreement with its outgoing General Counsel
Eagle Materials Inc. $1,451 Public: S&P 400 Materials Suspended or Reduced Dividend Payments Future quarterly cash dividends will be suspended until further notice
Ingevity Corporation $1,216 Public: S&P 400 Materials Suspended 401(k) Match Suspended 401(k) matches and other deferred compensation programs for salaried employees
Ingevity Corporation $1,216 Public: S&P 400 Materials Reduced Workforce Reduced headcount through creating early retirement initiatives and employment reductions
Ingevity Corporation $1,216 Public: S&P 400 Materials Furlough of Employees Implemented furloughs for certain production employees
Ingevity Corporation $1,216 Public: S&P 400 Materials Suspended Buyback Program Temporarily suspended share repurchases in March 2020
Royal Gold, Inc. $495 Public: S&P 400 Materials Executives: Granted Discretionary Award In August 2020, approved discretionary cash bonuses to each the CEO and COO of $50,000 for their leadership during the COVID-19 pandemic
TEGNA Inc. $2,694 Public: S&P 400 Media and Entertainment Executives: Reduced CEO Base Salary CEO and the board are getting 25% pay cuts during April, May and June
TEGNA Inc. $2,694 Public: S&P 400 Media and Entertainment Executives: Reduced Other Executive Base Salary General managers at Tegna stations and corporate senior VPs and above are getting 20% temporary pay reductions
TEGNA Inc. $2,694 Public: S&P 400 Media and Entertainment Board of Directors: Reduced Pay CEO and the board are getting 25% pay cuts during April, May and June
TEGNA Inc. $2,694 Public: S&P 400 Media and Entertainment Non-Executives: Reduced Pay Key station department heads are getting temporary 8% pay reductions
TEGNA Inc. $2,694 Public: S&P 400 Media and Entertainment Furlough of Employees Most employees take a temporary one-week furlough during April, May and June
John Wiley & Sons, Inc. $1,831 Public: S&P 400 Media and Entertainment Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee agreed to measure annual incentive performance ratably using ten months pre-COVID-19 (May 1, 2019 through February 29, 2020) and two months post (March 1, 2020 through April 30, 2020) weighted separately due to the impact of the pandemic on their fiscal year end results
John Wiley & Sons, Inc. $1,831 Public: S&P 400 Media and Entertainment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Given the timing and the disproportionate impact of the global pandemic relative to the end of this performance cycle, the Compensation Committee applied discretion to restore payout of 2018-2020 PSUs to the performance level for the 34 month period preceding COVID-19
John Wiley & Sons, Inc. $1,831 Public: S&P 400 Media and Entertainment Executives: Reduced CEO Base Salary Reduced CEO salary by 30% effective June 16, 2020 for six months
John Wiley & Sons, Inc. $1,831 Public: S&P 400 Media and Entertainment Executives: Reduced Other Executive Base Salary Reduced NEO salaries by 15% effective June 16, 2020 for six months
John Wiley & Sons, Inc. $1,831 Public: S&P 400 Media and Entertainment Board of Directors: Reduced Pay Board agreed to not increase director compensation for 2021. Effective June 11, reduced the cash-based portion of the annual retainer by 30%, accompanied by an equivalent percentage reduction in the compensation of the Chairman of the Board, for a period of six months
John Wiley & Sons, Inc. $1,831 Public: S&P 400 Media and Entertainment Suspended Buyback Program Suspended its share repurchase activities in April
Cinemark Holdings, Inc. $1,377 Public: S&P 400 Media and Entertainment Executives: Reduced CEO Base Salary CEO will forgo 100% of salary during the closures
Cinemark Holdings, Inc. $1,377 Public: S&P 400 Media and Entertainment Executives: Reduced Other Executive Base Salary U.S. corporate employees will see deep cuts in compensation of at least 50%. Some have voluntarily agreed to take even steeper cuts than were mandated
Cinemark Holdings, Inc. $1,377 Public: S&P 400 Media and Entertainment Board of Directors: Reduced Pay Salary reduced 100% for duration of crisis
Cinemark Holdings, Inc. $1,377 Public: S&P 400 Media and Entertainment Non-Executives: Reduced Pay U.S. corporate employees will see deep cuts in compensation of at least 50%. Some have voluntarily agreed to take even steeper cuts than were mandated
Cinemark Holdings, Inc. $1,377 Public: S&P 400 Media and Entertainment Reduced Workforce Laying off over 17,500 of our domestic hourly theatre employees
Cinemark Holdings, Inc. $1,377 Public: S&P 400 Media and Entertainment Furlough of Employees Furlough 50% of headquarter employees at 20% of salary (with full benefits)
Cinemark Holdings, Inc. $1,377 Public: S&P 400 Media and Entertainment Suspended or Reduced Dividend Payments Suspended quarterly dividend, which is anticipated to preserve approximately $42.0 million each quarter
World Wrestling Entertainment, Inc. $974 Public: S&P 400 Media and Entertainment Executives: Reduced CEO Base Salary Reducing executive and board member compensation
World Wrestling Entertainment, Inc. $974 Public: S&P 400 Media and Entertainment Executives: Reduced Other Executive Base Salary Reducing executive and board member compensation
World Wrestling Entertainment, Inc. $974 Public: S&P 400 Media and Entertainment Board of Directors: Reduced Pay Reducing executive and board member compensation
World Wrestling Entertainment, Inc. $974 Public: S&P 400 Media and Entertainment Reduced Workforce The Company reduced its workforce as a result of COVID-19
World Wrestling Entertainment, Inc. $974 Public: S&P 400 Media and Entertainment Furlough of Employees Furlough a portion of its workforce effective immediately
World Wrestling Entertainment, Inc. $974 Public: S&P 400 Media and Entertainment Suspended Buyback Program Suspended its share repurchase activities in April
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Annual Incentive Plan Changes CEO will forgo 100% of the shares subject to his 2020 RSU award that were expected to vest during the remainder of 2020, as well as the portion of any shares that become eligible to vest under his 2020 Performance Award that would meet the time-vesting requirement during the remainder of 2020
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Executives: Reduced CEO Base Salary CEO will forgo 100% of salary and will not vest any of his 2020 stock awards for the rest of the year
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Executives: Reduced CEO Incentive Compensation CEO will forgo 100% of the shares subject to his 2020 RSU award that were expected to vest during the remainder of 2020, as well as the portion of any shares that become eligible to vest under his 2020 Performance Award that would meet the time-vesting requirement during the remainder of 2020
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Executives: Reduced Other Executive Base Salary All executives have taken 20% to 30% pay cuts
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Board of Directors: Reduced Pay Reduced Board compensation by 25% for 2020
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Reduced Workforce Laid off 1,000 employees. The company will offer severance pay, as well as reimbursement for up to three months of health insurance coverage
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Furlough of Employees Furloughed 1,100 employees. Furloughed employees will retain most of their benefits and receive two weeks of additional pay
Yelp Inc. $873 Public: S&P 400 Media and Entertainment Suspended Buyback Program Deferring share repurchases under its repurchase program indefinitely
TripAdvisor, Inc. $604 Public: S&P 400 Media and Entertainment Executives: Reduced CEO Base Salary CEO salary reduced 100% for the remainder of 2020
TripAdvisor, Inc. $604 Public: S&P 400 Media and Entertainment Non-Executives: Reduced Pay Most of our salaried employees to move to a 4 day work week and take a corresponding 20% reduction in base salary, for three months starting in June
TripAdvisor, Inc. $604 Public: S&P 400 Media and Entertainment Suspended 401(k) Match Pausing the company’s U.S.-based 401K match for three months starting in June
TripAdvisor, Inc. $604 Public: S&P 400 Media and Entertainment Reduced Workforce Announced a workforce reduction that will impact more than 900 employees, which is approximately one-quarter of our total workforce
TripAdvisor, Inc. $604 Public: S&P 400 Media and Entertainment Furlough of Employees Putting a number of employees on furlough, although we hope they will be able to return to work later this year
Syneos Health, Inc. $4,416 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Implemented temporary salary reduction for executives and highly compensated individuals
Syneos Health, Inc. $4,416 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Implemented temporary salary reduction for executives and highly compensated individuals
Syneos Health, Inc. $4,416 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay Implemented temporary salary reduction for the Board of Directors
Syneos Health, Inc. $4,416 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay Implemented temporary salary reduction for executives and highly compensated individuals
Syneos Health, Inc. $4,416 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Suspended 401(k) Match Suspended 401(k) match
Syneos Health, Inc. $4,416 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Voluntary furloughs
Syneos Health, Inc. $4,416 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Suspended Buyback Program Paused share repurchase program for Q2 2020
Emergent BioSolutions Inc. $1,555 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Expanded Benefits Programs In 2020, the Company provided supplemental paid time off to employees who were unable to work due to COVID-19 symptoms or diagnosis, or to deal with family COVID issues
Bio-Techne Corporation $739 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised current, in-process incentive plan – The Committee determined that paying a 2020 bonus based on performance through Q3 more accurately reflected management performance and encouraged retention; Such evaluation of performance was applied to all management and other key employees who helped the Company manage through the pandemic; It based the calculation on FY 2020 performance through the third quarter, which had the effect of reflecting some but not all of the negative impact of the pandemic; For those employees on sales commission plans, the Company adjusted targets for the fourth quarter of fiscal year 2020 to make the plans more achievable in light of the pandemic
Bio-Techne Corporation $739 Public: S&P 400 Pharmaceuticals, Biotechnology and Life Sciences Long-Term Incentive Plan Changes In light of the strong performance through the first eleven quarters of the three-year measurement period and outstanding leadership through the pandemic, the Committee used its discretion to analyze fiscal 2020 achievement on a trailing twelve-month basis through the end of Q3 and pay at the full maximum amount of 150%
Jones Lang LaSalle Incorporated $8,900 Public: S&P 400 Real Estate Executives: Reduced CEO Base Salary Effective as of April 1, 2020, the CEO and the Global Executive Board agreed by irrevocable waiver to forego receipt of 50% of the annual base salary that would otherwise be payable to him or her during the remainder of 2020
Jones Lang LaSalle Incorporated $8,900 Public: S&P 400 Real Estate Executives: Reduced Other Executive Base Salary Effective as of April 1, 2020, the CEO and the Global Executive Board agreed by irrevocable waiver to forego receipt of 50% of the annual base salary that would otherwise be payable to him or her during the remainder of 2020
Jones Lang LaSalle Incorporated $8,900 Public: S&P 400 Real Estate Board of Directors: Reduced Pay Effective as of the quarterly payment made April 1, 2020, each member of the Board has agreed by irrevocable waiver to forego receipt of 50% of the cash retainer fees payable to her or him during the remainder of 2020
Jones Lang LaSalle Incorporated $8,900 Public: S&P 400 Real Estate Suspended 401(k) Match Based on the impact from the COVID-19 pandemic, employer contributions to the Company’s 401(k) plan were suspended between May and December 2020
Jones Lang LaSalle Incorporated $8,900 Public: S&P 400 Real Estate Furlough of Employees Implemented temporary furlough program
Service Properties Trust $1,576 Public: S&P 400 Real Estate Reduced Workforce Staffing reductions and furloughs
Service Properties Trust $1,576 Public: S&P 400 Real Estate Furlough of Employees Staffing reductions and furloughs
Service Properties Trust $1,576 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments Company has reduced first quarter dividend payments from $0.54 per share to $0.01 per share
Park Hotels & Resorts Inc. $1,509 Public: S&P 400 Real Estate Executives: Granted Discretionary Award On November 7, 2020, the Company awarded special one-time PSUs to the Company’s executive officers and certain other executives. The purpose of the PSU Awards is to retain the award recipients and incentivize the award recipients to continue efforts to improve the company’s performance to pre-COVID-19 levels. The Committee believed that conditioning vesting of the PSU Awards on increasing the Company’s stock price over a four-year period properly aligns management with the long-term objectives of stock holders. Target awards vary between $2.2M and $11.2M
Park Hotels & Resorts Inc. $1,509 Public: S&P 400 Real Estate Executives: Reduced CEO Base Salary A voluntary salary waiver of 100% to fund $500,000 of this corporate-level fund
Park Hotels & Resorts Inc. $1,509 Public: S&P 400 Real Estate Furlough of Employees Implemented employee furloughs
Park Hotels & Resorts Inc. $1,509 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments After paying out its dividend on April 15, 2020, the company expects to suspend its dividend for the remainder of the year
Camden Property Trust $1,066 Public: S&P 400 Real Estate Executives: Reduced CEO Incentive Compensation Reduced incentive compensation for CEO by $500,000
Camden Property Trust $1,066 Public: S&P 400 Real Estate Executives: Reduced Executive Chairman Pay Reduced incentive compensation for Executive Vice Chairman by $500,000
Camden Property Trust $1,066 Public: S&P 400 Real Estate Expanded Benefits Programs The Company established an Employee Relief Fund to help employees impacted by COVID-19
Brixmor Property Group Inc. $1,053 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments Board of Directors has temporarily suspended its quarterly cash dividend
Omega Healthcare Investors, Inc. $892 Public: S&P 400 Real Estate Suspended Buyback Program Company has suspended its dividend reinvestment and common stock purchase plans.
Douglas Emmett, Inc. $888 Public: S&P 400 Real Estate Executives: Reduced CEO Base Salary Reduced CEO salary by 20%
Douglas Emmett, Inc. $888 Public: S&P 400 Real Estate Executives: Reduced Other Executive Base Salary Reduced COO salary by 20%
American Campus Communities, Inc. $871 Public: S&P 400 Real Estate Delay of Annual Meeting Delayed annual meeting from April 29 to June 1 on April 8
The Macerich Company $759 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments Company has reduced its quarterly dividend payment from $0.75 per share to $0.10 per share
Sabra Health Care REIT, Inc. $601 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments Company has reduced its quarterly dividend payment from $0.45 per share to $0.30 per share
Spirit Realty Capital, Inc. $483 Public: S&P 400 Real Estate Expanded Benefits Programs In 2020, the Company instituted a special COVID-19 pandemic leave policy for illness or caretaking
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Executives: Reduced CEO Base Salary CEO salary reduced 100% for remainder of 2020
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Executives: Reduced CEO Incentive Compensation All three executive officers agreed to forfeit 100% eligible cash bonuses for 2020 in lieu of shares and to forfeit all of the long-term share retention awards that were recently approved by the Board in February 2020
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Executives: Reduced Other Executive Base Salary CFO and CIO salaries reduced by 30% for remainder of the year
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Executives: Reduced Other Executive Incentive In addition, all three executive officers have agreed to forfeit 100% of eligible cash bonuses for 2020 in lieu of shares and to forfeit all of the long-term share retention awards that were recently approved by the Board in February 2020
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Board of Directors: Reduced Pay Compensation reduced 30% for 2020
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Non-Executives: Reduced Pay Corporate-wide employee salary reductions, forfeiture of cash bonuses in lieu of shares and forfeitures of restricted stock awards
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Furlough of Employees Furlough of more than 8,000 hotel employees during the temporary closure period
Pebblebrook Hotel Trust $443 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments Originally reduced regular quarterly common dividend to $0.01 on March 13 and subsequently suspended regular quarterly common dividend for Q1
EPR Properties $415 Public: S&P 400 Real Estate Annual Incentive Plan Changes Revised current, in-process incentive plan – On November 23, 2020, the Company revised the performance metrics for the 2020 annual incentive program. The Committee eliminated the funds from operations, as adjusted and investment spending metrics, modified the personal performance metric, and adopted two new metrics. Under the revised metrics, the NEOs will continue to have a personal performance factor weighted at 20% but each executive’s goals and objectives have been revised to reflect the Company’s response to the pandemic. The two new metrics, cash collections and liquidity, will be equally weighted at 40%. The minimum, target and maximum stated bonus opportunities for executives have been reduced by 25%, resulting in target performance earning a payout of 75% of each NEO’s target opportunity under the 2020 annual incentive program as originally adopted in February 2020. The Committee will not have discretion to adjust any award upward, but will have the discretion to adjust an indicated award downward
EPR Properties $415 Public: S&P 400 Real Estate Suspended Buyback Program Suspended its share repurchase activities in May
EPR Properties $415 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments The company is temporarily suspending its monthly cash dividend to common shareholders subsequent to the common share dividend previously declared and payable on May 15
Urban Edge Properties $330 Public: S&P 400 Real Estate Suspended or Reduced Dividend Payments The Company suspended quarterly dividends for the second and third quarters of 2020
AutoNation, Inc. $20,390 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary Compensation adjustments include 50% salary reduction for CEO
AutoNation, Inc. $20,390 Public: S&P 400 Retailing Executives: Reduced Executive Chairman Pay 50% salary reductions for our Executive Chairman
AutoNation, Inc. $20,390 Public: S&P 400 Retailing Executives: Reduced Other Executive Base Salary 35% salary reduction for EVPs and 30% salary reduction for SVPs
AutoNation, Inc. $20,390 Public: S&P 400 Retailing Board of Directors: Reduced Pay Our Board of Directors will also temporarily waive 100% of retainer fee
AutoNation, Inc. $20,390 Public: S&P 400 Retailing Non-Executives: Reduced Pay Compensation adjustments include 20% for our remaining corporate and region staff
AutoNation, Inc. $20,390 Public: S&P 400 Retailing Suspended 401(k) Match Effective April 2020, the Company suspended matching contributions to the 401(k) plan in light of the uncertain economic conditions resulting from the COVID-19 pandemic, and reinstated contributions in January 2021
AutoNation, Inc. $20,390 Public: S&P 400 Retailing Furlough of Employees We have placed approximately 7,000 employees on unpaid leave
Kohl’s Corporation $19,974 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for duration of crisis
Kohl’s Corporation $19,974 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Provided two calendar weeks of pay to all store and store distribution center associates during initial store closures
Kohl’s Corporation $19,974 Public: S&P 400 Retailing Reduced Workforce On September 15, 2020, the Company reduced corporate positions by approximately 15%
Kohl’s Corporation $19,974 Public: S&P 400 Retailing Furlough of Employees Furloughed store and store distribution center associates, as well as some corporate office associates whose work has been significantly reduced by the store closures, after initial two week store closures. Company will continue to provide existing health benefits to furloughed associates at this time
Kohl’s Corporation $19,974 Public: S&P 400 Retailing Suspended Buyback Program Suspended share repurchases temporarily
Kohl’s Corporation $19,974 Public: S&P 400 Retailing Suspended or Reduced Dividend Payments Suspended the company’s regular cash dividend, beginning in the second quarter of fiscal 2020. The Company plans to reinstate dividend payments in the first half of 2021
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Long-Term Incentive Plan Changes Revised go forward incentive plan – On August 18, 2020, the Committee cancelled the award of PSUs made on February 26, 2020 and determined not to revise the goals for the 2020 PSUs and instead determined to award stock option grants to each of the NEOs, effective August 27, 2020. Vesting of these option grants will occur in full on September 10, 2022
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary CEOs will forgo 100% of salary from April through September
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Executives: Reduced Other Executive Base Salary Executive Leadership Group will forgo a part of their salary from April through September
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Board of Directors: Reduced Pay Cash compensation reduced 100% for six months
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Paying and providing benefits to store employees since March 17, and will continue to pay employees through April 5 and provide benefits through April
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Furlough of Employees Furloughing a portion of its corporate staff for six weeks beginning April 5. Will continue benefits through the end of May for all workers affected by the store closures
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Suspended Buyback Program Suspended share repurchases
Nordstrom, Inc. $15,524 Public: S&P 400 Retailing Suspended or Reduced Dividend Payments Suspended quarterly dividend starting in Q2 2020
Lithia Motors, Inc. $13,124 Public: S&P 400 Retailing Furlough of Employees We have adjusted staffing headcount by 37%, mainly as furloughs
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary Effective March 29, CEO will forgo 100% of salary for the year
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Executives: Reduced Other Executive Base Salary Effective March 29, President will not receive a salary for the year. CFO will have a salary reduction of 50% for the year
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Board of Directors: Reduced Pay Retainer fees temporarily reduced 100%
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Non-Executives: Reduced Pay The company’s senior management team and other salaried employees had salary reductions by “graduated amounts”
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity All employees would receive full pay and benefits during the two week store closure period
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Furlough of Employees Furloughing a significant number of the workforce at its stores, distribution centers, and corporate headquarters effective April 12, 2020
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Suspended Buyback Program Temporarily suspending its share repurchases
DICK’S Sporting Goods, Inc. $8,751 Public: S&P 400 Retailing Suspended or Reduced Dividend Payments Temporarily suspended dividend payments
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – Due to the financial impact of COVID-19, all payments under our Annual Incentive Plan earned in respect of 2019 performance, typically paid in early 2020, have been delayed until a later to-be-determined date in 2020
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary CEO salary reduction of 40% effective May 3, 2020; Restored base salaries of executives and other employees effective September 1, 2020
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Executives: Reduced Other Executive Base Salary EVP and SVP salaries reduced 20%
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Board of Directors: Reduced Pay Effective May 3, suspended 100% of cash elements of their director compensation until further notice
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Non-Executives: Reduced Pay Corporate VPs and General Manager-level roles salary reduction of 10%
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Will continue to pay store associates during March 17 through March 31 store closure
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Furlough of Employees Implementing an employee furlough program, effective April 26th. Employees subject to the furlough program will also continue to receive their currently-enrolled health and other benefits
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Suspended Buyback Program The Company suspended its share repurchase activities in April. Effective September 1, 2020, the Company reinstated its share repurchase program
Foot Locker, Inc. $8,005 Public: S&P 400 Retailing Suspended or Reduced Dividend Payments The Company suspended dividend payments in the first and second quarters of FY2020 and reinstated the quarterly dividend program on August 20, 2020
Williams-Sonoma, Inc. $5,898 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Closed all retail stores in North America until April 2, and will pay retail associates as scheduled during this two-week period.
American Eagle Outfitters, Inc. $4,308 Public: S&P 400 Retailing Non-Executives: Suspended Raises and/or Bonuses Reducing operating expenses, including suspending merit increases for associates
American Eagle Outfitters, Inc. $4,308 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Store associates will receive pay for scheduled shifts during March 17 to March 27 closure
American Eagle Outfitters, Inc. $4,308 Public: S&P 400 Retailing Furlough of Employees Temporary furloughs of store, field and corporate associates beginning April 5, largely reflecting the continued uncertainty around the duration of store closures. On December 3, 2020, the Company announced that almost all stores had re-opened as of October 31, 2020
American Eagle Outfitters, Inc. $4,308 Public: S&P 400 Retailing Suspended Buyback Program On April 6, 2020, the Company announced it suspended its share repurchase program and deferred payment of the first quarter cash dividend. On December 3, 2020, the Company announced it would pay the deferred dividend to shareholders on December 16 2020
American Eagle Outfitters, Inc. $4,308 Public: S&P 400 Retailing Suspended or Reduced Dividend Payments On April 6, 2020, the Company deferred payment of the first quarter cash dividend. On December 3, 2020, the Company announced it would pay the deferred dividend to shareholders on December 16 2020
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary Salary reduced 20% for 60 days
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Executives: Reduced Other Executive Base Salary Reduced senior leadership compensation 20% through September 2020
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Board of Directors: Reduced Pay Eliminate Directors’ cash compensation 100%. On December 10, 2020, the Company announced that Directors’ cash compensation had been reinstated
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Non-Executives: Suspended Raises and/or Bonuses Eliminated bonuses for FY’21 and delayed all merit raises
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Stores will not reopen until at least March 28. We will continue to pay our store teams during this time
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Furlough of Employees Furloughed a substantial number of store, wholesale and home office employees for 60 days beginning April 1. Impacted employees will continue to receive enrolled benefits during the furlough period
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Suspended Buyback Program Suspend stock buybacks for the foreseeable future
Urban Outfitters, Inc. $3,984 Public: S&P 400 Retailing Executives: Suspended Raises and/or Bonuses Eliminated bonuses for FY’21 and delayed all merit raises
RH $2,647 Public: S&P 400 Retailing Annual Incentive Plan Changes The compensation committee, after discussion with management of the Company, determined to delay 100% of the payment of the fiscal 2019 bonus earned under the LIP until July 2020 in connection with a range of compensation decisions made in light of the ongoing uncertainty stemming from the COVID-19 health crisis
RH $2,647 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary CEO will forgo 100% of salary until business conditions stabilize
RH $2,647 Public: S&P 400 Retailing Executives: Reduced Other Executive Base Salary The Executive Leadership Team has chosen to forgo 100% of our salaries until business stabilizes
RH $2,647 Public: S&P 400 Retailing Non-Executives: Reduced Pay Implementing temporary salary reductions for leaders across the Company ranging from 10% for Leaders and salaried Team Members, 20% for Directors, 30% for Vice Presidents, and 40% for Senior Vice Presidents and Chief titles
RH $2,647 Public: S&P 400 Retailing Non-Executives: Suspended Raises and/or Bonuses The compensation committee, after discussion with management of the Company, determined to delay the payment of the fiscal 2019 bonus earned under the LIP until July 2020 in connection with a range of compensation decisions made in light of the ongoing uncertainty stemming from the COVID-19 health crisis
RH $2,647 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Employee salary was guaranteed during March 18th through March 27th closure. Guaranteed pay continuity was extended through April 3.
RH $2,647 Public: S&P 400 Retailing Reduced Workforce Temporarily furlough approximately 2,300 team members, and permanently reduce our workforce by 440 team members
RH $2,647 Public: S&P 400 Retailing Furlough of Employees Temporarily furlough approximately 2,300 team members, and permanently reduce our workforce by 440 team members
Five Below, Inc. $1,847 Public: S&P 400 Retailing Executives: Reduced CEO Base Salary A voluntary temporary base salary reduction of 50% for CEO
Five Below, Inc. $1,847 Public: S&P 400 Retailing Executives: Reduced Other Executive Base Salary A 25% base salary reduction for the remainder of the executive leadership team
Five Below, Inc. $1,847 Public: S&P 400 Retailing Board of Directors: Reduced Pay The Board of Directors elected to forgo 100% of its quarterly cash retainers for the first quarter of 2020
Five Below, Inc. $1,847 Public: S&P 400 Retailing Non-Executives: Reduced Pay A temporary pay reduction for all salaried corporate associates and certain field and supply chain leadership, effective May 3, 2020
Five Below, Inc. $1,847 Public: S&P 400 Retailing Non-Executives: Suspended Raises and/or Bonuses Delayed annual salary increases for corporate associates
Five Below, Inc. $1,847 Public: S&P 400 Retailing Non-Executives: Guaranteed Pay Continuity Paying associates through March 16th to March 31st closure period
Five Below, Inc. $1,847 Public: S&P 400 Retailing Furlough of Employees A majority of the store and distribution center associates were furloughed in connection with the extended closures
Ollie’s Bargain Outlet Holdings, Inc. $1,408 Public: S&P 400 Retailing Non-Executives: One-Time Bonus Paid Team Leaders their earned 2019 fiscal year bonuses early
Ollie’s Bargain Outlet Holdings, Inc. $1,408 Public: S&P 400 Retailing Non-Executives: Additional Payments for On-Site Employees Temporary incentive increases are offered to in-store associates, store leadership, and distribution center associates
SolarEdge Technologies, Inc. $1,459 Public: S&P 400 Semiconductors and Semiconductor Equipment Executives: Suspended Raises and/or Bonuses NEOs waived January 1, 2020 base salary increases and reverted to 2019 base salaries
KBR, Inc. $5,767 Public: S&P 400 Software and Services Executives: Reduced CEO Base Salary Reduced CEO salary by 15% for the second quarter of 2020
KBR, Inc. $5,767 Public: S&P 400 Software and Services Executives: Reduced Other Executive Base Salary Reduced salaries of the leadership team by 10%
KBR, Inc. $5,767 Public: S&P 400 Software and Services Board of Directors: Reduced Pay Reduced cash compensation for directors by 15% for the second quarter of 2020
Alliance Data Systems Corporation $4,521 Public: S&P 400 Software and Services Annual Incentive Plan Changes Considered the strategic direction of new executive leadership in addition to the impact of the COVID-19 pandemic on the Company’s operations and, on August 14, 2020, determined to adopt a new balanced scorecard design for annual performance-based non-equity incentive compensation for all associates whose pay includes this component, including certain named executive officers. These balanced scorecards will be tailored to each line of business and encompass a range of both financial and non-financial metrics attributable to three categories, to include stockholders, customers and employees, with weightings appropriate for each executive officer as applicable
Alliance Data Systems Corporation $4,521 Public: S&P 400 Software and Services Non-Executives: Additional Payments for On-Site Employees Implemented bonus pay for eligible, in-office associates
Alliance Data Systems Corporation $4,521 Public: S&P 400 Software and Services Suspended Buyback Program Suspending our share repurchase program and reducing our dividend payments during this time of uncertainty
Alliance Data Systems Corporation $4,521 Public: S&P 400 Software and Services Expanded Benefits Programs Expanded associate benefits and offered paid leave for associates affected by COVID-19
Alliance Data Systems Corporation $4,521 Public: S&P 400 Software and Services Suspended or Reduced Dividend Payments Suspending our share repurchase program and reducing our dividend payments during this time of uncertainty
Perspecta Inc. $4,504 Public: S&P 400 Software and Services Suspended Buyback Program Suspended share repurchase program for Q2 2020
Maximus, Inc. $3,462 Public: S&P 400 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Capped maximum annual incentive payout at target levels. The Compensation Committee determined to revise the threshold, target, and superior goals for the distributable income metric (70% weighting) using information including results from the first half of the year and projections for second half distributable income, in line with guidance issued publicly with our second quarter earnings. Goals for the other two metrics, revenue and new business awards, were not adjusted. The Company also exercised negative discretion to the annual incentive plan given the ongoing COVID-19 impact
Maximus, Inc. $3,462 Public: S&P 400 Software and Services Suspended Buyback Program Temporarily suspended share repurchases
Maximus, Inc. $3,462 Public: S&P 400 Software and Services Executives: Suspended Raises and/or Bonuses Due to the uncertainty around the COVID-19 pandemic, the Board elected to keep executive officer salaries the same as 2020
CDK Global, Inc. $1,960 Public: S&P 400 Software and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – For fiscal 2020, changed PSU awards to consist of three individual fiscal year performance periods to addresses uncertainty around setting long-term goals; Under this design, only the first year of the PSU is deemed granted as the compensation committee has approved financial measures for only fiscal 2020
CDK Global, Inc. $1,960 Public: S&P 400 Software and Services Executives: Reduced CEO Base Salary CEO elected to forgo 100% of his salary for the fourth quarter
CDK Global, Inc. $1,960 Public: S&P 400 Software and Services Executives: Reduced CEO Incentive Compensation CEO elected to forgo 100% of cash bonus for 2020
Teradata Corporation $1,836 Public: S&P 400 Software and Services Suspended Buyback Program Company has suspended its share buyback program
WEX Inc. $1,560 Public: S&P 400 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Adjusted 2020 goals to focus 40% on capital expenditures, 40% on cost containment, & 20% on health business revenue & profit. Performance will only be measured against goals in the second half of 2020, ignoring first half performance. Reduced maximum payout to 150% from 200%, and positive operating income was established as a threshold goal
WEX Inc. $1,560 Public: S&P 400 Software and Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Effective June 23, shortened the performance period for the Compensation Adjusted Net Income EPS and Compensation Revenue metrics from the three years ending December 31, 2021 to the two years ending December 31, 2020; Added a relative TSR modifier, measured against other companies in the S&P 400 index, that can modify the payout factor derived from the financial results by ±15%. Relative TSR will be measured from June 23, 2020, the date these award revisions were approved, until the end of the original three-year performance period
WEX Inc. $1,560 Public: S&P 400 Software and Services Executives: Granted Discretionary Award One-time business continuity awards to a broad group of employees: 25% in time-vested RSUs and 75% in PSUs based on relative total shareholder return
WEX Inc. $1,560 Public: S&P 400 Software and Services Executives: Reduced CEO Base Salary Reduced compensation 20%
WEX Inc. $1,560 Public: S&P 400 Software and Services Executives: Reduced Other Executive Base Salary Reduced compensation of executive team and Board of Directors by 10% to 20%
WEX Inc. $1,560 Public: S&P 400 Software and Services Board of Directors: Reduced Pay Reduced compensation of executive team and Board of Directors by 10% to 20%
WEX Inc. $1,560 Public: S&P 400 Software and Services Reduced Workforce Laid off 2% of U.S. employees. Laid-off workers will receive severance, job assistance and an additional allowance to cover health care through COBRA for about six months
WEX Inc. $1,560 Public: S&P 400 Software and Services Furlough of Employees Temporarily furloughed 3% of U.S. employees. Those enrolled in company benefit plans will continue to receive medical, dental, vision and life insurance during the time they are on furlough
J2 Global, Inc. $1,490 Public: S&P 400 Software and Services Suspended or Reduced Dividend Payments Suspended dividend program for the foreseeable future
PTC Inc. $1,458 Public: S&P 400 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Measured performance of the Annual Contract Value metric ratably using the five months pre-pandemic and the seven months post-pandemic. For the period from October 1, 2019 through February 29, 2020, the weighted achievement forecast under the Corporate Incentive Plan was 108.4% of target, and for the remainder of the fiscal year, the weighted achievement forecast was 35.0% of target, which resulted in a weighted payout of 65.0%
PTC Inc. $1,458 Public: S&P 400 Software and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – For the FY20 tranche of the FY19 PSUs, exercised discretion in determining attainment of certain FY20 performance-based compensation plans by determining that it was appropriate to deem the FY19 PSUs eligible to vest for FY20 at the threshold attainment level of 50%. For the FY20 tranche of the FY18 PSUs, vested the final tranche of the FY18 PSUs at 58% based on forecast achievement of the New ACV performance metric as of the end of the five-month period in FY20 preceding the COVID-19-pandemic. For the FY21 tranche of the FY19 PSUs, adjusted downward the threshold and target Adjusted Free Cash Flow metrics for FY21 to better align those measures with the company’s plan and reduced the amount that could be earned upon achievement of threshold from 50% to 25% given the lower threshold. In approving these adjustments, the Compensation Committee determined to remove the catch-up provision for these awards given the adjustment to the ARR metrics. Accordingly, the executives forfeited the 40.7% of the PSUs not earned for the FY19 period (achievement for FY19 was 59.3%) and the 50% of the PSUs not earned for FY20. For the FY20 tranche of the FY20 PSUs, measured performance of the Annual Run Rate metric ratably using the five months pre-pandemic and the seven months post-pandemic. For the period from October 1, 2019 through February 29, 2020, forecast achievement of the ARR performance measure under the FY20 PSUs was 150% of target, and for the remainder of the fiscal year, forecast achievement was 0% of target. As a result, 62.5% of the PSUs tied to achievement of ARR in the first year of the performance cycle were earned on a weighted average basis. For the FY21 and FY22 tranches of the FY20 PSUs, adjusted downward the threshold and target ARR metrics for FY21 and FY22 and changed from a compound annual growth rate to an annual growth rate given the uncertainty in forecasting the macroeconomic environment and performance opportunities. In approving these adjustments, the Compensation Committee determined to remove the catch-up provision for these awards given the adjustment to the ARR metrics. Accordingly, the executives forfeited the 37.5% of the unearned ARR PSUs for FY20 and will forfeit unearned PSUs foreach of FY21 and FY22
PTC Inc. $1,458 Public: S&P 400 Software and Services Executives: Granted Discretionary Award Entered into a new, three-year executive agreement with the CEO and canceled the 2018 award. The new performance-based award consists of 400,040 RSUs (the same number as had been issued for the 2018 award) with a grant date value of $32 million. One-third of the RSUs granted are eligible to be earned for each of the FY21, FY22 and FY23 performance periods. The new performance-based award adds an ARR performance measure (weighted at 50%) for each of FY21, FY22 and FY23, aligns the existing Adjusted Free Cash Flow measures (weighted at 50%) for FY21, FY22 and FY23 to the company’s current plan, contains an upside feature capped at 10%, and does not contain the catch-up feature that had been included in the 2018 award; Made a retention RSU grant valued at $1 million to the EVP, Sales in May 2020, which RSUs vest in three-substantially equal installments over three years if he remains with the company
PTC Inc. $1,458 Public: S&P 400 Software and Services Suspended Buyback Program Suspended share repurchase program for 2020
Sabre Corporation $1,334 Public: S&P 400 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Capped annual incentive payouts at 50% of target and delayed payouts until December 2020
Sabre Corporation $1,334 Public: S&P 400 Software and Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Changed strategic initiatives metrics to account for the pandemic; In July 2020, the Company amended outstanding PRSUs with 2020 performance periods to replace financial performance metrics with new metrics and weightings, including expense reduction targets, maintaining capital structure and liquidity through 2020, negotiating a new deal structure for technology infrastructure services that achieves cost savings over the contract term, utilizing a systematic process to review and address customer concession requests, and designing “work from anywhere” employee programs to be implemented in 2021
Sabre Corporation $1,334 Public: S&P 400 Software and Services Executives: Granted Discretionary Award One-time restricted stock unit award to all executive officers for retention purposes
Sabre Corporation $1,334 Public: S&P 400 Software and Services Executives: Reduced CEO Base Salary Temporary 25% reduction for CEO in base compensation
Sabre Corporation $1,334 Public: S&P 400 Software and Services Executives: Reduced Other Executive Base Salary Reduced NEOs salaries by 20% through July 6, 2020
Sabre Corporation $1,334 Public: S&P 400 Software and Services Board of Directors: Reduced Pay Cash retainer reduced
Sabre Corporation $1,334 Public: S&P 400 Software and Services Non-Executives: Reduced Pay Temporary reduction in base compensation pay for its US-based salaried workforce
Sabre Corporation $1,334 Public: S&P 400 Software and Services Suspended 401(k) Match Temporarily suspended 401(k) match program for U.S.-based employees
Sabre Corporation $1,334 Public: S&P 400 Software and Services Furlough of Employees Furloughed roughly one-third of workforce
Sabre Corporation $1,334 Public: S&P 400 Software and Services Suspended Buyback Program Suspended share repurchase program
Sabre Corporation $1,334 Public: S&P 400 Software and Services Suspended or Reduced Dividend Payments Company has suspended its quarterly cash dividend payments
Fair Isaac Corporation $1,295 Public: S&P 400 Software and Services Reduced Workforce Due in past to anticipated post-pandemic workforce patterns, we have permanently closed certain non-core offices, reduced other office space and reduced our global workforce
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for the foreseeable future
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Executives: Reduced CEO Incentive Compensation 2020 cash bonus plans will be replaced with one-time equity awards
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Executives: Reduced Other Executive Incentive 2020 cash bonus plans will be replaced with one-time equity awards
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Non-Executives: Suspended Raises and/or Bonuses Employee cash merit increases and 2020 cash bonus plans will be replaced with one-time equity awards
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Suspended 401(k) Match 401(k) match program will be temporarily suspended for US-based employees. Temporary freeze on company hiring efforts
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Non-Executives: One-Time Bonus Employees that have a base salary equal to or less than $75,000 will receive additional financial support in the form of a one-time bonus of $1,000
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Executives: Suspended Raises and/or Bonuses Employee cash merit increases and 2020 cash bonus plans will be replaced with one-time equity awards
Blackbaud, Inc. $913 Public: S&P 400 Software and Services Suspended or Reduced Dividend Payments Eliminated payment of quarterly cash dividends on common stock
Commvault Systems, Inc. $671 Public: S&P 400 Software and Services Non-Executives: Reduced Pay The Company implemented temporary salary cuts related to COVID-19 during the first half of fiscal year 2021
Manhattan Associates, Inc. $586 Public: S&P 400 Software and Services Executives: Reduced CEO Base Salary Reducing CEO salary by 25%
Manhattan Associates, Inc. $586 Public: S&P 400 Software and Services Executives: Reduced Other Executive Base Salary Reducing CFO salary by 15% and other NEOs by 10%
Manhattan Associates, Inc. $586 Public: S&P 400 Software and Services Board of Directors: Reduced Pay Compensation reduced 25%
Manhattan Associates, Inc. $586 Public: S&P 400 Software and Services Suspended Buyback Program Suspending share repurchase program
Paylocity Holding Corporation $561 Public: S&P 400 Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – The Committee, in its discretion, approved a payout to each of the Company’s named executive officers at 75% of the target cash bonus opportunity for fiscal 2020 after taking into consideration performance for the first nine months of fiscal 2020 was on track to achieve the maximum level for total revenue and exceed the target level for adjusted EBITDA, but was offset by the below-target performance during the final three months of fiscal 2020, such that the Company’s performance for the full fiscal year 2020 fell below the target level
Paylocity Holding Corporation $561 Public: S&P 400 Software and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – Modified performance goals for the fiscal 2020 PSU awards that will vest in 2022. Implement a new design for MSUs granted in fiscal 2021 that is tied to relative TSR as compared to the Russell 3000
Paylocity Holding Corporation $561 Public: S&P 400 Software and Services Executives: Suspended Raises and/or Bonuses For fiscal 2021, the Committee determined not to increase base salary and maintained the same base salary of each of our NEOs in light of the anticipated impact of the COVID-19 pandemic
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Board considered the impact of COVID-19 related costs on 2018 PSUs containing EPS performance goals and exercised its discretion to exclude the impact of certain costs associated with the COVID-19 pandemic from the calculation of EPS for outstanding PSUs, resulting in vesting at 108% of target for the period ended August 31, 2020. Had the Board not exercised discretion, vesting would have been 90% of target
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Reduced CEO salary by 25% June 1 until November 30, 2020
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation Cancelled 100% of bonus payments under 2020 short-term incentive plan
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Reduced NEO salaries by 25% June 1 until November 30, 2020
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Other Executive Incentive Cancelled 100% of bonus payments under 2020 short-term incentive plan
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Board of Directors: Reduced Pay Reduced annual cash retainers for directors by 25% June 1 until November 30, 2020
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Reduced Workforce In order to decrease operating expenses, the Company reduced its worldwide workforce and implemented voluntary early retirement programs
Jabil Inc. $27,266 Public: S&P 400 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses The Company announced that it suspended base salary increases for fiscal year 2021
SYNNEX Corporation $24,676 Public: S&P 400 Technology Hardware and Equipment Non-Executives: Additional Payments for On-Site Employees The Company provided a bonus to all frontline associates and contingent workers in the fourth quarter of 2020
SYNNEX Corporation $24,676 Public: S&P 400 Technology Hardware and Equipment Suspended Buyback Program On March 24, 2020, the Company announced the suspension of further share repurchases
SYNNEX Corporation $24,676 Public: S&P 400 Technology Hardware and Equipment Expanded Benefits Programs In response to the COVID-19 pandemic, the Company established a COVID-19 Relief Fund to assist associates, waived associate cost-sharing for COVID-19 testing and treatment for certain health plan members in the US, and provided a COVID-19 allowance to all frontline associates and contingent workers and bonus to all frontline associates and contingent workers in the fourth quarter of 2020
SYNNEX Corporation $24,676 Public: S&P 400 Technology Hardware and Equipment Suspended or Reduced Dividend Payments Company has suspended its quarterly cash dividend
Avnet, Inc. $17,634 Public: S&P 400 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – Based on the impact of COVID-19, the difficult working environment and individual contributions by the NEOs relative to their peers applied a discretionary modifier of +10% to the interim CEO and CFO’s payouts, but did not modify the payouts for the other NEOs. The resulting payout for the fiscal 2020 annual cash incentive awards was 59.89% of target for the interim CEO and CFO and 49.89% of target for the other NEOs
Avnet, Inc. $17,634 Public: S&P 400 Technology Hardware and Equipment Suspended Buyback Program Temporarily suspended share repurchases
NCR Corporation $6,207 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Salary reduced 100% for 2020
NCR Corporation $6,207 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Executive Chairman Pay Executive Chairman salary reduced 100% for 2020
NCR Corporation $6,207 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary COO and EVP salaries reduced 50% for 2020. Remaining senior leadership team salaries reduced 20% for 2020
NCR Corporation $6,207 Public: S&P 400 Technology Hardware and Equipment Non-Executives: Reduced Pay Salaries of certain salaried employees and all members of the senior leadership team reduced by graduated amounts of 5% to 20% for 2020
NCR Corporation $6,207 Public: S&P 400 Technology Hardware and Equipment Suspended Buyback Program Company suspended its share repurchase program
Ciena Corporation $3,532 Public: S&P 400 Technology Hardware and Equipment Suspended Buyback Program In June, 2020, the Company temporarily suspended share repurchases. The Company will reinstate its share repurchase plan in the first quarter of 2021
Ciena Corporation $3,532 Public: S&P 400 Technology Hardware and Equipment Expanded Benefits Programs In 2020, the Company enhanced by three times its corporate charitable matching program for employee donations and volunteering
Ciena Corporation $3,532 Public: S&P 400 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses In light of the COVID-19 pandemic and ongoing macro and industry conditions, the Company determined not to increase any element of compensation for the NEOs for fiscal 2021
II-VI Incorporated $2,380 Public: S&P 400 Technology Hardware and Equipment Long-Term Incentive Plan Changes Revised go forward incentive plan – For fiscal 2021, the Committee simplified the equity award mix, maintaining PSUs at 40% of the total target award and increasing the RSU portion from 30% to 60% of the total target award. Stock options, which previously represented 30% of the total target award, were not granted
Viasat, Inc. $2,309 Public: S&P 400 Technology Hardware and Equipment Annual Incentive Plan Changes Capped CEO & President 2020 annual incentive payouts at 2019 payouts
Viasat, Inc. $2,309 Public: S&P 400 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses Delaying increases of 2021 salaries for executive officers
Belden Inc. $1,863 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Reduced CEO salary by 50% until the end of the year
Belden Inc. $1,863 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Executive Chairman Pay Reduced Executive Chairman salary by 50% until the end of the year
Belden Inc. $1,863 Public: S&P 400 Technology Hardware and Equipment Expanded Benefits Programs In 2020, the Company introduced a voluntary flex-time program that enables most employees outside of direct production to take time off to deal with personal and family matters, resulting from the COVID-19 pandemic or otherwise, and receive 25% of their pay during such period
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – The Company cancelled the 2020 Annual Incentive Plan
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Executives: Granted Discretionary Award To recognize the efforts of associates throughout the pandemic and to compensate for the cancellation of the 2020 Annual Incentive Plan, the Company approved a discretionary bonus to the NEOs in the amount of 25% of each NEO’s original 2020 bonus target
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Reduced salary of CEO
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation Suspended 100% of 2020 annual cash incentive program
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Reduced salaries of executive leadership team
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Other Executive Incentive Suspended 100% of 2020 annual cash incentive program
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Board of Directors: Reduced Pay Reduced cash compensation for directors
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Non-Executives: Suspended Raises and/or Bonuses Suspended 2020 annual cash incentive program and wage increases
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Suspended Buyback Program Temporarily suspended share repurchases
Littelfuse, Inc. $1,446 Public: S&P 400 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses Suspended wage increases
National Instruments Corporation $1,287 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Temporarily reduced executive pay
National Instruments Corporation $1,287 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Temporarily reduced executive pay
National Instruments Corporation $1,287 Public: S&P 400 Technology Hardware and Equipment Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based increases until 2021
National Instruments Corporation $1,287 Public: S&P 400 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses Suspended merit-based increases until 2021
Coherent, Inc. $1,229 Public: S&P 400 Technology Hardware and Equipment Executives: Granted Discretionary Award During the third quarter ending July 4, 2020, the Company issued PSUs to certain employees with vesting based on goals related to free cash flow target amounts. The awards were granted as a performance incentive in recognition of the impact of COVID-19
NetScout Systems, Inc. $892 Public: S&P 400 Technology Hardware and Equipment Suspended Buyback Program Suspended share repurchase program
Cognex Corporation $811 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced CEO Base Salary The Company’s commitment to reducing costs during this period of uncertainty created by the COVID-19 pandemic, President and Chief Executive Officer will be taking a temporary reduction in base salary through December 31, 2020; Specifically, he will forgo 100% of salary but that portion of base salary necessary to fund contributions to continue to participate in the Company’s health benefits plan and 401(k) retirement plan
Cognex Corporation $811 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Executive Chairman Pay The Company’s commitment to reducing costs during this period of uncertainty created by the COVID-19 pandemic, Chairman of the Board and Chief Culture Officer will be taking a temporary reduction in base salary through December 31, 2020. Specifically, he will forgo 100% of salary but that portion of base salary necessary to fund contributions to continue to participate in the Company’s health benefits plan and 401(k) retirement plan
Cognex Corporation $811 Public: S&P 400 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Director and SVP will forgo approximately 50% of his base salary through December 31, 2020In addition, the base salary of each of SVP and CFO, and SVP of Employee Services, will be temporarily reduced by 20% until September 28, 2020; Executives may utilize paid time off to reduce the effects of this reduction
Cognex Corporation $811 Public: S&P 400 Technology Hardware and Equipment Board of Directors: Reduced Pay Each independent member of the Company’s Board of Directors will temporarily forego 100% of cash compensation through December 31, 2020, including meeting fees and committee chair fees
XPO Logistics, Inc. $16,252 Public: S&P 400 Transportation Non-Executives: One-Time Bonus Salaried employees will receive weekly lump-sum payments ranging from $100 to $250, depending on position in distribution centers. Field employees working in our service centers within our LTL business unit will instead receive a one-time bonus of $500 for all full-time employees, and $250 for all part-time employees
XPO Logistics, Inc. $16,252 Public: S&P 400 Transportation Non-Executives: Additional Payments for On-Site Employees Hourly employees in distribution centers will receive $2 per hour on top of their regular hourly rate for all hours worked during the week
XPO Logistics, Inc. $16,252 Public: S&P 400 Transportation Reduced Workforce Implemented a combination of lay offs and furloughs for workforce
XPO Logistics, Inc. $16,252 Public: S&P 400 Transportation Furlough of Employees Implemented a combination of lay offs and furloughs for workforce
XPO Logistics, Inc. $16,252 Public: S&P 400 Transportation Expanded Benefits Programs PTO policy has been expanded to allow up to 100 hours of negative PTO, or short- or long-term disability
Ryder System, Inc. $8,420 Public: S&P 400 Transportation Non-Executives: Additional Payments for On-Site Employees In the fourth quarter of 2020, the Company paid a one-time, special recognition and retention bonus to front-line non-incentive compensation plan eligible employees in recognition of work performed during the pandemic
Ryder System, Inc. $8,420 Public: S&P 400 Transportation Reduced Workforce In July, many furloughed employees were laid off
Ryder System, Inc. $8,420 Public: S&P 400 Transportation Furlough of Employees In April, implemented employee furlough program
Ryder System, Inc. $8,420 Public: S&P 400 Transportation Suspended Buyback Program In the second quarter of 2020, the Company temporarily suspended share repurchases due to COVID-19 and resumed share repurchases in the fourth quarter of 2020
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Executives: Reduced CEO Base Salary Reduced salaries of employees on the Vice President-level and above
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Executives: Reduced Other Executive Base Salary Reduced salaries of employees on the Vice President-level and above
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based increases
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Suspended 401(k) Match Suspended 401(k) match for highly compensated employees
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Reduced Workforce Reduced and furloughed roughly 70% of global workforce
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Furlough of Employees Reduced and furloughed employees
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Expanded Benefits Programs The Company offers an enhanced sick leave policy and COVID-19 testing free of charge
Avis Budget Group, Inc. $5,402 Public: S&P 400 Transportation Executives: Suspended Raises and/or Bonuses Suspended merit-based increases
Knight-Swift Transportation Holdings Inc. $4,674 Public: S&P 400 Transportation Executives: Reduced CEO Base Salary CEO has reduced salary by 20% until July 10, 2020
Knight-Swift Transportation Holdings Inc. $4,674 Public: S&P 400 Transportation Executives: Reduced Other Executive Base Salary CFO has reduced salary by 20% until July 10, 2020
Knight-Swift Transportation Holdings Inc. $4,674 Public: S&P 400 Transportation Board of Directors: Reduced Pay Chairman and Vice Chairman have reduced their cash fees by 20% April 13 until July 10, 2020
Knight-Swift Transportation Holdings Inc. $4,674 Public: S&P 400 Transportation Non-Executives: Additional Payments for On-Site Employees Company is offering the opportunity to bonuses of up to $1,000 per month for drivers
JetBlue Airways Corporation $2,957 Public: S&P 400 Transportation Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In light of the global disruption due to Covid-19, and the impact to JetBlue, the Compensation Committee deferred the certification of the 2017-2019 performance results in March
JetBlue Airways Corporation $2,957 Public: S&P 400 Transportation Executives: Reduced CEO Base Salary CEO salary reduced 50%
JetBlue Airways Corporation $2,957 Public: S&P 400 Transportation Executives: Reduced Other Executive Base Salary COO and all staff at the VP level and above are taking cuts
JetBlue Airways Corporation $2,957 Public: S&P 400 Transportation Board of Directors: Reduced Pay In March 2020, the Board of Directors agreed to forego 100% of its cash compensation for the first quarter of 2020
JetBlue Airways Corporation $2,957 Public: S&P 400 Transportation Furlough of Employees Thousands of employees will be expected to take 24 days of unpaid leave from now until September 30
JetBlue Airways Corporation $2,957 Public: S&P 400 Transportation Suspended Buyback Program Ceased share repurchases until further notice
Werner Enterprises, Inc. $2,372 Public: S&P 400 Transportation Executives: Reduced CEO Base Salary CEO salary reduced by 25% until July 2, 2020
Werner Enterprises, Inc. $2,372 Public: S&P 400 Transportation Executives: Reduced Executive Chairman Pay Executive Chairman salary reduced by $250,000 for the remainder of 2020
Werner Enterprises, Inc. $2,372 Public: S&P 400 Transportation Executives: Reduced Other Executive Base Salary Executives have reduced their salaries by 15% and VPs have reduced their salaries by 10% until July 2
Werner Enterprises, Inc. $2,372 Public: S&P 400 Transportation Furlough of Employees Implemented employee furlough program
Werner Enterprises, Inc. $2,372 Public: S&P 400 Transportation Suspended Buyback Program Temporarily suspended share repurchases
Kirby Corporation $2,171 Public: S&P 400 Transportation Reduced Workforce Workforce reductions
Kirby Corporation $2,171 Public: S&P 400 Transportation Furlough of Employees Furloughs
New Jersey Resources Corporation $1,954 Public: S&P 400 Utilities Annual Incentive Plan Changes Revised current, in-process incentive plan – In 2020, the Company modified the original target number of employee volunteer hours, a metric in the Company’s annual incentive program, due to a lack of volunteer opportunities during the pandemic. The Board approved the adjustment but measured performance at target since the Company was on track to exceed the original goal as of March 2020
American Axle & Manufacturing Holdings, Inc. $4,711 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Salary reduced 30% for duration of crisis
American Axle & Manufacturing Holdings, Inc. $4,711 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary NEO salaries reduced 30% for duration of crisis
American Axle & Manufacturing Holdings, Inc. $4,711 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay Annual cash retainer reduced 40% for the remainder of fiscal 2020
American Axle & Manufacturing Holdings, Inc. $4,711 Public: S&P 600 Automobiles and Components Non-Executives: Reduced Pay Salary reductions for salaried associates for duration of crisis
LCI Industries $2,796 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary CEO reduced salary 25%. Restored CEO salary to pre-pandemic levels on June 1 after 2-month salary cut
LCI Industries $2,796 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary SVP Operations reduced salary 25% and rest of executive leadership team across company will reduce their salary
LCI Industries $2,796 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay Directors will reduce their quarterly retainer by 25%
LCI Industries $2,796 Public: S&P 600 Automobiles and Components Non-Executives: Suspended Raises and/or Bonuses Postponing merit increases for salaried employees until the end of the fiscal year
LCI Industries $2,796 Public: S&P 600 Automobiles and Components Furlough of Employees Temporary furloughs for non-critical team members
LCI Industries $2,796 Public: S&P 600 Automobiles and Components Executives: Suspended Raises and/or Bonuses Postponing merit increases for salaried employees until the end of the fiscal year
Cooper Tire & Rubber Company $2,521 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Reduced salaries for executive leadership
Cooper Tire & Rubber Company $2,521 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary Reduced salaries for executive leadership
Cooper Tire & Rubber Company $2,521 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay Reduced cash retainers for members of our Board of Directors
Cooper Tire & Rubber Company $2,521 Public: S&P 600 Automobiles and Components Non-Executives: Reduced Pay Reduced salaries for executive leadership and the majority of salaried employees
Cooper Tire & Rubber Company $2,521 Public: S&P 600 Automobiles and Components Suspended 401(k) Match Suspended discretionary pension contributions and company contributions to employee 401(k) plans
Cooper Tire & Rubber Company $2,521 Public: S&P 600 Automobiles and Components Furlough of Employees Furloughed a number of hourly and salaried employees
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee waived the obligation to meet the third of the three year (2020) performance criteria set forth in the LTIP awards granted to the executive officers of the Company in 2018 and adjusted the second of the three year (2020) performance criteria set forth in the LTIP award granted to the executive officers in 2019. On May 14, 2020, in order to incentivize and retain the members of its executive management team and certain other team members, the Compensation Committee approved the grant of stock options to its executive officers in consideration of the executive officers’ voluntary reduction in salaries and other initiatives. The Options will vest in three allotments on the first three anniversaries of the Option grant date with thirty-five percent of the Options vesting on each of the first and second anniversaries of the Option grant date and thirty percent of the Options vesting on the third anniversary of the Option grant date
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Wage reductions for the entire Executive Management team
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Incentive Compensation On May 14, 2020, in order to incentivize and retain the members of its executive management team and certain other team members, the Compensation Committee approved the grant of stock options to its executive officers in consideration of the executive officers’ voluntary reduction in salaries and other initiatives. The Options will vest in three allotments on the first three anniversaries of the Option grant date with thirty-five percent of the Options vesting on each of the first and second anniversaries of the Option grant date and thirty percent of the Options vesting on the third anniversary of the Option grant date
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary Wage reductions for the entire Executive Management team
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Incentive On May 14, 2020, in order to incentivize and retain the members of its executive management team and certain other team members, the Compensation Committee approved the grant of stock options to its executive officers in consideration of the executive officers’ voluntary reduction in salaries and other initiatives. The Options will vest in three allotments on the first three anniversaries of the Option grant date with thirty-five percent of the Options vesting on each of the first and second anniversaries of the Option grant date and thirty percent of the Options vesting on the third anniversary of the Option grant date
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay A reduction in quarterly fees paid to our Board of Directors
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Non-Executives: Reduced Pay Wage reductions for other salaried employees across the organization
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Furlough of Employees Furlough of certain team members at operations that have been shut down due to the stay at home orders
Patrick Industries, Inc. $2,487 Public: S&P 600 Automobiles and Components Suspended Buyback Program Paused share repurchases; Resumed share repurchases in third quarter of 2020
Cooper-Standard Holdings Inc. $2,375 Public: S&P 600 Automobiles and Components Annual Incentive Plan Changes Revised current, in-process incentive plan – exercised its discretion under the Company’s Annual Incentive Plan to adjust the annual incentive payout of the Company’s executive officers, including its named executive officers, for the 2020 performance year to reflect the impact of COVID-19 pandemic
Cooper-Standard Holdings Inc. $2,375 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Salary deferrals for salaried employees
Cooper-Standard Holdings Inc. $2,375 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary Salary deferrals for salaried employees
Cooper-Standard Holdings Inc. $2,375 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay Fee deferrals for non-management members of our Board of Directors
Cooper-Standard Holdings Inc. $2,375 Public: S&P 600 Automobiles and Components Non-Executives: Reduced Pay Salary deferrals for salaried employees
Cooper-Standard Holdings Inc. $2,375 Public: S&P 600 Automobiles and Components Reduced Workforce Layoffs and furloughs of manufacturing personnel
Cooper-Standard Holdings Inc. $2,375 Public: S&P 600 Automobiles and Components Furlough of Employees Layoffs and furloughs of manufacturing personnel
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Annual Incentive Plan Changes Revised current, in-process incentive plan – Increased weighting of the individual component of the bonus award for two executives by 20% and 50%, respectively; Adjusted results of the financial performance component of the CEO’s bonus award to 0% from 10%
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Effective from April 1, 2020 through the remainder of Fiscal 2020, CEO salary reduced 25%. These reductions in base salary did not impact the calculation of incentive compensation or equity awards
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Incentive Compensation Reduced CEO’s bonus 100%
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary Effective from April 1, 2020 through the remainder of Fiscal 2020, NEOs salaries reduced 15%. These reductions in base salary did not impact the calculation of incentive compensation or equity awards
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay Effective from April 1, 2020 through the remainder of Fiscal 2020, the annual cash retainer for non-employee directors, including for chair roles, was reduced by 25%. On August 19, 2020, the Committee recommended, and the Board approved, the reinstatement of the annual cash retainer to the pre-COVID-19 levels, effective Fiscal 2021
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Non-Executives: Reduced Pay Pay adjustments
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Reduced Workforce Laid off some employees/ contractor reductions
Winnebago Industries, Inc. $2,356 Public: S&P 600 Automobiles and Components Furlough of Employees Furloughed some employees
Standard Motor Products, Inc. $1,129 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Reduced CEO salary by 25% for the remainder of 2020
Standard Motor Products, Inc. $1,129 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary Reduced top executives’ salaries by 25% for the remainder of 2020
Standard Motor Products, Inc. $1,129 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay Reduced cash compensation for directors by 25% for the remainder of 2020
Standard Motor Products, Inc. $1,129 Public: S&P 600 Automobiles and Components Suspended Buyback Program Announced April 29 the company halted its buyback program
Standard Motor Products, Inc. $1,129 Public: S&P 600 Automobiles and Components Suspended or Reduced Dividend Payments Announced April 29 the suspension of quarterly dividend
Dorman Products, Inc. $1,093 Public: S&P 600 Automobiles and Components Suspended Buyback Program Temporarily suspending its share repurchase program
Gentherm Incorporated $855 Public: S&P 600 Automobiles and Components Annual Incentive Plan Changes Revised current, in-process incentive plan – In recognition of a 0% 2020 bonus payout, implemented a second half 2020 bonus plan based on the Company’s revenue and Adjusted EBITDA performance for the second half of 2020, both equally weighted. The Second Half 2020 Bonus Plan eliminates individual performance modifiers. The Compensation Committee approved performance goals for each of the Performance Metrics relating to threshold, target and maximum earned bonuses that correspond to the budget for the second half of 2020 originally set in February 2020. The Second Half 2020 Bonus Plan performance goals were not modified or reduced for the impact of the COVID-19 pandemic. The Compensation Committee also reduced the threshold, target and maximum payouts under the Second Half 2020 Bonus Plan for NEOs from 50% to 150% of their target bonuses under the 2020 Bonus Plan (30% to 200%, including individual performance modifiers) to 25% to 75% of their target bonuses under the Second Half 2020 Bonus Plan. The Second Half 2020 Bonus Plan balances shareholder interests by reducing payouts commensurate with a half year plan
Gentherm Incorporated $855 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Deferred 40% of salary beginning May 1. The salary deferral program was intended to be effective until December 31, 2020; however, the Company has determined to terminate the salary deferral program as of September 30, 2020. The accumulated deferred base salary will be paid on or before March 15, 2021
Gentherm Incorporated $855 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary Deferred 30% of salary beginning May 1 at the executive level. The salary deferral program was intended to be effective until December 31, 2020; however, the Company has determined to terminate the salary deferral program as of September 30, 2020. The accumulated deferred base salary will be paid on or before March 15, 2021
Gentherm Incorporated $855 Public: S&P 600 Automobiles and Components Board of Directors: Reduced Pay Effective for the compensation paid as of the 2020 annual meeting for service ending as of the 2021 annual meeting of shareholders, the Company will pay all annual cash retainers in the form of restricted stock
Gentherm Incorporated $855 Public: S&P 600 Automobiles and Components Non-Executives: Reduced Pay Deferred 20% of salary beginning May 1 for salaried employees. The salary deferral program was intended to be effective until December 31, 2020; however, the Company has determined to terminate the salary deferral program as of September 30, 2020. The accumulated deferred base salary will be paid on or before March 15, 2021
Gentherm Incorporated $855 Public: S&P 600 Automobiles and Components Suspended Buyback Program Suspended share repurchases
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Executives: Reduced CEO Base Salary Implemented salary reduction of 50% of base pay, until the company believes it is fiscally responsible to reinstate the original base salaries
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Executives: Reduced Other Executive Base Salary Effective May 4, executive committee members have all agreed to take at least a 25% reduction in base salary, until the company believes it is fiscally responsible to reinstate the original base salaries
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Non-Executives: Reduced Pay Implemented salary reductions that affected 175 employees, ranging from 5% – 50% of base pay
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Non-Executives: Suspended Raises and/or Bonuses Implemented a freeze on hiring and salary increases
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Non-Executives: Additional Payments for On-Site Employees Implemented special work bonuses and non-work payments to frontline workers
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Reduced Workforce Implemented furloughs and layoffs
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Furlough of Employees Implemented furloughs and layoffs
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Expanded Benefits Programs Expanded benefits
Motorcar Parts of America, Inc. $536 Public: S&P 600 Automobiles and Components Executives: Suspended Raises and/or Bonuses Implemented a freeze on hiring and salary increases
Hilltop Holdings Inc. $2,018 Public: S&P 600 Banks Suspended Buyback Program The previously authorized stock repurchase program was active through April 2020 when, in light of the uncertain outlook for 2020 due to the COVID-19 pandemic, the Hilltop Board of Directors suspended the stock repurchase program. Based on Hilltop’s expected ability to maintain strong capital and liquidity to meet the needs of its customers and communities during this exceptional period of economic uncertainty, and given that the previously noted stock repurchase program expired in January 2021, the Hilltop Board of Directors authorized, subject to regulatory review, a new stock repurchase program through January 2022
Flagstar Bancorp, Inc. $1,861 Public: S&P 600 Banks Non-Executives: Additional Payments for On-Site Employees Special compensation incentives for on-site teammates
Ameris Bancorp $938 Public: S&P 600 Banks Non-Executives: Additional Payments for On-Site Employees Implemented “thank you” pay for employees who serve functions that cannot be performed remotely
Ameris Bancorp $938 Public: S&P 600 Banks Expanded Benefits Programs Expanded medical benefit plan to include zero cost for telehealth
Simmons First National Corporation $829 Public: S&P 600 Banks Annual Incentive Plan Changes Suspended certain growth oriented incentive plans to focus on stability; Implemented pandemic pay program; exercised discretion in the 2020 annual incentive awards; To determine the final amount of the cash incentive awards, the Committee analyzed the Corporation’s Core EPS and efficiency ratio achieved during the first six months and the last six months of 2020 against performance standards associated with the Corporation’s budget for each period, based on the Committee’s determination that the impact of the Pandemic on the Corporation was strongest during the last six months of 2020
Simmons First National Corporation $829 Public: S&P 600 Banks Other Implemented pandemic pay program
Old National Bancorp $778 Public: S&P 600 Banks Expanded Benefits Programs Enabling many team members to work remotely, granted additional sick time and PTO, expanded paid family and medical leave benefits to those who are “at risk” or have an “at risk” person in their household, expanded program for unforeseen financial needs
First Midwest Bancorp, Inc. $622 Public: S&P 600 Banks Suspended Buyback Program In March, suspended share repurchases. Resumed share repurchase program in February 2021
First Hawaiian, Inc. $611 Public: S&P 600 Banks Suspended Buyback Program Elected to suspend the stock repurchase program
United Community Banks, Inc. $577 Public: S&P 600 Banks Suspended Buyback Program Suspended common stock repurchases
First Financial Bancorp. $575 Public: S&P 600 Banks Suspended Buyback Program Suspended share buybacks on March 13
First Financial Bancorp. $575 Public: S&P 600 Banks Expanded Benefits Programs More than half of their associates are working from home, up to 4 weeks of pandemic pay is available for associates who cannot work on-site or at home, protocols have been implemented for cleaning and distancing at worksites, financial assistance, like payment deferrals, line of credit increases, and access to their experts is available for all, mental wellbeing is being emphasized as they promote their employee assistance program
First BanCorp. $534 Public: S&P 600 Banks Non-Executives: One-Time Bonus Bonuses were paid to branch personnel and other essential employees for working during the pandemic
Banner Corporation $516 Public: S&P 600 Banks Suspended Buyback Program Discontinued additional repurchase of shares until further notice
Banner Corporation $516 Public: S&P 600 Banks Expanded Benefits Programs Implemented measures to support employees working from home, created special program for employees deemed worksite essential with increased pay, providing additional paid time-off for exposure or sickness
Pacific Premier Bancorp, Inc. $454 Public: S&P 600 Banks Non-Executives: One-Time Bonus Special appreciation bonus and increased benefits
Pacific Premier Bancorp, Inc. $454 Public: S&P 600 Banks Non-Executives: Additional Payments for On-Site Employees Branch employees paid full-time for partial days worked; hourly employees awarded 4-hour pay allocation to receive COVID-19 vaccination when available
Pacific Premier Bancorp, Inc. $454 Public: S&P 600 Banks Suspended Buyback Program Company announced that stock repurchases under its current stock repurchase program, authorized by the Board of Directors in December 2019, were suspended indefinitely
Customers Bancorp, Inc. $443 Public: S&P 600 Banks Non-Executives: One-Time Bonus Special pay considerations, bonuses, additional PTO for essential front line team members
Customers Bancorp, Inc. $443 Public: S&P 600 Banks Non-Executives: Additional Payments for On-Site Employees Special pay considerations, bonuses, additional PTO for essential front line team members
Customers Bancorp, Inc. $443 Public: S&P 600 Banks Expanded Benefits Programs Additional PTO for essential front line team members
CVB Financial Corp. $442 Public: S&P 600 Banks Suspended Buyback Program Effective March 31, suspended its 10b5-1 stock repurchase program
Park National Corporation $441 Public: S&P 600 Banks Non-Executives: Guaranteed Pay Continuity During the first 6 months of 2020, continued to pay its associates, even those unable to work due to the pandemic
Park National Corporation $441 Public: S&P 600 Banks Non-Executives: One-Time Bonus Provided special one-time bonuses to certain associates
Park National Corporation $441 Public: S&P 600 Banks Suspended Buyback Program Suspended share repurchases
Park National Corporation $441 Public: S&P 600 Banks Suspended or Reduced Dividend Payments Slightly increased cash dividends from the 2019 rate
Meta Financial Group, Inc. $434 Public: S&P 600 Banks Annual Incentive Plan Changes Revised go forward incentive plan – For FY21, increased the discretionary/strategic weighting to 30% from 20% so we can reward achievement of important strategic objectives and appropriately compensate executives in the midst of the ongoing COVID-19 uncertainty
Meta Financial Group, Inc. $434 Public: S&P 600 Banks Suspended Buyback Program Suspended its share repurchase program; resumed program in September 2020
Meta Financial Group, Inc. $434 Public: S&P 600 Banks Other Intended to adopt the new long-term incentive plan for the CEO and CFO in fiscal year 2020 and extend the plan to other executive officers during fiscal year 2021. Due to the COVID-19 pandemic, we deferred that schedule for one year, and have only adopted the long-term incentive plan for the CEO and CFO for fiscal year 2021
OFG Bancorp $433 Public: S&P 600 Banks Delay of Annual Meeting Delayed annual meeting from April 22 to June 1 on April 16
Independent Bank Corp. $426 Public: S&P 600 Banks Expanded Benefits Programs Expanded sick and vacation time for employees that need to remain in the branch servicing customers, in addition to closing the branch lobbies; All non-branch employees either have the option, or are required to work remotely. There are approximately 80% of our non-branch staff working remotely every day
Provident Financial Services, Inc. $355 Public: S&P 600 Banks Non-Executives: Additional Payments for On-Site Employees Supplemental pay for branch employees
HomeStreet, Inc. $338 Public: S&P 600 Banks Suspended Buyback Program Suspended its share repurchase program
HomeStreet, Inc. $338 Public: S&P 600 Banks Expanded Benefits Programs Additional personal paid time off for front line workers and eliminated out of pocket costs for employee COVID-19 medical care
HomeStreet, Inc. $338 Public: S&P 600 Banks Other Committed to no COVID-19 related layoffs
Eagle Bancorp, Inc. $320 Public: S&P 600 Banks Suspended Buyback Program Suspended share repurchase program
National Bank Holdings Corporation $316 Public: S&P 600 Banks Non-Executives: Additional Payments for On-Site Employees Provided premium pay for banking center and operations teams
National Bank Holdings Corporation $316 Public: S&P 600 Banks Expanded Benefits Programs Providing two weeks paid time off for COVID-19 illness and quarantines; Waiving medical plan cost- sharing and co-pays for COVID- 19 testing and treatment
Berkshire Hills Bancorp, Inc. $307 Public: S&P 600 Banks Other Maintaining full pay for all staff; Supporting remote work from home for 86% of the non-branch workforce
First Commonwealth Financial Corporation $305 Public: S&P 600 Banks Suspended Buyback Program Company suspended share repurchase program
Great Western Bancorp, Inc. $301 Public: S&P 600 Banks Annual Incentive Plan Changes Revised current, in-process incentive plan – In April, the Compensation Committee decided to measure fiscal year 2020 in two halves with a hurdle for the second half of 2020 in which NPA/Capital must meet a minimum of 40% for any incentive to be earned in that half of the year. Metrics to determine annual incentive payout were unchanged from Net Income (40% weighting), Asset Growth (15% weighting), NPA/Capital (30% weighting), and individual performance (15% weighting). 1H 2020 Annual Incentive: The first half of fiscal 2020 achieved 45% of target. 2H 2020 Annual Incentive: The minimum threshold for NPA/Capital was not met resulting in a 0% payment for the second half of the year. Payout for 1H 2020 performance: Based on these results, the Committee awarded a payout of 22.5% (i.e., half of 45% achievement) to the CFO, COO and the CRO and a payout of 0% to the CEO and the Chief Credit Officer (appointed to their respective positions in March and May of 2020, respectively)
Great Western Bancorp, Inc. $301 Public: S&P 600 Banks Suspended Buyback Program In early March 2020, the Company determined to indefinitely suspend additional buybacks
Great Western Bancorp, Inc. $301 Public: S&P 600 Banks Expanded Benefits Programs Supporting employees with paid time off, work from home flexibility, PTO buy-back option available to all employees up to 80 hours of accrued and unused PTO, & volunteer time off. offered PTO buy-back option available to all employees up to 80 hours of accrued and unused PTO. All employees who attended the Bank’s Annual Recognition Event received a $1,000 gift card which was grossed up for tax purposes. Although the event was canceled due to COVID-19, participants were awarded the gift card
Boston Private Financial Holdings, Inc. $295 Public: S&P 600 Banks Non-Executives: Guaranteed Pay Continuity Continuing to pay all benefitted employees per their regular hours
Boston Private Financial Holdings, Inc. $295 Public: S&P 600 Banks Expanded Benefits Programs Relaxing paid time off policies to accommodate employees who become sick or need to provide care for family
Tompkins Financial Corporation $283 Public: S&P 600 Banks Suspended Buyback Program Suspended purchase of shares
Veritex Holdings, Inc. $247 Public: S&P 600 Banks Suspended Buyback Program On March 16, 2020, suspended its stock buyback program; Resume buyback in 4Q21
Brookline Bancorp, Inc. $223 Public: S&P 600 Banks Suspended Buyback Program On March 23, 2020, Brookline Bancorp, Inc. suspended its stock repurchase program, effective as of March 24, 2020
Banc of California, Inc. $214 Public: S&P 600 Banks Suspended Buyback Program Suspended common stock repurchases for the immediate future
S&T Bancorp, Inc. $208 Public: S&P 600 Banks Suspended Buyback Program Suspended repurchase activity
Central Pacific Financial Corp. $203 Public: S&P 600 Banks Suspended Buyback Program Suspended share repurchase program
Heritage Financial Corporation $202 Public: S&P 600 Banks Non-Executives: Additional Payments for On-Site Employees Additional pay for front-line employees
Heritage Financial Corporation $202 Public: S&P 600 Banks Suspended Buyback Program Halted its buybacks
Heritage Financial Corporation $202 Public: S&P 600 Banks Expanded Benefits Programs Revised policies on paid leave
Capitol Federal Financial, Inc. $187 Public: S&P 600 Banks Non-Executives: Suspended Raises and/or Bonuses In fiscal year 2020, in response to the uncertainty about operating results because of COVID-19, there were no merit-based increases in the salaries of the Company’s officers or other employees
Capitol Federal Financial, Inc. $187 Public: S&P 600 Banks Executives: Suspended Raises and/or Bonuses In fiscal year 2020, in response to the uncertainty about operating results because of COVID-19, there were no merit-based increases in the salaries of the Company’s officers or other employees. Each NEO has agreed that if the Company’s officers and employees have not received merit-based increases in their base salaries by the Scheduled Payment Date for the STPP award for fiscal year 2020, he or she will defer receipt of his or her STPP award for fiscal year 2020 until such merit-based increases occur
Hanmi Financial Corporation $178 Public: S&P 600 Banks Suspended Buyback Program Suspended share repurchase program
Northfield Bancorp, Inc. (Staten Island, NY) $129 Public: S&P 600 Banks Suspended Buyback Program Suspended its share repurchase program; reinstated effective October 28, 2020
Veritiv Corporation $6,539 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Temporary salary reduction of 50%
Veritiv Corporation $6,539 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Temporary salary reductions for senior leaders range from 10% to 50%
Veritiv Corporation $6,539 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Cash retainer reduced 50%
Veritiv Corporation $6,539 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Delayed merit increases for salaried employees
Veritiv Corporation $6,539 Public: S&P 600 Capital Goods Furlough of Employees Furloughed 15% of workforce
Veritiv Corporation $6,539 Public: S&P 600 Capital Goods Suspended Buyback Program Suspended share repurchase plan
Veritiv Corporation $6,539 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses Delayed merit increases for salaried employees
UFP Industries, Inc. $5,154 Public: S&P 600 Capital Goods Furlough of Employees Furloughed some employees
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Executives: Granted Discretionary Award As part of such one-time bonus initiative, on December 28, 2020, the Compensation and Human Capital Management Committee determined to make similar year-end bonus payments to executive officers and the Board determined to make comparable restorative payments to Board members, in each case in amounts equal to the amount by which base salary payments or cash retainer payments were reduced in 2020
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Reduced salaries for certain senior executives
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Reduced salaries for certain senior executives
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Eliminated board service fees 100% for the Board of Directors for the first quarter of 2020
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Non-Executives: Reduced Pay Reduced salaries / implemented a furlough program for certain other company employees
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Non-Executives: One-Time Bonus Following a review of the Company’s financial condition and in recognition of the employees’ significant hard work during a challenging year, it was determined that the Company make year-end bonus payments to current employees who were previously impacted by the COVID-19 salary reductions and furloughs, in an amount generally comparable to the amount by which pay was reduced in 2020
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Reduced Workforce Announced 35% reduction in organization
Resideo Technologies, Inc. $4,874 Public: S&P 600 Capital Goods Furlough of Employees Reduced salaries / implemented a furlough program for certain other company employees
Applied Industrial Technologies, Inc. $3,246 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Management temporarily reduced its salaries beginning in mid-April and continuing into fiscal 2021, with the CEO’s salary reduced by 20%
Applied Industrial Technologies, Inc. $3,246 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Management temporarily reduced its salaries beginning in mid-April and continuing into fiscal 2021
Applied Industrial Technologies, Inc. $3,246 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay In April 2020, the Board temporarily reduced the quarterly retainer amounts referenced above by 20%; The temporary reductions have continued into fiscal 2021
Applied Industrial Technologies, Inc. $3,246 Public: S&P 600 Capital Goods Non-Executives: Reduced Pay Pay reductions implemented
Applied Industrial Technologies, Inc. $3,246 Public: S&P 600 Capital Goods Suspended 401(k) Match Suspension of 401(k) matches
Applied Industrial Technologies, Inc. $3,246 Public: S&P 600 Capital Goods Furlough of Employees Implemented temporary furlough program
GMS Inc. $3,241 Public: S&P 600 Capital Goods Suspended 401(k) Match In June 2020, the Company temporarily suspended matching contributions under the 401(k) Plan
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee approved a Special Incentive Plan to better align the compensation of its employees with the strategic goals of the Company for the remainder of fiscal year 2020 given the impacts of the ongoing COVID-19 pandemic. The incentive goals under the Special Incentive Plan are based on performance measures related to improving the Company’s liquidity and reducing costs. These two performance measures are equally weighted for the purposes of potential incentives; The Compensation Committee approved incentive payouts under the SIP of 100%
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On December 1, 2020, adjusted the threshold and certain other payout targets of the 2019-2021 LTI award. The adjustments lowered the threshold payout targets from greater than 10.5% adjusted EBITDA margin and greater than $1.85 of adjusted diluted EPS to greater than 8.0% adjusted EBITDA margin and greater than $0.75 of adjusted diluted EPS, respectively, and lowered the targets for these performance metrics for payouts between threshold and 100% of target, but did not adjust the targets for these performance metrics for payments at or above 100% of target. The impacts of this adjustment on the compensation paid to our Named Executive Officers will be determined at the end of the performance period in September 2021 and reported in the Company’s proxy statement for its 2022 annual meeting of shareholders
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced 60% originally. Announced June 2 that reduction will be 20% in the future after 2-month decrease. Executives & employees may recoup salary lost during 2-month cuts based on the achievement of goals related to improved liquidity & cost savings. (The company announced that executives are unlikely to achieve annual incentive goals because of COVID-19.)
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary NEO and other executive salaries reduced 50% originally. Announced June 2 that reduction will be 15% in the future. Executives & employees may recoup salary lost during 2-month cuts based on the achievement of goals related to improved liquidity & cost savings. (The company announced that executives are unlikely to achieve annual incentive goals because of COVID-19.)
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Retainer fees reduced 60% effective in March. Announced June 2 that the Company would restore retainer fees for board members
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Non-Executives: Reduced Pay Reduction to the base salary for all other salaried employees in the U.S. and Canada by 40% to 50%. Announced June 2 that reductions will now be 10% to 15%. Executives & employees may recoup salary lost during 2-month cuts based on the achievement of goals related to improved liquidity & cost savings. (The company announced that executives are unlikely to achieve annual incentive goals because of COVID-19.)
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Suspended 401(k) Match The Company also suspended certain employer-paid retirement savings plan and pension contributions effective May 1, 2020 through the end of calendar year 2020
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Reduced Workforce Announced it would cut its global salaried workforce by 8% and eliminate certain hourly roles
Meritor, Inc. $3,044 Public: S&P 600 Capital Goods Suspended Buyback Program Temporary suspension of share repurchases under the company’s share repurchase plan
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Exercised discretion to reduce bonus payout from 123% of target to 95% of target; Revised go forward incentive plan – Delayed approval of financial targets under the fiscal year 2021 AIP
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Long-Term Incentive Plan Changes Revised go forward incentive plan – Delayed the granting of awards under for our fiscal year 2021 long-term incentive program
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced 10% starting April 1 during the crisis
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Executives: Reduced CEO Incentive Compensation Exercised discretion to reduce bonus payout from 123% of target to 95% of target
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Senior executives will forgo 10% of base salaries starting April 1, 2020 during the crisis
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Incentive Exercised discretion to reduce bonus payout from 123% of target to 95% of target
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Cash compensation reduced 25% for duration of crisis
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Non-Executives: Reduced Pay Salary reductions range 2.5% to 5.0% for salaried employees
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspend merit pay increases in fiscal year 2021
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Suspended 401(k) Match Suspension of the Company’s 401(k) match for fiscal year 2021
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Reduced Workforce Approximately 250 full-time salaried employee and 250 contractor positions will be eliminated. Severance will be paid to impacted employees consistent with existing policies. These reductions are expected to be completed by May 1, 2020
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Furlough of Employees Will furlough certain salaried employees of two weeks over fiscal 2021 to minimize reductions in force. Base salaries and wages for hourly and most salaried employees will be maintained. Medical benefits will continue during furloughs
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Other On May 28, 2020, authorized and approved an Amended and Restated 2018 Equity Incentive Plan (the “Plan”) to increase the number of shares of common stock available for awards under the Plan up to 2,000,000 shares of common stock. Given the impact the ongoing global COVID-19 crisis has had on the Company’s stock price, at the Annual Meeting, we are seeking stockholder approval to amend the Plan to increase the number of shares of our common stock available for issuance under the Plan by 1,520,000 shares
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses Suspend merit pay increases in fiscal year 2021
Triumph Group, Inc. $2,900 Public: S&P 600 Capital Goods Suspended or Reduced Dividend Payments Suspended dividend program indefinitely on March 19
Moog Inc. $2,885 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Implementing hiring and salary freezes
Moog Inc. $2,885 Public: S&P 600 Capital Goods Reduced Workforce In 2020, we initiated restructuring actions in relation to impacts of the COVID-19 pandemic. The actions have and will result in workforce reductions, primarily in the Philippines, Europe and the U.S.
Moog Inc. $2,885 Public: S&P 600 Capital Goods Suspended Buyback Program Temporarily suspending share buyback activities
Moog Inc. $2,885 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses Implementing hiring and salary freezes
Moog Inc. $2,885 Public: S&P 600 Capital Goods Suspended or Reduced Dividend Payments Announced April 24 it is temporarily suspending dividend payments for the year 2020
Comfort Systems USA, Inc. $2,877 Public: S&P 600 Capital Goods Suspended Buyback Program We have temporarily suspended share repurchases in response to the uncertainty surrounding the current COVID-19 pandemic
The Greenbrier Companies, Inc. $2,792 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced 31% until further notice
The Greenbrier Companies, Inc. $2,792 Public: S&P 600 Capital Goods Executives: Reduced CEO Incentive Compensation Reduced annual incentive by 20%; agreed to receive his annual incentive awards for fiscal 2020 and 2021 in stock instead of cash
The Greenbrier Companies, Inc. $2,792 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Annual compensation of directors reduced by 10% beginning in our fiscal fourth quarter and continuing into fiscal 2021
The Greenbrier Companies, Inc. $2,792 Public: S&P 600 Capital Goods Reduced Workforce Company has eliminated 3,500 jobs, a 20% workforce reduction
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Revised go forward incentive plan – For fiscal 2021, the Compensation Committee has approved a modified STIC program that measures performance based on two consecutive six-month periods during the fiscal year, but that still pays out at the end of the year. The Compensation Committee approved this approach after discussing and considering various factors, including the uncertainty in global markets relating to the COVID-19 pandemic
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced by 30% April until year end
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Directors waived scheduled cash compensation increase for FY20
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Cancelled all merit-based salary increases for US- and Canada-based employees for 2020
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Reduced Workforce Headcount reductions
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Furlough of Employees Employees furlough
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Suspended Buyback Program Maintains suspension of share repurchase program
Hillenbrand, Inc. $2,517 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses Merit-based increases cancelled
AAR Corp. $2,072 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Bifurcated fiscal 2020 into two separate performance periods with one comprised of the first three quarters of Fiscal 2020 and one comprised of the fourth quarter of Fiscal 2020. The Fiscal 2020 full year target for EPS from continuing operations of $2.55 per share was allocated across the two periods based on Company’s planned earnings, resulting in targets of $1.72 per share for the Pre-COVID-19 Period and $0.83 per share for the COVID-19 Period. The working capital turns target for Fiscal 2020 of 3.5 turns remained consistent across the two periods. After the payout was calculated, the Compensation Committee determined to further use its discretion to decrease the bonus payout to 135% from 178% in order to further reflect the negative impact of COVID-19
AAR Corp. $2,072 Public: S&P 600 Capital Goods Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Similar to the approach taken with the short-term incentive plan, bifurcated the original performance period into two separate performance periods with one comprised of the period from June 1, 2017 through February 29, 2020 and one comprised of the fourth quarter of Fiscal 2020. These results, after weighing the periods, resulted in a payout of 189%. However, and similar to its approach to the Fiscal 2020 short term incentive, the Compensation Committee determined to decrease the payout to 175% in light of the negative impacts of COVID-19
AAR Corp. $2,072 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Temporary reductions in base salary of 20% for our CEO for Q4. Extended decrease through fiscal 2021
AAR Corp. $2,072 Public: S&P 600 Capital Goods Executives: Reduced CEO Incentive Compensation Bifurcated fiscal 2020 into two separate performance periods and used discretion to decrease the bonus payout to 135% from 178% in order to further reflect the negative impact of COVID-19
AAR Corp. $2,072 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Temporary reductions in base salary of 15% for executive officers for Q4
AAR Corp. $2,072 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Incentive Bifurcated fiscal 2020 into two separate performance periods and used discretion to decrease the bonus payout to 135% from 178% in order to further reflect the negative impact of COVID-19
AAR Corp. $2,072 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Board temporarily reduced the cash component of its compensation by 20% effective May 2 (originally 15% effective April 1). These temporary reductions will remain in place throughout Fiscal 2021
AAR Corp. $2,072 Public: S&P 600 Capital Goods Non-Executives: Reduced Pay Reductions in compensation for a majority of all active employees with a base salary of $75,000 by 5% to 10%
AAR Corp. $2,072 Public: S&P 600 Capital Goods Suspended 401(k) Match Temporary suspension of the Company’s 401(k) and Supplemental Key Employee Retirement Plan (“SKERP”) match for fiscal year 2021
AAR Corp. $2,072 Public: S&P 600 Capital Goods Reduced Workforce Elimination of approximately 425 employee positions and more than 500 contractor positions and implementation of a hiring freeze
AAR Corp. $2,072 Public: S&P 600 Capital Goods Furlough of Employees Implementation of furloughs for approximately 1,000 full-time employees for ninety days with AAR paying the employee portion of monthly medical benefits costs
John Bean Technologies Corporation $1,728 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Reduced overall executive compensation levels; CEO took personal leave (non-COVID related) and CFO is interim CEO whose salary was reduced 15% previously but due to the new position, his salary increased
John Bean Technologies Corporation $1,728 Public: S&P 600 Capital Goods Executives: Reduced CEO Incentive Compensation Reduced incentive compensation for executives
John Bean Technologies Corporation $1,728 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Reductions in executive compensation and incentive compensation by 15%
John Bean Technologies Corporation $1,728 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Incentive Reduced incentive compensation for executives
John Bean Technologies Corporation $1,728 Public: S&P 600 Capital Goods Furlough of Employees Implemented temporary furloughs or layoffs
American Woodmark Corporation $1,650 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Revised go forward incentive plan – Bifurcated bonus plan – the Board approved a first quarter budget for fiscal year 2021 and the Compensation Committee approved a bonus plan tied to the first quarter fiscal year 2021 target performance, accordingly. This change applies to all participants of a short-term incentive plan using Adjusted EBITDA and Free Cash Flow, which covers the majority of our workforce. The Board and Compensation Committee will develop a plan for the remainder of fiscal year 2021 based on our level of clarity to ensure the goals are appropriately challenging and align with our shareholder interests; Deferral of 100% of earned fiscal year 2020 short term incentive payments to the CEO and senior vice-presidents for 6 months
American Woodmark Corporation $1,650 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary 50% reduction of base salary for the CEO until July 31, 2020
American Woodmark Corporation $1,650 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary 25% reduction of base salaries for SVPs
American Woodmark Corporation $1,650 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Board of Directors elected to reduce their cash retainer by 50% for the first quarter of fiscal year 2021 at its May 2020 meeting
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary A 25% reduction in the base salary of the Registrant’s Chief Executive Officer for the five-month period beginning on May 1, 2020 and ending on September 30, 2020
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary A 15% reduction in the base salary of all of the Registrant’s other Executive Officers for the five-month period beginning on May 1, 2020 and ending on September 30, 2020
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay A 25% reduction in the annual retainer paid to non-employee members of the Board of Directors for the 2020-2021 term; A 25% reduction in the additional annual retainer paid to committee chairpersons and the Chairperson of the Board for the 2020-2021 term
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Merit deferrals
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Reduced Workforce Headcount reductions
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Furlough of Employees Furloughs
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Suspended Buyback Program Temporarily suspend stock repurchase program
Watts Water Technologies, Inc. $1,509 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses Merit deferrals
Wabash National Corporation $1,482 Public: S&P 600 Capital Goods Furlough of Employees The company also announced plans to implement a two-week idling of operations and company-wide furlough from April 20 to May 3
Wabash National Corporation $1,482 Public: S&P 600 Capital Goods Suspended Buyback Program Temporary freeze on share repurchases
Cubic Corporation $1,476 Public: S&P 600 Capital Goods Suspended 401(k) Match Effective April 1, 2020, froze company matching contributions and reinstated effective October 1, 2020
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Company awarded the Options in lieu of the customary two-year cash-based performance awards usually granted to its executive officers. Revised go forward incentive plan – The Board, the Committee and the Company’s management considered the economic uncertainties resulting from the COVID-19 pandemic and determined that the Company would not be able to establish effective financial performance goals for the Company’s 2021 and 2022 fiscal years. Based on this determination, the Company elected to issue the Options in lieu of granting two-year cash-based performance awards having a performance period of the Company’s 2021 and 2022 fiscal years
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary 25% reduction to CEO’s salary for 6 months; the Board approved the restoration of the CEO’s salary on October 7, 2020
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary 10% to 15% reduction to salaries of other business leaders and NEOs by 20% for 6 months; the Board approved the restoration of the NEO’s salaries and business leaders and other salaried workforce effective October 25, 2020
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay 25% reduction to Board of Director fees for 6 months; the Board reinstated their cash portion of retainer fees to pre-pandemic levels on October 7, 2020
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspending merit pay increases for salaried and office employees for 6 months
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Suspended 401(k) Match Suspension of company matching contributions for 401k retirement plans
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Furlough of Employees Furloughs or reduced hours for many manufacturing employees as well as 10% reduction in hours of much of the salaried workforce; company wide freeze on new salaried hires for 6 months
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Suspended Buyback Program Suspending share repurchases
Apogee Enterprises, Inc. $1,387 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses Suspending merit pay increases for salaried and office employees for 6 months
Chart Industries, Inc. $1,177 Public: S&P 600 Capital Goods Suspended Buyback Program Share repurchase program was suspended as of March 20, 2020
Alamo Group Inc. $1,175 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Company’s Board of Directors has temporarily suspended cash compensation 100% for all of its independent Board members until further notice
Alamo Group Inc. $1,175 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Alamo Group has temporarily halted all U.S. salaried staff merit pay increases for the time being and rolled back any that had already taken place this year to 2019 levels
Alamo Group Inc. $1,175 Public: S&P 600 Capital Goods Furlough of Employees Several of our operations are furloughing some of their workforce temporarily due closures
Alamo Group Inc. $1,175 Public: S&P 600 Capital Goods Suspended Buyback Program Suspended the Company’s share repurchase program
Alamo Group Inc. $1,175 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses Alamo Group has temporarily halted all U.S. salaried staff merit pay increases for the time being and rolled back any that had already taken place this year to 2019 levels
Federal Signal Corporation $1,150 Public: S&P 600 Capital Goods Suspended Buyback Program Company has elected to suspend stock repurchases
Barnes Group Inc. $1,124 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary CEO base salary reduced by 30% May 1 until October 31, 2020
Barnes Group Inc. $1,124 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Other officers’ base salaries reduced by 15% May 1 until July 31, 2020
Barnes Group Inc. $1,124 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Cash retainer and committee fees have been reduced by 30% for the Chairman and 15% for the other non-management directors for 3 months May 1 until July 31
Barnes Group Inc. $1,124 Public: S&P 600 Capital Goods Furlough of Employees Employee furloughs
Barnes Group Inc. $1,124 Public: S&P 600 Capital Goods Suspended Buyback Program Suspended share repurchase activity.
Aegion Corporation $1,118 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Effective April 1, 100% salary reduction. Due to better clarity on the Company’s liquidity position, adjusted decreases effective May 16 for some NEOs. CEO will continue to forgo 100% of salary; Reversed reductions to salaries and awarded restricted stock to the amount of salary forgone divided by the closing price of the stock on 6/30/20
Aegion Corporation $1,118 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Effective April 1, 50% to 100% of NEO salaries will be granted as RSUs. Due to better clarity on the Company’s liquidity position, adjusted decreases effective May 16 for the GC salary to 50% from 100% and for the SVP, Treasury and Tax and the SVP, Corporate Controller and CAO to 25% from 50%. CFO will continue to forgo 100% of salary; Reversed reductions to salaries and awarded restricted stock to the amount of salary forgone divided by the closing price of the stock on 6/30/20
Aegion Corporation $1,118 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Cash fees suspended 100% for duration of crisis
Aegion Corporation $1,118 Public: S&P 600 Capital Goods Non-Executives: Reduced Pay Temporary cash wage reduction for North America salaried employees, ranging from 15% for lower salary bands to 50% for senior leadership
Aegion Corporation $1,118 Public: S&P 600 Capital Goods Furlough of Employees Unpaid furlough, impacting approximately 15% of the North American workforce
Aegion Corporation $1,118 Public: S&P 600 Capital Goods Suspended Buyback Program Suspension of the Company’s discretionary open-market share repurchase program
Matrix Service Company $1,101 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Despite the extremely challenging operating environment related to COVID-19 in the final months of fiscal 2020, the Committee recognized that the post-incentive operating income of the largest operating subsidiary and the engineering operating subsidiary substantially exceeded the 50% of budgeted operating income threshold. Accordingly, the Committee approved discretionary short-term incentives for the COO, Pres., Matrix Services and Pres., Matrix PDM Engineering. The Company’s safety performance was in excess of threshold amounts so the Committee approved safety payouts for all of the current NEOs, with the exception of the Pres., Matrix North American Construction due to the performance of his operating subsidiary
Matrix Service Company $1,101 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Effective January 1, 2021, the CEO took a voluntary reduction of 20% of base salary
Matrix Service Company $1,101 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Effective January 1, 2021, the NEOs took a voluntary reduction of 10% of base salary; all other executive officers will also take a 10% reduction of base salary
Matrix Service Company $1,101 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Board of Directors of the Company are taking a voluntary temporary reduction of 10% of their cash retainer fees effective January 1, 2021
Matrix Service Company $1,101 Public: S&P 600 Capital Goods Reduced Workforce The company incurred restarting and impairment charges primarily related to severance and facility costs associated with the exit of operations in under-performing portions of the business
Matrix Service Company $1,101 Public: S&P 600 Capital Goods Suspended Buyback Program The Company suspended share buybacks in early March
Matrix Service Company $1,101 Public: S&P 600 Capital Goods Executives: Suspended Raises and/or Bonuses The company decided not to increase the base salaries of the senior executives, except for those who received promotions as of September 3, 2019
EnPro Industries, Inc. $1,074 Public: S&P 600 Capital Goods Suspended Buyback Program Suspended share repurchases
AZZ Inc. $1,062 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Froze executive compensation
AZZ Inc. $1,062 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Froze executive compensation
AZZ Inc. $1,062 Public: S&P 600 Capital Goods Furlough of Employees 70% of the employees were furloughed to be available to be called back in August
AZZ Inc. $1,062 Public: S&P 600 Capital Goods Suspended Buyback Program Suspended share repurchase
Tennant Company $1,023 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary CEO base salary reduced by 100% for Q2
Tennant Company $1,023 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Other executive officers’ salaries reduced by 35% for Q2, except for the interim CFO who has his salary reduced by 25% instead
Tennant Company $1,023 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Reduced annual cash retainer payments for non-employee directors by 50% for Q2
Tennant Company $1,023 Public: S&P 600 Capital Goods Furlough of Employees Implemented furlough programs for all employees globally
Quanex Building Products Corporation $852 Public: S&P 600 Capital Goods Furlough of Employees Implemented furloughs
Kaman Corporation $837 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Salary reduced 20% for remainder of 2020
Kaman Corporation $837 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Temporary 15% reductions in the annual base salaries of the Company’s other executive officers, including all NEOs effective April 16 through the end of the third quarter
Kaman Corporation $837 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Quarterly cash retainer payments for non-employee directors will be temporarily reduced by 20% for the second fiscal quarter of 2020, to be reconsidered on a quarter-by-quarter basis thereafter
Kaman Corporation $837 Public: S&P 600 Capital Goods Non-Executives: Reduced Pay Temporary 10% reductions in the annual base salaries of the Company’s other U.S. based corporate officers and certain of the Company’s subsidiary senior management teams have also been implemented effective April 16 through the end of the third quarter
Kaman Corporation $837 Public: S&P 600 Capital Goods Reduced Workforce Workforce reductions
Kaman Corporation $837 Public: S&P 600 Capital Goods Furlough of Employees Initiated furloughs
Kaman Corporation $837 Public: S&P 600 Capital Goods Suspended Buyback Program Do not intend to effectuate any additional share repurchases until the ongoing COVID-19 pandemic and any related impact on our business, results of operations and cash flows have subsided
CIRCOR International, Inc. $808 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Implemented pay cuts for leadership
CIRCOR International, Inc. $808 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Implemented pay cuts for leadership
CIRCOR International, Inc. $808 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay Implemented pay cuts for leadership
CIRCOR International, Inc. $808 Public: S&P 600 Capital Goods Furlough of Employees Implementing furlough of certain employees
ESCO Technologies Inc. $733 Public: S&P 600 Capital Goods Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On November 17, 2020, adjusted outstanding PARs awards (issued on April 30, 2018 and May 1, 2019). The purpose of the amendments is to provide a “double trigger” for acceleration of the PARS awards upon a Change of Control; the Committee initially delayed making its normal mid-year LTEI grants, and eventually determined not to grant any LTEI awards for 2020 to the executive officers Revised go forward incentive plan – For fiscal 2021, changed LTI mix from 100% PARS to include PSUs and RSUs only
Standex International Corporation $605 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Determined each NEO achieved greater than target on their strategic goal (weighted 25% of plan) based on the quality of management’s response to the COVID-19 pandemic and the rapid actions taken to ensure employee safety and mitigate the adverse financial impact to the businesses
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Suspended the Company’s FY’20 annual bonus program. Revised go forward incentive plan – FY21 plan will be bifurcated into two half-year measurement periods with separate and distinct performance objectives for each period and different weighting for each half relative to a participant’s annual target bonus amount. The performance objectives for the first half of the fiscal year will be based on achievement relative to approved sales and decremental margin scales. The weighting of the first-half period will be 25% of a participant’s target annual bonus opportunity, and the second half will account for the remaining 75% of the annual target opportunity. The performance objectives for the second half will be approved by the Committee in January 2021. In addition to the annual bonus plan’s cash incentive opportunity, participants will have the opportunity to earn restricted stock units equal to 25% of the value of their annual target bonus opportunity based on achievement of an approved sales target
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Long-Term Incentive Plan Changes Revised go forward incentive plan – In prior years, equity awards for NEOs were allocated 50% as PSUs and 50% as RSUs. For fiscal 2021, increased weighting of the equity awards being made as RSU awards, though the awards to the CEO will have a higher proportion of PSUs relative to restricted stock units than that of the other NEOs. Due to the uncertainties with respect to the duration and severity of the COVID-19 pandemic and its impact on the general economy and the markets served by the Company, setting appropriate three-year performance levels for determining the payout of PSUs using an internal company performance measure is difficult. In light of this difficulty, the Committee selected relative TSR as the sole performance measure for the PSUs
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary Commencing in April 2020 the base salary of the Company’s President and Chief Executive Officer was reduced with the effect that he did not receive any salary payment for four weeks
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Executives: Reduced CEO Incentive Compensation Suspended the Company’s FY’20 annual bonus program 100%
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary Commencing in April 2020 the base salary of the Company’s other executive officers was reduced with the effect that each of them did not receive any salary payment for two weeks
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Incentive Suspended the Company’s FY’20 annual bonus program 100%
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspended the Company’s FY’20 annual bonus program
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Suspended 401(k) Match Temporarily suspended the Company’s 401k match
Enerpac Tool Group Corp. $493 Public: S&P 600 Capital Goods Furlough of Employees Implemented a two-week furlough program
Lindsay Corporation $475 Public: S&P 600 Capital Goods Non-Executives: Additional Payments for On-Site Employees Premium pay for factory workers
Proto Labs, Inc. $434 Public: S&P 600 Capital Goods Executives: Reduced CEO Base Salary On April 30, 2020, the Board approved a 20% for the Company’s President and Chief Executive Officer effective May 4, 2020, and will stay in effect until June 30, 2020, unless extended by further action of the Committee
Proto Labs, Inc. $434 Public: S&P 600 Capital Goods Executives: Reduced Other Executive Base Salary On April 30, 2020, the Board approved a 10% for all other members of the Company’s executive leadership team effective May 4, 2020, and will stay in effect until June 30, 2020, unless extended by further action of the Committee
Proto Labs, Inc. $434 Public: S&P 600 Capital Goods Board of Directors: Reduced Pay In addition, the Board approved a 20% reduction in the annual cash retainer paid to non-employee directors effective May 4, 2020, and will stay in effect until June 30, 2020, unless extended by further action of the Committee
Raven Industries, Inc. $383 Public: S&P 600 Capital Goods Suspended or Reduced Dividend Payments Effective in August, indefinitely suspended the dividend
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Despite the NEOs’ strong leadership, guidance and delivery against their updated collective Personal Objectives, in light of the wide-ranging impacts of the COVID-19 pandemic, the Committee accepted the NEO’s voluntary forfeiture of the 15% Personal Objectives portion of each of their CIP payouts and applied negative discretion, resulting in reduced payouts of 109.7% of target.
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Executives: Granted Discretionary Award Committee approved special one-time RSU awards to approximately 175 key leaders, in order to stabilize and motivate the true drivers of ABM’s success
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Base Salary Executive leadership team, including our NEOs, reduced their base salaries by 20%, from May 1, 2020, through July 31, 2020
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Incentive Compensation CEO’s cash bonus was further reduced to 100% by the independent directors on the Board at the request of the CEO, in recognition of the wide-ranging impacts of the COVID-19 pandemic, including difficult cost-saving measures implemented throughout the Company
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Executive leadership team, including our NEOs, reduced their base salaries by 20%, from May 1, 2020, through July 31, 2020
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Board of Directors: Reduced Pay Non-executive directors reduced their cash retainers by 20% from May 1, 2020, through July 31, 2020
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Non-Executives: Reduced Pay Key management employees reduced their base salaries by 10% from May 1, 2020, through July 31, 2020
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Suspended 401(k) Match Company’s 401(k) matching program suspended effective June 1, 2020 through the end of 2020
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Furlough of Employees Implemented temporary furloughs for certain staff and management employees
ABM Industries Incorporated $5,988 Public: S&P 600 Commercial and Professional Services Suspended Buyback Program In March 2020, the Company suspended all further share repurchases
Kelly Services, Inc. $4,516 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Base Salary Substantially reduced CEO compensation
Kelly Services, Inc. $4,516 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Reduced compensation of 10% or more for senior leaders
Kelly Services, Inc. $4,516 Public: S&P 600 Commercial and Professional Services Board of Directors: Reduced Pay Kelly’s board has indicated they will take formal action to reduce director compensation at its next scheduled meeting in May
Kelly Services, Inc. $4,516 Public: S&P 600 Commercial and Professional Services Non-Executives: Reduced Pay 10% pay cut for full-time salaried employees in the U.S., Puerto Rico and Canada
Kelly Services, Inc. $4,516 Public: S&P 600 Commercial and Professional Services Suspended 401(k) Match Suspension of the company match to certain retirement accounts in the U.S. and Puerto Rico
Kelly Services, Inc. $4,516 Public: S&P 600 Commercial and Professional Services Furlough of Employees Temporary furloughing and/or redeployment of some employees until business conditions improve
Kelly Services, Inc. $4,516 Public: S&P 600 Commercial and Professional Services Suspended or Reduced Dividend Payments Suspending the quarterly dividend
HNI Corporation $2,009 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Base Salary CEO base salary reduced by 25% for 6 months
HNI Corporation $2,009 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Base Salary NEO base salaries reduced by 15% for 6 months
HNI Corporation $2,009 Public: S&P 600 Commercial and Professional Services Board of Directors: Reduced Pay Reduced its cash and equity retainers by 25% for 6 months
HNI Corporation $2,009 Public: S&P 600 Commercial and Professional Services Non-Executives: Reduced Pay Base salaries for salaried exempt members were reduced by 10% for 6 months
HNI Corporation $2,009 Public: S&P 600 Commercial and Professional Services Furlough of Employees Members have been furloughed to better match staffing levels with demand activity. The Corporation will pay all health insurance premiums for these members during furlough
HNI Corporation $2,009 Public: S&P 600 Commercial and Professional Services Suspended Buyback Program Suspended its share repurchase activities in April
Korn Ferry $1,933 Public: S&P 600 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Eliminated annual cash incentive payouts for fiscal year 2020
Korn Ferry $1,933 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Base Salary CEO salary reduced by 50% May 1 through December 31, 2020; on November 20 approved the payment to the Company’s NEOs of an amount equal to the reduced base salary not paid to such officers for the second quarter of the Company’s 2021 fiscal year
Korn Ferry $1,933 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Eliminated 100% of annual cash incentive payouts for fiscal year 2020
Korn Ferry $1,933 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Base Salary NEO salaries reduced by 50% May 1 through December 31, 2020; on November 20 approved the payment to the Company’s NEOs of an amount equal to the reduced base salary not paid to such officers for the second quarter of the Company’s 2021 fiscal year
Korn Ferry $1,933 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Incentive Eliminated 100% of annual cash incentive payouts for fiscal year 2020
Korn Ferry $1,933 Public: S&P 600 Commercial and Professional Services Board of Directors: Reduced Pay Board pay has been reduced by 50% May 1 through August 31, 2020; On Sept 22, non-employee members of the board agreed to extend the reduction through December 31, 2020
Korn Ferry $1,933 Public: S&P 600 Commercial and Professional Services Furlough of Employees Temporary furlough of certain employees through August 31, 2020
CoreCivic, Inc. $1,905 Public: S&P 600 Commercial and Professional Services Non-Executives: One-Time Bonus Every frontline employee will receive a $500 Hero Bonus
CoreCivic, Inc. $1,905 Public: S&P 600 Commercial and Professional Services Expanded Workforce Announced its commitment to hire at its 73 active locations across the United States
CoreCivic, Inc. $1,905 Public: S&P 600 Commercial and Professional Services Expanded Benefits Programs Awarding frontline employees additional paid time off for use in 2020
CoreCivic, Inc. $1,905 Public: S&P 600 Commercial and Professional Services Suspended or Reduced Dividend Payments Suspended quarterly dividend payments
TrueBlue, Inc. $1,846 Public: S&P 600 Commercial and Professional Services Suspended Buyback Program Suspended share repurchases
UniFirst Corporation $1,804 Public: S&P 600 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Exercised discretion to adjust bonuses under the executive bonus plan from 17% of base to 20% of base
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Base Salary Salary reduced 20% April 1 through June 30. Any incentive payments or payments upon termination will be calculated based on CEO’s regular base salary, without regard to the temporary salary reduction
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Base Salary NEO salaries reduced 20% April 1 through June 30
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Non-Executives: Reduced Pay Reduced salaries for many employees
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Suspended employee merit increases
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Suspended 401(k) Match Effective April 1, 2020, we suspended the company match in an effort to maintain liquidity during the COVID-19 pandemic
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Non-Executives: Additional Payments for On-Site Employees Adversity pay for key hourly line production workers required to remain on-site with front-line team members receiving an increase of $2 an hour during this time
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Furlough of Employees Instituted furloughs for some employees in certain production facilities
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Suspended Buyback Program Temporarily suspended share repurchases in March 2020
Deluxe Corporation $1,791 Public: S&P 600 Commercial and Professional Services Executives: Suspended Raises and/or Bonuses Suspended employee merit increases
Matthews International Corporation $1,498 Public: S&P 600 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – due to the additional emphasis on cash flow preservation/generation as a result of the uncertainties of the pandemic, the Committee implemented operating cash flow as an additional performance metric. For this purpose, the Committee utilized operating cash flow targets established in connection with the Company’s fiscal 2020 budgeting process which were developed prior to the pandemic. The Committee also approved the following: Lowered the minimum performance threshold for adjusted EBITDA from 80% of target to 60% of target; and Lowered the minimum performance threshold for economic value added to require positive economic value added performance (initially required 75% of established target)
Matthews International Corporation $1,498 Public: S&P 600 Commercial and Professional Services Long-Term Incentive Plan Changes Revised go forward incentive plan – The allocation of restricted share units was changed in consideration of the pandemic for FY2021 only to 50% performance units and 50% time-based units from 65% performance units and 35% time-based units; For FY2021, PSUs will be based 50% on stock price growth and 50% on ROIC. The utilization of stock price as a performance goal is temporary in consideration of the pandemic and is intended to better align the interests of participants with the Company’s shareholders
Interface, Inc. $1,166 Public: S&P 600 Commercial and Professional Services Non-Executives: Reduced Pay Implemented several cost reducing initiatives to align with anticipated customer demand including time-and-pay reduction programs
Interface, Inc. $1,166 Public: S&P 600 Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Suspended merit-based pay increases
Interface, Inc. $1,166 Public: S&P 600 Commercial and Professional Services Suspended 401(k) Match Suspended 401(k) and NSP company matching contributions
Interface, Inc. $1,166 Public: S&P 600 Commercial and Professional Services Reduced Workforce Implemented several cost reducing initiatives to align with anticipated customer demand including involuntary separations where necessary to streamline roles and responsibilities
Interface, Inc. $1,166 Public: S&P 600 Commercial and Professional Services Furlough of Employees Implemented several cost reducing initiatives to align with anticipated customer demand including a voluntary separation program and temporary furloughs
Interface, Inc. $1,166 Public: S&P 600 Commercial and Professional Services Executives: Suspended Raises and/or Bonuses Suspended merit-based pay increases
Interface, Inc. $1,166 Public: S&P 600 Commercial and Professional Services Suspended or Reduced Dividend Payments Reduced dividend to $0.01 per share in response to COVID
Brady Corporation $1,081 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Reduced incentive-based compensation
Brady Corporation $1,081 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Incentive Reduced incentive-based compensation
Brady Corporation $1,081 Public: S&P 600 Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Reduced incentive-based compensation
Team, Inc. $933 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Base Salary Reduced salaries for the executive leadership team, which includes a 20% reduction in the CEO’s base salary when compared to 2019
Team, Inc. $933 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Base Salary Reduced salaries for the executive leadership team, which includes a 15% reduction for the other executive officers
Team, Inc. $933 Public: S&P 600 Commercial and Professional Services Board of Directors: Reduced Pay Temporary 20% reduction in the annual cash retainer paid to non-employee directors
Team, Inc. $933 Public: S&P 600 Commercial and Professional Services Non-Executives: Reduced Pay All other leadership members’ base salaries will be reduced by 10%, and other affected employees will take an 8% reduction; Implemented reduced salaries/hourly rates for certain non-executive corporate positions
Team, Inc. $933 Public: S&P 600 Commercial and Professional Services Suspended 401(k) Match Suspended the employer match in our Executive Deferred Compensation Retirement Plan and the Team, Inc. 401(k) Plan
Team, Inc. $933 Public: S&P 600 Commercial and Professional Services Furlough of Employees Implemented rolling furloughs for certain non-executive corporate positions; Furloughed technicians that do not have scheduled work as well as related support staff
US Ecology, Inc. $924 Public: S&P 600 Commercial and Professional Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – PSU metrics altered to be based on two-and-a-half year TSR compared to the S&P 500 and S&P 600 (equally weighted) rather than three year ROE and ROIC Revised go forward incentive plan – Given the significant economic uncertainty and business disruption created by the COVID-19 pandemic, the Committee approved the award of stock options and restricted stock to each Executive with a grant date of January 4, 2021. The Board elected not to award performance stock units (“PSUs) at this time because the COVID-19 pandemic continues to present significant business uncertainty. The Board believes it does not have sufficient visibility to the timing of the Company’s recovery that would be necessary to set meaningful multi-year financial performance targets. The Board considers this a temporary decision and anticipates a return to a long-term incentive program that consists of at least 40% PSUs (equal to the weight given PSUs in the 2020 program), in fiscal year 2022. The Board believes that the options awarded, increased from 20% to 50% of the total equity award value, aligns management’s interest with that of shareholders and the performance element of the award adequately addresses the unprecedented uncertainty and lack of visibility given that a recipient will not realize any value of the award unless the share price exceeds a certain value
US Ecology, Inc. $924 Public: S&P 600 Commercial and Professional Services Furlough of Employees Furloughed employees
US Ecology, Inc. $924 Public: S&P 600 Commercial and Professional Services Suspended or Reduced Dividend Payments Company has suspended dividend payments starting second quarter of 2020
Resources Connection, Inc. $703 Public: S&P 600 Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – After taking into account the annual incentives to be paid to the participants under the quantitative component of the EIP, the Compensation Committee decided to award annual EIP incentives at slightly less than the target qualitative award levels because the Committee determined that the Company did not increase global revenue to the full extent management believed possible
Viad Corp. $415 Public: S&P 600 Commercial and Professional Services Executives: Reduced CEO Base Salary CEO salary reduced by 50% for 90 days
Viad Corp. $415 Public: S&P 600 Commercial and Professional Services Executives: Reduced Other Executive Base Salary CFO to reduce salary by 30%, and President of GES, GC, CHRO, CIO, and CAO to reduce salary by 20% for 90 days
Viad Corp. $415 Public: S&P 600 Commercial and Professional Services Board of Directors: Reduced Pay Annual cash retainer and Committee retainers reduced 50% for 90 days
Viad Corp. $415 Public: S&P 600 Commercial and Professional Services Furlough of Employees Reduced our payroll costs through furloughs
Viad Corp. $415 Public: S&P 600 Commercial and Professional Services Suspended Buyback Program Suspended future dividend payments and share repurchases
Viad Corp. $415 Public: S&P 600 Commercial and Professional Services Suspended or Reduced Dividend Payments Suspended future dividend payments and share repurchases
Meritage Homes Corporation $4,501 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Share repurchase program is on hold until business stabilizes from COVID
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Long-Term Incentive Plan Changes To provide additional retention value and a greater degree of certainty during a period of extreme market volatility, in April 2020, our Compensation Committee granted Compensation Committee granted time-based RSUs with a 3-year cliff vesting period to NEOs. They expect to return to granting PSUs in fiscal 2022, but the Compensation Committee intends to maintain flexibility to evaluate business conditions next year and determine compensation accordingly
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO voluntarily agreed to 100% salary reduction effective March 30
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Significantly reduced annual cash incentive payments for fiscal 2021
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Effective March 30, President voluntarily agreed to receive no salary; CFO and COO each voluntarily agreed to a 40% reduction in annual salary
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Significantly reduced annual cash incentive payments for fiscal 2021
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Directors agreed to a 40% reduction in their annual salaries
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Base annual salaries of other senior personnel will be temporarily reduced by 10% to 40%
G-III Apparel Group, Ltd. $3,160 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Furlough of approximately 60% of its wholesale operations and 80% of retail segment effective April 6. Wholesale business furloughed employees will continue to receive existing healthcare benefits with the Company paying the employees’ share of healthcare costs. Full-time retail business furloughed employees will continue to receive existing healthcare benefits with the Company paying the employees’ share of healthcare costs
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Temporary reductions of compensation for CEO
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Temporary reductions of compensation for NEOs
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Members of the Board will temporarily reduce portions of their cash compensation
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Approved temporary reductions of compensation for other members of our senior management team
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Approved the suspension of merit increases for other members of our senior management team
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Impacted employees at retail locations will receive pay and benefits during this time, or any longer period as may be required by local governments
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Implemented temporary furloughs
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Suspended merit increases for the CEO and other NEOs
Kontoor Brands, Inc. $2,090 Public: S&P 600 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Temporary suspension of dividend in conjunction with credit facility amendment
Wolverine World Wide, Inc. $1,889 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Reduced CEO salary by 50% for the remainder of 2020
Wolverine World Wide, Inc. $1,889 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Reduced salaries for Executives and Senior Leadership Team by 35% for the remainder of 2020
Wolverine World Wide, Inc. $1,889 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Reduced director fee, committee fees, and chairpersons fees by 25% for the remainder of 2020
Wolverine World Wide, Inc. $1,889 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Reduced salaries of employees who receive equity compensation by 25% for the remainder of 2020
Wolverine World Wide, Inc. $1,889 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Implementation of select furloughs
Wolverine World Wide, Inc. $1,889 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchases
Fossil Group, Inc. $1,797 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Effective March 30, 2020, the Company implemented base salary reductions for a substantial number of its global employees, including each of its executive officers
Fossil Group, Inc. $1,797 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Effective March 30, 2020, the Company implemented base salary reductions for a substantial number of its global employees, including each of its executive officers
Fossil Group, Inc. $1,797 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Effective March 30, 2020, the cash fees for all non-employee directors serving on the Company’s Board of Directors were deferred for the first quarter of 2020 until the end of 2020 and the cash fees will be reduced by 20% for the second quarter of 2020
Fossil Group, Inc. $1,797 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees The Company also implemented weekly work hour reductions (e.g., from 40 hours to 32 or 24 hours) and has implemented work-reduction furloughs for certain other employees
Vista Outdoor Inc. $1,756 Public: S&P 600 Consumer Durables and Apparel Annual Incentive Plan Changes Revised go forward incentive plan – Added adjustment factor to the 2021 bonus to allow the compensation committee to adjust actual 2021 results for the impact of COVID-19
Vista Outdoor Inc. $1,756 Public: S&P 600 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised go forward incentive plan – Changed 2021 goals to be based on the average achievement level of 3, 1-year goals based on EPS growth and organic sales growth; Added TSR modifier to allow the compensation committee to adjust actual results for the impact of COVID-19
Vista Outdoor Inc. $1,756 Public: S&P 600 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Given the recognition of a challenging environment in which the Company will operate in fiscal year 2021, the MDCC determined that it would hold the CEO’s base salary flat for fiscal year 2021
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee considered that if actual performance through the third quarter was weighted at 75% and performance for the fourth quarter was measured as a zero payout weighted at 25%, the resulting total payout would approximate 100% of target. To further align the MIP payout with the negative impact of the COVID-19 pandemic on our shareholders and other stakeholders, the Compensation Committee applied a 25% reduction to the amount determined above, resulting in a final payout of 75% of target. In order to reflect the severe impact of the COVID-19 pandemic in the first quarter of FY 2021 on the company’s shareholders and employees, the Compensation Committee reduced the maximum opportunity under the FY 2021 MIP by 25% (i.e., payouts are capped at 150% of target as compared to the 200% maximum payout opportunity under the FY 2020 MIP); Delayed the payout of a portion of the FY 2020 MIP bonuses earned by our NEOs and other members of senior management from June 2020 to later in calendar year 2020
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised go forward incentive plan – FY 2021 LTI mix reverted back to the mix used in FY 2019 and prior years of 50% performance-based shares and 50% stock options. The performance metrics approved for the FY 2021-2023 performance-based share awards are the same as those for the FY 2020-2022 performance-based share awards with an increased weighting of TSR. The setting of the performance goals for the FY 2021-2023 performance-based share awards has been delayed until August 2020
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Salary reduction of 50% for senior management effective March 29, 2020; restored the base salaries of executives effective August 1, 2020
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Salary reduction of 50% for senior management until further notice effective March 29, 2020; restored the base salaries of executives effective August 1, 2020
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Cash compensation reduced 100% effective March 29, 2020; restored cash compensation effective August 1, 2020
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Salary reduction of 25% for salaried employees effective March 29, 2020; restored the base salaries of executives effective August 1, 2020
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Suspended 401(k) Match Freeze of 401(k) match effective March 29, 2020; effective August 1, reinstated 401(k) match for all qualifying employees
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Reduced Workforce Effective immediately, the company will reduce its global workforce by about 10%, or approximately 850 employees, across its manufacturing, retail and corporate locations
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Furlough of approximately 6,800 employees, or approximately 70% of its global workforce; majority of furloughed employees had returned to work at the end of the first quarter
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Termination of share repurchase program indefinitely; La-Z-Boy Incorporated (the “Company”) previously suspended its share repurchases as a part of its COVID-19 Action Plan, announced March 29, 2020. The Company intends to resume share repurchases under its previous share repurchase authorization
La-Z-Boy Incorporated $1,704 Public: S&P 600 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Eliminated June quarterly dividend and will seek to resume dividends as business conditions improve; Effective August 18, 2020, quarterly dividend was reinstated
Tupperware Brands Corporation $1,668 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary A salary reduction of 20% for the Company’s CEO for the second quarter
Tupperware Brands Corporation $1,668 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Executive Chairman Pay A salary reduction of 20% for the Company’s Executive Vice Chairman for the second quarter
Tupperware Brands Corporation $1,668 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay 20% reduction in cash retainers for the second quarter and waivers of certain other fees for the board of directors
Tupperware Brands Corporation $1,668 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Temporary furloughs, leave without pay, or reduction in wages across corporate, factory and market-level associates globally
Tupperware Brands Corporation $1,668 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Suspension of corporate and unit merit increases globally
Tupperware Brands Corporation $1,668 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Temporary furloughs, leave without pay, or reduction in wages across corporate, factory and market-level associates globally
Tupperware Brands Corporation $1,668 Public: S&P 600 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Suspension of corporate and unit merit increases globally
Installed Building Products, Inc. $1,653 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchase program
Callaway Golf Company $1,589 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Forgo 100% of base salary beginning with the next scheduled pay period. The reduction in base salary does not affect any other compensation or benefits to which the CEO is entitled
Callaway Golf Company $1,589 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Executive officers have voluntarily elected to reduce their respective base salaries by 20% beginning with the next scheduled pay period. The reduction in base salaries does not affect any other compensation or benefits to which such officer or employee might be entitled
Callaway Golf Company $1,589 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Board of Directors of the Company has also voluntarily elected to waive 100% of the directors’ annual cash retainer fees for 2020
Callaway Golf Company $1,589 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Base salaries of other members of senior management and other employees were reduced in graduated amounts. The reduction in base salaries does not affect any other compensation or benefits to which such officer or employee might be entitled
iRobot Corporation $1,430 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Reducing short-term incentive compensation
iRobot Corporation $1,430 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Reducing short-term incentive compensation
iRobot Corporation $1,430 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Reducing short-term incentive compensation
iRobot Corporation $1,430 Public: S&P 600 Consumer Durables and Apparel Reduced Workforce Reduced workforce 5%
iRobot Corporation $1,430 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Furloughed employees
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary The compensation for senior leadership has been significantly reduced for the foreseeable future
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary The compensation for senior leadership has been significantly reduced for the foreseeable future
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay The compensation for our Board of Directors has been significantly reduced for the foreseeable future
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Across the Company for 2020, Crocs has reduced hiring and suspended the annual increases, market adjustments and promotions that were scheduled to go into effect in 2020
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Reduced Workforce Eliminated select roles as it adjusts to an organization structure for the future
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees We have temporarily furloughed retail employees but have retained store managers and assistant store managers, albeit with reduced hours in North America
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program The Company has suspended share repurchases
Crocs, Inc. $1,386 Public: S&P 600 Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Across the Company for 2020, Crocs has reduced hiring and suspended the annual increases, market adjustments and promotions that were scheduled to go into effect in 2020
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO salary reduced 100% effective April 1, 2020; other employees’ salaries were reinstated as of August 1, 2020, but the CEO will continue to forego his salary for an undefined period; On October 1, 2020, reinstated the salary of CEO
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Executive Chairman Pay Steve Madden, our founder and Creative and Design Chief, will forgo 100% of salary effective April 1, 2020; other employees’ salaries were reinstated as of August 1, 2020, but Madden will continue to forego his salary for an undefined period; On October 1, 2020, reinstated the salary of founder
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary The salaries of our President, CFO, COO, and Chief Merchandising Officer will be reduced by 30% effective April 1, 2020; Restoration of our employees’ salaries will become effective as of August 1, 2020
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Suspended cash compensation 100% effective April 1, 2020; other employees’ salaries were reinstated as of August 1, 2020, but the board will continue to forego cash compensation for an undefined period; On October 1, 2020, reinstated the cash compensation to be paid to members of our Board of Directors. Messrs. Madden and Rosenfeld and our Board of Directors previously had voluntarily agreed to suspend payment of their compensation
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay The salaries of all other employees earning more than $100,000 per year will be reduced by graduated amounts effective April 1, 2020; Restoration of our employees’ salaries will become effective as of August 1, 2020
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Retail store employees will be paid through March 27
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Effective March 30th, we will furlough a significant number of our employees. Employees with medical benefits will continue to receive those benefits at no personal cost
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program We have suspended stock repurchases
Steven Madden, Ltd. $1,268 Public: S&P 600 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Suspended quarterly cash dividend
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Long-Term Incentive Plan Changes Revised go forward incentive plan – changed PSU metric from EPS to relative TSR
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Certain of our salaried employees, including our Chief Executive Officer and Chief Financial Officer, are taking reductions in their base salary
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Suspended cash bonus program for 2020
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Certain of our salaried employees, including our Chief Executive Officer and Chief Financial Officer, are taking reductions in their base salary
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Suspended cash bonus program for 2020
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Certain of our salaried employees are taking reductions in their base salary. Suspended cash bonus program for 2020
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Furloughing a significant number of employees, and has broadly implemented a strategy for associates in its corporate and brand offices to work remotely
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program On March 17, decided to suspend share repurchases
Oxford Industries, Inc. $1,123 Public: S&P 600 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Reduced quarterly dividend payable on May 1 to $0.25 from the previous level of $0.37 per share
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Reduce salaries for its salaried employees, including Chairman/CEO who has volunteered to forego 100% of salary during the furlough period
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Reduce salaries for its salaried employees, including Chairman/CEO who has volunteered to forego all salary during the furlough period
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Board of Directors will waive 100% of the cash portion of their compensation during the furlough
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay All remaining salaried employees have agreed to a salary reduction of 15% to 25% during this period
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Suspended 401(k) Match The Company froze the Company’s match on executive deferred compensation plans and the Company’s 401(k) match
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Furlough approximately 850 employees, or approximately 80% of its North American workforce, effective April 6, 2020 through the end of May or such other time as circumstances warrant
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Suspended share repurchases
Movado Group, Inc. $701 Public: S&P 600 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Discontinued regular quarterly dividend with an expectation to resume the dividend when business conditions warrant it
Universal Electronics Inc. $615 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Suspended repurchasing
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO to temporarily forgo 100% of salary on March 29; the Company restored the temporary salary reductions on June 30, 2020
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Concluded that 100% of annual incentive compensation or discretionary bonus was to be awarded to the NEOs during fiscal 2020
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Temporary reduction in salary of up to 40% for all senior management on March 29; the Company restored the temporary salary reductions on June 30, 2020
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Concluded that 100% of annual incentive compensation or discretionary bonus was to be awarded to the NEOs during fiscal 2020
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Cash compensation temporarily reduced 50% April 1 to June 30. For fiscal 2021, the annual equity compensation was adjusted to reduce the fiscal 2021 stock option grants by 20%
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Temporary reduction in salary of up to 20% for salaried employees; the Company restored the temporary salary reductions on June 30, 2020
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Furlough of approximately 70% of its global workforce; as of August 4, 2020 56% of associates have already returned to work
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Temporary halt of the share repurchase program
Ethan Allen Interiors Inc. $590 Public: S&P 600 Consumer Durables and Apparel Suspended or Reduced Dividend Payments Board temporarily suspended the Company’s regular quarterly cash dividend; the Company has reinstated the regular quarterly dividend as of June 30, 2020
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced CEO Base Salary Temporarily reducing base compensation 75% for CEO
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Temporarily reducing base compensation for remaining corporate Associates and store management, with reductions on a graduated scale ranging from 15% to 30%, and 75% for CEO
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Board of Directors: Reduced Pay Cash compensation temporarily suspended 100%
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Non-Executives: Reduced Pay Temporarily reducing base compensation for remaining corporate Associates and store management, with reductions on a graduated scale ranging from 15% to 30%
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Suspended 401(k) Match Temporarily eliminating 401(k) matches
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Furlough of Employees Furloughing store associates, home office associates and distribution center associates. They will continue to receive paid benefits for up to 12 weeks from the original furlough date
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Suspended Buyback Program Suspended buyback program
Vera Bradley, Inc. $495 Public: S&P 600 Consumer Durables and Apparel Other Temporarily eliminating charitable donation matches
Bloomin’ Brands, Inc. $3,171 Public: S&P 600 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – On July 20, 2020, approved modifications to the 2020 Short-Term Incentive Plan; 2/3 of the bonus will be based on relative year-over-year comparable sales as compared to industry for the period June 29, 2020 through December 27, 2020 and 1/3 of the bonus will be based on 2020 Restaurant Support Center Overhead Savings measured over the full fiscal year. The savings measure will maintain the same weighting and performance scale that was established for the original 2020 STIP in February 2020. In addition, the Committee will consider a threshold level of EBIT before determining payouts under the revised plan. Payout opportunities under the STIP are also reduced to a 60% of target payout for target performance, and a 100% of target payout for maximum performance, previously 100% and 200%, respectively.
Bloomin’ Brands, Inc. $3,171 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary The CEO elected to forgo 100% of base salary in excess of the amount necessary to cover his required contributions to his employment benefits and related payroll taxes from the pay period beginning April 6, 2020; reinstated CEO salary effective 6/29/2020
Bloomin’ Brands, Inc. $3,171 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay The Board of Directors of the Company also agreed to forgo 100% of cash retainer effective immediately and continuing until further notice; reinstated compensation effective immediately
Bloomin’ Brands, Inc. $3,171 Public: S&P 600 Consumer Services Suspended or Reduced Dividend Payments Suspended quarterly dividend commencing with Q1 dividend that would have been paid in May 2020
Brinker International, Inc. $3,079 Public: S&P 600 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Shortened 2020 performance period by 4 months to neutralize the impact of COVID-19. Revised go forward incentive plan – For fiscal 2021, targets for the short term incentive plan will be set and achievement measured on a quarterly basis due to the difficulty of setting annual targets during the COVID-19 pandemic
Brinker International, Inc. $3,079 Public: S&P 600 Consumer Services Long-Term Incentive Plan Changes Revised go forward incentive plan – For fiscal 2021, the Committee decided to change the mix of long-term equity compensation to be 80% time-based RSUs and 20% PSUs, which eliminates stock options. The Committee expects to return to higher percentages of executive compensation being paid with performance shares and stock options in fiscal 2022. The Committee intends to adjust the EPS targets for both the 2021 EPS Performance Condition and the 2022 EPS Performance Condition. These adjustments have not yet been made because the Committee continues to evaluate the ongoing impact of the pandemic
Brinker International, Inc. $3,079 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary Reduced CEO salary by 50%
Brinker International, Inc. $3,079 Public: S&P 600 Consumer Services Suspended 401(k) Match Company match was suspended for all participants on May 13, 2020 for the remainder of the calendar year.
Brinker International, Inc. $3,079 Public: S&P 600 Consumer Services Furlough of Employees Furloughed employees. By Q3 earnings call on April 29, the company had brought back 10% of its workforce
Brinker International, Inc. $3,079 Public: S&P 600 Consumer Services Suspended Buyback Program Suspended all share repurchase activity
Brinker International, Inc. $3,079 Public: S&P 600 Consumer Services Suspended or Reduced Dividend Payments Suspended the quarterly cash dividend
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Compensation Committee approved modifications to the strategic objectives applicable to the component representing 25% of the 2020 Bonus; On February 10, 2021, the Compensation Committee awarded each of the named executive officers of the Company a discretionary bonus pursuant to the Company’s Performance Incentive Plan for Fiscal 2020 (as amended and restated on September 2, 2020, the “Plan”) equal to 10% of each such named executive officer’s target performance bonus under the Plan in recognition of performance in responding to the challenges of the COVID-19 pandemic during fiscal year 2020 (each a “discretionary bonus”)
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced 20% for 2020 in April, with full pay restored in September
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary NEO salaries reduced 20% for 2020 in April, with full pay restored in September
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay Annual cash retainer fees reduced 20% for 2020, with full pay restored in September
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Non-Executives: Reduced Pay Reduced pay for all corporate employees and bakery administration employees by graduated amounts between 10% and 20%, with full pay restored in September
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Furlough of Employees Furloughed approximately 41,000 hourly restaurant staff members. Furloughed staff members will retain their benefits eligibility and insurance until June 1, 2020 and will be provided a daily complimentary meal from their restaurant. The company rehired a majority of its approximately 41,000 employees who were furloughed in March and April
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Suspended Buyback Program Suspended share repurchases
The Cheesecake Factory Incorporated $1,983 Public: S&P 600 Consumer Services Suspended or Reduced Dividend Payments Suspended dividend
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Cash payouts on 2019 Executive Incentive Plan were delayed and payment will be in awards of stock rather than cash; Revised go forward incentive plan – Suspended the fiscal 2020 annual and long-term bonus plan in efforts to preserve liquidity and replaced the plans with a stock-based award. The Plan is made up of two equally weighted equity-based awards, performance-based Market Stock Units (MSU) and Restricted Stock Units (RSUs). MSUs are performance stock units, earned based on absolute stock price performance. The actual number of MSUs delivered is directly correlated to the absolute change in the Company’s stock price growth as measured on the first anniversary of grant. Given the uncertainty of the current environment, the Committee did not believe it feasible to establish long-term performance goals as was the historic practice for the Company. Instead, measuring the change in stock price was determined to be the most appropriate way to hold management accountable for the success of Business Recovery and Transformation Plan. Any earned RSUs and MSUs are subject to 3-year pro rata vesting
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Long-Term Incentive Plan Changes Cash payouts on 2019 Executive Incentive Plan were delayed and payment will be in awards of stock rather than cash; Suspended the fiscal 2020 annual and long-term bonus plan in efforts to preserve liquidity and replaced the plans with a stock-based award. The Plan is made up of two equally weighted equity-based awards, performance-based Market Stock Units (MSU) and Restricted Stock Units (RSUs). MSUs are performance stock units, earned based on absolute stock price performance. The actual number of MSUs delivered is directly correlated to the absolute change in the Company’s stock price growth as measured on the first anniversary of grant. Given the uncertainty of the current environment, the Committee did not believe it feasible to establish long-term performance goals as was the historic practice for the Company. Instead, measuring the change in stock price was determined to be the most appropriate way to hold management accountable for the success of Business Recovery and Transformation Plan. Any earned RSUs and MSUs are subject to 3-year pro rata vesting
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary Compensation of the senior leadership team has been reduced by 50%
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary Compensation of the senior leadership team has been reduced by 50%
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay The Board of Directors has suspended 100% of Directors’ cash compensation for the remainder of the year
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Non-Executives: Suspended Raises and/or Bonuses Indefinite delay of any merit-based increases in salaries for fiscal 2020.
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Furlough of Employees All store employees have been placed on temporary furlough and store management and corporate staff have been reduced by nearly 90%
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Suspended Buyback Program Company has suspended its share repurchase program
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Executives: Suspended Raises and/or Bonuses Indefinite delay of any merit-based increases in salaries for fiscal 2020.
Dave & Buster’s Entertainment, Inc. $1,355 Public: S&P 600 Consumer Services Suspended or Reduced Dividend Payments The board has suspended the Company’s quarterly dividend for the last three quarters of 2020
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The compensation committee has selected a relative total shareholder return (TSR) metric to be measured over a multi-year performance period through 2022 for PSU awards
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary Executive salaries reduced 20%
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary Executive salaries reduced 20%
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay Reduced cash retainer 20%
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Reduced Workforce Reduced staff and furloughed employees
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Furlough of Employees Reduced staff and furloughed employees
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Suspended Buyback Program Suspended share repurchase program
Red Robin Gourmet Burgers, Inc. $971 Public: S&P 600 Consumer Services Expanded Benefits Programs Implemented emergency sick pay for hourly Team Members
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Annual Incentive Plan Changes In consideration of the reduced cash compensation resulting from the Pay Reductions, on September 4, 2020, the Board approved special fully-vested restricted stock grants for executive officers and Restaurant Support Center employees affected by the Pay Reductions (the “Special Stock Grants”). The Special Stock Grants are in amounts designed to approximate the value of the foregone cash compensation resulting from the Pay Reductions. The Special Stock Grants will not exceed an aggregate of 25,000 shares of common stock
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary CEO has reduced his salary by 20% April through September. In consideration of the reduced cash compensation resulting from the Pay Reductions, on September 4, 2020, the Board approved special fully-vested restricted stock grants for executive officers and Restaurant Support Center employees affected by the Pay Reductions (the “Special Stock Grants”). The Special Stock Grants are in amounts designed to approximate the value of the foregone cash compensation resulting from the Pay Reductions. The Special Stock Grants will not exceed an aggregate of 25,000 shares of common stock
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary NEO salaries have been reduced by 20% April through September. In consideration of the reduced cash compensation resulting from the Pay Reductions, on September 4, 2020, the Board approved special fully-vested restricted stock grants for executive officers and Restaurant Support Center employees affected by the Pay Reductions (the “Special Stock Grants”). The Special Stock Grants are in amounts designed to approximate the value of the foregone cash compensation resulting from the Pay Reductions. The Special Stock Grants will not exceed an aggregate of 25,000 shares of common stock
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay Cash retainer fees for the board have been reduced by 20% April through September
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Non-Executives: Reduced Pay April through September, Restaurant Support Center employees who have salaries over $100,000, salaries will be reduced by 10% to 20%, increasing on a sliding scale as base salaries increase. In consideration of the reduced cash compensation resulting from the Pay Reductions, on September 4, 2020, the Board approved special fully-vested restricted stock grants for executive officers and Restaurant Support Center employees affected by the Pay Reductions (the “Special Stock Grants”). The Special Stock Grants are in amounts designed to approximate the value of the foregone cash compensation resulting from the Pay Reductions. The Special Stock Grants will not exceed an aggregate of 25,000 shares of common stock
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Reduced Workforce BJ’s Restaurants is laying off about 16,000 workers
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Furlough of Employees Furlough approximately 200 restaurant managers and approximately 40 Restaurant Support Center employees effective April 17 and employees will continue to be participants in the Company’s benefits program through June 30. The Company will continue to pay the employer portion of their benefits through this date
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Suspended Buyback Program Suspended current share repurchase activity
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Delay of Annual Meeting As a result of restrictions and other uncertainties arising from the COVID-19 pandemic, the date for our 2020 Annual Meeting was delayed from June 2020 to September 2, 2020. We expect our 2021 Annual Meeting will return to its traditional date and will be held in early June 2021 and the deadlines for notice of shareholder proposals and nominations described above shall apply.
BJ’s Restaurants, Inc. $779 Public: S&P 600 Consumer Services Suspended or Reduced Dividend Payments Suspended future quarterly dividends until the significant uncertainty of the current situation has passed
Dine Brands Global, Inc. $721 Public: S&P 600 Consumer Services Furlough of Employees Temporary furlough of certain team members across various functional groups. The Corporation will continue to provide medical, dental and vision benefits for furloughed team members and is temporarily waiving the obligation of such team members to pay a portion of the premium for such benefits
Dine Brands Global, Inc. $721 Public: S&P 600 Consumer Services Suspended Buyback Program Terminated all outstanding orders for repurchases of its common stock in the open market
Dine Brands Global, Inc. $721 Public: S&P 600 Consumer Services Suspended or Reduced Dividend Payments Announced April 29 that it temporarily suspended its quarterly cash dividend
Regis Corporation $670 Public: S&P 600 Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Annual Incentive payouts will be deferred until December 2020 and are be conditioned upon each executive remaining employed through the payment date; Each NEO will receive a payout of at least 100% of target for the individual performance metric due to management’s ability to pivot in response to COVID-19 challenges
Regis Corporation $670 Public: S&P 600 Consumer Services Long-Term Incentive Plan Changes Did not grant equity in 2020
Regis Corporation $670 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary Base salary payments were reduced by 60% for the CEO effective in April 2020; Full base salary payments were reinstated June 1, 2020 when the furlough of many of the Company’s employees concluded
Regis Corporation $670 Public: S&P 600 Consumer Services Executives: Reduced CEO Incentive Compensation The Committee approved payouts of annual cash incentives for our NEOs, other than CEO who declined a bonus opportunity for fiscal 2020
Regis Corporation $670 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary Each NEO’s base salary payments were reduced by 30% effective in April 2020; The reduction for the NEOs other than the CEO changed to 25% effective in mid-April 2020 in recognition of the significant efforts of the management team to manage the business during the pandemic; Full base salary payments were reinstated June 1, 2020 when the furlough of many of the Company’s employees concluded; Base salaries used to calculate target bonus payouts were based on base salary rates in effect during fiscal 2020, and were not reduced by the amount of base salary payment reduction in effect for a portion of fiscal 2020 in response to the COVID-19 pandemic
Regis Corporation $670 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay The directors also waived 100% of cash fees for the third quarter of fiscal 2020
Regis Corporation $670 Public: S&P 600 Consumer Services Non-Executives: Reduced Pay COVID-19 is having, and will continue to have, an adverse impact on our operations, including the reductions in the pay for executives and other working employees; Full base salary payments were reinstated June 1, 2020 when the furlough of many of the Company’s employees concluded; Base salaries used to calculate target bonus payouts were based on base salary rates in effect during fiscal 2020, and were not reduced by the amount of base salary payment reduction in effect for a portion of fiscal 2020 in response to the COVID-19 pandemic
Regis Corporation $670 Public: S&P 600 Consumer Services Furlough of Employees COVID-19 is having, and will continue to have, an adverse impact on our operations, including the implementation of a furlough program for a substantial majority of our workforce across our corporate office, field support and distribution centers; Effective June 1, 2020 the furlough of many of the Company’s employees concluded
Fiesta Restaurant Group, Inc. $565 Public: S&P 600 Consumer Services Non-Executives: Additional Payments for On-Site Employees Offered additional bonus incentives during the crisis of $1 per hour for all hourly employees and a special incentive for store supervisors and management who are taking risks to serve our customers
Fiesta Restaurant Group, Inc. $565 Public: S&P 600 Consumer Services Reduced Workforce In early April, a total of 168 office and field personnel were terminated or furloughed
Fiesta Restaurant Group, Inc. $565 Public: S&P 600 Consumer Services Furlough of Employees In early April, a total of 168 office and field personnel were terminated or furloughed
Fiesta Restaurant Group, Inc. $565 Public: S&P 600 Consumer Services Expanded Benefits Programs Additional, enhanced hourly employee health benefit programs were announced in May
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary Salary reductions have been taken across all executives and Home Office employees
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary Salary reductions have been taken across all executives and Home Office employees
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay Board of Directors cash compensation has been deferred 100% in April. In June, changed director compensation to be 100% equity instead of 50% cash and 50% equity as of the second quarter to the first quarter of 2021; the deferred cash amount from Q1 will be paid in equity along with the annual service award
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Non-Executives: Reduced Pay Salary reductions have been taken across all executives and Home Office employees
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Non-Executives: One-Time Bonus Second quarter bonuses were guaranteed at a minimum of 10% of salary for all active Shack managers; guaranteed 10% bonuses will continue in the third quarter
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Non-Executives: Additional Payments for On-Site Employees Effective April 23, as a thank you to the Shack team, the Company extended a 10% premium pay raise to all hourly employees that is expected to continue through at least July 22; On July 30, 2020 announced 10% premium pay will continue into the third quarter
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Furlough of Employees Approximately 20% of existing Home Office headcount has been furloughed or laid off
Shake Shack Inc. $517 Public: S&P 600 Consumer Services Expanded Benefits Programs Any employee diagnosed with COVID-19 will be fully paid for two weeks while they are out of work, and is eligible to continue to receive pay through the company’s short-term disability plan which available to all employees
Chuy’s Holdings, Inc. $344 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary Pay temporarily reduced 75%
Chuy’s Holdings, Inc. $344 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary Corporate and administrative staff, including senior management and other salaried employees, will have their pay temporarily reduced by 25% to 75%
Chuy’s Holdings, Inc. $344 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay 100% of board fees temporarily suspended for duration of crisis
Chuy’s Holdings, Inc. $344 Public: S&P 600 Consumer Services Non-Executives: Reduced Pay Corporate and administrative staff, including senior management and other salaried employees, will have their pay temporarily reduced by 25% to 75%
Chuy’s Holdings, Inc. $344 Public: S&P 600 Consumer Services Furlough of Employees Placed approximately 40% of corporate and administrative staff on furlough
Chuy’s Holdings, Inc. $344 Public: S&P 600 Consumer Services Suspended Buyback Program Suspended share repurchase activity
Ruth’s Hospitality Group, Inc. $335 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary Lastly, the CEO and the other members of the executive team have elected to reduce their 2020 base salaries effective March 30, 2020; restored salaries of the CEO and other NEOs effective August 3, 2020; Effective October 28, the Board of Directors approved a one-time repayment to the CEO and NEOs equaling to the amount reduced during the temporary reduction period
Ruth’s Hospitality Group, Inc. $335 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary Lastly, the CEO and the other members of the executive team have elected to reduce their 2020 base salaries effective March 30, 2020; restored salaries of the CEO and other NEOs effective August 3, 2020; Effective October 28, the Board of Directors approved a one-time repayment to the CEO and NEOs equaling to the amount reduced during the temporary reduction period
Ruth’s Hospitality Group, Inc. $335 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay Annual cash retainer fees suspended 100%; restored cash retainer fees of the Board of Directors effective August 3, 2020; the Board of Directors chose to forgo their repayment of the amount that was reduced for the temporary period
Ruth’s Hospitality Group, Inc. $335 Public: S&P 600 Consumer Services Non-Executives: Reduced Pay Reducing base salaries of all non-furloughed team members effective March 30, 2020; Restored salaries of the CEO and other NEOs effective August 3, 2020; On October 28, 2020, the Company approved a one-time repayment to the non-furloughed employees equaling an amount that was reduced during the temporary reduction period
Ruth’s Hospitality Group, Inc. $335 Public: S&P 600 Consumer Services Furlough of Employees Ruth’s Chris has also made significant reductions in ongoing operating expenses, including furloughing a significant number of field and home office team members, reducing base salaries of all non-furloughed team members and reevaluating other operating costs as opportunities arise
Ruth’s Hospitality Group, Inc. $335 Public: S&P 600 Consumer Services Suspended Buyback Program Company has suspended its share repurchase program
Ruth’s Hospitality Group, Inc. $335 Public: S&P 600 Consumer Services Suspended or Reduced Dividend Payments Suspended quarterly dividend
Monarch Casino & Resort, Inc. $184 Public: S&P 600 Consumer Services Executives: Reduced CEO Base Salary CEO base salary reduced by 100%
Monarch Casino & Resort, Inc. $184 Public: S&P 600 Consumer Services Executives: Reduced Other Executive Base Salary Executive Management Teams’ base salaries reduced by 50%
Monarch Casino & Resort, Inc. $184 Public: S&P 600 Consumer Services Board of Directors: Reduced Pay Director cash fees reduced by 50%
Monarch Casino & Resort, Inc. $184 Public: S&P 600 Consumer Services Furlough of Employees Our entire team received two weeks of regular pay after our operations were suspended and subsequently all team members not working were placed on unpaid furlough, while keeping their employee benefits
PennyMac Mortgage Investment Trust $1,408 Public: S&P 600 Diversified Financials Suspended or Reduced Dividend Payments Company has reduced its quarterly dividend payment from $0.47 per share to $0.25 per share; restored back to pre-COVID levels
Piper Sandler Companies $1,238 Public: S&P 600 Diversified Financials Executives: Reduced CEO Base Salary Reducing all NEO salaries for 2020 to $150K annualized as of May 2020
Piper Sandler Companies $1,238 Public: S&P 600 Diversified Financials Executives: Reduced Other Executive Base Salary Reducing all NEO salaries for 2020 to $150K annualized as of May 2020
EZCORP, Inc. $823 Public: S&P 600 Diversified Financials Suspended Buyback Program On March 20, 2020, the company suspended further repurchases
World Acceptance Corporation $590 Public: S&P 600 Diversified Financials Furlough of Employees Headcount as of June 30, 2020, decreased 7.0% compared to June 30, 2019, primarily driven by furloughs during the quarter
Ready Capital Corporation $349 Public: S&P 600 Diversified Financials Annual Incentive Plan Changes Revised current, in-process incentive plan – the Compensation Committee, our board of directors and our Manager decided to postpone the implementation of the annual cash incentive bonus plan for 2020 as originally contemplated. The Compensation Committee and our Manager intend to instead provide annual cash incentive bonuses based on revised metrics tied to an assessment of the performance of our Chief Financial Officer and our Chief Operating Officer and other members of our Manager’s senior management team in steering our company though the COVID-19 crisis, in positioning us for the next phase in our business life after the country emerges from this crisis and other factors determined in the future by the Compensation Committee and our Manager
Ready Capital Corporation $349 Public: S&P 600 Diversified Financials Suspended or Reduced Dividend Payments Paying up to 20% of dividend in cash and the remainder in form of common stock
Greenhill & Co., Inc. $296 Public: S&P 600 Diversified Financials Long-Term Incentive Plan Changes Revised current, in-process incentive plan – CEO requested that his PRSU be eliminated and that his RSU awards be reduced from the initial proposal. This, along with other changes in Mr. Bok’s compensation, results in a decrease in compensation by approximately 35% from 2018
Greenhill & Co., Inc. $296 Public: S&P 600 Diversified Financials Executives: Reduced CEO Incentive Compensation CEO requested that his PRSU be eliminated and that his RSU awards be reduced from the initial proposal. This, along with other changes in Mr. Bok’s compensation, results in a decrease in compensation by approximately 35% from 2018
New York Mortgage Trust, Inc. $136 Public: S&P 600 Diversified Financials Suspended or Reduced Dividend Payments Company has suspended its quarterly cash dividend payments
Granite Point Mortgage Trust Inc. $65 Public: S&P 600 Diversified Financials Suspended or Reduced Dividend Payments Company has suspended its first quarter 2020 dividend payment
PBF Energy Inc. $15,116 Public: S&P 600 Energy Executives: Reduced CEO Base Salary For 2020, CEO salary reduced 67%
PBF Energy Inc. $15,116 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Executive Leadership salaries reduced 50% for 2020 and more than 50% of corporate and non-represented employees have reduced their salaries
PBF Energy Inc. $15,116 Public: S&P 600 Energy Board of Directors: Reduced Pay Board compensation reduced by 50% for 2020
PBF Energy Inc. $15,116 Public: S&P 600 Energy Non-Executives: Reduced Pay Executive Leadership salaries reduced 50% for 2020 and more than 50% of corporate and non-represented employees have reduced their salaries
PBF Energy Inc. $15,116 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Company has suspended their quarterly dividend payments until further notice
Par Pacific Holdings, Inc. $3,125 Public: S&P 600 Energy Executives: Reduced CEO Base Salary CEO reduced salary 75% for the remainder of 2020
Par Pacific Holdings, Inc. $3,125 Public: S&P 600 Energy Board of Directors: Reduced Pay Board of Directors reduced their cash salaries by 75% for the remainder of 2020
Par Pacific Holdings, Inc. $3,125 Public: S&P 600 Energy Furlough of Employees Furloughed 29 employees
Nabors Industries Ltd. $2,134 Public: S&P 600 Energy Executives: Reduced CEO Base Salary CEO salary reduced 20%
Nabors Industries Ltd. $2,134 Public: S&P 600 Energy Board of Directors: Reduced Pay Annual retainer reduced 20%
Nabors Industries Ltd. $2,134 Public: S&P 600 Energy Non-Executives: Reduced Pay 10% salary reductions for U.S., corporate and expatriate employees with base salaries exceeding $100,000
Nabors Industries Ltd. $2,134 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Suspended dividend on common shares
Oceaneering International, Inc. $1,828 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Reduced CEO salary by 15% until further notice
Oceaneering International, Inc. $1,828 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Reduced NEO salaries by 10% until further notice
Oceaneering International, Inc. $1,828 Public: S&P 600 Energy Board of Directors: Reduced Pay Reduced Director compensation by 20% for the third and fourth quarter of 2020
Helmerich & Payne, Inc. $1,774 Public: S&P 600 Energy Annual Incentive Plan Changes Revised go forward incentive plan – Performance under the STI Plan for fiscal year 2021 will be based on two six-month measurement periods, which allows the Company to more effectively establish performance goals under the plan. Performance criteria will be established at the beginning of each six-month performance period. The Committee may increase or decrease any bonus due to a named executive officer by up to 25% based upon the Committee’s evaluation of individual performance objectives, although the Committee no longer has the discretion to increase or decrease the bonus by up to 100% based on the Committee’s overall assessment of the achievement of strategic objectives; While bonuses for financial performance will be determined for each of the two six month periods, no bonuses will be paid until after the end of fiscal year 2021. Bonuses for operational and strategic objectives will be determined based on full year performance
Helmerich & Payne, Inc. $1,774 Public: S&P 600 Energy Long-Term Incentive Plan Changes Revised go forward incentive plan – The comparative peer group for purposes of evaluating relative TSR was changed from the Compensation Peer Group to a group of 23 oil and gas equipment and services companies, and drilling companies included in the S&P 1500. Given current and expected volatility in the industry, the Committee determined that using a larger group for purposes of evaluating relative TSR performance was more appropriate. In addition, in response to market conditions and based on our annual equity run-rate, and equity plan share reserve, the value of the fiscal year 2021 equity awards to our named executive officers was reduced by 8-10% from fiscal year 2020 grant levels
Helmerich & Payne, Inc. $1,774 Public: S&P 600 Energy Executives: Suspended Raises and/or Bonuses Given the challenging industry conditions as described on page 39, in December 2020, the Committee determined that there would be no salary increases to 2021 base salary levels from 2020 levels for our named executive officers
Helmerich & Payne, Inc. $1,774 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Reduced March 23, 2020 dividend payment from $0.71 to $0.25 per share
PDC Energy, Inc. $1,339 Public: S&P 600 Energy Executives: Reduced CEO Base Salary 15% salary reduction for Senior Management team
PDC Energy, Inc. $1,339 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary 15% salary reduction for Senior Management team
PDC Energy, Inc. $1,339 Public: S&P 600 Energy Board of Directors: Reduced Pay 15% reduction in compensation
PDC Energy, Inc. $1,339 Public: S&P 600 Energy Non-Executives: Reduced Pay Tiered pay cuts for many of the remaining employees
PDC Energy, Inc. $1,339 Public: S&P 600 Energy Reduced Workforce Reduction in force implemented
PDC Energy, Inc. $1,339 Public: S&P 600 Energy Suspended Buyback Program Further repurchases pursuant to the program have been suspended
Exterran Corporation $1,160 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Adjusting our cost structure where necessary, including reducing CEO salary
Exterran Corporation $1,160 Public: S&P 600 Energy Board of Directors: Reduced Pay Adjusting our cost structure where necessary, including reducing Board compensation
Patterson-UTI Energy, Inc. $1,124 Public: S&P 600 Energy Annual Incentive Plan Changes Revised current, in-process incentive plan – Used the following metrics for the 2020 annual cash bonus plan that were specifically designed to drive performance in 2020 in light of the current market challenges: (i) a targeted Adjusted EBITDA that would result in a company-wide positive cash flow number, (ii) safety performance, (iii) targeted operating cash flow from our drilling business and (iv) a 60% overall reduction in capital expenditures
Patterson-UTI Energy, Inc. $1,124 Public: S&P 600 Energy Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Added a performance condition to the 2020 performance units that requires Patterson-UTI’s total stockholder return to be equal to or greater than the total return of the S&P 500 index during the three-year performance period in addition to a relative performance test against our peer group
Patterson-UTI Energy, Inc. $1,124 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Reducing executive group compensation for 2020 by more than 50%
Patterson-UTI Energy, Inc. $1,124 Public: S&P 600 Energy Executives: Reduced CEO Incentive Compensation Reduced the target LTI value for the 2020 grants by approximately 75% relative to 2019 target LTI value in recognition of the significant decline in our stock price
Patterson-UTI Energy, Inc. $1,124 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Reducing executive group compensation for 2020 by more than 50%
Patterson-UTI Energy, Inc. $1,124 Public: S&P 600 Energy Executives: Reduced Other Executive Incentive Reduced the target LTI value for the 2020 grants by approximately 75% relative to 2019 target LTI value in recognition of the significant decline in our stock price
SM Energy Company $1,080 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Temporary salary reduction of 20% effective April 15, 2020; possible additional salary reduction if business conditions do not improve
SM Energy Company $1,080 Public: S&P 600 Energy Executives: Reduced CEO Incentive Compensation CEO cash incentive reduced by 13%. Reduced LTI payout to 70% of target value for NEOs
SM Energy Company $1,080 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary May have a salary reduction if business conditions do not improve
SM Energy Company $1,080 Public: S&P 600 Energy Executives: Reduced Other Executive Incentive Reduced LTI payout to 70% of target value for NEOs
SM Energy Company $1,080 Public: S&P 600 Energy Board of Directors: Reduced Pay Reduced equity for non-employee directors and for Non-Executive Chairman by 30% for the 2019-2020 service period
SM Energy Company $1,080 Public: S&P 600 Energy Non-Executives: Suspended Raises and/or Bonuses Indefinite suspension of scheduled 2020 base salary increases for all employees
SM Energy Company $1,080 Public: S&P 600 Energy Executives: Suspended Raises and/or Bonuses Indefinite suspension of scheduled 2020 base salary increases for all employees
SM Energy Company $1,080 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Declared a semi-annual cash dividend of $0.01 per share to be paid on May 8, 2020
Callon Petroleum Company $1,033 Public: S&P 600 Energy Executives: Reduced CEO Base Salary CEO salary reduced 20%
Callon Petroleum Company $1,033 Public: S&P 600 Energy Executives: Reduced CEO Incentive Compensation CEO total target cash reduced 35%
Callon Petroleum Company $1,033 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Salary reduced 10% for VPs and 15% for SVPs
Callon Petroleum Company $1,033 Public: S&P 600 Energy Executives: Reduced Other Executive Incentive Executive officer total target cash reduced at least 25%
Callon Petroleum Company $1,033 Public: S&P 600 Energy Board of Directors: Reduced Pay Board agreed to reduce compensation 25%
Callon Petroleum Company $1,033 Public: S&P 600 Energy Furlough of Employees Reduce contracted crews working on its hydraulic-fracturing projects
U.S. Silica Holdings, Inc. $958 Public: S&P 600 Energy Executives: Reduced CEO Base Salary CEO base salary reduced by 20% until further notice
U.S. Silica Holdings, Inc. $958 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Company officers’ base salaries reduced by 20% until further notice
U.S. Silica Holdings, Inc. $958 Public: S&P 600 Energy Board of Directors: Reduced Pay Director salaries reduced by 20% until further notice
U.S. Silica Holdings, Inc. $958 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Suspending the company’s quarterly cash dividend until further notice
CONSOL Energy Inc. $891 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Temporarily suspend the quarterly cash distributions
Archrock, Inc. $875 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Reduced CEO base salary by 25%
Archrock, Inc. $875 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Reduced other executive base salaries by 10%
Archrock, Inc. $875 Public: S&P 600 Energy Board of Directors: Reduced Pay 25% reduction in all retainers paid to directors, including the base, chairman of the board and committee chair retainers, effective beginning with the payment for the second quarter of 2020
Matador Resources Company $851 Public: S&P 600 Energy Executives: Reduced CEO Base Salary CEO voluntarily reduced base salary by 25%
Matador Resources Company $851 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary The executive officers and Vice Presidents have agreed to reduce their base salaries by 20% and 10%, respectively
Matador Resources Company $851 Public: S&P 600 Energy Board of Directors: Reduced Pay The Board of Directors have agreed to a 25% reduction in compensation
Matador Resources Company $851 Public: S&P 600 Energy Non-Executives: Reduced Pay The staff is taking a 5% cut in pay
ProPetro Holding Corp. $789 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Officers and Directors have taken up to a 20% reduction in compensation
ProPetro Holding Corp. $789 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Officers and Directors have taken up to a 20% reduction in compensation
ProPetro Holding Corp. $789 Public: S&P 600 Energy Board of Directors: Reduced Pay Officers and Directors have taken up to a 20% reduction in compensation
Helix Energy Solutions Group, Inc. $734 Public: S&P 600 Energy Executives: Reduced CEO Base Salary 25% salary reduction for CEO effective June 1 through December 31
Helix Energy Solutions Group, Inc. $734 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary 10% salary reduction for NEOs effective June 1 through December 31
Helix Energy Solutions Group, Inc. $734 Public: S&P 600 Energy Board of Directors: Reduced Pay 20% annual board cash retainer and for the annual cash retainer paid to the Chairman of the Board decrease effective June 1 through December 31
QEP Resources, Inc. $724 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Company has suspended March 20, 2020 payment of $0.02 dividend
Laredo Petroleum, Inc. $677 Public: S&P 600 Energy Board of Directors: Reduced Pay On May 14, 2020, the non-employee directors of the Board agreed to a 20% reduction of their base compensation. Effective as of May 14, 2020, such director compensation will be paid 50% in the form of cash and 50% in the form of common stock of the Company
Laredo Petroleum, Inc. $677 Public: S&P 600 Energy Reduced Workforce Workforce reduction of 22 individuals
RPC, Inc. $598 Public: S&P 600 Energy Executives: Reduced CEO Base Salary All NEO salaries were reduced by 25%
RPC, Inc. $598 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary All NEO salaries were reduced by 25%
RPC, Inc. $598 Public: S&P 600 Energy Reduced Workforce Since March 31, RPC has reduced headcount by 25% through a combination of layoffs and furloughs
RPC, Inc. $598 Public: S&P 600 Energy Furlough of Employees Since March 31, RPC has reduced headcount by 25% through a combination of layoffs and furloughs
Core Laboratories N.V. $487 Public: S&P 600 Energy Executives: Reduced CEO Base Salary CEO salary reduced by 20% until further notice
Core Laboratories N.V. $487 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Senior executives’ salaries reduced by 20% until further notice
Core Laboratories N.V. $487 Public: S&P 600 Energy Reduced Workforce Reduction in workforce
Core Laboratories N.V. $487 Public: S&P 600 Energy Furlough of Employees Furloughs
Core Laboratories N.V. $487 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Company has reduced its quarterly dividend payment from $0.25 per share to $0.01 per share beginning the second quarter of 2020
Dril-Quip, Inc. $386 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Compensation curtailment throughout organization
Dril-Quip, Inc. $386 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Compensation curtailment throughout organization
Dril-Quip, Inc. $386 Public: S&P 600 Energy Board of Directors: Reduced Pay Compensation curtailment throughout organization
Dril-Quip, Inc. $386 Public: S&P 600 Energy Non-Executives: Reduced Pay Compensation curtailment throughout organization
DMC Global Inc. $229 Public: S&P 600 Energy Reduced Workforce 32% reduction in workforce, which primarily involved direct labor positions
DMC Global Inc. $229 Public: S&P 600 Energy Suspended or Reduced Dividend Payments Suspended quarterly dividends on April 23
Bonanza Creek Energy, Inc. $218 Public: S&P 600 Energy Executives: Reduced CEO Base Salary Salary reduction of 12.5% for CEO
Bonanza Creek Energy, Inc. $218 Public: S&P 600 Energy Executives: Reduced Other Executive Base Salary Salary reduction of 10% for all other executives
United Natural Foods, Inc. $26,514 Public: S&P 600 Food and Staples Retailing Executives: Granted Discretionary Award In September 2020, the Compensation Committee approved a PSU award to the Chief Legal Officer valued at $500,000 in recognition of her extraordinary performance during the year, including her oversight of the Company’s business continuity planning and risk and safety programs in response to the COVID-19 pandemic, making the safety and well-being of our associates a top priority. The award will vest at the end of a three-year performance period subject to achievement of a cumulative adjusted EBITDA target
SpartanNash Company $9,348 Public: S&P 600 Food and Staples Retailing Non-Executives: One-Time Bonus Appreciation bonuses for frontline workers
SpartanNash Company $9,348 Public: S&P 600 Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Additional $2 per hour for frontline workers
PriceSmart, Inc. $3,329 Public: S&P 600 Food and Staples Retailing Executives: Granted Discretionary Award In July 2020, the Compensation Committee made special restricted stock awards to the Named Executive Officers, with a 15-month vesting schedule, in recognition of the extraordinary efforts and sacrifices they made in leading the Company during the COVID-19 pandemic. These awards were extraordinary grants, which were not intended to be counted against executives’ target compensation or to offset the amount of their voluntary salary reductions. In addition, to recognize the CEO’s extraordinary efforts and achievements leading the Company through the COVID-19 pandemic, the Compensation Committee also awarded her a special bonus of $500K
PriceSmart, Inc. $3,329 Public: S&P 600 Food and Staples Retailing Executives: Reduced CEO Base Salary CEO salary reduced 30% for 3 months, to be reevaluated on or before July 31
PriceSmart, Inc. $3,329 Public: S&P 600 Food and Staples Retailing Executives: Reduced Other Executive Base Salary EVP salaries reduced 20% and SVP salaries reduced by 15% for 3 months, to be reevaluated on or before July 31
PriceSmart, Inc. $3,329 Public: S&P 600 Food and Staples Retailing Board of Directors: Reduced Pay Board of Directors voluntarily and unanimously decided to suspend 100% quarterly cash compensation for all non-employee directors serving on the Company’s Board of Directors for the calendar quarter ending June 30; in the first quarter of fiscal year 2021, the Board approved the restoration of their compensation for the quarter for which they had previously waived it
PriceSmart, Inc. $3,329 Public: S&P 600 Food and Staples Retailing Non-Executives: Reduced Pay Base salaries for U.S. employees below the Senior Vice President level with salaries in excess of $150,000 per year will be reduced by 12%; base salaries of employees based at the Company’s headquarters in San Diego, California earning in the range of $100,000 to $150,000 per year will be reduced by 10%; base salaries of employees based in Miami, Florida earning in the range of $80,000 to $150,000 per year will be reduced by 10%. Base salaries of employees earning below $100,000 in California or below $80,000 in Florida will not be subject to this pay reduction plan
PriceSmart, Inc. $3,329 Public: S&P 600 Food and Staples Retailing Non-Executives: One-Time Bonus Company paid a special bonus for all employees up to and including Senior Vice Presidents who had their salaries reduced
PriceSmart, Inc. $3,329 Public: S&P 600 Food and Staples Retailing Furlough of Employees Implementing temporary furloughs of approximately 80 employees in the United States, effective in May and currently estimated to last through July 31. The employees on temporary furloughs will not receive direct compensation from the Company but will continue to receive health, prescription, vision and dental benefits as well as life insurance coverage
The Chefs’ Warehouse, Inc. $1,112 Public: S&P 600 Food and Staples Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – The Committee exercised its discretionary authority under the 2020 Cash Incentive Plan to pay it at 50% of target based on considerations in addition to the revenue and AEBITDA performance measures included in the 2020 AIP. In exercising its discretion, the Committee took into account a variety of actions taken by management in 2020, including cash flow and liquidity preservation, adapted distribution and a new B2C distribution channel, the enabling of efficient remote work and frontline team safety, organizational enhancements to build the team of the future, and public policy efforts and engagement to support the restaurant industry
The Chefs’ Warehouse, Inc. $1,112 Public: S&P 600 Food and Staples Retailing Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Committee certified performance achievement at 83% of target under 2018 PRSA awards granted during fiscal year 2018 based on achievement of 100% for fiscal years 2018 and 2019 and 50% for fiscal year 2020. In making the determination for fiscal year 2020, the Committee used the same discretionary performance factors as were used in determining the 2020 AIP payout, in addition to the ROIC and EBITDA margin targets included in the PRSAs. The Committee cancelled 70% of the PRSAs granted to the NEOs in fiscal year 2019 (the portions related to AEBITDA and ROIC) and all of the PRSAs granted in fiscal year 2020. The Committee certified performance at target for 30% of the PRSAs granted in 2019 (the portion related to share price), which will vest at the end of fiscal year 2021, subject to satisfaction of the applicable service-based conditions until such time. The Committee may consider these cancelled PRSAs when making determinations for 2021 performance-based equity awards
The Chefs’ Warehouse, Inc. $1,112 Public: S&P 600 Food and Staples Retailing Executives: Reduced CEO Base Salary Effective December 26, 2020 (the first day of fiscal year 2021), the base salaries of the Company’s NEOs will be restored to the base salaries in place prior to March 23, 2020, which were reduced 50% by the Board
The Chefs’ Warehouse, Inc. $1,112 Public: S&P 600 Food and Staples Retailing Executives: Reduced Other Executive Base Salary Effective December 26, 2020 (the first day of fiscal year 2021), the base salaries of the Company’s NEOs will be restored to the base salaries in place prior to March 23, 2020, which were reduced 50% by the Board
Coca-Cola Consolidated, Inc. $4,908 Public: S&P 600 Food, Beverage and Tobacco Furlough of Employees Beginning on April 20, approximately 700 employees (representing less than 5% of our approximately 17,000 current employees) will be furloughed through June 21. During that time, furloughed employees will not receive salaries, but will continue to be provided with health care benefits
Coca-Cola Consolidated, Inc. $4,908 Public: S&P 600 Food, Beverage and Tobacco Expanded Benefits Programs Offered our teammates 40 hours of supplemental sick time for non-exempt teammates
Vector Group Ltd. $1,429 Public: S&P 600 Food, Beverage and Tobacco Executives: Reduced CEO Base Salary Beginning in April 2020, we made significant operating adjustments at Douglas Elliman, including a reduction of all other salaries by approximately 15%
Vector Group Ltd. $1,429 Public: S&P 600 Food, Beverage and Tobacco Executives: Reduced Other Executive Base Salary Beginning in April 2020, we made significant operating adjustments at Douglas Elliman, including a reduction of all other salaries by approximately 15%
Vector Group Ltd. $1,429 Public: S&P 600 Food, Beverage and Tobacco Non-Executives: Reduced Pay Beginning in April 2020, we made significant operating adjustments at Douglas Elliman, including a reduction of all other salaries by approximately 15%
Vector Group Ltd. $1,429 Public: S&P 600 Food, Beverage and Tobacco Reduced Workforce Beginning in April 2020, we made significant operating adjustments at Douglas Elliman, including a reduction of staff by approximately 25%
J & J Snack Foods Corp. $1,022 Public: S&P 600 Food, Beverage and Tobacco Executives: Reduced CEO Base Salary CEO gave up his remaining salary for the year 2020 beginning in April 2020 in light of the global COVID-19 pandemic
John B. Sanfilippo & Son, Inc. $880 Public: S&P 600 Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees During fiscal year 2020, the company paid additional wages to many of its hourly and salaried employees as a result of the impact of COVID-19
Community Health Systems, Inc. $11,789 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced 25% for the remainder of 2020
Community Health Systems, Inc. $11,789 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO, corporate officer, and regional presidents’ salaries reduced 10% for the remainder of 2020.
Community Health Systems, Inc. $11,789 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay 25% reduction of the annual cash stipend otherwise payable to such directors in 2020.
Community Health Systems, Inc. $11,789 Public: S&P 600 Health Care Equipment and Services Expanded Benefits Programs Expanded paid time off and health benefits for employees
Covetrus, Inc. $4,225 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Executive compensation reductions
Covetrus, Inc. $4,225 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Executive compensation reductions
Covetrus, Inc. $4,225 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Board compensation reductions
Covetrus, Inc. $4,225 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Employee furloughs
The Ensign Group, Inc. $2,403 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Effective April 1, Chairman salary reduced 40%
The Ensign Group, Inc. $2,403 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Effective April 1, Chairman salary reduced 40%, Pres. & COO salary reduced 20%, and other NEO salaries reduced 12.5%
The Ensign Group, Inc. $2,403 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Board of Directors’ compensation has been reduced effective April 1 by 20% for cash retainers and 40% for equity compensation
The Ensign Group, Inc. $2,403 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Selective furloughs for non-clinical workers
MEDNAX, Inc. $1,734 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO currently receives $1 and will continue to receive as such as executive salaries as reduced 100%
MEDNAX, Inc. $1,734 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary CFO, GC, CAO, and CSO will forgo 50% of their annual base salary for the period April 1 through June 30, which may be extended by mutual agreement between the Company and such executive. Senior leadership team agreed to forgo portions of their annual base salaries for the period April 1 through June 30, and the Company anticipates that additional members of its senior leadership team will also agree to such reductions, retroactive to April 1
MEDNAX, Inc. $1,734 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Agreed to forgo 100% annual cash retainer and cash meeting payments until such fees are reinstated by the Board
MEDNAX, Inc. $1,734 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Implemented furloughs for non-clinical employees
MEDNAX, Inc. $1,734 Public: S&P 600 Health Care Equipment and Services Delay of Annual Meeting Rescheduled annual meeting from August 11, 2020 to late-August 2020
Allscripts Healthcare Solutions, Inc. $1,676 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary In April 2020, we implemented cost actions that included headcount reductions and temporary salary measures
Allscripts Healthcare Solutions, Inc. $1,676 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary In April 2020, we implemented cost actions that included headcount reductions and temporary salary measures
Allscripts Healthcare Solutions, Inc. $1,676 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay In April 2020, we implemented cost actions that included headcount reductions and temporary salary measures
Allscripts Healthcare Solutions, Inc. $1,676 Public: S&P 600 Health Care Equipment and Services Reduced Workforce In April 2020, we implemented cost actions that included headcount reductions and temporary salary measures
R1 RCM Inc. $1,271 Public: S&P 600 Health Care Equipment and Services Non-Executives: One-Time Bonus Appreciation bonuses were paid to front-line workers
RadNet, Inc. $1,090 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary NEO salaries reduced 50%; Restored the wages of employees who took pay reductions as of August 1, 2020
RadNet, Inc. $1,090 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO salaries reduced 50%; Restored the wages of employees who took pay reductions as of August 1, 2020
RadNet, Inc. $1,090 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay All members of the Board of Directors voluntarily agreed to reduce their director cash compensation by 50%
RadNet, Inc. $1,090 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay EVP salaries reduced 50%; VP and SVP salaries reduced 25%. Substantially reducing other employee compensation through salary cuts; Restored the wages of employees who took pay reductions as of August 1, 2020
RadNet, Inc. $1,090 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Substantially reducing employee compensation through reducing hours, furloughs and salary cuts; As of August 10, 2020 2,500 of 3,600 furloughed employees have been brought back
Hanger, Inc. $1,025 Public: S&P 600 Health Care Equipment and Services Long-Term Incentive Plan Changes Shortened performance period of 2017 Special Equity Plan by 3 months (to 33 months from 36 Months) to omit the impact of the pandemic
Hanger, Inc. $1,025 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Salary reduced 100% up to, but not exceeding, October 2; partial reinstatements to salaries were made in June, July, and the end of the third quarter
Hanger, Inc. $1,025 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEO salaries reduced 47%-75% up to, but not exceeding, October 2. Remaining senior leadership teams’ salaries reduced for undefined amount; partial reinstatements to salaries were made in June, July, and the end of the third quarter
Hanger, Inc. $1,025 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Each of the members of our Board of Directors has agreed to forego 100% of the quarterly installments of their annual cash retainer during the period from April 4, 2020 up to, but not exceeding October 2, 2020
Hanger, Inc. $1,025 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay Beginning in April 2020, in response to the COVID-19 pandemic, the Company implemented a broad number of cost reduction measures, and salaries for exempt employees were initially reduced by an average of 32 percent in April 2020. As volumes began to improve, one-third of this reduction was reinstated in June 2020, a further one-third was reinstated during July 2020, and the final outstanding 11 percent reduction in wages was reinstated at the end of the third quarter
Hanger, Inc. $1,025 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Furloughed employees in March; The Company also commenced the gradual reduction of employee furloughs in June 2020 and completed the majority of these temporary furloughs at the end of the third quarter of 2020
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Annual Incentive Plan Changes Adjusted 2020 goals will be based 100% on cost savings & revenue from COVID-19 related product sales; widened performance curve; maximum payout capped at target levels
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Long-Term Incentive Plan Changes Reduced performance equity vehicle target & threshold; capped payout at target
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced by undisclosed amount
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Incentive Compensation Lowered target bonus amounts for each of the participating executives by 5% for 2020
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Executive officers’ salaries reduced by undisclosed amount
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Incentive Lowered target bonus amounts for each of the participating executives by 5% for 2020
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay Salary reductions for most non-production employees
Merit Medical Systems, Inc. $964 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Furloughed certain employees
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary In April, NEO salaries deferred 20% for at least six months; On May 15, NEOs decided to reduce their salaries by 10% for three months beginning May 1st instead of deferring 20% for six months
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Incentive Compensation NEO 2019 cash bonuses reduced 100% for at least six months
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary In April, NEO salaries deferred 20% for at least six months; On May 15, NEOs decided to reduce their salaries by 10% for three months beginning May 1st instead of deferring 20% for six months
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Incentive NEO 2019 cash bonuses reduced 100% for at least six months
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Non-Executives: Suspended Raises and/or Bonuses Froze any salary increase in 2020 for at least six months
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Implemented furloughs
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Executives: Suspended Raises and/or Bonuses Froze any salary increase in 2020 for at least six months
Invacare Corporation $851 Public: S&P 600 Health Care Equipment and Services Suspended or Reduced Dividend Payments Board of Directors decided to suspend quarterly dividend on common shares
Cross Country Healthcare, Inc. $836 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Board of Directors approved a 10% reduction in the CEO’s base salary effective on May 1, 2020 until 12/31/20; will not impact short-term incentives
Cross Country Healthcare, Inc. $836 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Board of Directors approved a 10% reduction in the cash compensation of the independent members of the company’s Board of Directors, effective on May 1, 2020
Varex Imaging Corporation $738 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary has been reduced by 30% until September 25, 2020
Varex Imaging Corporation $738 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEOs, SVPs, and VPs will take a 20% salary reduction until September 25, 2020
Varex Imaging Corporation $738 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay The annual cash retainer for the board will be reduced by 30% for the second half of 2020
Varex Imaging Corporation $738 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay Director-level employees will have their salaries reduced by 15% until September 25, 2020
Varex Imaging Corporation $738 Public: S&P 600 Health Care Equipment and Services Suspended 401(k) Match Company has suspended contributions to their 401(K) matching program
Varex Imaging Corporation $738 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Non-production related employees are forced to take two weeks of unpaid vacation
CorVel Corporation $592 Public: S&P 600 Health Care Equipment and Services Long-Term Incentive Plan Changes Outstanding performance stock options granted in 2018 and 2019, including those granted to the Company’s officers, have been adjusted downward for the target EPS amounts for calendar year 2020
CorVel Corporation $592 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Outgoing CEO voluntarily reduced his base salary to an amount just covering the cost of Company-provided health and welfare benefits
CorVel Corporation $592 Public: S&P 600 Health Care Equipment and Services Reduced Workforce Implemented a 10% reduction in headcount that began late in the March 2020 quarter and continued through the June 2020 quarter
CorVel Corporation $592 Public: S&P 600 Health Care Equipment and Services Suspended Buyback Program Temporarily suspended share repurchases under our stock repurchase program, from March 21 through June 14, 2020
NextGen Healthcare, Inc. $540 Public: S&P 600 Health Care Equipment and Services Non-Executives: One-Time Bonus The Compensation Committee considered the cost of a supplemental broad-based bonus payment that the Company had made to its non-NEO employees under a separate non-NEO employee cash bonus plan to partially offset the effect on their formulaic bonus payments of the EPS lost
Tivity Health, Inc. $438 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduction of base salaries for highly compensated employees for approximately four months
Tivity Health, Inc. $438 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Reduction of base salaries for highly compensated employees for approximately four months
Tivity Health, Inc. $438 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Reduction of board cash compensation
Tivity Health, Inc. $438 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay Reduction of base salaries for highly compensated employees for approximately four months
Tivity Health, Inc. $438 Public: S&P 600 Health Care Equipment and Services Furlough of Employees Initiated cost reductions including the furlough of 13% of the workforce
U.S. Physical Therapy, Inc. $423 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO’s salary was reduced by 40%
U.S. Physical Therapy, Inc. $423 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary The President’s salary was reduced by 35% and the salaries of other executives were reduced by 30%
U.S. Physical Therapy, Inc. $423 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Quarterly retainer fees, committee chairman fees, and committee meeting fees reduced 50%
U.S. Physical Therapy, Inc. $423 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay In our corporate office, we have made across the board salary reductions of from 20% to 25%; In addition, many of our clinic partnerships have made similar salary reductions
U.S. Physical Therapy, Inc. $423 Public: S&P 600 Health Care Equipment and Services Furlough of Employees We have furloughed or terminated approximately 1,500 employees across the company to date
Orthofix Medical Inc. $410 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Implementing temporary salary reductions for salaried U.S. employees on an escalating scale with the largest impact at the executive and Board of Directors level. The Company anticipates these reductions will be for at least an eight week period commencing in April
Orthofix Medical Inc. $410 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Implementing temporary salary reductions for salaried U.S. employees on an escalating scale with the largest impact at the executive and Board of Directors level. The Company anticipates these reductions will be for at least an eight week period commencing in April
Orthofix Medical Inc. $410 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Implementing temporary salary reductions for salaried U.S. employees on an escalating scale with the largest impact at the executive and Board of Directors level. The Company anticipates these reductions will be for at least an eight week period commencing in April
Orthofix Medical Inc. $410 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay Further, as precautionary measures to increase the Company’s cash position and preserve financial flexibility in view of the current uncertainty resulting from the COVID-19 pandemic, the Company initiated temporary salary reductions for U.S. employees
Orthofix Medical Inc. $410 Public: S&P 600 Health Care Equipment and Services Suspended 401(k) Match Further, as precautionary measures to increase the Company’s cash position and preserve financial flexibility in view of the current uncertainty resulting from the COVID-19 pandemic, the Company suspended the Company’s 401(k) match program until September 30, 2020.
Lantheus Holdings, Inc. $335 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO, has voluntarily elected to forgo 100% of his base salary
Lantheus Holdings, Inc. $335 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary The President, has voluntarily elected to take a 30% reduction in his base salary; The CFO Officer and the Chief Digital & Information Officer have voluntarily elected to take a 25% reduction in their base salaries
Lantheus Holdings, Inc. $335 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Waived 35% of annual cash retainer fees, beginning with the next quarterly fee payment and elected to receive all remaining compensation payable in 2020 in RSUs that will be granted quarterly
Lantheus Holdings, Inc. $335 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay The base salaries of other members of senior management were reduced in graduated amounts
Lantheus Holdings, Inc. $335 Public: S&P 600 Health Care Equipment and Services Delay of Annual Meeting Delayed M&A meeting from April 28 to June 16 on April 2
Tabula Rasa HealthCare, Inc. $297 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduction of 50% in the base salary of the CEO for the period between October 26, 2020 and December 31, 2020; granted awards of restricted stock in lieu of the reduced base salary amount
Tabula Rasa HealthCare, Inc. $297 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Reduction in the base salary of the Chief Marketing Officer (50%) and the CFO (20%) for the period between October 26, 2020 and December 31, 2020; granted awards of restricted stock in lieu of the reduced base salary amount
Computer Programs and Systems, Inc. $264 Public: S&P 600 Health Care Equipment and Services Suspended or Reduced Dividend Payments The board of directors opted to indefinitely suspend all quarterly dividends
AngioDynamics, Inc. $264 Public: S&P 600 Health Care Equipment and Services Non-Executives: Suspended Raises and/or Bonuses Due to the continued uncertainty created by the COVID-19 global pandemic, held salaries constant for fiscal year ended May 31, 2021 and there will be no increases
AngioDynamics, Inc. $264 Public: S&P 600 Health Care Equipment and Services Executives: Suspended Raises and/or Bonuses Due to the continued uncertainty created by the COVID-19 global pandemic, held salaries constant for fiscal year ended May 31, 2021 and there will be no increases
Meridian Bioscience, Inc. $254 Public: S&P 600 Health Care Equipment and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – As a result of the COVID-19 pandemic, during May 2020, the Company raised its revenue and non-GAAP operating income expectations to levels substantially higher than the maximum targets included in the original CICP. As a result, at that time, the Compensation Committee added “kickers” to the revenue component of the original CICP in order to incentivize maximization of the revenue opportunity
CryoLife, Inc. $253 Public: S&P 600 Health Care Equipment and Services Annual Incentive Plan Changes Granted each member of the Operating Team a cash bonus in the form of phantom shares of Company stock in a value equal to that Operating Team member’s 25% base salary reduction. The Company will pay out all phantom shares in cash on or about April 27, 2021, the first anniversary of the grant date. Each resulting cash payout to a Team member will be subject to a minimum and maximum payout of 100% and 115%, respectively, of that individual’s mandatory base salary reduction. The grant is not subject to forfeiture in the event a Team member separates from the Company for any reason on or after the commencement of the Salary Reduction Period; however, it is subject to pro ration should a Team member cease employment with the Company during the Salary Reduction Period
CryoLife, Inc. $253 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduced CEO salary by 25% until October 2020
CryoLife, Inc. $253 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Reduced salaries of senior management team by 25% until October 2020
CryoLife, Inc. $253 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Deferred 100% of cash compensation of directors until October 2020 into shares of restricted stock
Cardiovascular Systems, Inc. $237 Public: S&P 600 Health Care Equipment and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – In recognition of achievement through the first eight months of 2020, approved discretionary bonuses to the NEOs equal to 70% of their target bonuses under our executive cash incentive compensation program for fiscal 2020 based on the Company’s actual pro-rated performance through the Company’s third fiscal quarter of 66% of the annual target performance; All bonus-eligible employees received a discretionary bonus at the same 70% level for the Company performance portion of their annual bonuses; While the annual incentive program for NEOs is based entirely on Company goals, the non-executive bonus-eligible employees of the Company also have an individual performance component of their annual bonus plan, which enabled those employees who achieved their individual performance component to receive a higher overall payout relative to their target bonus than the NEOs; Revised go forward incentive plan – For the 2021 bonus, the Committee and the Board approved quarterly goals for the three months ending September 30, 2020 and will approve goals for each subsequent quarter in the fiscal year no later than the end of the first month of each such quarter; provided, that they may in their discretion determine to establish performance criteria for multiple quarters in the fiscal year
Cardiovascular Systems, Inc. $237 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO voluntarily reduced his base salary by 30% effective April 1, 2020 and reinstated July 1, 2020
Cutera, Inc. $148 Public: S&P 600 Health Care Equipment and Services Annual Incentive Plan Changes Management has agreed to have the bonuses owed to them from the 2019 Management Bonus Program paid mostly in equity rather than in cash
Cutera, Inc. $148 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary The CEO has agreed to a 25% reduction in his salary
Cutera, Inc. $148 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary The President, and the COO have each agreed to a 25% reduction in their salaries and other members of management have also agreed to significant reductions in their salaries
Cutera, Inc. $148 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Board of directors have agreed to a 25% reduction in their fees until such time as business operations and economic conditions improve
LeMaitre Vascular, Inc. $122 Public: S&P 600 Health Care Equipment and Services Executives: Reduced CEO Base Salary Effective April 13, instituted a structured salary reduction program applying to all executive officers, with the CEO’s salary reduced 90% until December 31
LeMaitre Vascular, Inc. $122 Public: S&P 600 Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Effective April 13, instituted a structured salary reduction program applying to all executive officers. NEO salary reductions are 50% until December 31, 2020
LeMaitre Vascular, Inc. $122 Public: S&P 600 Health Care Equipment and Services Board of Directors: Reduced Pay Effective April 15, annual Board retainer, committee membership retainers, committee chair retainers and fees for meeting attendance reduced until December 31, 2020
LeMaitre Vascular, Inc. $122 Public: S&P 600 Health Care Equipment and Services Non-Executives: Reduced Pay Effective April 13, instituted a structured salary reduction program applying to all employees earning $40,000 or more per year and will only be applied outside of the United States to the extent permissible under applicable local laws and regulations. These salary reductions are expected to be in place until December 31, 2020
USANA Health Sciences, Inc. $1,135 Public: S&P 600 Household and Personal Products Suspended Buyback Program Suspended repurchases
Inter Parfums, Inc. $533 Public: S&P 600 Household and Personal Products Executives: Reduced CEO Incentive Compensation Plan on significantly reducing bonuses for 2020
Inter Parfums, Inc. $533 Public: S&P 600 Household and Personal Products Executives: Reduced Other Executive Incentive Plan on significantly reducing bonuses for 2020
Inter Parfums, Inc. $533 Public: S&P 600 Household and Personal Products Non-Executives: Reduced Pay Plan on significantly reducing bonuses for 2020
Inter Parfums, Inc. $533 Public: S&P 600 Household and Personal Products Suspended or Reduced Dividend Payments Temporary suspension of cash dividend
WD-40 Company $408 Public: S&P 600 Household and Personal Products Executives: Granted Discretionary Award To compensate NEOs to the extent that the regular Incentive Compensation amount did not provide a baseline level of compensation equal to 25% of the employee’s Incentive Compensation opportunity, awarded a 15% supplemental cash compensation award. NEOs received 10% of target under the original plan
WD-40 Company $408 Public: S&P 600 Household and Personal Products Suspended Buyback Program Temporarily suspended repurchases
Arconic Corporation $5,675 Public: S&P 600 Materials Executives: Reduced CEO Base Salary The CEO’s salary will be reduced by 30%; restored salaries effective September 1, 2020
Arconic Corporation $5,675 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary Senior-level management will incur a 20% salary reduction and all other salaried employees will incur a 10% salary reduction; restored salaries effective September 1, 2020
Arconic Corporation $5,675 Public: S&P 600 Materials Board of Directors: Reduced Pay The Board of Directors’ annual cash retainer will be reduced by 30% until market conditions warrant; restored annual cash retainers for the non-employee directors effective September 1, 2020
Arconic Corporation $5,675 Public: S&P 600 Materials Non-Executives: Reduced Pay All other salaried employees will incur a 10% salary reduction; restored salaries effective September 1, 2020
Arconic Corporation $5,675 Public: S&P 600 Materials Suspended 401(k) Match The 401K match program will be suspended for salaried employees; restored 401-K match for all salaried employees
Arconic Corporation $5,675 Public: S&P 600 Materials Reduced Workforce Reduced labor force through shortened work weeks, shift reductions, layoffs, and the elimination of temporary workers and contractors
Arconic Corporation $5,675 Public: S&P 600 Materials Suspended or Reduced Dividend Payments Deferred initiating a dividend on common stock
Cleveland-Cliffs Inc. $3,632 Public: S&P 600 Materials Executives: Reduced CEO Base Salary Reduced salary 40%
Cleveland-Cliffs Inc. $3,632 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary Pay decreases ranging from 10% to 40% for salary workforce
Cleveland-Cliffs Inc. $3,632 Public: S&P 600 Materials Non-Executives: Reduced Pay Pay decreases ranging from 10% to 40% for salary workforce
Cleveland-Cliffs Inc. $3,632 Public: S&P 600 Materials Suspended 401(k) Match Suspended pension plan contributions
Cleveland-Cliffs Inc. $3,632 Public: S&P 600 Materials Suspended or Reduced Dividend Payments Board temporarily suspended future dividends
Trinseo S.A. $3,036 Public: S&P 600 Materials Executives: Reduced CEO Base Salary CEO will forgo 50% of salary during the second quarter of 2020
Trinseo S.A. $3,036 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary CFO and Chief Legal Officer will forgo 25% of salaries and SVP, Strategy and Corp. Development will forgo 10% of salary during the second quarter of 2020
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Executives: Reduced CEO Base Salary CEO salary reduced by 20% for one year; effective Dec 1, 2020, the Board of Directors restored the pay of the Company’s executive officers to their original 2020 levels
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary CFO and remaining executive leadership team salary reduced by 20% for one year; effective Dec 1, 2020, the Board of Directors restored the pay of the Company’s executive officers to their original 2020 levels
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Board of Directors: Reduced Pay Cash retainers for each director will be reduced by 20% for 1 year; the Board of Directors’ cash retainers were restored effective the first quarterly portion payable in 2021
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Non-Executives: Reduced Pay Reductions in base salaries for U.S. salaried employees; Restored pay for employees in September
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Suspended 401(k) Match Reductions in and/or deferrals of 401(k) benefits for a substantial portion of our employees
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Furlough of Employees Furlough of non-essential positions
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Suspended Buyback Program Temporarily suspended common stock repurchases
Allegheny Technologies Incorporated $2,982 Public: S&P 600 Materials Suspended or Reduced Dividend Payments Suspended the quarterly dividend
Carpenter Technology Corporation $2,181 Public: S&P 600 Materials Annual Incentive Plan Changes To recognize the significant efforts to respond to the safety challenges posed by COVID-19, the Committee adjusted safety attainment to a maximum of 200%. Achievement would have been 50% based on traditional metric of Total Case Incident Rate
Carpenter Technology Corporation $2,181 Public: S&P 600 Materials Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Committee modified fiscal year 2019 and fiscal year 2020 PSU awards to use a three-year average, while also capping the attainment percentage for the three-year average at 100% for these awards; Revised go forward incentive plan – The fiscal year 2021 awards will move to annual measurement periods and averaged over a 3-year period and modified LTI Mix to include 50% performance-based RSUs and 50% time-based RSUs, eliminating stock options
Carpenter Technology Corporation $2,181 Public: S&P 600 Materials Non-Executives: Suspended Raises and/or Bonuses Implementing a global hiring freeze and deferring annual merit increases for most salaried employees
Carpenter Technology Corporation $2,181 Public: S&P 600 Materials Reduced Workforce The plan includes reducing approximately 20% of the Company’s total global salaried positions
Carpenter Technology Corporation $2,181 Public: S&P 600 Materials Furlough of Employees Effecting temporary furloughs for certain production, maintenance and salaried employees
Carpenter Technology Corporation $2,181 Public: S&P 600 Materials Executives: Suspended Raises and/or Bonuses Implementing a global hiring freeze and deferring annual merit increases for most salaried employees
Quaker Chemical Corporation $1,423 Public: S&P 600 Materials Executives: Reduced CEO Base Salary Some of the actions taken include delaying or freezing salary increases where legally permitted, reducing executives’ salaries
Quaker Chemical Corporation $1,423 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary Some of the actions taken include delaying or freezing salary increases where legally permitted, reducing executives’ salaries
Quaker Chemical Corporation $1,423 Public: S&P 600 Materials Non-Executives: Suspended Raises and/or Bonuses Delaying or freezing salary increases where legally permitted
Quaker Chemical Corporation $1,423 Public: S&P 600 Materials Furlough of Employees Furloughed select positions
Quaker Chemical Corporation $1,423 Public: S&P 600 Materials Executives: Suspended Raises and/or Bonuses Delaying or freezing salary increases where legally permitted
Innospec Inc. $1,193 Public: S&P 600 Materials Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Kept the same performance metrics as originally set for the 2018 Options and SEUs, but extended the performance period for the 2018 Options and SEUs through the end of 2022, to give the executives additional time to hit such targets that will not be achieved as of the end of 2020
Materion Corporation $1,176 Public: S&P 600 Materials Suspended Buyback Program Suspended its share buyback program
Kaiser Aluminum Corporation $1,173 Public: S&P 600 Materials Furlough of Employees Initiatives to support furloughed employees include: revised our policies to provide any employee experiencing a job interruption 60 days of continued benefits with the Company waiving the premiums for the continued coverage
Kaiser Aluminum Corporation $1,173 Public: S&P 600 Materials Suspended Buyback Program Share repurchases were suspended in mid-March
TimkenSteel Corporation $846 Public: S&P 600 Materials Executives: Reduced CEO Base Salary Reduced interim CEO and senior executives’ base salaries by 20%, effective May 1
TimkenSteel Corporation $846 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary Reduced senior executives’ base salaries by 20% and other executives’ base salaries by 10%, effective May 1
TimkenSteel Corporation $846 Public: S&P 600 Materials Board of Directors: Reduced Pay Reduced cash retainer for its board of directors by 20% beginning with the second-quarter 2020, and reduced the value of the board’s annual equity grant by 20%
TimkenSteel Corporation $846 Public: S&P 600 Materials Suspended 401(k) Match Suspended company’s 401(k) plan matching contributions for salaried employees, effective June 1
TimkenSteel Corporation $846 Public: S&P 600 Materials Furlough of Employees Implemented unpaid rolling furloughs for approximately 80% of salaried employees, beginning in early April
Neenah, Inc. $793 Public: S&P 600 Materials Executives: Reduced CEO Base Salary Implemented direct pay reductions for virtually all employees
Neenah, Inc. $793 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary Implemented direct pay reductions for virtually all employees
Neenah, Inc. $793 Public: S&P 600 Materials Non-Executives: Reduced Pay Implemented direct pay reductions for virtually all employees
Neenah, Inc. $793 Public: S&P 600 Materials Non-Executives: Suspended Raises and/or Bonuses Freeze on wage increases
Neenah, Inc. $793 Public: S&P 600 Materials Reduced Workforce Restructured to lower headcount
Neenah, Inc. $793 Public: S&P 600 Materials Furlough of Employees Implemented furloughs
Neenah, Inc. $793 Public: S&P 600 Materials Suspended Buyback Program Purchases under the 2020 Stock Purchase Plan were curtailed in March 2020 and remain suspended.
Neenah, Inc. $793 Public: S&P 600 Materials Executives: Suspended Raises and/or Bonuses Freeze on wage increases
Warrior Met Coal, Inc. $783 Public: S&P 600 Materials Suspended Buyback Program Suspended its share repurchase program
American Vanguard Corporation $448 Public: S&P 600 Materials Suspended or Reduced Dividend Payments American Vanguard Corporation in its Annual Meeting of Stockholders held on June 3, 2020, elected to suspend the quarterly cash dividend; resuming our quarterly dividend payment
Haynes International, Inc. $381 Public: S&P 600 Materials Annual Incentive Plan Changes Revised go forward incentive plan – The Compensation Committee and the Board of Directors made some changes to the MIP structure for fiscal 2021 in response to the economic effects of the COVID-19 pandemic. The fiscal 2021 MIP program includes operating cash flow and net income metrics
Haynes International, Inc. $381 Public: S&P 600 Materials Executives: Granted Discretionary Award On September 15, 2020, executives, including the Named Executive Officers were granted additional time-based restricted stock. the grants were made in part to reward the Named Executive Officers for performance during the downturn and promote retention during difficult historically unprecedented economic times and particularly challenging circumstances in the Company’s industry, recognizing the value of the participants to the Company and the difficulty of replacing any of them at that time. In addition, the grants were made to motivate continued focus on safety, operations improvements and cost reduction during the difficult economic conditions resulting from the COVID-19 pandemic
Haynes International, Inc. $381 Public: S&P 600 Materials Executives: Reduced CEO Base Salary Effective April 6th, a temporary 10% reduction in the base salaries of its CEO, its Vice Presidents and other members of the executive team, including the Company’s NEOs
Haynes International, Inc. $381 Public: S&P 600 Materials Executives: Reduced Other Executive Base Salary Effective April 6th, a temporary 10% reduction in the base salaries of its CEO, its Vice Presidents and other members of the executive team, including the Company’s NEOs; reversed reductions effective 1/01/2021 for all the NEOs other than CEO
Haynes International, Inc. $381 Public: S&P 600 Materials Board of Directors: Reduced Pay Effective April 6th, Board of Directors temporarily reduced its total cash compensation by 10%
Haynes International, Inc. $381 Public: S&P 600 Materials Non-Executives: Reduced Pay Required most salaried employees to take one week of unpaid time off during the fourth quarter of fiscal 2020
Haynes International, Inc. $381 Public: S&P 600 Materials Non-Executives: Suspended Raises and/or Bonuses Eliminated annual merit increases for salaried employees
Haynes International, Inc. $381 Public: S&P 600 Materials Reduced Workforce Eliminated approximately 60 salaried positions
Haynes International, Inc. $381 Public: S&P 600 Materials Furlough of Employees Furloughs implemented for certain production, maintenance and salaried employees
Haynes International, Inc. $381 Public: S&P 600 Materials Executives: Suspended Raises and/or Bonuses Eliminated annual merit increases for salaried employees
Gannett Co., Inc. $3,229 Public: S&P 600 Media and Entertainment Executives: Reduced CEO Base Salary CEO will forgo 100% of salary in April, May and June
Gannett Co., Inc. $3,229 Public: S&P 600 Media and Entertainment Executives: Reduced Other Executive Base Salary Executives will be taking a 25% pay cut in April, May and June
Gannett Co., Inc. $3,229 Public: S&P 600 Media and Entertainment Non-Executives: Reduced Pay Employees making above $38,000 a year are facing unpaid furlough for one week each in April, May and June
Gannett Co., Inc. $3,229 Public: S&P 600 Media and Entertainment Reduced Workforce We have identified measures that we expect to reduce expenses in 2020 through implementation of reductions in force and furloughs, significant pay reductions for senior management, and cancellation of non-essential travel and spending
Gannett Co., Inc. $3,229 Public: S&P 600 Media and Entertainment Furlough of Employees We have identified measures that we expect to reduce expenses in 2020 through implementation of reductions in force and furloughs, significant pay reductions for senior management, and cancellation of non-essential travel and spending
Gannett Co., Inc. $3,229 Public: S&P 600 Media and Entertainment Suspended or Reduced Dividend Payments Suspending quarterly dividend payments until further notice
Meredith Corporation $2,858 Public: S&P 600 Media and Entertainment Executives: Reduced CEO Base Salary Reductions in salary of 40% May 4 to September 4; As of September 9, 2020 The Company disclosed that salary reductions for the employee population, including the active NEOs, would continue into fiscal 2021
Meredith Corporation $2,858 Public: S&P 600 Media and Entertainment Executives: Reduced Other Executive Base Salary Reductions in executive salaries ranging from 20% to 40% May 4 to September 4; As of September 9, 2020 The Company disclosed that salary reductions for the employee population, including the active NEOs, would continue into fiscal 2021
Meredith Corporation $2,858 Public: S&P 600 Media and Entertainment Board of Directors: Reduced Pay Board of Director retainer reductions of 40% were made effective in Q1 2021
Meredith Corporation $2,858 Public: S&P 600 Media and Entertainment Non-Executives: Reduced Pay Reductions in exempt employee salaries, about 60% of total employees, May 4 to September 4. About 45% of the company’s employees will get a 15% pay cut. Employees whose pay is being reduced will get one day of paid leave per week during this period; As of September 9, 2020 The Company disclosed that salary reductions for the employee population, including the active NEOs, would continue into fiscal 2021
Meredith Corporation $2,858 Public: S&P 600 Media and Entertainment Suspended or Reduced Dividend Payments Pausing its common stock dividend
The E.W. Scripps Company $1,762 Public: S&P 600 Media and Entertainment Executives: Reduced CEO Base Salary Salary reduced 15%
The E.W. Scripps Company $1,762 Public: S&P 600 Media and Entertainment Executives: Reduced Other Executive Base Salary NEO salary reduced 10%
The E.W. Scripps Company $1,762 Public: S&P 600 Media and Entertainment Board of Directors: Reduced Pay Annual cash compensation reduced 15% and Chairman will forgo remainder of 2020 chairman fees
The E.W. Scripps Company $1,762 Public: S&P 600 Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses The company has frozen merit pay increases and hiring
The E.W. Scripps Company $1,762 Public: S&P 600 Media and Entertainment Executives: Suspended Raises and/or Bonuses The company has frozen merit pay increases and hiring
Scholastic Corporation $1,487 Public: S&P 600 Media and Entertainment Annual Incentive Plan Changes Revised current, in-process incentive plan – Approved the discretionary funding of a $2.0 million bonus pool to be used to reward certain employees in the three divisions that achieved 100% or more of their fiscal 2020 divisional operating profit goals; Revised go forward incentive plan – Postponed the review and approval of the MIP design for fiscal 2021 until its September 2020 meeting or such later date as appropriate financial targets for the Company become measurable
Scholastic Corporation $1,487 Public: S&P 600 Media and Entertainment Long-Term Incentive Plan Changes Did not grant equity in 2020
Scholastic Corporation $1,487 Public: S&P 600 Media and Entertainment Executives: Reduced CEO Base Salary Reduced work week to 4 days resulting in 20% pay reduction April 2020 to August 31, 2020
Scholastic Corporation $1,487 Public: S&P 600 Media and Entertainment Executives: Reduced Other Executive Base Salary Reduced work week to 4 days resulting in 20% pay reduction April 2020 to August 31, 2020
Scholastic Corporation $1,487 Public: S&P 600 Media and Entertainment Non-Executives: Reduced Pay Reduced work week to 4 days resulting in 20% pay reduction April 2020 to August 31, 2020
Scholastic Corporation $1,487 Public: S&P 600 Media and Entertainment Furlough of Employees Furloughs for non-management employees
Scholastic Corporation $1,487 Public: S&P 600 Media and Entertainment Suspended Buyback Program Suspended buyback program
QuinStreet, Inc. $490 Public: S&P 600 Media and Entertainment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Adjusted PSUs’ revenue and Adjusted EBITDA metrics, which resulted in the fiscal year 2020 PSUs being deemed achieved at 88% instead of the 57% that would have been achieved based solely on financial performance. The company (i) assessed the average revenue and media margin contributions of the credit-driven businesses for the seven months prior to February 2020, (ii) assumed those monthly historical averages would have applied during the pandemic-impacted period of February through June, 2020 and (iii) further reduced the expected media margin contributions by those businesses during the pandemic-impacted period (i.e., assumed the businesses would have been less profitable than average, even if revenue had been at historical averages during the pandemic-impacted period)
QuinStreet, Inc. $490 Public: S&P 600 Media and Entertainment Executives: Suspended Raises and/or Bonuses Paid no bonuses for 2020 to senior officers
The Marcus Corporation $385 Public: S&P 600 Media and Entertainment Executives: Reduced CEO Base Salary Reduced salary of CEO by 50%
The Marcus Corporation $385 Public: S&P 600 Media and Entertainment Executives: Reduced Other Executive Base Salary Reduced salaries of other executives by undisclosed amounts
The Marcus Corporation $385 Public: S&P 600 Media and Entertainment Board of Directors: Reduced Pay Temporarily reduced cash compensation of directors by 100%
The Marcus Corporation $385 Public: S&P 600 Media and Entertainment Non-Executives: Reduced Pay Reduced salaries of all remaining divisional and corporate staff
The Marcus Corporation $385 Public: S&P 600 Media and Entertainment Furlough of Employees Temporary layoffs and staff reductions
The Marcus Corporation $385 Public: S&P 600 Media and Entertainment Suspended or Reduced Dividend Payments Temporarily suspends quarterly dividend payments for the remainder of 2020 and limits the total amount of payments during the first two quarters of 2021
Prestige Consumer Healthcare Inc. $963 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised go forward incentive plan – Delayed goal setting for annual incentive plan for 2021. The Compensation and Talent Management Committee elected to retain discretion to modify the AIP for the year and will continue to evaluate setting a formal goal when there is more certainty
Prestige Consumer Healthcare Inc. $963 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Suspended Raises and/or Bonuses Deferred the adjustments of 2021 base salaries
Prestige Consumer Healthcare Inc. $963 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Suspended Raises and/or Bonuses Deferred the adjustments of 2021 base salaries
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Long-Term Incentive Plan Changes Awarded long-term equity incentive compensation in the form of 1/2 RSUs and 1/2 PSUs, where the final number of shares awarded depends on the Company financial performance
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Implemented 30% salary reductions to senior executive and Board of Director pay for three months April 15 through July 15
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Incentive Compensation Bonuses were paid this year in the form of a restricted stock unit grant which vests over a two-year period rather than in cash
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Implemented 30% salary reductions to senior executive and Board of Director pay for three months April 15 through July 15
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Incentive Bonuses were paid this year in the form of a restricted stock unit grant which vests over a two-year period rather than in cash
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay Implemented temporary salary reductions to the Board of Director pay
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay Reduced bonuses
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Initiated temporary furloughs for employees in areas such as operations, billing and customer service
Myriad Genetics, Inc. $639 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Suspended Raises and/or Bonuses Withheld any pay increases to our executive officer salaries until at least January 1, 2021
Lannett Company, Inc. $546 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Long-Term Incentive Plan Changes Revised go forward incentive plan – The Company increased the emphasis on restricted stock for Fiscal 2021 equity grants to NEOs and other executives to enhance retention. Whereas time-based RSUs, PSUs and stock options were previously equally weighted at grant, Fiscal 2021 grants comprised 45% time-based RSUs, 35% PSUs and 20% stock options
Lannett Company, Inc. $546 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Granted Discretionary Award Effective September 7, 2020, The Board approved additional time-based RSU grants of 5,000 shares to the CFO and 10,000 shares to the Chief Operating & Quality Officer to recognize their contributions in Fiscal 2020 and assumption of additional responsibilities
Lannett Company, Inc. $546 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Executives: Suspended Raises and/or Bonuses Due to uncertainty within the current environment, the Board deferred the timing of base salary merit increases, excluding certain promotional adjustments, from the first quarter to the third quarter of Fiscal 2021
Enanta Pharmaceuticals, Inc. $122 Public: S&P 600 Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised current, in-process incentive plan – In light of challenges during the COVID-19 pandemic, the Compensation Committee determined to award a corporate performance rating of 100% and an achievement between 85%-100% of NEOs’ individual objectives
Realogy Holdings Corp. $6,221 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary CEO salary reduced 90%
Realogy Holdings Corp. $6,221 Public: S&P 600 Real Estate Executives: Reduced Other Executive Base Salary Salaries of CEO’s executive officer direct reports reduced 50%
Realogy Holdings Corp. $6,221 Public: S&P 600 Real Estate Board of Directors: Reduced Pay The Board waived 100% of cash portion of the retainers for the third quarter of 2020. The Board established procedures for reducing the entire equity portion of the 2020 retainers by setting the price to be used for determining the number of restricted stock units (“RSUs”) granted under the annual RSU award at no lower than $9.70 per share (the closing price of the Company’s stock on February 27, 2020, the date that the Compensation Committee of the Board granted equity awards to the Company’s executive officers). The equity portion of the 2020 retainers is expected to be awarded in the normal course on May 6, 2020, the date of the Company’s 2020 Annual Meeting of Stockholders.
Realogy Holdings Corp. $6,221 Public: S&P 600 Real Estate Non-Executives: Reduced Pay Temporary salary and work-week reductions for a majority of our employees
The GEO Group, Inc. $2,350 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Reduce quarterly dividend payments
Diversified Healthcare Trust $1,632 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Reduced quarterly dividend payment from $0.15 to $0.01 per share
Uniti Group Inc. $1,060 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Reduced dividend
Marcus & Millichap, Inc. $717 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary Reduced CEO base salary by 25%
Marcus & Millichap, Inc. $717 Public: S&P 600 Real Estate Executives: Reduced Other Executive Base Salary Reduced other NEOs base salary by 20%
Marcus & Millichap, Inc. $717 Public: S&P 600 Real Estate Board of Directors: Reduced Pay Reduced cash retainer by 20%
Xenia Hotels & Resorts, Inc. $576 Public: S&P 600 Real Estate Long-Term Incentive Plan Changes Shifted to a time-vested equity vehicle from a performance equity vehicle based on relative TSR
Xenia Hotels & Resorts, Inc. $576 Public: S&P 600 Real Estate Executives: Reduced CEO Incentive Compensation Reducing executive incentive compensation
Xenia Hotels & Resorts, Inc. $576 Public: S&P 600 Real Estate Executives: Reduced Other Executive Incentive Reducing executive incentive compensation
Xenia Hotels & Resorts, Inc. $576 Public: S&P 600 Real Estate Furlough of Employees Substantial number of the properties’ employees have been furloughed
Xenia Hotels & Resorts, Inc. $576 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Suspended dividend through the balance of the year until it determines the required dividend amount to cover its taxable income for 2020
DiamondRock Hospitality Company $478 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary The Company has reduced corporate expenses through decreases in executive compensation and other expenses
DiamondRock Hospitality Company $478 Public: S&P 600 Real Estate Executives: Reduced Other Executive Base Salary The Company has reduced corporate expenses through decreases in executive compensation and other expenses
DiamondRock Hospitality Company $478 Public: S&P 600 Real Estate Reduced Workforce The Company has reduced corporate expenses through decreases in employee headcount and other expenses
DiamondRock Hospitality Company $478 Public: S&P 600 Real Estate Suspended Buyback Program The Company has suspended repurchases and anticipates the suspension will remain in effect for the remainder of 2020
DiamondRock Hospitality Company $478 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Company is suspending dividend payments until the end of the year, but has pledged to pay dividends equating to 100% of taxable income if needed
SITE Centers Corp. $462 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments The Company did not pay a dividend on its common shares for the second quarter of 2020 and has elected not to pay a dividend on its common shares for the third quarter of 2020
Retail Properties of America, Inc. $430 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Effective May 5, temporarily suspended future quarterly dividend payments. The company’s board of directors will evaluate dividend declaration decisions quarterly
Tanger Factory Outlet Centers, Inc. $394 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary Salary reduced 25%
Tanger Factory Outlet Centers, Inc. $394 Public: S&P 600 Real Estate Executives: Reduced Executive Chairman Pay Incoming Executive Chairman salary reduced 50%
Tanger Factory Outlet Centers, Inc. $394 Public: S&P 600 Real Estate Executives: Reduced Other Executive Base Salary Executive leadership team and NEO salaries reduced 25%
Tanger Factory Outlet Centers, Inc. $394 Public: S&P 600 Real Estate Board of Directors: Reduced Pay Cash retainer reduced 25% temporarily in an effort to avoid a workforce reduction and to maintain healthcare benefits
Tanger Factory Outlet Centers, Inc. $394 Public: S&P 600 Real Estate Non-Executives: Reduced Pay Salaries of certain employees reduced
Tanger Factory Outlet Centers, Inc. $394 Public: S&P 600 Real Estate Suspended Buyback Program Suspended share repurchases
Tanger Factory Outlet Centers, Inc. $394 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Board of Directors will temporarily suspend dividend distributions
Armada Hoffler Properties, Inc. $384 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary CEO will reduce salary by 25% on May 1. This will remain in effect until the Compensation Committee takes further action
Armada Hoffler Properties, Inc. $384 Public: S&P 600 Real Estate Board of Directors: Reduced Pay Board of Directors elected to reduce their compensation by 25% on May 1
Armada Hoffler Properties, Inc. $384 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Board of Directors suspended quarterly cash dividend on common stock and OP Units
Alexander & Baldwin, Inc. $345 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Given the ongoing uncertainty of the economic environment, the Board of Directors has decided to temporarily suspend quarterly dividend distributions
Global Net Lease, Inc. $330 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Company has reduced annualized dividend payments from $2.13 per share to $1.60 per share
Mack-Cali Realty Corporation $319 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Effective September 9, announced that it will be suspending its common dividend for the third and fourth quarters of 2020
Retail Opportunity Investments Corp. $284 Public: S&P 600 Real Estate Annual Incentive Plan Changes Revised current, in-process incentive plan – the Compensation Committee is authorized, in its discretion, to dispose of these specific performance metrics and to instead authorize the grant of annual cash incentive bonuses based on revised metrics tied to an assessment of the performance of our Chief Executive Officer and other members of our senior management team in steering our company though the COVID-19 crisis, in positioning us for the next phase in our business life after the country emerges from this crisis and other factors determined in the future by the Compensation Committee
Retail Opportunity Investments Corp. $284 Public: S&P 600 Real Estate Long-Term Incentive Plan Changes Revised current, in-process incentive plan – the Compensation Committee is authorized, in its discretion, to dispose of the long-term equity-based awards approved by the Compensation Committee at the February 18, 2020 meeting and instead to authorize the grant of long-term equity-based awards based on revised metrics tied to an assessment of the performance of our Chief Executive Officer and other members of our senior management team in steering our company though the COVID-19 crisis, in positioning us for the next phase in our business life after the country emerges from this crisis and other factors determined in the future by the Compensation Committee
Retail Opportunity Investments Corp. $284 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Company has temporarily suspended quarterly dividend distributions
RE/MAX Holdings, Inc. $262 Public: S&P 600 Real Estate Non-Executives: Suspended Raises and/or Bonuses Anticipated cost savings include the elimination of the 2020 Company bonus
RE/MAX Holdings, Inc. $262 Public: S&P 600 Real Estate Suspended 401(k) Match Anticipated cost savings include the temporary suspension of the Company’s 401(k) match
RE/MAX Holdings, Inc. $262 Public: S&P 600 Real Estate Executives: Suspended Raises and/or Bonuses Anticipated cost savings include the elimination of the 2020 Company bonus
Acadia Realty Trust $256 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments The company has suspended distributions on its common shares and units beginning in the second quarter of 2020
Summit Hotel Properties, Inc. $234 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary CEO salary reduced by 25% until further notice
Summit Hotel Properties, Inc. $234 Public: S&P 600 Real Estate Executives: Reduced Other Executive Base Salary Executive officers’ salaries reduced by 25% until further notice
Summit Hotel Properties, Inc. $234 Public: S&P 600 Real Estate Board of Directors: Reduced Pay Director fees have been reduced by 25% until further notice
Summit Hotel Properties, Inc. $234 Public: S&P 600 Real Estate Non-Executives: Reduced Pay Non-furloughed corporate staff will have salaries reduced
Summit Hotel Properties, Inc. $234 Public: S&P 600 Real Estate Furlough of Employees Furloughed 25% of corporate-level staff
Summit Hotel Properties, Inc. $234 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Suspended declaration and payment of dividends beginning with Q1 2020
RPT Realty $193 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary Instituted temporary compensation reductions of 20% of annual cash base salaries and further reductions of 20% of annual cash base salaries in exchange for restricted common shares with an equal value
RPT Realty $193 Public: S&P 600 Real Estate Executives: Reduced Other Executive Base Salary Instituted temporary compensation reductions for the executive officers ranging from 10% to 20% of their annual cash base salaries; Certain executive officers also agreed to further reductions of 10% to 20% of their annual cash base salaries in exchange for restricted common shares with an equal value
RPT Realty $193 Public: S&P 600 Real Estate Reduced Workforce Effected a workforce reduction, magnitude of which is not disclosed
RPT Realty $193 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Temporarily suspended the quarterly common dividend distribution, preserving $18 million in the second quarter 2020
Hersha Hospitality Trust $174 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary CEO reducing salary by 50% for the remainder of 2020
Hersha Hospitality Trust $174 Public: S&P 600 Real Estate Board of Directors: Reduced Pay Elected to take all payments in stock for the remainder of 2020
Hersha Hospitality Trust $174 Public: S&P 600 Real Estate Furlough of Employees Furloughed employees
Hersha Hospitality Trust $174 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Suspended dividend for 2020, including previously declared dividend. Dividends will continue to be reviewed quarterly
LTC Properties, Inc. $158 Public: S&P 600 Real Estate Suspended Buyback Program Board of Directors terminated the stock repurchase plan on March 25, 2020
Chatham Lodging Trust $145 Public: S&P 600 Real Estate Executives: Reduced CEO Base Salary CEO salary reduced 50%
Chatham Lodging Trust $145 Public: S&P 600 Real Estate Executives: Reduced Other Executive Base Salary COO salary reduced 50%. CFO salary reduced 25%
Chatham Lodging Trust $145 Public: S&P 600 Real Estate Board of Directors: Reduced Pay Proposed 2020 base compensation reduced by approximately 25%
Chatham Lodging Trust $145 Public: S&P 600 Real Estate Reduced Workforce Hotels have laid off, furloughed or significantly reduced hours for thousands of team members over the last few weeks
Chatham Lodging Trust $145 Public: S&P 600 Real Estate Furlough of Employees Hotels have laid off, furloughed or significantly reduced hours for thousands of team members over the last few weeks
Chatham Lodging Trust $145 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Suspended monthly dividend and will not declare a March dividend which would have been paid in April
Urstadt Biddle Properties Inc. $127 Public: S&P 600 Real Estate Long-Term Incentive Plan Changes Revised go forward incentive plan – Considering the circumstances surrounding COVID-19, determined that it was appropriate for the value of these grants to be significantly smaller than in past years, but of a size that would still incentivize NEOs to achieve greater long-term results
Urstadt Biddle Properties Inc. $127 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Reduced dividend payment to $0.07 per share
Whitestone REIT $118 Public: S&P 600 Real Estate Annual Incentive Plan Changes For 2019 performance – Although the Company achieved the Occupancy and Same Store NOI Growth annual incentive targets at the low threshold, and the G&A Expense as a % of Total Revenue target at the target threshold, due to the uncertainty of the impact of the COVID-19 pandemic on its operations and cash flow, the Company has elected to not pay annual cash incentives based on achievement of these objectives. Payment of these annual incentives in addition to the amount related to achievement of the FFO Core Per Share incentive would have resulted in FFO Core per Share actual being below the objective Revised current, in-process incentive plan – In July 2020, the Compensation Committee established three targets for 2020 pursuant to the AIP to be based on achievement of specified levels of liquidity, occupancy, and the ratio of the Company’s dividend to AFFO. The 2020 targets were intended to be challenging to achieve, even at the lowest level, because the Company has historically not paid out cash incentives and did not intend to do so in 2021 unless performance in 2020 was well-above expectation. Because the Company achieved each of the three 2020 targets at the highest level, each named executive officer was potentially eligible to receive his or her AIP cash incentive at 200% of the target amount. Historically, the Compensation Committee has refrained from exercising discretion to modify cash incentives payable pursuant to the AIP. However, the Compensation Committee and the Board considered that, among other things, despite the fact that the 2020 targets were established at the height of the COVID-19 pandemic and that the Company and executive officers had performed at an exceptional level in 2020, as a result of the impact of the pandemic the Compensation Committee and the Board exercised their discretion to reduce the cash incentives payable to named executive officers to target rather than 200% of target
Whitestone REIT $118 Public: S&P 600 Real Estate Executives: Granted Discretionary Award The Board approved additional cash bonuses payable to the Company’s non-named executive officer employees of up to $300,000 in the aggregate for their contributions during 2020
Whitestone REIT $118 Public: S&P 600 Real Estate Suspended or Reduced Dividend Payments Reduced dividend payments. The Board will regularly reassess the dividend
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – established wider than historical performance ranges and narrower payout ranges; reduced the payout opportunity variability to 50% threshold and 150% maximum; implemented a lower overall payout cap (125% instead of 200%) to show restraint; three equally weighted metrics: annual digital sales, holiday sales, and annual SG&A savings
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Long-Term Incentive Plan Changes The CMD Committee generally approves equity grants to management at its March meeting and our Board of Directors receive annual equity grants following the annual meeting of shareholders in May. Due to the impact of the COVID-19 pandemic, the CMD Committee delayed approving equity grants to management. Equity grants to the Board of Directors were also delayed. The Company expects to make these equity grants in the next few weeks
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO salary reduced 100% for the duration of the crisis; restored pay effective 7/1/20
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Reduced pay for all levels of management director level and above, effective April 1 and lasting for the duration of the crisis; previously reduced NEOs salaries by 20% and restored pay effective 7/1/20
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Board of Directors: Reduced Pay Director cash compensation reduced 100%; restored pay effective 7/1/20
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Suspended 401(k) Match Delaying 401(k) match to later this year
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity Will provide benefits and compensation to workforce impact by March 17 to March 31 store closures
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Reduced Workforce Laid off around 3,900 corporate employees in June. Excluding seasonal workers, the cuts equate to around 3% of the total workforce and add to the 2,000 corporate layoffs made in February
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Furlough of Employees Furloughed majority of employees. At least through May, furloughed employees who are enrolled in health benefits will continue to receive coverage with the company covering 100% of the premium
Macy’s, Inc. $25,331 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Suspended regular quarterly cash dividend payout beginning in Q2 2020. Previously announced dividend payment occurring on April 1 is not affected by the suspension
Core-Mark Holding Company, Inc. $13,525 Public: S&P 600 Retailing Board of Directors: Reduced Pay Board of Directors also has reduced their director cash compensation for the remainder of 2020
Core-Mark Holding Company, Inc. $13,525 Public: S&P 600 Retailing Suspended Buyback Program Effective in April, suspending its share repurchase program
Bed Bath & Beyond Inc. $11,159 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO and his direct reports agreed to a 30% temporary reduction in their base salaries effective with the payroll period commencing April 5 through May 2. Salary reductions will not modify rights under any applicable agreements with respect to the calculation of any annual or long term incentive awards or severance. Additionally, each of the executives agreed that the salary reduction will not constitute “good reason”, “constructive termination” or breach under any agreement between the executive and the Company, and will not confer or trigger any additional rights or entitlements for the executives from the Company or any of its affiliates
Bed Bath & Beyond Inc. $11,159 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary CEO and his direct reports agreed to a 30% temporary reduction in their base salaries effective with the payroll period commencing April 5 through May 2. Salary reductions will not modify rights under any applicable agreements with respect to the calculation of any annual or long term incentive awards or severance. Additionally, each of the executives agreed that the salary reduction will not constitute “good reason”, “constructive termination” or breach under any agreement between the executive and the Company, and will not confer or trigger any additional rights or entitlements for the executives from the Company or any of its affiliates
Bed Bath & Beyond Inc. $11,159 Public: S&P 600 Retailing Board of Directors: Reduced Pay The Chairman of the Board and all other independent directors will forgo 30% of their quarterly cash compensation
Bed Bath & Beyond Inc. $11,159 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity Retail employees will continue to receive pay and applicable benefits during March 20 to April 3 closures; Corporate associates who have been impacted will be provided with pay and benefits through April 18, 2020
Bed Bath & Beyond Inc. $11,159 Public: S&P 600 Retailing Furlough of Employees Furlough of majority of store associates and a portion of corporate associates until at least May 2. Brought back 25% of store associates to fulfillment centers effective May 1. Extended furloughs of a majority of its store and corporate associates until May 16, 2020
Bed Bath & Beyond Inc. $11,159 Public: S&P 600 Retailing Suspended Buyback Program Company is postponing share repurchase program until further notice
Bed Bath & Beyond Inc. $11,159 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Company is postponing dividend payments until further notice
Group 1 Automotive, Inc. $10,852 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO salary reduction of 50% until further notice
Group 1 Automotive, Inc. $10,852 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary SVP salaries reduced 20%, President’s salary reduced 35%, and Corporate VP salaries reduced 15% until further notice
Group 1 Automotive, Inc. $10,852 Public: S&P 600 Retailing Board of Directors: Reduced Pay Chairman, committee chair, and cash retainer fees for all Directors reduced 100%
Group 1 Automotive, Inc. $10,852 Public: S&P 600 Retailing Non-Executives: Reduced Pay Corporate and field support personnel salary reduction of 10% until further notice
Group 1 Automotive, Inc. $10,852 Public: S&P 600 Retailing Furlough of Employees Furlough of 3,000 U.S. operating and staff employees for a 30-day period with an option for a second 30-day period; As of July 30, 2020 the company had returned to 70% of pre-COVID employment levels
Group 1 Automotive, Inc. $10,852 Public: S&P 600 Retailing Suspended Buyback Program Company has cancelled share repurchase authorization
Group 1 Automotive, Inc. $10,852 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Company has suspended quarterly dividend payments until further notice
Sonic Automotive, Inc. $9,767 Public: S&P 600 Retailing Long-Term Incentive Plan Changes Shifted to options from a performance equity vehicle based on EPS
Sonic Automotive, Inc. $9,767 Public: S&P 600 Retailing Reduced Workforce 33% reduction in headcount via terminations and furloughs
Sonic Automotive, Inc. $9,767 Public: S&P 600 Retailing Furlough of Employees 33% reduction in headcount via terminations and furloughs
The ODP Corporation $9,710 Public: S&P 600 Retailing Suspended Buyback Program Announced May 6 that it is temporarily suspending its buyback program
The ODP Corporation $9,710 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Announced May 6 that it is temporarily suspending its cash dividend beginning with the second quarter of 2020
Asbury Automotive Group, Inc. $7,132 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary 50% base salary reduction effective April 3, 2020; Effective July 21, 2020, the Company reinstated the salaries of each of its executive officers to their pre-reduction levels
Asbury Automotive Group, Inc. $7,132 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Effective April 3, 2020, 20% base salary reduction for the Senior Vice Presidents; 20% average pay reduction for the Regional and Field Vice Presidents and National Directors; 10% base salary reduction for all other Vice Presidents; Effective July 21, 2020, the Company reinstated the salaries of each of its executive officers to their pre-reduction levels
Asbury Automotive Group, Inc. $7,132 Public: S&P 600 Retailing Board of Directors: Reduced Pay Effective April 3, 2020, the Company’s directors have also agreed to waive 25% of the annual cash retainer and annual cash committee chair retainer during this temporary period; the chairman of the board has agreed to waive 30% of his annual cash chairman retainer during furlough period; Effective July 21, 2020, the Company reinstated the directors’ annual cash retainers to their pre-reduction levels
Asbury Automotive Group, Inc. $7,132 Public: S&P 600 Retailing Suspended 401(k) Match These actions include the suspension of the 401(k) match
Asbury Automotive Group, Inc. $7,132 Public: S&P 600 Retailing Furlough of Employees These actions include the placement of approximately 2,300 employees on furlough
GameStop Corp. $6,466 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary Chief Executive Officer elected to temporarily reduce his 2020 base salaries by 50% until June 30, 2020
GameStop Corp. $6,466 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Our other active named executive officers have elected to temporarily reduce their 2020 base salaries by 50%, and 30%, respectively until June 30, 2020
GameStop Corp. $6,466 Public: S&P 600 Retailing Board of Directors: Reduced Pay Board of Directors has elected to temporarily reduce its annual cash compensation by 50% until June 30, 2020
GameStop Corp. $6,466 Public: S&P 600 Retailing Non-Executives: Reduced Pay Beginning April 26th, certain other employees across the Company’s worldwide operating units will receive temporarily reduced pay of between 10% and 30% until June 30, 2020
GameStop Corp. $6,466 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity Will pay employees whose hours have been cut an additional two weeks at their regular pay rate based on the average hours worked in the last 10 weeks
GameStop Corp. $6,466 Public: S&P 600 Retailing Furlough of Employees Offered certain of the Company’s corporate support staff the option to either a temporary furlough or reduced workweek
GameStop Corp. $6,466 Public: S&P 600 Retailing Expanded Benefits Programs Will reimburse benefit-eligible U.S. employees one month of the employee portion of benefit expenses
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – 2020 payout deferred; Revised go forward incentive plan – 2021 plan split into two performance periods, & goals for first period focus on liquidity
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Long-Term Incentive Plan Changes Revised go forward incentive plan – Increased weighting of time-vested restricted stock relative to performance equity from 65% PSUs and 35% time-vested restricted stock to an equal amount of each component; Delayed 2021-2023 PSU grant to fall 2020
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary 25% salary reduction and 25% of salary paid into RSUs. Common Shares paid in lieu of salary will be awarded on a periodic basis at a grant date price based on the 20-day rolling average of the closing price of the Common Shares leading up to and including the dates of grant. Salary reinstated effective September 9
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary 25% salary reduction and 25% of salary paid into RSUs for CEO and two other NEOs. 17.5% salary reduction and 17.5% of salary paid into RSUs for all other VPs and above. Common Shares paid in lieu of salary will be awarded on a periodic basis at a grant date price based on the 20-day rolling average of the closing price of the Common Shares leading up to and including the dates of grant. Salaries reinstated effective September 9
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Board of Directors: Reduced Pay 50% reduction of cash compensation for the Board
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Non-Executives: Suspended Raises and/or Bonuses Suspending merit increases for FY21
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Suspended 401(k) Match Temporarily suspending our Deferred Compensation Plan and 401K matches
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity Store team members will receive pay and benefits through April 4, 2020 in a combination of base pay and available paid time off provisions
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Furlough of Employees Implementing temporary reduced work hours and furloughs across store and Support Center teams, and lowering cash compensation for executives and the Board of Directors
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses Suspending merit increases for FY21
Signet Jewelers Limited $6,137 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Company has suspended its common dividend and will be paying its May dividend in the form of preferred shares
Big Lots, Inc. $5,323 Public: S&P 600 Retailing Non-Executives: One-Time Bonus Discretionary payout for leaders in stores eligible for a bonus
Big Lots, Inc. $5,323 Public: S&P 600 Retailing Non-Executives: Additional Payments for On-Site Employees Extended $2 per hour wage increase for hourly store workers and DC staff through May
Big Lots, Inc. $5,323 Public: S&P 600 Retailing Expanded Workforce Expanding workforce across the country
Big Lots, Inc. $5,323 Public: S&P 600 Retailing Expanded Benefits Programs Updated its compensation program for associates, including an employee discount increase to 30%
The Michaels Companies, Inc. $5,072 Public: S&P 600 Retailing Non-Executives: One-Time Bonus The company announced that during the fourth quarter it will pay approximately $10 million in one-time holiday bonuses to both full-time and part-time team members as a thank you for their extraordinary work this year during unprecedented times
The Michaels Companies, Inc. $5,072 Public: S&P 600 Retailing Non-Executives: Additional Payments for On-Site Employees Hazard pay for team members
The Michaels Companies, Inc. $5,072 Public: S&P 600 Retailing Furlough of Employees Furloughed employees
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Executives: Granted Discretionary Award Awarded retention awards of restricted stock units to NEOs
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary Temporary reduction of 33% in salary
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Temporary reductions in leadership team’s salaries ranging from 10% to 33% from the VP level upwards
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Board of Directors: Reduced Pay Cash retainer temporarily reduced 50%
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Non-Executives: Reduced Pay Reduction in work schedule and corresponding reduction in pay for approximately 15% of its corporate associates globally
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Non-Executives: Suspended Raises and/or Bonuses Cancelled all spring merit raises and promotions
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity Continuing to pay all store associates normal wages during March 15 to March 28 store closure
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Furlough of Employees Furloughing store associates beginning April 12, during which time they will continue to receive enrolled benefits. The company will fund 100% of the health premiums for eligible associates impacted by these measures
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Suspended Buyback Program Will not undertake any share buybacks for the foreseeable future
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses Cancelled all spring merit raises and promotions
Abercrombie & Fitch Co. $3,623 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Temporarily suspended its dividend program
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – The Committee determined to exercise its discretion under the AIP to award bonuses to the management team and all AIP eligible associates in an amount equal to 60% of their target AIP award for FY20. The Committee determined this amount after balancing the significant impact of COVID-19 on the Company’s financials and not achieving threshold performance on our AIP metrics with the contributions from our management team and other associates to weather the crisis and put us in a strong position going forward. The Committee also believed it was appropriate to provide the same percentage of their target AIP award across the Company to acknowledge that all associates led and managed the Company through the unique challenges of FY20 as one team
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Long-Term Incentive Plan Changes Revised go forward incentive plan – The FY21 PSU grant was delayed until January 2021 to allow management additional time to establish the new PSU design and metrics
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO reduced pay by 50% for the duration of the COVID-19 crisis; Reduced pay from late March to early June
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Executives: Reduced CEO Incentive Compensation This below threshold performance was driven in large part by the impact of COVID-19. Per the terms of the award, the FY18-20 PSUs were cancelled without payout
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Additional senior leaders will have “significant reductions” in salary during store closure period; Reduced pay from late March to early June
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Executives: Reduced Other Executive Incentive This below threshold performance was driven in large part by the impact of COVID-19. Per the terms of the award, the FY18-20 PSUs were cancelled without payout
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Board of Directors: Reduced Pay Pay reduced 50% for duration of crisis
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity Provide furloughed employees in the U.S. and Canada with two weeks pay and medical benefits through April 30
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Furlough of Employees Furloughed 70% of field staff and 60% of headquarters’ staff
Sally Beauty Holdings, Inc. $3,514 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses No salaries increases for NEOs in FY2021
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO salary reduced 20%, effective March 29, 2020
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Base salaries for the Company’s executive officers, including each NEO, will be reduced by 20%, effective March 29, 2020
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Board of Directors: Reduced Pay Annual cash retainers reduced 20%
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Non-Executives: Reduced Pay Pay reductions implemented for nearly all employees not placed on temporary leave
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Non-Executives: Suspended Raises and/or Bonuses All new hires and 2020 merit increases have been frozen
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Furlough of Employees Temporary leaves of absence for over 80% of its workforce, effective March 29, 2020. The employees on temporary leaves of absence will not receive direct compensation from the Company but will continue to receive employee benefits
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses All new hires and 2020 merit increases have been frozen
Designer Brands Inc. $3,493 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Company has reduced its quarterly dividend payment from $0.25 per share to $0.10 per share
Caleres, Inc. $2,922 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary Implemented a meaningful salary reduction across all levels of the remaining global workforce, including the executive leadership team
Caleres, Inc. $2,922 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Implemented a meaningful salary reduction across all levels of the remaining global workforce, including the executive leadership team
Caleres, Inc. $2,922 Public: S&P 600 Retailing Board of Directors: Reduced Pay Implemented a meaningful salary reduction across all levels of the remaining global workforce, including the company’s board of directors
Caleres, Inc. $2,922 Public: S&P 600 Retailing Non-Executives: Reduced Pay Implemented a meaningful salary reduction across all levels of the remaining global workforce
Caleres, Inc. $2,922 Public: S&P 600 Retailing Reduced Workforce Caleres found it necessary to lay off or furlough Associates across its retail stores, distribution centers and corporate operations
Caleres, Inc. $2,922 Public: S&P 600 Retailing Furlough of Employees Caleres found it necessary to lay off or furlough Associates across its retail stores, distribution centers and corporate operations
Rent-A-Center, Inc. $2,814 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary The Company has made a number of adjustments to reduce operating expenses, including executive pay reductions
Rent-A-Center, Inc. $2,814 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary The Company has made a number of adjustments to reduce operating expenses, including executive pay reductions
Rent-A-Center, Inc. $2,814 Public: S&P 600 Retailing Board of Directors: Reduced Pay The Company has made a number of adjustments to reduce operating expenses, including pay reductions
Rent-A-Center, Inc. $2,814 Public: S&P 600 Retailing Furlough of Employees The Company has made a number of adjustments to reduce operating expenses, including temporarily furloughing employees in stores and at its corporate office and reducing store hours in some cases
Rent-A-Center, Inc. $2,814 Public: S&P 600 Retailing Suspended Buyback Program Suspended share repurchases
Guess?, Inc. $2,678 Public: S&P 600 Retailing Annual Incentive Plan Changes Paid certain fiscal 2020 annual incentive awards, including the awards paid to our Named Executive Officers (other than a guaranteed cash award set forth in Ms. Anderson’s offer letter), in shares of the Company’s common stock instead of cash
Guess?, Inc. $2,678 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary Salary reduced 70% for undefined period. CEO will not be entitled to any back pay for the time period
Guess?, Inc. $2,678 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Chief Creative Officer salary reduced 70% and CFO salary reduced 30% for undefined period. Executives will not be entitled to any back pay for the time period
Guess?, Inc. $2,678 Public: S&P 600 Retailing Non-Executives: Reduced Pay Tiered salary reductions for management level corporate employees of 15% through 70% for the CEO
Guess?, Inc. $2,678 Public: S&P 600 Retailing Non-Executives: Suspended Raises and/or Bonuses Deferred annual merit increases
Guess?, Inc. $2,678 Public: S&P 600 Retailing Furlough of Employees Furloughed all U.S. and Canada store associates and 50% of corporate and distribution center associates. Company will fund health insurance premiums
Guess?, Inc. $2,678 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses Deferred annual merit increases
Guess?, Inc. $2,678 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Postponed Q1 2021 dividend decision
Genesco Inc. $2,197 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO Salary reduced 100, effective April 1, 2020; The base salary of our CEO will be restored to up to 85% of their base salary as in effect before the temporary reductions; effective July 1, 2020; Effective October 1, 2020, the Board approved the full reinstatement of salaries
Genesco Inc. $2,197 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary CEO’s direct reports salaries reduced 100%. The remainder of the CEO’s direct reports will receive a 50% reduction in salary; The base salary of the CEO’s direct reports will be restored to up to 85% of their base salary as in effect before the temporary reductions (with the base salary of certain of her direct reports remaining below 85%); effective July 1, 2020; Effective October 1, 2020, the Board approved the full reinstatement of salaries
Genesco Inc. $2,197 Public: S&P 600 Retailing Board of Directors: Reduced Pay Cash compensation temporarily reduced 100%; The cash compensation (and stock in lieu of cash compensation) of our board of directors will be restored to 85% of their cash compensation (and stock in lieu of cash compensation) as in effect before the temporary reductions, effective July 1, 2020; effective July 1, 2020; Effective October 1, 2020, the Board approved the full reinstatement of cash compensation
Genesco Inc. $2,197 Public: S&P 600 Retailing Non-Executives: Reduced Pay More highly compensated employees, outside of the executive group, will have their pay reduced based on a graduated scale
Genesco Inc. $2,197 Public: S&P 600 Retailing Suspended 401(k) Match Certain employee benefits, including 401(k) matching, will be temporarily suspended
Genesco Inc. $2,197 Public: S&P 600 Retailing Furlough of Employees The Company is implementing furloughs for store level, corporate, call center, and distribution center employees, reducing its workforce by 90%
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – Due to the impact of the COVID-19 pandemic on the Company’s business, the Committee reviewed the previously-approved performance metrics and, on September 15, 2020, determined that it was in the best interests of the Company and its shareholders to revise the management bonus plan for the 2020 fiscal year. The revision to the management bonus plan for the 2020 fiscal year replaces the original performance metrics and narrows the payout scale previously approved by the Committee for each eligible associate. The Committee determined that, for the 2020 fiscal year, annual cash incentives under the management bonus plan will be based on two Company-level performance metrics with equal weighting: (i) fiscal year 2020 total sales and (ii) third and fourth fiscal quarter expense savings. The previously-approved bonus target payment percentage for each eligible associate was not changed, although the payout scale was narrowed to 0% to 100% of the target payment percentage for each eligible associate, based on the extent to which applicable performance metrics are met
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary Effective April 1, executive officer base salaries reduced 50%. Effective July 5, restored executive salaries to pre-pandemic levels after 3-month salary cut
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Effective April 1, executive officer base salaries reduced 50%. Effective July 5, restored executive salaries to 100% of pre-pandemic levels after 3-month 50% salary cut
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Board of Directors: Reduced Pay Effective April 1, annual cash retainers reduced 50%. Effective July 5, the annual cash retainers were restored to pre-reduction levels
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Non-Executives: Reduced Pay Effective July 5, all non-furloughed employees will take a 50% salary or similar hours reduction, except the Company’s distribution center employees supporting the Company’s digital business. Effective July 5, compensation of all employees whose compensation was subject to a reduction would be restored to pre-reduction levels
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Non-Executives: Suspended Raises and/or Bonuses Merit increases are deferred
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Suspended 401(k) Match Suspending matching contributions to the Company’s 401(k) plan and Nonqualified Deferred Compensation Plan
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity Full-time and part-time associates will receive full pay during this two-week closure period starting March 17th
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Non-Executives: Additional Payments for On-Site Employees Associates working in the distribution center during this period will receive additional compensation
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Furlough of Employees The majority of the Company’s employees will be placed on furlough
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Other As part of cost-saving efforts to mitigate the operating and financial impact of the COVID-19 pandemic, the Company temporarily froze eligibility for participation in and benefits under the Severance Plan effective March 31, 2020
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses Merit increases are deferred
Chico’s FAS, Inc. $2,038 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Suspending quarterly dividend payments
The Children’s Place, Inc. $1,871 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO will forgo 100% of salary until further notice; reinstated pay effective 6/28/20
The Children’s Place, Inc. $1,871 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Senior leadership team will take a temporary 25% reduction in salary until further notice; reinstated pay effective 6/28/20
The Children’s Place, Inc. $1,871 Public: S&P 600 Retailing Board of Directors: Reduced Pay Cash compensation reduced 100% until further notice; reinstated pay effective 6/28/20
The Children’s Place, Inc. $1,871 Public: S&P 600 Retailing Non-Executives: Reduced Pay All U.S. and Canadian field management and stores associates will be temporarily furloughed until they can safely return; ‘The Company will institute a combination of temporary furloughs and pay reductions for the majority of its corporate staff; reinstated pay for corporate staff effective 6/28/20
The Children’s Place, Inc. $1,871 Public: S&P 600 Retailing Furlough of Employees All U.S. and Canadian field management and stores associates will be temporarily furloughed until they can safely return; ‘The Company will institute a combination of temporary furloughs and pay reductions for the majority of its corporate staff; effective 6/28/20, furloughed corporate, field management and store associates return to work
The Children’s Place, Inc. $1,871 Public: S&P 600 Retailing Suspended Buyback Program Company has temporarily suspended share repurchases
The Children’s Place, Inc. $1,871 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Company has temporarily suspended its dividend program
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO will not receive any cash compensation for the balance of the year through a 50% deferral and exchanging all remaining salary for RSUs
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Executives: Reduced CEO Incentive Compensation Everyone’s compensation has been meaningfully reduced through variable compensation programs and other actions
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Leadership team will reduce cash compensation in exchange for RSUs for balance of the year
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Executives: Reduced Other Executive Incentive Everyone’s compensation has been meaningfully reduced through variable compensation programs and other actions
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Board of Directors: Reduced Pay Board will reduce cash compensation in exchange for RSUs for balance of the year
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Non-Executives: Reduced Pay Eligible participants may elect to reduce their cash compensation normally paid from April 19 to December 26, in exchange for receiving RSUs that vest on December 26 (unless prorated vesting is triggered by earlier termination)
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Suspended 401(k) Match The company is temporarily suspending its 401(K) match and other benefit programs
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Furlough of Employees the company is furloughing nearly 40% of the total company and another 30% of team members are working reduced hours
Sleep Number Corporation $1,857 Public: S&P 600 Retailing Suspended Buyback Program Suspended share repurchases; resumed share repurchases effective the fourth quarter
Barnes & Noble Education, Inc. $1,851 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised go forward incentive plan – Established quarterly bonuses based on the attainment of quarterly performance objectives tied to execution of the Company’s strategy, management of the business in line with the Fiscal 2021 budget as approved by the Board, and management of liquidity
Barnes & Noble Education, Inc. $1,851 Public: S&P 600 Retailing Long-Term Incentive Plan Changes Revised go forward incentive plan – Compensation Committee has not granted performance share units for Fiscal 2021
Barnes & Noble Education, Inc. $1,851 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO agreed to a temporary reduction of his base salary of 25% effective April 13 through September 19
Barnes & Noble Education, Inc. $1,851 Public: S&P 600 Retailing Suspended 401(k) Match Suspended the Company’s 401(k) plan match for the remainder of 2020
Barnes & Noble Education, Inc. $1,851 Public: S&P 600 Retailing Furlough of Employees Beginning April 6, 2020, it will be instituting a furlough program impacting the majority of the BNC workforce and a select number of employees from the Company’s other segments
The Aaron’s Company, Inc. $1,735 Public: S&P 600 Retailing Board of Directors: Reduced Pay Reduced cash retainer for directors by 20% for the remainder of 2020
The Aaron’s Company, Inc. $1,735 Public: S&P 600 Retailing Non-Executives: Additional Payments for On-Site Employees Paid a $500 bonus to all full-time store-based associates who have helped execute the new curbside model
The Aaron’s Company, Inc. $1,735 Public: S&P 600 Retailing Furlough of Employees Furloughed approximately 2,500 sales associates. Paying 100% of furloughed associates’ continuation of benefits through the term of their furlough
The Aaron’s Company, Inc. $1,735 Public: S&P 600 Retailing Other Suspended franchise royalty payments, totaling $1.1 million in March and $2.1 million in April
Conn’s, Inc. $1,544 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO’s base salary will be temporarily reduced by 25%
Conn’s, Inc. $1,544 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Base salary for certain other Company officers, including its NEOs and its Section 16 officers, will be temporarily reduced by 20%
Conn’s, Inc. $1,544 Public: S&P 600 Retailing Board of Directors: Reduced Pay Annual cash retainer for each non-employee director serving on the Board will be reduced by 25% for the Company’s Fiscal Year 2021
MarineMax, Inc. $1,510 Public: S&P 600 Retailing Furlough of Employees Furloughing team members associated with temporary closures
Monro, Inc. $1,257 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised go forward incentive plan – In fiscal 2021, as a result of COVID-19 and difficulty in establishing annual performance goals, the Committee determined to split the annual performance period for the fiscal year in half. For the first six months of fiscal 2021, goals would be based 100% on individual objectives. Individual objectives for NEOs, other than the CEO, were established and reviewed by the CEO. Individual objectives for the CEO were established and reviewed by the Committee. The maximum incentive amount would be equal to 50% of the targeted annual bonus percentage for each NEO. The core focus of individual goals will be to execute a successful COVID-19 recovery strategy focused on safety, gross margin expansion, store technology upgrades, operating income, and capital efficiency. The incentive plan for the second half of fiscal 2021 will be established later in the year, when more information is available to determine performance goals and targets
Monro, Inc. $1,257 Public: S&P 600 Retailing Long-Term Incentive Plan Changes Revised go forward incentive plan – In fiscal 2021, as result of the impact of COVID-19 on our operating performance and the difficulty in setting long-term performance goals, the Committee determined the most appropriate mix and weighting of our long-term incentives would be 50% RSUs and 50% stock options vs. 30% stock options, 30% RSUs, and 40% PSUs in 2020
Hibbett Sports, Inc. $1,184 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised go forward incentive plan – for Fiscal 2021, the Compensation Committee again based the short-term cash incentive on EBIT for Fiscal 2021 but in light of the COVID-19 pandemic, the Committee expects that adjustments to the set goal will be made in its discretion.
Hibbett Sports, Inc. $1,184 Public: S&P 600 Retailing Long-Term Incentive Plan Changes Revised go forward incentive plan – the Compensation Committee decided to award only service-based equity awards to our executive officers in Fiscal 2021 in light of the COVID-19 pandemic, and to move away from value-based shares this fiscal year for all team members, including our executive officers.
Hibbett Sports, Inc. $1,184 Public: S&P 600 Retailing Suspended Buyback Program Suspended stock repurchase program
Lumber Liquidators Holdings, Inc. $1,067 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary The Company is also implementing a temporary reduction in all salaried employee compensation including a 25% reduction in the base pay of the interim President & Principal Executive Officer
Lumber Liquidators Holdings, Inc. $1,067 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary The Company is also implementing a temporary reduction in all salaried employee compensation including a 25% reduction in the base pay of the Chief Financial Officer and other C-level executives
Lumber Liquidators Holdings, Inc. $1,067 Public: S&P 600 Retailing Board of Directors: Reduced Pay The Company is also implementing a temporary 30% reduction in the cash compensation of the Board of Directors
Lumber Liquidators Holdings, Inc. $1,067 Public: S&P 600 Retailing Furlough of Employees Temporarily furlough approximately 300 store associates and reduce operating hours in its distribution centers; As of August 5, 2020 all employees have returned to work and returned to normal operations
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Annual Incentive Plan Changes Delayed the establishment of the business criteria and the threshold, target and maximum performance goals for fiscal 2020 under our Executive Incentive Compensation Plan until later in the fiscal year
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Long-Term Incentive Plan Changes Granted for 2020 only service-based RSUs to Executives and other members of management instead of a mix of PSUs and RSUs due to the uncertainty from COVID-19. In order to promote retention and to align the interests of management with the interests of our shareholders, the vesting schedule for these RSUs was extended, as one-third of these RSUs will vest after two years and two-thirds will vest after three years, compared to the service-based RSUs that were granted in fiscal 2019 to our Executives, which vest in equal annual installments over a two-year period. The Committee intends to revert to its historical practice of granting PSUs to our Executives and other members of management in future fiscal years
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary Approved a temporary 20% reduction in the base salary of NEOs, which reductions will be effective April 5 and will continue until at least half of store locations are re-opened
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Approved a temporary 20% reduction in the annual base salary of each of the Company’s named executive officers, which reductions will be effective April 5, 2020 and will continue until at least half of the Company’s store locations are re-opened
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Board of Directors: Reduced Pay A temporary 20% reduction in the cash retainer fees paid to the Company’s non-employee directors
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Non-Executives: Reduced Pay The annual base salaries of certain other members of the Company’s senior management team will also be reduced by 20% until 50% of locations are re-opened
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Non-Executives: Suspended Raises and/or Bonuses Delayed the implementation of wage increases for certain employees
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Non-Executives: Guaranteed Pay Continuity As of April 2, 2020, the Company will continue to pay its associates as scheduled, but will further evaluate as the length of the closures becomes clearer
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Suspended Buyback Program Temporarily suspended the repurchase of common stock as a part of the Company’s share repurchase program
Shoe Carnival, Inc. $1,037 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses Delayed the implementation of wage increases for certain employees
Zumiez Inc. $1,034 Public: S&P 600 Retailing Reduced Workforce Laid off virtually all part-time staff
Zumiez Inc. $1,034 Public: S&P 600 Retailing Suspended Buyback Program Paused share repurchases
The Buckle, Inc. $900 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO salary reduced 100% until such time as normal business operations resume
The Buckle, Inc. $900 Public: S&P 600 Retailing Executives: Reduced Executive Chairman Pay Chairman salary reduced 100% until such time as normal business operations resume
The Buckle, Inc. $900 Public: S&P 600 Retailing Board of Directors: Reduced Pay Quarterly cash retainers reduced 100% for current quarter
The Buckle, Inc. $900 Public: S&P 600 Retailing Non-Executives: Reduced Pay All essential teammates who continue working during this period will participate in salary reductions
The Buckle, Inc. $900 Public: S&P 600 Retailing Furlough of Employees The Company will furlough the majority of its store and corporate office teammates effective April 5, 2020
The Buckle, Inc. $900 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Deferred decision to grant dividend until the next board meeting
Boot Barn Holdings, Inc. $846 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – The Company has also deferred until no later than September 1, 2020, the payment of any annual cash performance bonuses to the management team for the fiscal year ended March 28, 2020; Revised go forward incentive plan – As a result of the COVID-19 global pandemic, the Committee has not yet determined the metrics or targets for the fiscal 2021 bonus plan.
Boot Barn Holdings, Inc. $846 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO salary will be temporarily reduced 50%
Boot Barn Holdings, Inc. $846 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary President/CEO and all other NEOs and other senior executives at the Company, will be temporarily reduced 50% and 25%, respectively
Boot Barn Holdings, Inc. $846 Public: S&P 600 Retailing Board of Directors: Reduced Pay The non-employee members of the Board of Directors have also agreed to waive 100% of the current quarter’s payment of their annual cash retainer
Boot Barn Holdings, Inc. $846 Public: S&P 600 Retailing Furlough of Employees Furloughed approximately 40% of the employees at its central office location, distribution centers, and stores
The Cato Corporation $825 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO salary reduced by 50% until further notice
The Cato Corporation $825 Public: S&P 600 Retailing Board of Directors: Reduced Pay Board fees reduced by 50% until further notice
The Cato Corporation $825 Public: S&P 600 Retailing Non-Executives: Reduced Pay Reduced salaries of store associates by 25% for associates earning under $55,000 per year
The Cato Corporation $825 Public: S&P 600 Retailing Non-Executives: Suspended Raises and/or Bonuses Eliminated merit-based increases for 2020
The Cato Corporation $825 Public: S&P 600 Retailing Furlough of Employees Furloughing store and corporate associates as well as a majority of employees in distribution centers
The Cato Corporation $825 Public: S&P 600 Retailing Executives: Suspended Raises and/or Bonuses Eliminated merit-based increases for 2020
The Cato Corporation $825 Public: S&P 600 Retailing Suspended or Reduced Dividend Payments Company has temporarily suspended quarterly dividend payments
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary Salary reduced by 40%; reinstated salaries of NEOs effective 7/1/20
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Salaries of the Company’s NEOs will be reduced by 25%; reinstated salaries of NEOs effective 7/1/20
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Board of Directors: Reduced Pay The board also approved reducing by 25% the portion of the annual board retainer designated to be paid in cash; The reduction will be applied to any related amounts elected to be deferred by the directors under the Directors Deferred Compensation Plan
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Non-Executives: Reduced Pay Salaries of all officers and managers will be reduced by graduated amounts
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Suspended 401(k) Match Froze 401(k) match
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Reduced Workforce Reduced workforce of 3,495 by approximately 1,200 individuals
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Furlough of Employees Furlough of virtually all store and distribution personnel, and majority of warehouse staff. Furlough of corporate office personnel to a minimum level for necessary operations. Teammates will continue to receive enrolled health benefits while on furlough, with the company covering 100% of the premiums through this announced period of closure. Extended furlough of 730 team members for another 30 days
Haverty Furniture Companies, Inc. $748 Public: S&P 600 Retailing Suspended Buyback Program Suspension of share repurchases
America’s Car-Mart, Inc. $742 Public: S&P 600 Retailing Annual Incentive Plan Changes Revised current, in-process incentive plan – Determined that the Company’s actual net income for fiscal 2020 relative to budgeted net income fell within the target performance range; however, actual net income would have exceeded the maximum performance range but for the increase in the Company’s allowance for credit losses at April 30, 2020 due to the effects of the COVID-19 pandemic. Therefore, the committee exercised its discretion to award the COO a short-term incentive plan payment of $107,250, or 1.65 times the target bonus amount
Liquidity Services, Inc. $206 Public: S&P 600 Retailing Executives: Reduced CEO Base Salary CEO salary reduced 100%
Liquidity Services, Inc. $206 Public: S&P 600 Retailing Executives: Reduced Other Executive Base Salary Executives have voluntarily agreed to reduce their base salaries by 50%
Liquidity Services, Inc. $206 Public: S&P 600 Retailing Board of Directors: Reduced Pay All fees for service on board, including annual retainer, committee membership and lead and committee chair fees reduced 100%
Liquidity Services, Inc. $206 Public: S&P 600 Retailing Non-Executives: Reduced Pay Reduced employee pay
Liquidity Services, Inc. $206 Public: S&P 600 Retailing Furlough of Employees Initiated furloughs
Advanced Energy Industries, Inc. $1,416 Public: S&P 600 Semiconductors and Semiconductor Equipment Executives: Suspended Raises and/or Bonuses As a result of the continued spread of COVID-19, the Company previously postponed merit increases for the base salaries of its named executive officers
SMART Global Holdings, Inc. $1,122 Public: S&P 600 Semiconductors and Semiconductor Equipment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In May 2020, Mr. Shah was granted restricted share awards (RSAs) relating to ordinary shares of SMART. As further detailed below, these RSAs included:• 180,000 time-based RSAs subject only to Mr. Shah’s continued service to the Company, vesting over three years with 60,000 shares scheduled to vest on April 20, 2021 and the remainder vesting 30,000 shares every six months thereafter; • 90,000 performance-based RSAs (PSAs) subject to Mr. Shah’s continued service to the Company, vesting over three years with 34% of the shares for which performance conditions are satisfied (Qualified Shares) scheduled to vest on April 20, 2021 and the remainder of the Qualified shares scheduled to vest 16.5% every six months thereafter on each October 20 and April 20, subject to the satisfaction of the following performance conditions as of the end of fiscal 2020: • 30,000 shares for satisfaction of COVID health and safety performance; • 30,000 shares for satisfaction of succession planning objectives; and • 30,000 shares for satisfaction of positive cash flow requirements
Cohu, Inc. $636 Public: S&P 600 Semiconductors and Semiconductor Equipment Executives: Reduced CEO Base Salary Salary reduced 20%
Cohu, Inc. $636 Public: S&P 600 Semiconductors and Semiconductor Equipment Executives: Reduced Other Executive Base Salary Salary reduced 10%
Cohu, Inc. $636 Public: S&P 600 Semiconductors and Semiconductor Equipment Board of Directors: Reduced Pay Cash compensation reduced 20%
Cohu, Inc. $636 Public: S&P 600 Semiconductors and Semiconductor Equipment Non-Executives: Reduced Pay Proportional salary reductions to all employees worldwide
Cohu, Inc. $636 Public: S&P 600 Semiconductors and Semiconductor Equipment Suspended or Reduced Dividend Payments Suspended dividend payments and may not reinstate any cash dividends in the future for various reasons listed in the 10-Q
Photronics, Inc. $610 Public: S&P 600 Semiconductors and Semiconductor Equipment Executives: Granted Discretionary Award CEO requested that the Compensation Committee approve a one time special restricted stock award grant based on the contributions of the senior leadership team and select other employees relating to the COVID-19 pandemic. The one time grant vests over one year from the date of grant. The Compensation Committee approved such request and some Named Executive Officers received the grants on December 23, 2020
Axcelis Technologies, Inc. $475 Public: S&P 600 Semiconductors and Semiconductor Equipment Suspended Buyback Program Suspended the repurchase program
Unisys Corporation $2,026 Public: S&P 600 Software and Services Executives: Reduced CEO Base Salary Temporarily reduced salaries for executive leadership team
Unisys Corporation $2,026 Public: S&P 600 Software and Services Executives: Reduced Other Executive Base Salary Temporarily reduced salaries for executive leadership team
Cardtronics plc $1,094 Public: S&P 600 Software and Services Executives: Reduced CEO Base Salary CEO salary reduced 40% effective April 1
Cardtronics plc $1,094 Public: S&P 600 Software and Services Executives: Reduced Other Executive Base Salary Executive salaries reduced 20%
Cardtronics plc $1,094 Public: S&P 600 Software and Services Board of Directors: Reduced Pay Annual cash retainer fees temporarily reduced 40%
Cardtronics plc $1,094 Public: S&P 600 Software and Services Non-Executives: Reduced Pay Employees salary reduced 20%
Cardtronics plc $1,094 Public: S&P 600 Software and Services Furlough of Employees Furloughed certain parts of the business
Cardtronics plc $1,094 Public: S&P 600 Software and Services Suspended Buyback Program Company has suspended its share buyback program
CSG Systems International, Inc. $991 Public: S&P 600 Software and Services Non-Executives: One-Time Bonus We also enhanced a number of our benefits to support our employees though the challenges arising from the COVID-19 pandemic, to include extended overtime pay and spot bonus awards to those employees at our statement production centers, and a one-time cash bonus given to all CSG employees
CSG Systems International, Inc. $991 Public: S&P 600 Software and Services Non-Executives: Additional Payments for On-Site Employees We also enhanced a number of our benefits to support our employees though the challenges arising from the COVID-19 pandemic, to include extended overtime pay and spot bonus awards to those employees at our statement production centers, and a one-time cash bonus given to all CSG employees
CSG Systems International, Inc. $991 Public: S&P 600 Software and Services Suspended Buyback Program Suspended stock repurchases under Stock Repurchase Program
ExlService Holdings, Inc. $966 Public: S&P 600 Software and Services Executives: Reduced CEO Base Salary 50% base salary reduction and deferment of 2020 increments for six months
ExlService Holdings, Inc. $966 Public: S&P 600 Software and Services Executives: Reduced Other Executive Base Salary 30% base salary reduction for NEOs for six months
ExlService Holdings, Inc. $966 Public: S&P 600 Software and Services Suspended Buyback Program Suspended share repurchases; resumed share repurchases effective July 1, 2020
EVERTEC, Inc. $504 Public: S&P 600 Software and Services Executives: Suspended Raises and/or Bonuses In April 2020 the Compensation Committee agreed to temporarily suspend base salary increases for NEOs due to the COVID-19 pandemic
8×8, Inc. $446 Public: S&P 600 Software and Services Annual Incentive Plan Changes Converted cash payments of annual incentive into performance share units based on the company’s TSR compared to the S&P Software and Services Index over three, one-year performance periods
8×8, Inc. $446 Public: S&P 600 Software and Services Other Implemented program to allow management team to defer up to 35% of base salary to common stock
Bottomline Technologies (de), Inc. $442 Public: S&P 600 Software and Services Executives: Suspended Raises and/or Bonuses The company does not anticipate any increase in executive officer base salaries for the duration of the COVID-19 crisis
Progress Software Corporation $442 Public: S&P 600 Software and Services Delay of Annual Meeting On April 2, 2020, announced the companies decided to reschedule their respective special meetings of stockholders to vote on the matters related to the proposed merger from April 28, 2020 to June 16, 2020. The rescheduled special meetings will allow both companies the time necessary to respond to the COVID-19 pandemic and its effect on each company’s business and on the combined entity
Agilysys, Inc. $161 Public: S&P 600 Software and Services Executives: Reduced CEO Base Salary CEO salary will be reduced 100%
Agilysys, Inc. $161 Public: S&P 600 Software and Services Executives: Reduced Other Executive Base Salary Significant salary reductions will be put in place for all our senior employees including the executive management team
Agilysys, Inc. $161 Public: S&P 600 Software and Services Board of Directors: Reduced Pay Significant salary reductions will be put in place for all our senior employees including the board of directors
Agilysys, Inc. $161 Public: S&P 600 Software and Services Reduced Workforce Reducing our staffing levels, both on a permanent and temporary basis
Agilysys, Inc. $161 Public: S&P 600 Software and Services Furlough of Employees Reducing our staffing levels, both on a permanent and temporary basis
Sanmina Corporation $6,960 Public: S&P 600 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – Exercised discretion to adjust the plan in order for any management that served the full FY2020 to receive bonuses under the 2020 Plan. Based on its assessment of the impact of the pandemic, the Committee believed that the 2020 Plan would have yielded a Corporate Performance Factor of approximately 80% excluding such impact. As such, the Committee believed it to be a reasonable and appropriate exercise of the Committee’s discretion to adjust the 2020 Bonus Plan to provide for achievement at this level. The Committee also applied its discretion in order to adjust the bonuses for the NEOs upward based upon their significant individual contributions towards maintaining efficient operations in a highly uncertain and challenging environment, supporting key customers and enabling plants to remain open during the pandemic, while protecting the workforce
Plexus Corp. $3,390 Public: S&P 600 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – Because these impacts from COVID-19 were not within the control of our executive officers, the Committee excluded them from its determination of whether the shared individual objectives were achieved at a satisfactory level. As a result, all executive officers were awarded an 88% payout of the personal objectives portion of the VICP, or a 17.6% payout versus the target of 20% for individual objectives
Plexus Corp. $3,390 Public: S&P 600 Technology Hardware and Equipment Suspended Buyback Program Suspended indefinitely in March
ScanSource, Inc. $3,048 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Temporary base salary reduction August through December 31 of 25%
ScanSource, Inc. $3,048 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Temporary base salary reductions of 10% to 25% for the executive team August through December 31, 2020, with a reduction of 15% for the CFO and 10% for the CLO
ScanSource, Inc. $3,048 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay Eliminated 100% of cash retainers for the Board of Directors August through December 31, 2020
ScanSource, Inc. $3,048 Public: S&P 600 Technology Hardware and Equipment Reduced Workforce Implemented a reduction in workforce in North America
Benchmark Electronics, Inc. $2,053 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Reduced CEO salary by 10% until the end of the year
Benchmark Electronics, Inc. $2,053 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Temporary 10% salary reduction for all executive officers (including NEOs) effective April 27, 2020 through December 31, 2020
Benchmark Electronics, Inc. $2,053 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay Temporary 10% reduction in quarterly cash compensation effective April 27, 2020 through December 31, 2020
Benchmark Electronics, Inc. $2,053 Public: S&P 600 Technology Hardware and Equipment Non-Executives: Suspended Raises and/or Bonuses Merit increases are deferred
Benchmark Electronics, Inc. $2,053 Public: S&P 600 Technology Hardware and Equipment Furlough of Employees Employee furloughs
Benchmark Electronics, Inc. $2,053 Public: S&P 600 Technology Hardware and Equipment Suspended Buyback Program Temporarily suspending our share repurchase activity
Benchmark Electronics, Inc. $2,053 Public: S&P 600 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses Merit increases are deferred
Plantronics, Inc. $1,697 Public: S&P 600 Technology Hardware and Equipment Suspended or Reduced Dividend Payments Announced April 15 the suspension of its quarterly dividend
NETGEAR, Inc. $1,255 Public: S&P 600 Technology Hardware and Equipment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – As a result of the significant uncertainties resulting from the ongoing COVID-19 pandemic, including the related severe global economic downturn, our Compensation Committee delayed granting the PSU portion of the 2020 executive officer equity compensation awards in order to consider the appropriate vesting criteria and timing later in 2020
Viavi Solutions Inc. $1,136 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation 50% of NEOs bonuses were granted to broad-based employees instead
Viavi Solutions Inc. $1,136 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Incentive 50% of NEOs bonuses were granted to broad-based employees instead
Methode Electronics, Inc. $1,024 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Effective April 5, implemented temporary salary reductions of 20%
Methode Electronics, Inc. $1,024 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Effective April 5, implemented temporary salary reductions of 20%
Methode Electronics, Inc. $1,024 Public: S&P 600 Technology Hardware and Equipment Non-Executives: Reduced Pay Implemented temporary salary reductions
Extreme Networks, Inc. $948 Public: S&P 600 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – For the second half of the fiscal 2020 short-term incentive program in light of the COVID-19 pandemic, the Compensation Committee took into consideration alternative metrics relative to the requirements under the restructured bank covenants and operating objectives that related to near-term priorities of the Company, as well as assessment of the Company’s health and well-being
Extreme Networks, Inc. $948 Public: S&P 600 Technology Hardware and Equipment Long-Term Incentive Plan Changes In fiscal 2020, the Compensation Committee granted time-based RSUs, as opposed to PSUs, to NEOs that vest based on continued service over three years, to encourage retention and to tie realizable compensation from such equity awards to the Company’s long-term stock price; In addition, our Compensation Committee granted 44% of our CEO’s annual equity award in the form of stock options, pursuant to which he will only realize value if our stock price increases; For fiscal 2021, half of our NEOs’ annual awards were awarded in the form of PSUs that may be earned, if at all, based on the Company’s stock price appreciation relative to the Russell 2000 Index over a three-year performance period
Extreme Networks, Inc. $948 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary In April 2020, the Compensation Committee approved a 6% base salary reduction for U.S.-based non-commissioned employees, including NEOs, that was in effect from April 16 through June 30, 2020
Extreme Networks, Inc. $948 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary In April 2020, the Compensation Committee approved a 6% base salary reduction for U.S.-based non-commissioned employees, including NEOs, that was in effect from April 16 through June 30, 2020
Extreme Networks, Inc. $948 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay In April 2020, in response to the unprecedented impact of COVID-19 on the Company’s Board voluntarily took a 6% reduction in their fees for the fiscal fourth quarter
Extreme Networks, Inc. $948 Public: S&P 600 Technology Hardware and Equipment Non-Executives: Reduced Pay In April 2020, the Compensation Committee approved a 6% base salary reduction for U.S.-based non-commissioned employees, including NEOs, that was in effect from April 16 through June 30, 2020
Extreme Networks, Inc. $948 Public: S&P 600 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses For fiscal 2020, no increases were made to the base salaries or target bonuses of the NEOs
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO salary has been reduced by 20%
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary NEO salaries have been reduced by at least 15%
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay Cash compensation for the board has been reduced
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Non-Executives: Suspended Raises and/or Bonuses Instituted a merit freeze for fiscal year 2021
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Reduced Workforce A reduction in workforce in connection with a global restructuring effort in our Test & Simulation business unit being executed in specifically targeted areas
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Furlough of Employees Other reductions in salaries or work schedules and temporary furloughs for employees
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses Instituted a merit freeze for fiscal year 2021
MTS Systems Corporation $829 Public: S&P 600 Technology Hardware and Equipment Suspended or Reduced Dividend Payments We are suspending our quarterly dividend of $0.30 per share
Knowles Corporation $764 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Such steps include, but are not limited to, temporarily reducing salaries of employees, including the CEO and executive team
Knowles Corporation $764 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Such steps include, but are not limited to, temporarily reducing salaries of employees, including the CEO and executive team
Knowles Corporation $764 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay Such steps include, but are not limited to, reducing the cash compensation of our board of directors
Knowles Corporation $764 Public: S&P 600 Technology Hardware and Equipment Non-Executives: Reduced Pay Such steps include, but are not limited to, temporarily reducing salaries of employees
Knowles Corporation $764 Public: S&P 600 Technology Hardware and Equipment Suspended Buyback Program Such steps include, but are not limited to, suspending our share repurchase program
Comtech Telecommunications Corp. $617 Public: S&P 600 Technology Hardware and Equipment Executives: Granted Discretionary Award On May 28, 2020, certain employees (including certain NEOs) were eligible to receive a loyalty stock option grant to reward them for long-term service and to provide further incentive to deliver long-term shareholder value during a period of uncertainty resulting from the COVID-19 pandemic and now terminated Gilat acquisition. Employees eligible for the program had to be employed for approximately ten years or more and have stock option awards outstanding at that time. The stock options vest over a five-year period. The ECC also considered these stock option awards when making determinations about long-term incentive awards in fiscal 2021
Daktronics, Inc. $609 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary In April 2020, reduced CEO salary 15%
Daktronics, Inc. $609 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary In April 2020, reduced NEO salaries 10%
Daktronics, Inc. $609 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay The Board elected in April 2020 to reduce the Directors’ annual $40,500 cash retainer fee by 15% effective April 1, 2020
Daktronics, Inc. $609 Public: S&P 600 Technology Hardware and Equipment Suspended 401(k) Match Effective for fiscal year 2020, the matching contribution program was suspended because of the COVID-19 pandemic
Daktronics, Inc. $609 Public: S&P 600 Technology Hardware and Equipment Furlough of Employees Manufacturing and field service teams have reduced capacity and furloughed employees
Daktronics, Inc. $609 Public: S&P 600 Technology Hardware and Equipment Suspended Buyback Program Suspended stock repurchases under share repurchase program
Daktronics, Inc. $609 Public: S&P 600 Technology Hardware and Equipment Suspended or Reduced Dividend Payments Suspended dividends for the foreseeable future
3D Systems Corporation $546 Public: S&P 600 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – revised the 2020 annual incentive plan by replacing the performance criteria with cost reduction goals; the plan will be based on performance during the second half of 2020
3D Systems Corporation $546 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Temporary reduction of 10% in the salaries of the Company’s executive officers, including its NEOs, effective immediately and until such later time as reinstated by the Compensation Committee. Reductions will not reduce a terminated NEO’s potential severance related award
3D Systems Corporation $546 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Temporary reduction of 10% in the salaries of the Company’s executive officers, including its NEOs, effective immediately and until such later time as reinstated by the Compensation Committee. Reductions will not reduce a terminated NEO’s potential severance related award
3D Systems Corporation $546 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay Non-employee directors elected to reduce their annual cash fees, committee chair fees and meeting fees by 10%, effective April 1 until such later time as reinstated by the Compensation Committee
3D Systems Corporation $546 Public: S&P 600 Technology Hardware and Equipment Furlough of Employees Temporary employee furloughs of 2 weeks on average
Badger Meter, Inc. $426 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO salary reduced by an undisclosed amount
Badger Meter, Inc. $426 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Executive salaries reduced by an undisclosed amount
Badger Meter, Inc. $426 Public: S&P 600 Technology Hardware and Equipment Furlough of Employees Company has furloughed an undisclosed amount of workers
CTS Corporation $424 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Temporary pay reductions
CTS Corporation $424 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Temporary pay reductions
CTS Corporation $424 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay Board cash compensation reduction
CTS Corporation $424 Public: S&P 600 Technology Hardware and Equipment Non-Executives: Reduced Pay Temporary pay reductions
CTS Corporation $424 Public: S&P 600 Technology Hardware and Equipment Suspended 401(k) Match Temporary suspension of 401(k) match
CTS Corporation $424 Public: S&P 600 Technology Hardware and Equipment Furlough of Employees Furloughs
FARO Technologies, Inc. $304 Public: S&P 600 Technology Hardware and Equipment Annual Incentive Plan Changes The new STIP goals provide a continued incentive for management to maximize the Company’s revenue and profitability performance given the impact of the COVID-19 pandemic; the Committee set the attainment of the new goals at a consistent level of difficulty with the original targets. The Committee also set an upper funding limit to be less than the amount that would have been funded had the Company achieved the target level of performance under the original STIP
Digi International Inc. $279 Public: S&P 600 Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – Our original annual incentive plan for fiscal 2020 was terminated in May 2020. The Committee replaced the annual plan with a revised incentive plan for the second half of fiscal 2020 that incorporated performance targets reflecting revised aggressive, yet achievable, levels of performance of the same financial metrics used in the original annual incentive plan. The target award amounts under the revised plan were equal to each Executive’s actual base salary for the second half of the year, resulting in targets of slightly less than 50% of the original annual incentive targets. The Second Half Fiscal 2020 Plan provided that no payout would be earned unless the threshold level of performance on both metrics was achieved. Any payment under the Second Half Fiscal 2020 Plan would be capped at 100% of the revised target, instead of permitting higher payout opportunities for performance up to 200% of target
Digi International Inc. $279 Public: S&P 600 Technology Hardware and Equipment Executives: Granted Discretionary Award On May 12, 2020, the Committee determined to grant incremental restricted stock unit awards to the NEOs in order to compensate executives for the reductions in base salary payments to conserve cash in response to the onset of the COVID-19 pandemic. The units had a fair market value approximating 10% of each Executive’s base salary for the second half of fiscal 2020. The RSUs vest in full on the first anniversary of the grant date
Digi International Inc. $279 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced CEO Base Salary Our Board of Directors and the executive team have reduced their cash compensation and base salaries by 10% for the next 6 months in exchange for equity.
Digi International Inc. $279 Public: S&P 600 Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Our Board of Directors and the executive team have reduced their cash compensation and base salaries by 10% for the next 6 months in exchange for equity.
Digi International Inc. $279 Public: S&P 600 Technology Hardware and Equipment Board of Directors: Reduced Pay Our Board of Directors and the executive team have reduced their cash compensation and base salaries by 10% for the next 6 months in exchange for equity
Digi International Inc. $279 Public: S&P 600 Technology Hardware and Equipment Suspended 401(k) Match We have indefinitely suspended our 401(K) matching program in the U.S. and its equivalent in Canada
Digi International Inc. $279 Public: S&P 600 Technology Hardware and Equipment Reduced Workforce We have eliminated 21 positions and reconfigured our workforce. We expect the payments associated with this restructuring to be complete by the fourth quarter of fiscal 2020
Cincinnati Bell Inc. $1,560 Public: S&P 600 Telecommunication Services Non-Executives: One-Time Bonus Rewarded employees a one-time bonus to be paid in the fourth quarter for their continued efforts during COVID-19
ATN International, Inc. $455 Public: S&P 600 Telecommunication Services Delay of Annual Meeting The 2020 Annual Meeting of Stockholders was delayed due to the COVID-19 pandemic. We expect to return to a normalized schedule for our 2021 Annual Meeting of Stockholders. Therefore, the date of the 2021 Annual Meeting will change by more than 30 days from the anniversary date of the 2020 Annual Meeting. As a result, the Company is disclosing a deadline for submission of stockholder proposals for inclusion in the proxy materials for the 2021 Annual Meeting
Spok Holdings, Inc. $148 Public: S&P 600 Telecommunication Services Executives: Reduced CEO Incentive Compensation In October 2018, Company Management presented to the Compensation Committee an adjustment to decrease STIP and LTIP compensation for the CEO and CFO. This adjustment was effective for 2019 and allowed for alignment with corporate goals while the Company continues its transition. The purpose of these changes was to free up additional resources for the Company’s research and development efforts. In addition, in early 2020, to demonstrate leadership in connection with the economic effects of the COVID-19 pandemic, our CEO voluntarily agreed to continue his 37.5% reduction in LTIP target award levels consistent with 2019 compensation
Spok Holdings, Inc. $148 Public: S&P 600 Telecommunication Services Board of Directors: Reduced Pay The Board unanimously approved converting the cash fee portion of our non-executive director compensation to stock awards for the remainder of 2020
Spok Holdings, Inc. $148 Public: S&P 600 Telecommunication Services Furlough of Employees Implemented furloughs
Atlas Air Worldwide Holdings, Inc. $3,211 Public: S&P 600 Transportation Annual Incentive Plan Changes Approved the addition of liquidity as an additional Company financial performance to ensure that the Company maintains an adequate and appropriate level of liquidity
Atlas Air Worldwide Holdings, Inc. $3,211 Public: S&P 600 Transportation Non-Executives: Additional Payments for On-Site Employees Premium pay for pilots operating in certain areas significantly impacted by COVID-19 and increased pay rates we provided to our pilots in May 2020
ArcBest Corporation $2,940 Public: S&P 600 Transportation Executives: Reduced CEO Base Salary Approved a 15% reduction in the salaries of all ArcBest NEOs and all other Section 16b Officers effective with the first pay period in April 2020 until further notice
ArcBest Corporation $2,940 Public: S&P 600 Transportation Executives: Reduced Other Executive Base Salary Approved a 15% reduction in the salaries of all ArcBest NEOs and all other Section 16b Officers effective with the first pay period in April 2020 until further notice
ArcBest Corporation $2,940 Public: S&P 600 Transportation Board of Directors: Reduced Pay 15% reduction in compensation of officers
ArcBest Corporation $2,940 Public: S&P 600 Transportation Non-Executives: Reduced Pay 15% reduction in the salaries nonunion employees and similar compensation adjustments for hourly nonunion employees
ArcBest Corporation $2,940 Public: S&P 600 Transportation Suspended 401(k) Match Suspension of the employer match of ArcBest’s nonunion 401(k) Plan
ArcBest Corporation $2,940 Public: S&P 600 Transportation Reduced Workforce Laid off 12% of our road drivers and 14% of our service center operations touch labor employees
Matson, Inc. $2,383 Public: S&P 600 Transportation Executives: Reduced CEO Base Salary The CEO’s base salary was reduced by 30% from May 1 through November 30, 2020
Matson, Inc. $2,383 Public: S&P 600 Transportation Executives: Reduced Other Executive Base Salary NEOs’ base salaries were reduced by 20% from May 1 through November 30, 2020
Matson, Inc. $2,383 Public: S&P 600 Transportation Board of Directors: Reduced Pay The Board of Directors also reduced its cash retainers and meeting fees by 30% from May 1 through November 30, 2020
SkyWest, Inc. $2,127 Public: S&P 600 Transportation Suspended Buyback Program Suspending dividend payments and share buybacks after it applied for federal relief cash
SkyWest, Inc. $2,127 Public: S&P 600 Transportation Suspended or Reduced Dividend Payments Suspending dividend payments and share buybacks after it applied for federal relief cash
Saia, Inc. $1,822 Public: S&P 600 Transportation Executives: Reduced CEO Incentive Compensation Performance compensation plans have been 100% suspended and executive compensation plans reduced
Saia, Inc. $1,822 Public: S&P 600 Transportation Executives: Reduced Other Executive Incentive Performance compensation plans have been suspended 100% and executive compensation plans reduced
Saia, Inc. $1,822 Public: S&P 600 Transportation Non-Executives: Suspended Raises and/or Bonuses Performance compensation plans have been suspended and executive compensation plans reduced
Saia, Inc. $1,822 Public: S&P 600 Transportation Non-Executives: One-Time Bonus Paid one-time bonus of $250 in July to employees who worked through these times
Saia, Inc. $1,822 Public: S&P 600 Transportation Furlough of Employees Made a difficult decision to furlough approximately 16% of the workforce, while also reducing hours across the company
Saia, Inc. $1,822 Public: S&P 600 Transportation Expanded Benefits Programs At the same time, we recognize the significant impact that this pandemic has on our employees, and we provide additional paid time off benefits to support those that may need to care for a friend or family member
Saia, Inc. $1,822 Public: S&P 600 Transportation Executives: Suspended Raises and/or Bonuses Performance compensation plans have been suspended and executive compensation plans reduced
Forward Air Corporation $1,270 Public: S&P 600 Transportation Furlough of Employees Furloughed roughly 90% of workforce
Allegiant Travel Company $990 Public: S&P 600 Transportation Executives: Reduced CEO Base Salary CEO will forgo 100% salary
Allegiant Travel Company $990 Public: S&P 600 Transportation Executives: Reduced Other Executive Base Salary President salary reduced 100%. Other officers will cut pay by 50%
Allegiant Travel Company $990 Public: S&P 600 Transportation Board of Directors: Reduced Pay Board members are forgoing 100% of cash compensation
Allegiant Travel Company $990 Public: S&P 600 Transportation Non-Executives: Reduced Pay Nearly 700 of our team-members have volunteered for a 60-day leave, at half pay
Allegiant Travel Company $990 Public: S&P 600 Transportation Furlough of Employees Furloughed roughly 130 pilots, a 13 percent reduction. 100 furloughed as of October 1, with an additional 30 expected November 1
Allegiant Travel Company $990 Public: S&P 600 Transportation Suspended Buyback Program Company has suspended stock buyback activity
Allegiant Travel Company $990 Public: S&P 600 Transportation Suspended or Reduced Dividend Payments Company has suspended dividend payments
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Executives: Reduced CEO Base Salary CEO has taken temporary reductions in compensation of 50% through at least September 30, 2020
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Executives: Reduced Other Executive Base Salary In addition to the above, our officers and members of the Board of Directors have taken temporary reductions in compensation ranging between 10% and 50% through at least September 30, 2020
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Board of Directors: Reduced Pay In addition to the above, our officers and members of the Board of Directors have taken temporary reductions in compensation ranging between 10% and 50% through at least September 30, 2020
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Non-Executives: Reduced Pay As of April 10, 2020, we have reduced 2020 wages and benefits by approximately $45 million through voluntary leave programs
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Reduced Workforce Implementing a workforce reduction
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Furlough of Employees Implemented voluntary leave options of varying lengths and timing across our organization, with over 50% of employees participating to remove approximately 57% of costs
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Suspended Buyback Program Suspended payment of dividends and stock repurchases through September 30, 2021
Hawaiian Holdings, Inc. $845 Public: S&P 600 Transportation Suspended or Reduced Dividend Payments Suspended payment of dividends and stock repurchases through September 30, 2021
Chesapeake Utilities Corporation $488 Public: S&P 600 Utilities Non-Executives: Additional Payments for On-Site Employees Premium pay for field employees through June
Volkswagen AG $260,100 Public Automobiles and Components Non-Executives: Guaranteed Pay Continuity Will continue to pay employees during factory closures of 3/27 to 4/10
Volkswagen AG $260,100 Public Automobiles and Components Furlough of Employees Furloughs for about 2500 members of its production and maintenance workforce effective April 11 are expected to last no more than four weeks. Company will continue to provide health care benefits, coverage of premiums and employees will still receive earned bonuses
Honda Motor Co., Ltd. $138,761 Public Automobiles and Components Non-Executives: Guaranteed Pay Continuity Announced it would extend closure of North American plants through 5/1. Previously said it would provide opportunities for pay, including full pay for some non-production days and pulling ahead vacation
Honda Motor Co., Ltd. $138,761 Public Automobiles and Components Furlough of Employees Furloughing roughly 14,400 production workers for two weeks as it extends a production shutdown through May 1
Nissan Motor Co., Ltd. $91,809 Public Automobiles and Components Furlough of Employees Furloughing about 10,000 workers as it extends a production suspension until at least April 27
Hyundai Motor Company $88,105 Public Automobiles and Components Non-Executives: Guaranteed Pay Continuity Paid workers during closure through 4/3 and allowed employees to use vacation to receive compensation through 4/10
Hyundai Motor Company $88,105 Public Automobiles and Components Expanded Benefits Programs Providing all full-time employees up to 10 extra days of paid time off for those directly impacted by the coronavirus. Offered short-term vehicle leases for Hyundai Motor America employees with college students who can benefit from temporary transportation while they are home during school closures
Tenneco Inc. $15,379 Public Automobiles and Components Executives: Reduced CEO Base Salary CEO salary reduced 100% for remainder of 2020
Tenneco Inc. $15,379 Public Automobiles and Components Executives: Reduced Other Executive Base Salary Executive leadership team (the CEO’s direct staff) will reduce their salaries 50% for remainder of 2020
Tenneco Inc. $15,379 Public Automobiles and Components Board of Directors: Reduced Pay Annual retainer fees of the Board of Directors will be reduced by 25% for the remainder of 2020
Tenneco Inc. $15,379 Public Automobiles and Components Non-Executives: Reduced Pay For Q2, overall salary costs will be reduced at least 25 percent through a combination of unpaid furloughs & net pay decreases; After Q2, overall salary costs will be reduced by at least 10% from the original levels for the remainder of 2020
Tenneco Inc. $15,379 Public Automobiles and Components Furlough of Employees For Q2, overall salary costs will be reduced at least 25% through a combination of unpaid furloughs & net pay decreases
Autoliv, Inc. $7,447 Public Automobiles and Components Executives: Reduced CEO Base Salary Executive officers have reduced their base salaries by 20% for the second quarter 2020
Autoliv, Inc. $7,447 Public Automobiles and Components Executives: Reduced Other Executive Base Salary The executive officers have reduced their base salaries by 20% for the second quarter 2020
Autoliv, Inc. $7,447 Public Automobiles and Components Board of Directors: Reduced Pay The Board members have reduced their annual base retainer by 20% for the second quarter
Autoliv, Inc. $7,447 Public Automobiles and Components Suspended or Reduced Dividend Payments The Company has decided to cancel the previously announced second quarter dividend that was scheduled for payment on June 4, 2020; suspended future dividends
Modine Manufacturing Company $1,976 Public Automobiles and Components Long-Term Incentive Plan Changes Revised current, in-process incentive plan – due to the performance of the Company resulting from the impact of COVID-19 and the Company’s desire to preserve cash, among other factors, at the end of fiscal year 2020 and continuing in fiscal year 2021, the Committee decided to defer its final determination of the timing and amount of the fiscal 2020 MIP payment, until the October 2020 Board meeting. However, in light of the impact of the coronavirus pandemic and other changing market conditions, the ONC Committee elected to replace the Performance Stock Award component of the LTIP with Performance Cash Awards, which will settle in cash rather than shares of the Company’s common stock. All other aspects of the LTIP, including the performance metrics and Target payout percentages applicable to each NEO, remain as described in the Proxy Statement
Modine Manufacturing Company $1,976 Public Automobiles and Components Executives: Reduced CEO Base Salary Reduced salary 20%
Modine Manufacturing Company $1,976 Public Automobiles and Components Executives: Reduced Other Executive Base Salary Reduced employee and executive salaries by 10% to 20%
Modine Manufacturing Company $1,976 Public Automobiles and Components Board of Directors: Reduced Pay Reduced board of directors annual cash compensation by 20%
Modine Manufacturing Company $1,976 Public Automobiles and Components Non-Executives: Reduced Pay Reduced employee and executive salaries by 10% to 20%
Modine Manufacturing Company $1,976 Public Automobiles and Components Suspended 401(k) Match In light of the economic uncertainty caused by the ongoing COVID-19 pandemic and the Company’s related expense reduction initiatives, effective as of July 15, 2020, the Company has determined to cease matching employee contributions to participant 401(k) accounts and Deferred Compensation Plan accounts until further notice
Modine Manufacturing Company $1,976 Public Automobiles and Components Furlough of Employees Implemented a combination of furloughs and shortened work weeks for salaried employee
Horizon Global Corporation $628 Public Automobiles and Components Furlough of Employees In North America, the Company expects to furlough a portion of its workforce at its manufacturing facilities in Reynosa, Mexico and distribution facilities in the U.S.
Sypris Solutions, Inc. $83 Public Automobiles and Components Executives: Reduced CEO Base Salary President/CEO will forgo 30% of his base salary indefinitely
Sypris Solutions, Inc. $83 Public Automobiles and Components Executives: Reduced Other Executive Base Salary The Company’s other NEOs have also agreed to forego 20% of their base salary indefinitely
Sypris Solutions, Inc. $83 Public Automobiles and Components Board of Directors: Reduced Pay Each non-employee director serving on the Board will forgo 100% of the cash- based portion of the 2020 annual retainer indefinitely
HSBC Holdings plc $41,612 Public Banks Suspended or Reduced Dividend Payments Company cancelled $0.21 per share dividend that was payable on April 14, 2020
Banco Santander, S.A. $38,948 Public Banks Executives: Reduced CEO Base Salary CEO total compensation reduced for 2020 by 50% and the cash saved will be diverted to a new fund to fight novel coronavirus
Banco Santander, S.A. $38,948 Public Banks Executives: Reduced CEO Incentive Compensation CEO total compensation reduced for 2020 by 50% and the cash saved will be diverted to a new fund to fight novel coronavirus
Banco Santander, S.A. $38,948 Public Banks Executives: Reduced Executive Chairman Pay Executive Chairman total compensation reduced for 2020 by 50% and the cash saved will be diverted to a new fund to fight novel coronavirus
Banco Santander, S.A. $38,948 Public Banks Board of Directors: Reduced Pay Non-executive directors at the bank will also reduce their earnings by 20% and the cash saved through the pay cuts will be diverted to a new fund to fight novel coronavirus
Banco Santander, S.A. $38,948 Public Banks Suspended or Reduced Dividend Payments Delaying dividend payout until 2021
Royal Bank of Canada $32,187 Public Banks Other Guaranteed that temporary branch closures will not impact employee job security
The Toronto-Dominion Bank $27,358 Public Banks Non-Executives: One-Time Bonus The bank gave all full- and part-time employees globally $500 as a reward for their efforts during the pandemic
Barclays PLC $23,292 Public Banks Executives: Reduced CEO Base Salary CEO giving away 33% of fixed pay for the next six months to help people affected by the coronavirus pandemic
Barclays PLC $23,292 Public Banks Executives: Reduced Executive Chairman Pay Chairman giving away 33% of fixed pay for the next six months to help people affected by the coronavirus pandemic
Barclays PLC $23,292 Public Banks Executives: Reduced Other Executive Base Salary Finance Director giving away 33% of fixed pay for the next six months to help people affected by the coronavirus pandemic
Barclays PLC $23,292 Public Banks Suspended Buyback Program For 2020 the Company will not undertake any interim ordinary share dividend payments, accrual of ordinary share dividends, or share buybacks
Barclays PLC $23,292 Public Banks Suspended or Reduced Dividend Payments For 2020 the Company will not undertake any interim ordinary share dividend payments, accrual of ordinary share dividends, or share buybacks
Société Générale Société anonyme $23,030 Public Banks Suspended or Reduced Dividend Payments Cancelled the dividend for 2019 following a recommendation from the European Central Bank
Banco Bilbao Vizcaya Argentaria, S.A. $18,946 Public Banks Executives: Reduced CEO Incentive Compensation Senior management (approximately 300 staff), including the CEO, will forgo more than 50M euros ($55.3M) in bonuses for 2020
Banco Bilbao Vizcaya Argentaria, S.A. $18,946 Public Banks Executives: Reduced Other Executive Incentive Senior management (approximately 300 staff), including the CEO, will forgo more than 50M euros ($55.3M) in bonuses for 2020
Banco Bilbao Vizcaya Argentaria, S.A. $18,946 Public Banks Non-Executives: Reduced Pay Senior management (approximately 300 staff), including the CEO, will forgo more than 50M euros ($55.3M) in bonuses for 2020
ING Groep N.V. $18,302 Public Banks Suspended or Reduced Dividend Payments In line with the ECB’s recommendations, will suspend any payment of dividends on its ordinary shares until at least October 2020
Intesa Sanpaolo S.p.A. $16,207 Public Banks Executives: Reduced CEO Incentive Compensation CEO donated 43% of 2019 bonus (€1 million of total bonus €2.3 million)
Intesa Sanpaolo S.p.A. $16,207 Public Banks Executives: Reduced Other Executive Incentive 21 top mangers will collectively donate approximately €5 million
Intesa Sanpaolo S.p.A. $16,207 Public Banks Expanded Benefits Programs Bank increased leave by six days for branch employees
Intesa Sanpaolo S.p.A. $16,207 Public Banks Suspended or Reduced Dividend Payments Postponed distribution of the 2019 dividend, with the intention of convening a new Shareholders’ Meeting after October 1 to consider the distribution of the originally planned dividend
UniCredit S.p.A. $13,184 Public Banks Executives: Reduced CEO Incentive Compensation Top management waived 100% of bonus for 2020
UniCredit S.p.A. $13,184 Public Banks Executives: Reduced Other Executive Incentive Top management waived 100% of bonus for 2020
UniCredit S.p.A. $13,184 Public Banks Suspended Buyback Program Withdrew shareholder resolution to authorize a stock buyback
UniCredit S.p.A. $13,184 Public Banks Suspended or Reduced Dividend Payments Withdrew shareholder resolution to grant dividend payout
CaixaBank, S.A. $7,697 Public Banks Executives: Reduced CEO Incentive Compensation CEO waived 100% 2020 annual bonus and 2020 share of long-term incentives Plan
CaixaBank, S.A. $7,697 Public Banks Delay of Annual Meeting Postponed annual meeting, originally scheduled for April 2
CaixaBank, S.A. $7,697 Public Banks Suspended or Reduced Dividend Payments Reduced proposed cash dividend for 2019 to €0.07 per share from €0.15 per share, and changed the 2020 dividend policy from a cash pay-out of greater than 50% of reported earnings to a cash pay-out not higher than 30% of reported earnings
Nationwide Building Society $3,465 Public Banks Executives: Reduced CEO Base Salary CEO said he would cut his salary by a 20% and give up his bonus.
Nationwide Building Society $3,465 Public Banks Executives: Reduced CEO Incentive Compensation CEO said he would cut his salary by a fifth and give up 100% of bonus
Banco Santander-Chile $2,130 Public Banks Suspended or Reduced Dividend Payments Company will consolidate any dividend payment into a single payment due to shareholders in May 2021
Radian Group Inc. $1,439 Public Banks Suspended Buyback Program Suspended share repurchases effective March 19
ING Bank Slaski S.A. $1,343 Public Banks Suspended or Reduced Dividend Payments Company will suspend dividend payments until October 1, 2020
South State Corporation $902 Public Banks Expanded Benefits Programs Expanded insurance coverage for testing and treatment of COVID-19, increased paid leave for team members unable to work due to lack of child or dependent care, paid leave for team members under quarantine due to COVID-19 exposure, additional compensation for team members with essential in-office jobs
Atlantic Union Bankshares Corporation $600 Public Banks Suspended Buyback Program Suspends Share Repurchase Program
First Interstate BancSystem, Inc. $597 Public Banks Non-Executives: Guaranteed Pay Continuity Continue to pay employees impacted by COVID-19 related issues
First Interstate BancSystem, Inc. $597 Public Banks Suspended Buyback Program Temporarily suspended share repurchases and could take other capital actions in response to the COVID-19 pandemic
First Interstate BancSystem, Inc. $597 Public Banks Expanded Benefits Programs Medical plans adjusted to eliminate co-insurance payment for COVID-19 testing; First Relief Employee Assistance Program expanded to provide support to employees experiencing financial challenges due to COVID-19
Heartland Financial USA, Inc. $536 Public Banks Non-Executives: Guaranteed Pay Continuity Committed to pay all employees at 100% through April 30. Employees who need time off because of illness, to care for a sick family member or to provide child care due to school or day care closings will be paid at their full rate
Heartland Financial USA, Inc. $536 Public Banks Non-Executives: Additional Payments for On-Site Employees Implemented a 20% wage premium for customer-facing and call center employees
Heartland Financial USA, Inc. $536 Public Banks Expanded Benefits Programs Expanded time off program and enhanced health care coverage for COVID-19 related testing and treatments
WSFS Financial Corporation $514 Public Banks Expanded Benefits Programs Offering employees 14 days of paid leave for childcare or other events related to the virus
First Merchants Corporation $433 Public Banks Expanded Benefits Programs Provided additional 80 hours of paid time off for all full time associates for COVID-19 related sick and dependent care; Covered the cost of any medical testing or care related to COVID-19 under medical plans; Over 1000 associates to work from home
1st Source Corporation $295 Public Banks Suspended Buyback Program Temporarily suspended the repurchase of common shares from the open market
Great Southern Bancorp, Inc. $196 Public Banks Non-Executives: One-Time Bonus Issued one-time bonus of $1,000 to all full-time employees and $600 to all part-time employees
Federal Agricultural Mortgage Corporation $190 Public Banks Suspended Buyback Program Indefinitely suspended repurchases under $10 million Board-authorized stock repurchase program
National Bank Limited $152 Public Banks Executives: Reduced CEO Base Salary Effective May 1, 2020, CEO salary reduced 20% through year-end 2020
National Bank Limited $152 Public Banks Executives: Reduced Other Executive Base Salary Effective May 1, 2020, salaries for the Senior Officers and VPs have been reduced 15% and 10% through year-end 2020
National Bank Limited $152 Public Banks Board of Directors: Reduced Pay Decreased cash retainer to directors by 25% through year-end 2020
National Bank Limited $152 Public Banks Furlough of Employees The Company recently implemented an employee-based furlough program and part-time work status impacting more than 30% of the Company’s U.S workforce
National Bank Limited $152 Public Banks Suspended or Reduced Dividend Payments Reduced the Company’s quarterly cash dividend to an annualized per share amount of $0.08
Altabancorp $123 Public Banks Suspended Buyback Program Suspended share repurchase program
Orrstown Financial Services, Inc. $107 Public Banks Suspended Buyback Program Suspended common stock buyback program
Airbus SE $61,054 Public Capital Goods Suspended or Reduced Dividend Payments Company withdrew 2019 dividend proposal of €1.80 per share
CNH Industrial N.V. $25,226 Public Capital Goods Executives: Reduced CEO Base Salary Acting Chief Executive Officer will take a 50% salary reduction for three months
CNH Industrial N.V. $25,226 Public Capital Goods Executives: Reduced Other Executive Base Salary Global Executive Committee will take a 20% salary reduction for three months
CNH Industrial N.V. $25,226 Public Capital Goods Board of Directors: Reduced Pay The Company’s Board of Directors eliminated 100% of their remuneration for the rest of year
Rolls-Royce Holdings plc $17,988 Public Capital Goods Executives: Reduced CEO Base Salary Salary reduction for senior managers and Executive Team of 10% and a deferral of 10%, with an additional bonus deferral for the CFO and CEO
Rolls-Royce Holdings plc $17,988 Public Capital Goods Executives: Reduced Other Executive Base Salary Salaries for our senior managers and Executive Team will be reduced by 20% for the rest of 2020, comprising a reduction of 10% and a deferral of 10%, with an additional bonus deferral for the CFO and CEO
Rolls-Royce Holdings plc $17,988 Public Capital Goods Board of Directors: Reduced Pay There will also be a corresponding reduction in fees for Non-Executive Directors of the Board for the remainder of the year
Rolls-Royce Holdings plc $17,988 Public Capital Goods Non-Executives: Reduced Pay Salaries for our senior managers will be reduced by 20%; Reducing salary costs across our global workforce by at least 10% in 2020
WESCO International, Inc. $12,326 Public Capital Goods Executives: Reduced CEO Base Salary Reduced CEO salary by 25% until September 30, 2020
WESCO International, Inc. $12,326 Public Capital Goods Executives: Reduced Other Executive Base Salary Reduced NEO salaries by 25% until September 30, 2020
WESCO International, Inc. $12,326 Public Capital Goods Board of Directors: Reduced Pay Reduced cash retainer compensation for directors by 25% until September 30, 2020
Navistar International Corporation $7,503 Public Capital Goods Executives: Reduced CEO Base Salary 35% of CEO salary has been deferred until the end of the year
Navistar International Corporation $7,503 Public Capital Goods Board of Directors: Reduced Pay 35% of Board compensation has been deferred until the end of the year
Navistar International Corporation $7,503 Public Capital Goods Non-Executives: Reduced Pay 10%-30% of base salaries have been deferred for U.S. based, salaried exempt, non-represented employees until the end of the year
Navistar International Corporation $7,503 Public Capital Goods Non-Executives: Suspended Raises and/or Bonuses Deferred merit based salary increases until 2021
Navistar International Corporation $7,503 Public Capital Goods Suspended 401(k) Match Deferred 401(k) match contributions until 2021
Navistar International Corporation $7,503 Public Capital Goods Reduced Workforce Reduced workweek for contracted workers by 20% until the end of the year
Navistar International Corporation $7,503 Public Capital Goods Executives: Suspended Raises and/or Bonuses Deferred merit based salary increases until 2021
Nexans S.A. $7,314 Public Capital Goods Executives: Reduced CEO Base Salary CEO compensation reduced 30% for the months of April and May
Nexans S.A. $7,314 Public Capital Goods Executives: Reduced Other Executive Base Salary Executive Committee salaries reduced 15% for April and May
Nexans S.A. $7,314 Public Capital Goods Board of Directors: Reduced Pay Remuneration reduced 30% for the months of April and May
Nexans S.A. $7,314 Public Capital Goods Non-Executives: Reduced Pay Top managers asked to reduce salaries voluntarily for April and May
Nexans S.A. $7,314 Public Capital Goods Non-Executives: Additional Payments for On-Site Employees For our frontline employees, who must attend production, logistics sites and installation, we have implemented an exceptional bonus of €750 monthly
Nexans S.A. $7,314 Public Capital Goods Furlough of Employees We will only use partial unemployment according to the needs identified, for periods as limited as possible
Beacon Roofing Supply, Inc. $6,944 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – excluded COVID impacts from performance
Beacon Roofing Supply, Inc. $6,944 Public Capital Goods Executives: Reduced CEO Base Salary CEO’s annual base pay was temporarily reduced by 25% over six bi-weekly pay periods.
Beacon Roofing Supply, Inc. $6,944 Public Capital Goods Executives: Reduced Other Executive Base Salary NEOs had their annual base pay temporarily reduced by 25% over four bi-weekly pay periods
Beacon Roofing Supply, Inc. $6,944 Public Capital Goods Non-Executives: Reduced Pay Implemented salary reductions throughout the organization
Beacon Roofing Supply, Inc. $6,944 Public Capital Goods Furlough of Employees Furloughed employees in operating and non-operating functions
Rush Enterprises, Inc. $4,736 Public Capital Goods Executives: Reduced CEO Base Salary Temporary 25% reduction in pay for CEO April through September 30
Rush Enterprises, Inc. $4,736 Public Capital Goods Executives: Reduced Other Executive Base Salary Temporary 10% reduction in pay for executives April through September 30
Rush Enterprises, Inc. $4,736 Public Capital Goods Board of Directors: Reduced Pay 10% cash retainer reduction for each of its members with respect to the cash retainer to be paid for 2020
Rush Enterprises, Inc. $4,736 Public Capital Goods Suspended Buyback Program Suspended its stock repurchase program
Vertiv Holdings Co. $4,236 Public Capital Goods Executives: Reduced CEO Base Salary The base salary of the named executive officers shall be reduced 10%effective March 30, 2020 until lifted by subsequent resolutions of the Compensation Committee and Board of Directors
Vertiv Holdings Co. $4,236 Public Capital Goods Executives: Reduced Other Executive Base Salary The base salary of the named executive officers shall be reduced 10% effective March 30, 2020 until lifted by subsequent resolutions of the Compensation Committee and Board of Directors
Vertiv Holdings Co. $4,236 Public Capital Goods Board of Directors: Reduced Pay Board of Directors resolved that the cash compensation of all non-employee directors of the company will likewise be reduced by 10% effective March 31, 2020 until lifted by subsequent resolutions of the Compensation Committee and Board of Directors
JELD-WEN Holding, Inc. $4,236 Public Capital Goods Executives: Reduced CEO Base Salary Salary reduced 25% until June 30 or for duration of crisis
JELD-WEN Holding, Inc. $4,236 Public Capital Goods Executives: Reduced Other Executive Base Salary NEO salaries reduced 25% until June 30 or for duration of crisis. Other executive officers’ salaries reduced by undisclosed amount
JELD-WEN Holding, Inc. $4,236 Public Capital Goods Board of Directors: Reduced Pay Cash fees and committee chair fees reduced 25% for duration of crisis
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Executives: Reduced CEO Base Salary Reduced pay for all U.S.-based executives by 20% until further notice on April 8
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Executives: Reduced Other Executive Base Salary Salary reduced 10% on March 24. Reduced pay for all U.S.-based executives by 20% until further notice on April 8
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Board of Directors: Reduced Pay Each element of compensation reduced 10% for the upcoming 2020-2021 term
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Non-Executives: Reduced Pay Implemented a four-day work week for its salaried workforce at its Wichita, Kansas facility until further notice
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Reduced Workforce Implemented workforce reductions of 2,800 employees in Wichita, Kansas and 400 employees in Oklahoma
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Furlough of Employees Initiated a 21 calendar-day furlough of production workers and managers supporting Boeing programs in Wichita, Kansas and Oklahoma
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Suspended Buyback Program Continued the suspension of its share repurchase program
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Other Initiated a voluntary retirement program for 850 hourly and salaried workers
Spirit AeroSystems Holdings, Inc. $3,405 Public Capital Goods Suspended or Reduced Dividend Payments Reduced its cash dividend to $0.01 per share
Sensata Technologies Holding plc $3,046 Public Capital Goods Executives: Reduced CEO Base Salary Salary reduced 100% to $1 through June 30
Sensata Technologies Holding plc $3,046 Public Capital Goods Executives: Reduced Other Executive Base Salary Effective April 1, 2020 through June 30, 2020, the base salary of each of the following named executive officers has been reduced by 25%: CFO, CTO, and EVP, Performance Sensing Auto
Sensata Technologies Holding plc $3,046 Public Capital Goods Board of Directors: Reduced Pay Reduced all cash retainer amounts owed to the non-management directors by 50% for the period beginning April 1, 2020 through June 30, 2020
Sensata Technologies Holding plc $3,046 Public Capital Goods Non-Executives: Reduced Pay Reduction in salaries and temporary furloughs for employees during the 2nd quarter;
Sensata Technologies Holding plc $3,046 Public Capital Goods Furlough of Employees Reduction in salaries and temporary furloughs for employees during the 2nd quarter;
Sensata Technologies Holding plc $3,046 Public Capital Goods Suspended Buyback Program Suspended share repurchase program
BlueLinx Holdings Inc. $2,845 Public Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced 100% to $1 per month for 6 months with the option to extend the time period
BlueLinx Holdings Inc. $2,845 Public Capital Goods Executives: Reduced Other Executive Base Salary Reduced or eliminated executive and key management base salaries for the next six months
BlueLinx Holdings Inc. $2,845 Public Capital Goods Furlough of Employees Furloughed approximately 15% of corporate workforce
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Executives: Reduced CEO Base Salary A 10% reduction in base salaries for all salaried employees
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Executives: Reduced CEO Incentive Compensation Suspension of 100% of incentive payments for the Company’s 2020 Incentive Plans (both Short and Long-Term), with the exception of marketing incentive plans designed to support direct selling to customers
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Executives: Reduced Other Executive Base Salary A 10% reduction in base salaries for all salaried employees
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Executives: Reduced Other Executive Incentive Suspension of 100% of incentive payments for the Company’s 2020 Incentive Plans (both Short and Long-Term), with the exception of marketing incentive plans designed to support direct selling to customers
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Non-Executives: Reduced Pay A 10% reduction in base salaries for all salaried employees
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Non-Executives: Suspended Raises and/or Bonuses Suspension of incentive payments for the Company’s 2020 Incentive Plans (both Short and Long-Term), with the exception of marketing incentive plans designed to support direct selling to customers
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Suspended 401(k) Match Suspension of all matching 401(k) program contributions, and suspension of the Company’s profit sharing program
Hyster-Yale Materials Handling, Inc. $2,812 Public Capital Goods Furlough of Employees Work-scheduled furloughs, including unpaid plant shutdowns, in lieu of a reduction in pay at manufacturing locations
MRC Global Inc. $2,560 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – The revised plan measures would only result in a maximum 50% payout of each participating executive officer’s Annual Bonus target amount for 2020. Under the revised plan the CEO and each other executive officer’s Annual Bonus would be based 75% on the full year 2020 cash flow from operations and 25% on full year 2020 safety measures. Because, under the revised plan, each executive would only have the opportunity to earn up to 50% of a possible target Annual Bonus, the cash flow from operations and safety measures are effectively 37.5% and 12.5% of a full Annual Bonus. For the full year cash flow from operations measure, the threshold target (for a 50% payout) would be set at $100 million and the maximum target (for a 100% payout) would be set at $200 million. For the full year safety measure, half would be based upon achieving a total recordable incident rate of less than 1.27, and half would be based upon achieving a lost workday rate of less than 0.41. A payout for these safety measures and targets would reflect performance that was an improvement over 2019 performance
CAE Inc. $2,556 Public Capital Goods Executives: Reduced CEO Base Salary Salary reductions of 50% for the CEO and executive team
CAE Inc. $2,556 Public Capital Goods Executives: Reduced Other Executive Base Salary Salary reductions of 50% for the CEO and executive team
CAE Inc. $2,556 Public Capital Goods Non-Executives: Reduced Pay The company also announced cost-containment measures, including salary freezes and salary reductions for staff not affected by reduced work weeks (30% for VPs, 20% for directors and managers, and 10% for group leaders and employees)
CAE Inc. $2,556 Public Capital Goods Furlough of Employees Temporarily laying off 2,600 of its 10,500 employees and placing another 900 employees on a reduced work week
CAE Inc. $2,556 Public Capital Goods Suspended Buyback Program The measures include temporarily suspending its common share dividend and share repurchase plan
CAE Inc. $2,556 Public Capital Goods Suspended or Reduced Dividend Payments Temporarily suspended common share dividend
REV Group, Inc. $2,278 Public Capital Goods Executives: Reduced CEO Base Salary Temporarily lowering salary by 40%
REV Group, Inc. $2,278 Public Capital Goods Executives: Reduced Other Executive Base Salary Temporarily lowering its Executive team and VP base salaries 10% to 40%
REV Group, Inc. $2,278 Public Capital Goods Board of Directors: Reduced Pay Board of Directors is also reducing their cash compensation by 30% temporarily
REV Group, Inc. $2,278 Public Capital Goods Non-Executives: Reduced Pay Temporarily lowering its VP base salaries between 10% to 40%
REV Group, Inc. $2,278 Public Capital Goods Furlough of Employees Furloughed most salaried employees within its Recreation segment
REV Group, Inc. $2,278 Public Capital Goods Suspended or Reduced Dividend Payments Suspended the Company’s quarterly dividend beginning the second quarter of 2020
Rexnord Corporation $1,911 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – incentive awards for the transition period under the MICP (as defined below) will be based on goals for the six-month period from July 1, 2020, to December 31, 2020. Since the transition period consists of nine months, awards will be adjusted to reflect 75% of the initially targeted incentive amount. MICP awards for the transition period will be paid in a combination of cash and common stock
Rexnord Corporation $1,911 Public Capital Goods Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The performance period for PSUs granted in calendar 2020 consists of the transition period and fiscal 2021. Vesting of these PSUs is solely dependent on goals related to absolute free cash flow conversion
Rexnord Corporation $1,911 Public Capital Goods Executives: Reduced CEO Base Salary Beginning of April 2020, CEO’s base salary was reduced 29% through December 31, 2020
Rexnord Corporation $1,911 Public Capital Goods Executives: Reduced Other Executive Base Salary Beginning of April 2020, other executives base salary reduced 23% through December 31, 2020
Rexnord Corporation $1,911 Public Capital Goods Suspended 401(k) Match During the transition period, the Company will begin making matching contributions to participants in the 401(k) Plan in Company common stock instead of in cash.
Rexnord Corporation $1,911 Public Capital Goods Executives: Suspended Raises and/or Bonuses Merit increases were not awarded to the Company’s executive officers
HEICO Corporation $1,787 Public Capital Goods Executives: Reduced CEO Base Salary Chairman & CEO will be taking a 20% salary reduction
HEICO Corporation $1,787 Public Capital Goods Executives: Reduced Other Executive Base Salary Co-Presidents, EVP & CFO, Senior Executive Vice President, and General Counsel will be taking a 20% salary reduction
HEICO Corporation $1,787 Public Capital Goods Board of Directors: Reduced Pay All members of our Board of Directors will reduce their compensation by 20% temporarily
HEICO Corporation $1,787 Public Capital Goods Non-Executives: Reduced Pay Some layoffs, temporary reduced work hours and temporary pay reductions at subsidiaries negatively impacted by the dramatic decline in commercial air travel
HEICO Corporation $1,787 Public Capital Goods Reduced Workforce Some layoffs, temporary reduced work hours and temporary pay reductions at subsidiaries negatively impacted by the dramatic decline in commercial air travel
HEICO Corporation $1,787 Public Capital Goods Furlough of Employees Some layoffs, temporary reduced work hours and temporary pay reductions at subsidiaries negatively impacted by the dramatic decline in commercial air travel
Atkore Inc. $1,765 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – To increase focus on the performance of Atkore in total, financial metric weightings for fiscal year 2020 were changed for Group/Business Unit Presidents. The weighting applied to the Group/Business Unit Adjusted EBITDA metric was decreased from 50% to 40% while the weighting applied to Atkore Adjusted EBITDA metric was increased from 30% to 40%
Atkore Inc. $1,765 Public Capital Goods Executives: Reduced CEO Base Salary Reduced the base salary for our CEO by 25% for the months of May and June in 2020
Atkore Inc. $1,765 Public Capital Goods Executives: Reduced Other Executive Base Salary Reduced the base salaries for all of our other NEOs by 10% for the months of May and June in 2020
Atkore Inc. $1,765 Public Capital Goods Board of Directors: Reduced Pay Reduced the non-employee director cash retainer by 25% for the months of May and June in 2020
Atkore Inc. $1,765 Public Capital Goods Furlough of Employees A limited number of employees were furloughed for periods of up to 60 days during the year
Atkore Inc. $1,765 Public Capital Goods Executives: Suspended Raises and/or Bonuses Delayed fiscal year 2020 base salary increases by three months from April 1, 2020 to July 1, 2020 for all NEOs
Advanced Drainage Systems, Inc. $1,674 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Deferral of a portion of the earned cash incentive payment from FY20 for the CEO and all Executive Vice Presidents to the extent that such payment would exceed the amount to be received at target level performance (with the excess being paid at a later time)
Advanced Drainage Systems, Inc. $1,674 Public Capital Goods Executives: Reduced CEO Base Salary 10% salary reduction for 24 members of the ADS and Infiltrator Water Technologies executive team
Advanced Drainage Systems, Inc. $1,674 Public Capital Goods Executives: Reduced Other Executive Base Salary 10% salary reduction for 24 members of the ADS and Infiltrator Water Technologies executive team
Advanced Drainage Systems, Inc. $1,674 Public Capital Goods Board of Directors: Reduced Pay 25% reduction in the cash compensation provided to the Board
Advanced Drainage Systems, Inc. $1,674 Public Capital Goods Reduced Workforce Adjusting the Company’s supply chain and manufacturing labor base to match anticipated demand
Advanced Drainage Systems, Inc. $1,674 Public Capital Goods Executives: Suspended Raises and/or Bonuses Elimination of annual salary adjustments for salaried employees in fiscal year 2021; Six month deferral of annual wage adjustments for our hourly employees
Steel Partners Holdings L.P. $1,423 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Implemented bonus payment deferrals
Steel Partners Holdings L.P. $1,423 Public Capital Goods Executives: Reduced CEO Base Salary The Company implemented salary reductions of up to 30% for salaried employees
Steel Partners Holdings L.P. $1,423 Public Capital Goods Executives: Reduced Other Executive Base Salary The Company implemented salary reductions of up to 30% for salaried employees
Steel Partners Holdings L.P. $1,423 Public Capital Goods Non-Executives: Reduced Pay The Company implemented salary reductions of up to 30% for salaried employees
Steel Partners Holdings L.P. $1,423 Public Capital Goods Non-Executives: Suspended Raises and/or Bonuses The Company implemented salary freezes
Steel Partners Holdings L.P. $1,423 Public Capital Goods Suspended 401(k) Match The Company implemented 401(k) match suspension
Steel Partners Holdings L.P. $1,423 Public Capital Goods Furlough of Employees The Company has initiated cost reduction actions, including deferral of management and board fees, employee furloughs, and staffing and salary reductions in certain operations to mitigate the financial impact of the COVID-19 pandemic
Steel Partners Holdings L.P. $1,423 Public Capital Goods Executives: Suspended Raises and/or Bonuses The Company implemented salary freezes
Park-Ohio Holdings Corp. $1,314 Public Capital Goods Executives: Reduced CEO Base Salary Reduced CEO salary by 100%
Park-Ohio Holdings Corp. $1,314 Public Capital Goods Executives: Reduced Other Executive Base Salary Reduced CFO and CLO salaries by 25%
Welbilt, Inc. $1,215 Public Capital Goods Executives: Reduced CEO Base Salary Executive Leadership voluntarily reduced their base salaries by 50% for the months of April and May of 2020
Welbilt, Inc. $1,215 Public Capital Goods Executives: Reduced Other Executive Base Salary Executive Leadership voluntarily reduced their base salaries by 50% for the months of April and May of 2020
Welbilt, Inc. $1,215 Public Capital Goods Board of Directors: Reduced Pay Cash compensation reduced 50% for April and May
Welbilt, Inc. $1,215 Public Capital Goods Non-Executives: Reduced Pay Other salaried employees are taking voluntary salary reductions of generally between 10% and 25% during this period
Welbilt, Inc. $1,215 Public Capital Goods Reduced Workforce Executed a reduction in force in the Americas region and Corporate functions of approximately 200 people
Welbilt, Inc. $1,215 Public Capital Goods Furlough of Employees Some salaried and hourly office and production employees have been, or will be, temporarily furloughed for various periods
Columbus McKinnon Corporation $809 Public Capital Goods Furlough of Employees Using furloughs to align administrative and plant staffing with the decline in demand
RBC Bearings Incorporated $727 Public Capital Goods Executives: Reduced CEO Base Salary The Company has initiated a partial furlough program for the Company’s executive officers under which these executive officers are not required to work on designated days in the months of May and June. As a result of the furloughs, these executive officers’ monthly base salaries are being reduced by approximately 25% for the two months. The Company is evaluating whether additional furloughs after June will be necessary
RBC Bearings Incorporated $727 Public Capital Goods Executives: Reduced Other Executive Base Salary The Company has initiated a partial furlough program for the Company’s executive officers under which these executive officers are not required to work on designated days in the months of May and June. As a result of the furloughs, these executive officers’ monthly base salaries are being reduced by approximately 25% for the two months. The Company is evaluating whether additional furloughs after June will be necessary
RBC Bearings Incorporated $727 Public Capital Goods Board of Directors: Reduced Pay The Board of Directors has decided to reduce by 25% the cash compensation payable to nonemployee directors for the year ending April 3, 2021
Commercial Vehicle Group, Inc. $691 Public Capital Goods Executives: Reduced CEO Base Salary 50% reduction of the compensation for CEO
Commercial Vehicle Group, Inc. $691 Public Capital Goods Executives: Reduced Other Executive Base Salary 40% reduction of the compensation for the remaining executive leadership team
Commercial Vehicle Group, Inc. $691 Public Capital Goods Board of Directors: Reduced Pay 20% reduction of annual cash retainer compensation for CVG’s Board of Directors
Commercial Vehicle Group, Inc. $691 Public Capital Goods Non-Executives: Reduced Pay 20% reduction of base wages for all global salaried personnel through a combination of furloughs and reductions
Commercial Vehicle Group, Inc. $691 Public Capital Goods Suspended 401(k) Match Elimination of 2020 401K matching program
Commercial Vehicle Group, Inc. $691 Public Capital Goods Reduced Workforce Select reduction in workforce and furloughing of production employees
Commercial Vehicle Group, Inc. $691 Public Capital Goods Furlough of Employees Select reduction in workforce and furloughing of production employees
Limbach Holdings, Inc. $577 Public Capital Goods Reduced Workforce Reduced headcount and hours
Limbach Holdings, Inc. $577 Public Capital Goods Furlough of Employees Implemented furloughs where possible
CSW Industrials, Inc. $386 Public Capital Goods Annual Incentive Plan Changes Revised go forward incentive plan – Compensation Committee confirmed all existing design characteristics of our Annual Incentive Plan, but approved the setting of quarterly targets for our operating income financial metric and the setting of an annual target for our operating cash flow financial metric
Thermon Group Holdings, Inc. $383 Public Capital Goods Executives: Reduced CEO Base Salary Salary reduced 10%
Thermon Group Holdings, Inc. $383 Public Capital Goods Executives: Reduced Other Executive Base Salary CFO salary reduced 10%. SVP salaries reduced 5%
Lawson Products, Inc. $342 Public Capital Goods Executives: Reduced CEO Base Salary Reduced salaries throughout organization
Lawson Products, Inc. $342 Public Capital Goods Executives: Reduced Other Executive Base Salary Reduced salaries throughout organization
Lawson Products, Inc. $342 Public Capital Goods Board of Directors: Reduced Pay Reduced board compensation
Lawson Products, Inc. $342 Public Capital Goods Non-Executives: Reduced Pay Reduced salaries throughout organization
Lawson Products, Inc. $342 Public Capital Goods Furlough of Employees Furloughed roughly 100 employees
LSI Industries Inc. $306 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – The FY19 performance metric of Operating Income was changed to Adjusted EBITDA. Revised go forward incentive plan – With respect to short term compensation, the STIP was redesigned for 2020 to reduce the potential maximum payout to 160% from 200%. Net sales remained in the FY20 STIP
LSI Industries Inc. $306 Public Capital Goods Executives: Granted Discretionary Award The Compensation Committee approved a partial discretionary bonus to the NEOs based on the improvement of the financial performance from fiscal 2019 to fiscal 2020 despite the impact of COVID
Houston Wire & Cable Company $303 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Original 2020 AIP performance goals had been overtaken by recent events and that the goals therefore should be replaced by two separate, new goals for “controlling the controllables”: Cut Debt in Half and Producing Positive Net Income
Houston Wire & Cable Company $303 Public Capital Goods Executives: Reduced CEO Base Salary The CEO reduced his salary 15%
Houston Wire & Cable Company $303 Public Capital Goods Board of Directors: Reduced Pay The board of directors reduced its fees 20%; the board of directors has elected to receive remaining compensation in stock, to free up cash for debt reduction
Houston Wire & Cable Company $303 Public Capital Goods Non-Executives: Reduced Pay The company reduced other employees’ compensation 5-10%.
Twin Disc, Incorporated $247 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – the Corporation suspended its annual Corporate Incentive Program for FY2020 due to the decline in oil and gas prices and the global COVID-19 pandemic, which both impacted the financial performance of the Corporation
Argan, Inc. $239 Public Capital Goods Furlough of Employees Required the temporary lay-off of the majority of APC’s workers
Manitex International, Inc. $185 Public Capital Goods Annual Incentive Plan Changes Revised current, in-process incentive plan – Payment of discretionary bonus awarded to NEOs in 2019 has been deferred due to COVID
Transcat, Inc. $173 Public Capital Goods Executives: Reduced CEO Base Salary Effective as of April 1, 2020 and until such time as the Board determines to reinstate such salaries in full or part, the President and Chief Executive Officer’s base salary is reduced by 20%
Transcat, Inc. $173 Public Capital Goods Executives: Reduced Other Executive Base Salary Effective as of April 1, 2020 and until such time as the Board determines to reinstate such salaries in full or part, the other named executive officers’ base salaries are reduced by 10%
Transcat, Inc. $173 Public Capital Goods Board of Directors: Reduced Pay The Board also agreed to reduce the cash retainer fees for directors, including additional cash retainer fees for chairpersons of each committee and the executive committee of the Board, by 20% until such time as the Board determines to reinstate such amounts in full or part
Orion Energy Systems, Inc. $151 Public Capital Goods Annual Incentive Plan Changes Revised go forward incentive plan – In early fiscal 2021, our compensation committee reconsidered our fiscal 2021 annual cash bonus program in light of the economic and operational uncertainty created by the COVID-19 pandemic and implemented a revised fiscal 2021 annual cash bonus program. The revised fiscal 2021 annual cash bonus program provides that our NEOs will be eligible to split a bonus pool equal to 50% of our net income (calculated after taking into account all bonuses) in excess of an amount to be determined in the discretion of the compensation committee based on its evaluation of all relevant factors, including particularly the impact of the COVID-19 pandemic on our results of operations and the effectiveness of management’s responses thereto. In addition, our compensation committee similarly determined to revise our $100,000 discretionary financial performance bonus pool to provide that the net income performance criteria will be determined at the discretion of the compensation committee based on the same criteria as our revised fiscal 2021 annual cash bonus program
Capstone Turbine Corporation $69 Public Capital Goods Executives: Reduced CEO Base Salary Capstone Leadership Team is volunteering to take a 25% temporary salary cut as well as the fiscal 2020 Executive Bonus in equity in lieu of cash if earned for 90 days
Capstone Turbine Corporation $69 Public Capital Goods Executives: Reduced Other Executive Base Salary Capstone Leadership Team is volunteering to take a 25% temporary salary cut as well as the fiscal 2020 Executive Bonus in equity in lieu of cash if earned for 90 days
Capstone Turbine Corporation $69 Public Capital Goods Non-Executives: Reduced Pay 25 other top company managers volunteered to take a similar 15% reduction in salary
Capstone Turbine Corporation $69 Public Capital Goods Furlough of Employees Furloughing approximately 70% of direct workforce for a minimum of 45 days
The ExOne Company $59 Public Capital Goods Executives: Reduced CEO Base Salary Salary reduced 20% for at least Q2 2020. On August 5, 2020, the Compensation Committee of the Board approved the grant of special equity awards of restricted stock to its leadership team, to be made on August 10, 2020, as a replacement for the 20% cash salary reduction continuing for the second half of the year
The ExOne Company $59 Public Capital Goods Executives: Reduced Other Executive Base Salary Senior leadership team salary reduced 20% for at least Q2 2020. On August 5, 2020, the Compensation Committee of the Board approved the grant of special equity awards of restricted stock to its leadership team, to be made on August 10, 2020, as a replacement for the 20% cash salary reduction continuing for the second half of the year
The ExOne Company $59 Public Capital Goods Board of Directors: Reduced Pay Cash portion of director fees reduced 20% for at least Q2 2020
Virgin Galactic Holdings, Inc. $1 Public Capital Goods Executives: Reduced CEO Incentive Compensation Reduced 2019 actual NEO bonuses by 50% due to COVID-19
Virgin Galactic Holdings, Inc. $1 Public Capital Goods Executives: Reduced Other Executive Incentive Reduced 2019 actual NEO bonuses by 50% due to COVID-19
R. R. Donnelley & Sons Company $5,650 Public Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Suspended 2020 employee merit increases across all levels of the Company
R. R. Donnelley & Sons Company $5,650 Public Commercial and Professional Services Furlough of Employees Executed an employee furlough program with RRD paid medical benefits
R. R. Donnelley & Sons Company $5,650 Public Commercial and Professional Services Executives: Suspended Raises and/or Bonuses Suspended 2020 employee merit increases across all levels of the Company
R. R. Donnelley & Sons Company $5,650 Public Commercial and Professional Services Suspended or Reduced Dividend Payments Temporarily suspended quarterly dividend effective immediately
ADT Inc. $5,298 Public Commercial and Professional Services Non-Executives: Guaranteed Pay Continuity Employees will receive 100% of regular compensation for up to 2 weeks if they are affected by COVID-19
ADT Inc. $5,298 Public Commercial and Professional Services Expanded Benefits Programs Implemented flexibility in our attendance policy, including access to paid time off, that encourages employees to stay home if they feel ill or need to care for at-home children
Steelcase Inc. $3,724 Public Commercial and Professional Services Annual Incentive Plan Changes Granted each of the NEOs a one-year performance unit award (approximately equal in size to the reduction of the officer’s Management Incentive Plan award) to be earned based on the Compensation Committee’s qualitative assessment of management’s performance in fiscal year 2021 in the following areas (collectively, the “FY21 Performance Measures”): cash flow, working capital, management of the COVID-19 crisis, product launch, customer satisfaction, employee satisfaction and human resource management, and implementation of certain critical projects and processes and strategic business criteria; Granted each of the NEOs a three-year performance unit award consistent with the awards granted in FY 2020 and selected the FY21 Performance Measures as the year 1 metrics for such awards; and selected the FY21 Performance Measures as the year 2 metrics for the three-year performance unit awards granted to the NEOs in FY 2020.
Steelcase Inc. $3,724 Public Commercial and Professional Services Executives: Reduced CEO Base Salary CEO salary reduced 100% to $1 for the remainder of the crisis. Pay restored to half his previous pay effective in May
Steelcase Inc. $3,724 Public Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Reduced the size of the one-year cash award made to each of the NEOs under the Company’s Management Incentive Plan for fiscal year 2021 compared to fiscal year 2020.
Steelcase Inc. $3,724 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary Senior management team will take a 60% reduction in their base pay for the remainder of the crisis; pay cut reduced to 20% effective in May
Steelcase Inc. $3,724 Public Commercial and Professional Services Board of Directors: Reduced Pay Cash compensation reduced 100% for duration of the crisis. The Board lowered the reduction in its cash retainer from a 100% reduction to a 50% reduction as of May
Steelcase Inc. $3,724 Public Commercial and Professional Services Non-Executives: Reduced Pay Beginning April 6, with only a few exceptions, office-based employees in the U.S. will temporarily move to a reduced work week and reduced salary level. Steelcase will pay 100% of health insurance premiums and certain other benefits during this time
Steelcase Inc. $3,724 Public Commercial and Professional Services Reduced Workforce Nearly all production employees in Michigan will be temporarily laid off. Steelcase will pay 100% of health care insurance premiums and certain other benefits during this time. As of May 26, 2020, the Company has called back most of its manufacturing workforce from temporary layoffs
Quad/Graphics, Inc. $2,930 Public Commercial and Professional Services Executives: Reduced CEO Base Salary CEO salary reduced by 50% until further notice
Quad/Graphics, Inc. $2,930 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary NEO salaries reduced 35% until further notice
Quad/Graphics, Inc. $2,930 Public Commercial and Professional Services Board of Directors: Reduced Pay Temporarily reduced director fees by 50%
Quad/Graphics, Inc. $2,930 Public Commercial and Professional Services Furlough of Employees Furloughing employees while maintaining medical benefits
Quad/Graphics, Inc. $2,930 Public Commercial and Professional Services Suspended or Reduced Dividend Payments Temporarily suspended the company’s quarterly dividend
Covanta Holding Corporation $1,904 Public Commercial and Professional Services Executives: Reduced CEO Base Salary Lowering compensation through a 50% reduction in CEO wages
Covanta Holding Corporation $1,904 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary Lowering compensation through a 25% reduction in executive leadership wages
Covanta Holding Corporation $1,904 Public Commercial and Professional Services Board of Directors: Reduced Pay Lowering Board of Directors fees by 60% for the next 12 weeks
Covanta Holding Corporation $1,904 Public Commercial and Professional Services Non-Executives: Reduced Pay Lowering compensation through a 20% reduction in wages for all corporate support employees through a combination of wage reductions and furloughs
Covanta Holding Corporation $1,904 Public Commercial and Professional Services Furlough of Employees Lowering compensation through a 20% reduction in wages for all corporate support employees through a combination of wage reductions and furloughs
ACCO Brands Corporation $1,655 Public Commercial and Professional Services Executives: Reduced CEO Base Salary CEO salary has been reduced by 50%
ACCO Brands Corporation $1,655 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary U.S. based senior executive salaries have been reduced by 30%
ACCO Brands Corporation $1,655 Public Commercial and Professional Services Board of Directors: Reduced Pay Board cash retainer fees reduced by 50% temporarily
Knoll, Inc. $1,236 Public Commercial and Professional Services Executives: Reduced CEO Incentive Compensation Suspended all cash bonus accruals for both senior management and broader management team; this will result in cash compensation reductions of 10% to 50% for our top leaders
Knoll, Inc. $1,236 Public Commercial and Professional Services Executives: Reduced Other Executive Incentive Suspended all cash bonus accruals for both senior management and broader management team; this will result in cash compensation reductions of 10% to 50% for our top leaders
Knoll, Inc. $1,236 Public Commercial and Professional Services Non-Executives: Suspended Raises and/or Bonuses Cancelled mid-year salary increases that were planned
Knoll, Inc. $1,236 Public Commercial and Professional Services Suspended 401(k) Match Suspended certain retirement contributions
Knoll, Inc. $1,236 Public Commercial and Professional Services Executives: Suspended Raises and/or Bonuses Cancelled mid-year salary increases that were planned
Mistras Group, Inc. $611 Public Commercial and Professional Services Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee is changing the incentive compensation programs for our named executive officers. For the annual cash plan, the Committee is retaining the same financial metrics and have eliminated the individual component of the plan. The three financial metrics, revenue, Adjusted EBITDAS and free cash flow, will each be weighted equally at 1/3 of the total annual bonus plan
Mistras Group, Inc. $611 Public Commercial and Professional Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – As for the equity plan, we have also eliminated the individual component and will have four financial components. The equity plan will retain revenue, which will continue to account for 20% of the plan, and Adjusted EBITDAS, with the weighting increasing from 25% to 30%. The Compensation Committee will also be implementing two new metrics, free cash flow versus peers, which will have a weighting of 20%, and return on equity versus peers, which will have a weighting of 30%. The free cash flow versus peers and return on equity versus peers are both relative performance metrics. The free cash flow metric will compare our free cash flow, as a percentage of revenue, to that of the new compensation peer group listed above. The return on equity versus peers will calculate the return using net income and the shareholders’ equity (using an average of opening and closing equity balances) and compare our return versus the returns for the compensation peer group. The payout will depend on how well we perform versus the compensation peers, using a percentile method. A 100% payout will be earned if we are at the 50th percentile of the peer group, and will increase or decrease depending on performance, with a 50% payout at the 30th percentile, and a 200% payout at the 90th percentile or above. No payout will be earned if performance is below the 30th percentile. Compensation Committee has not set any financial targets at this time for the financial metrics in the plans which are not measured relative to peer performance. The Compensation Committee will assess the situation later in the year, based upon the circumstance
Mistras Group, Inc. $611 Public Commercial and Professional Services Executives: Reduced CEO Base Salary Salary reduced 45% for Q2 2020
Mistras Group, Inc. $611 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary Instituted a reduction for its NEOs ranging from 25% to 35% of base salary for Q2 2020
Mistras Group, Inc. $611 Public Commercial and Professional Services Board of Directors: Reduced Pay Non‐employee directors voluntarily agreed to a $3,750 reduction, 21%, in their second quarter 2020 payment
Mistras Group, Inc. $611 Public Commercial and Professional Services Non-Executives: Reduced Pay Instituted a reduction for salaried employees at levels lower than 25% for Q2 2020
Mistras Group, Inc. $611 Public Commercial and Professional Services Suspended 401(k) Match Retirement: Suspended Company’s voluntary match under the Company sponsored savings plans for its U.S. and Canadian employees
Charah Solutions, Inc. $566 Public Commercial and Professional Services Executives: Reduced CEO Base Salary In April 2020, we implemented a series of preemptive cost-cutting and cost savings initiatives across the Company including reductions in employee compensation
Charah Solutions, Inc. $566 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary In April 2020, we implemented a series of preemptive cost-cutting and cost savings initiatives across the Company including reductions in employee compensation
Charah Solutions, Inc. $566 Public Commercial and Professional Services Board of Directors: Reduced Pay In April 2020, we implemented a series of preemptive cost-cutting and cost savings initiatives across the Company including reductions in cash-based retainers to our Board of Directors
Charah Solutions, Inc. $566 Public Commercial and Professional Services Non-Executives: Reduced Pay In April 2020, we implemented a series of preemptive cost-cutting and cost savings initiatives across the Company including reductions in employee compensation
GP Strategies Corporation $505 Public Commercial and Professional Services Long-Term Incentive Plan Changes Because the Board continues to believe that long-term, equity-based compensation tied to the Company’s performance is an integral component of an effective compensation program, in place of the regular LTIP grants Board of Directors approved grants of performance-based restricted stock units to certain executives who it believes are key to the Company’s navigation of the current situation and emerging from it prepared for success
GP Strategies Corporation $505 Public Commercial and Professional Services Executives: Reduced CEO Incentive Compensation On July 17, 2020, the Board of Directors of GP Strategies Corporation, on the recommendation of its Compensation Committee, decided to not make any grants under the LTIP for the 2020-2022 performance period due to the volatile and uncertain economic circumstances arising out of the COVID-19 pandemic and the resulting difficulty in making the estimates and other decisions necessary for the LTIP to work as intended
GP Strategies Corporation $505 Public Commercial and Professional Services Executives: Reduced Other Executive Incentive On July 17, 2020, the Board of Directors of GP Strategies Corporation, on the recommendation of its Compensation Committee, decided to not make any grants under the LTIP for the 2020-2022 performance period due to the volatile and uncertain economic circumstances arising out of the COVID-19 pandemic and the resulting difficulty in making the estimates and other decisions necessary for the LTIP to work as intended
Willdan Group, Inc. $423 Public Commercial and Professional Services Executives: Reduced CEO Base Salary A temporary cash wage reduction of 75% for senior management
Willdan Group, Inc. $423 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary A temporary cash wage reduction of 75% for senior management
Willdan Group, Inc. $423 Public Commercial and Professional Services Board of Directors: Reduced Pay Suspension of 100% of cash fees for the Company’s Board of Directors, until such time as the Board determines
Willdan Group, Inc. $423 Public Commercial and Professional Services Non-Executives: Reduced Pay A temporary cash wage reduction for salaried employees, ranging from 0% for lower salary bands up to 75% for senior management
Willdan Group, Inc. $423 Public Commercial and Professional Services Furlough of Employees Reduction in workforce, primarily through an unpaid furlough, impacting approximately 300 staff
Heritage-Crystal Clean, Inc $413 Public Commercial and Professional Services Executives: Reduced CEO Base Salary Reduced salaries for all members of management
Heritage-Crystal Clean, Inc $413 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary Reduced salaries for all members of management
Heritage-Crystal Clean, Inc $413 Public Commercial and Professional Services Furlough of Employees Implemented employee furlough programs
CECO Environmental Corp. $322 Public Commercial and Professional Services Executives: Reduced CEO Base Salary Senior management team has agreed to a temporary salary reduction week of April 6, 2020 for a 6-week period
CECO Environmental Corp. $322 Public Commercial and Professional Services Executives: Reduced Other Executive Base Salary Senior management team has agreed to a temporary salary reduction week of April 6, 2020 for a 6-week period
CECO Environmental Corp. $322 Public Commercial and Professional Services Furlough of Employees Instituted a rolling 2-week furlough of U.S.-based employees during the 6-week period beginning the week of April 6
Virco Mfg. Corporation $191 Public Commercial and Professional Services Furlough of Employees California employees are working from home or, for workers on temporary furlough, they are being assisted in seeking worker benefits recently made available by the state government
adidas AG $23,644 Public Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Retail employees will continue to receive pay for all hours they were scheduled to work during March 18 to March 29 closures
adidas AG $23,644 Public Consumer Durables and Apparel Delay of Annual Meeting Announced March 19 that its annual meeting is postponed until further notice
BRP Inc. $4,577 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary President and CEO has decided to forgo 100% of salary
BRP Inc. $4,577 Public Consumer Durables and Apparel Board of Directors: Reduced Pay All remunerated members of BRP’s Board of Directors have elected to forgo 100% of the cash portion of their compensation until the end of 2020
BRP Inc. $4,577 Public Consumer Durables and Apparel Non-Executives: Reduced Pay Salary of all Directors and Vice Presidents is reduced by 15%; Salary of most office employees is reduced by 10%
BRP Inc. $4,577 Public Consumer Durables and Apparel Reduced Workforce Selected permanent layoffs
BRP Inc. $4,577 Public Consumer Durables and Apparel Furlough of Employees Temporary layoffs and furlough for some employees
Levi Strauss & Co. $4,453 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Reduced the base salary in effect for the Company’s CEO by 50% effective April 27 and ending on such future date as may be agreed upon by the board of director
Levi Strauss & Co. $4,453 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Temporarily reduce the base salaries payable to the Company’s executive and leadership teams as a group, with the amount of the reduction dependent upon the position of each individual within the organization
Levi Strauss & Co. $4,453 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Temporarily forgo 100% of cash retainer compensation for board service
Taylor Wimpey plc $4,146 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary A voluntary 30% reduction in base salary and pension for the duration of the Government-imposed lockdown
Taylor Wimpey plc $4,146 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary A voluntary 30% reduction in base salary and pension for the duration of the Government-imposed lockdown
Taylor Wimpey plc $4,146 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Non-Executive Directors will also take a 30% reduction in their fees for the duration of the Government-imposed lockdown
Taylor Wimpey plc $4,146 Public Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses The 2% annual salary increase due to come into effect on 1 April 2020 has been cancelled
Taylor Wimpey plc $4,146 Public Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses The Executive Incentive Scheme (annual bonus) has been cancelled and there will be no cash bonus payable in respect of the Company’s performance in 2020. The 2% annual salary increase due to come into effect on 1 April 2020 has been cancelled
Lululemon Athletica Inc. $3,979 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Senior Leadership Team will reduce salaries by 20% for three months
Lululemon Athletica Inc. $3,979 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Senior Leadership Team will reduce salaries by 20% for three months
Lululemon Athletica Inc. $3,979 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Cash retainer reduced 100% for three months
Lululemon Athletica Inc. $3,979 Public Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Continuing pay protection for employees through June 1
Lululemon Athletica Inc. $3,979 Public Consumer Durables and Apparel Suspended Buyback Program Temporarily paused its share repurchase program
Beazer Homes USA, Inc. $2,127 Public Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – Threshold performance level of achievement of Bonus Plan EBITDA would be lowered from $185.0 million to $157.7 million to increase the possibility of a minimum reward
Beazer Homes USA, Inc. $2,127 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Each NEO voluntarily reduced his salary by 20%, beginning April 1, 2020; These 20% reductions in base salary continued through September, the end of the fiscal year; NEOs voluntarily extended a portion of base salary reductions, equal to a 10% reduction of pre-pandemic annual salaries, into fiscal 2021; These pay reductions will remain in effect at least through the first half of fiscal 2021, at which time the Compensation Committee and management may reevaluate compensation opportunities based on an assessment of Company performance and market conditions
Beazer Homes USA, Inc. $2,127 Public Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation Since short-term incentive target award opportunities are expressed as a percentage of base salary, there was a decrease in these target award opportunities for the fiscal year corresponding to the reduction in base salaries; for FY2021, NEOS voluntarily agreed to 10% reductions in both their target short-term and long-term incentive award opportunities (expressed as percentages of base salary)
Beazer Homes USA, Inc. $2,127 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Each NEO voluntarily reduced his salary by 20%, beginning April 1, 2020; These 20% reductions in base salary continued through September, the end of the fiscal year; NEOs voluntarily extended a portion of base salary reductions, equal to a 10% reduction of pre-pandemic annual salaries, into fiscal 2021; These pay reductions will remain in effect at least through the first half of fiscal 2021, at which time the Compensation Committee and management may reevaluate compensation opportunities based on an assessment of Company performance and market conditions
Beazer Homes USA, Inc. $2,127 Public Consumer Durables and Apparel Executives: Reduced Other Executive Incentive Since short-term incentive target award opportunities are expressed as a percentage of base salary, there was a decrease in these target award opportunities for the fiscal year corresponding to the reduction in base salaries; for FY2021, NEOS voluntarily agreed to 10% reductions in both their target short-term and long-term incentive award opportunities (expressed as percentages of base salary)
Acushnet Holdings Corp. $1,560 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary In addition, the Company has taken several steps to strengthen its financial position, including a temporary reduction in senior management compensation
Acushnet Holdings Corp. $1,560 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary In addition, the Company has taken several steps to strengthen its financial position, including a temporary reduction in senior management compensation
Acushnet Holdings Corp. $1,560 Public Consumer Durables and Apparel Board of Directors: Reduced Pay In addition, the Company has taken several steps to strengthen its financial position, including temporarily suspending cash retainers of its Board of Directors
Acushnet Holdings Corp. $1,560 Public Consumer Durables and Apparel Furlough of Employees In addition, the Company has taken several steps to strengthen its financial position, including reducing payroll costs through associate furloughs
Acushnet Holdings Corp. $1,560 Public Consumer Durables and Apparel Suspended Buyback Program In addition, the Company has taken several steps to strengthen its financial position, including suspending its share repurchase program
Green Brick Partners, Inc. $952 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary In addition, effective as of April 1, 2020 the Company’s Chief Executive Officer voluntarily agreed to a 32% reduction in his base salary over the remainder of the year
Green Brick Partners, Inc. $952 Public Consumer Durables and Apparel Board of Directors: Reduced Pay In addition, effective as of April 1, 2020 each of the Company’s directors voluntarily agreed to reduce their cash retainers by 30% over the remainder of the year
Green Brick Partners, Inc. $952 Public Consumer Durables and Apparel Non-Executives: Reduced Pay Specifically, the Company has implemented a base salary reduction through the remainder of 2020 ranging from 5% to 30%
Green Brick Partners, Inc. $952 Public Consumer Durables and Apparel Reduced Workforce Specifically, the Company has implemented an approximately 18% reduction in its number of employees
GoPro, Inc. $892 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO will forego 100% of salary for the remainder of 2020
GoPro, Inc. $892 Public Consumer Durables and Apparel Board of Directors: Reduced Pay The Board of Directors will forgo 100% of their cash compensation for the remainder of 2020
GoPro, Inc. $892 Public Consumer Durables and Apparel Reduced Workforce Workforce reduction of over 200 employees, or 20% of the company
Lifetime Brands, Inc. $747 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Salary reduced 20% until the earlier of October 1 or for the duration of the crisis
Lifetime Brands, Inc. $747 Public Consumer Durables and Apparel Executives: Reduced Executive Chairman Pay Executive Chairman salary reduced 20% until the earlier of October 1 or for the duration of the crisis
Lifetime Brands, Inc. $747 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary President and CFO salaries reduced 12.5% until the earlier of October 1 or for the duration of the crisis
Lifetime Brands, Inc. $747 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Board of Directors also agreed to reduce the unpaid cash portion of their annual compensation by 20%
Lifetime Brands, Inc. $747 Public Consumer Durables and Apparel Furlough of Employees Furloughed a number of employees in various functions
Lifetime Brands, Inc. $747 Public Consumer Durables and Apparel Suspended or Reduced Dividend Payments Delayed quarterly dividend originally scheduled to be paid in May 2020
Canada Goose Holdings Inc. $681 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for at least the next three months
Canada Goose Holdings Inc. $681 Public Consumer Durables and Apparel Expanded Benefits Programs Created Employee Support Fund using CEO’s salary to provide financial support to workers affected by store closures
Hooker Furniture Corporation $611 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Temporarily reduced the base salary of CEO 20% starting with the April 2020 monthly payroll
Hooker Furniture Corporation $611 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Temporarily reduced the base salary of each executive officer by 15% to 20% starting with the April 2020 monthly payroll
Purple Innovation, Inc. $599 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Deferred 25% of the cash compensation of Senior Executives for duration of crisis
Purple Innovation, Inc. $599 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Deferred 25% of the cash compensation of Senior Executives for duration of crisis
Purple Innovation, Inc. $599 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Deferred 100% of cash compensation for duration of crisis
Purple Innovation, Inc. $599 Public Consumer Durables and Apparel Furlough of Employees Furloughed roughly 35% of permanent workforce
Superior Group of Companies, Inc. $490 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO salary reduced by 20% until further notice
Superior Group of Companies, Inc. $490 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary NEO salaries reduced by 20% until further notice
Superior Group of Companies, Inc. $490 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Non‐employee directors elected to reduce their Board and Committee meeting fees and annual retainer by 50%
Casper Sleep Inc. $474 Public Consumer Durables and Apparel Reduced Workforce Company laid off roughly 21% of work force and shut down European operations. Employees laid off will get severance payments, medical coverage, and job placement services
Casper Sleep Inc. $474 Public Consumer Durables and Apparel Furlough of Employees Furlough program will apply to retail employees
VOXX International Corporation $395 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO agreed to take a 25% reduction to his overall compensation which may include cash and/or stock compensation
VOXX International Corporation $395 Public Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation CEO agreed to take a 25% reduction to his overall compensation which may include cash and/or stock compensation
VOXX International Corporation $395 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Due to the impact of COVID-19, the fees paid to our non-management directors have been reduced by 20%, and thus our non-management directors receive an annual retainer of $40,000, plus $800 for each Board, Compensation Committee, Audit Committee, Nominating and Governance Committee, and Affiliate Transaction Committee meeting attended, whether by phone or in person. Chairs of each of the Audit, Compensation, and Nominating and Governance Committees will receive an additional $8,000 per year
Bassett Furniture Industries, Incorporated $386 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO will forgo 50% of salary
Bassett Furniture Industries, Incorporated $386 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary COO and CFO will forgo 50% of salaries. SVPs’ salaries were reduced by 25%
Bassett Furniture Industries, Incorporated $386 Public Consumer Durables and Apparel Non-Executives: Reduced Pay 20% reduction in base salary for all monthly salaried employees including members of management
Bassett Furniture Industries, Incorporated $386 Public Consumer Durables and Apparel Suspended or Reduced Dividend Payments Deferred payment of May 29, 2020 dividend until further notice
Vince Holding Corp. $375 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Company implemented tiered temporary salary reductions of the executive team and the temporary reduction in the retainer fees for the Company’s Board of Directors
Vince Holding Corp. $375 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Company implemented tiered temporary salary reductions of the executive team and the temporary reduction in the retainer fees for the Company’s Board of Directors
Vince Holding Corp. $375 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Temporary reduction in retainer fees
Vince Holding Corp. $375 Public Consumer Durables and Apparel Non-Executives: Reduced Pay Company implemented tiered temporary salary reductions of the executive team and the temporary reduction in the retainer fees for the Company’s Board of Directors
Vince Holding Corp. $375 Public Consumer Durables and Apparel Furlough of Employees The Company is taking several measures in response to the current business environment in relation to the COVID-19 pandemic, including furloughs of a majority of its employees
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Annual Incentive Plan Changes Revised current, in-process incentive plan – The awards for the fiscal year ended June 30, 2021 will be based on two six-month performance periods, July 1, 2020 to December 31, 2020, and January 1, 2021 to June 30, 2021
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Long-Term Incentive Plan Changes For awards under the LTIP for the 3-year period ended June 30, 2022, participants may earn 1/3 of the award in each of the three years based on meeting performance objectives for that year. The cumulative award payout for all three years is made after the end of the third year. The performance objectives for the second and third years were to be based on a set growth rate of the performance objectives over the previous year’s financial results
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Extended the CEO’s & 1 other NEO’s 25% salary cut from 2 months to 6 months
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Executives: Reduced CEO Incentive Compensation 60% reduction to CEO’s total compensation at target
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Restored June 1 salaries of 3 NEOs (CIO and 2 VPs) to 100% of pre-pandemic levels after 2-month 25% salary cut. Extended the CEO’s & 1 other NEO’s 25% salary cut from 2 months to 6 months
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Executives: Reduced Other Executive Incentive An anticipated total compensation at target reduction of up to 50% for all other executives earning over $150k a year
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Board of Directors: Reduced Pay 50% reduction of cash compensation for the Company’s Board of Directors for fiscal 2020
Flexsteel Industries, Inc. $367 Public Consumer Durables and Apparel Reduced Workforce A temporary lay-off of employees aligned with business requirements and location shutdowns
MasterCraft Boat Holdings, Inc. $363 Public Consumer Durables and Apparel Long-Term Incentive Plan Changes The Compensation Committee granted Supplemental PSUs to attract and motivate key employees whose existing fiscal 2019 and fiscal 2020 PSU grants were unlikely to achieve minimum performance goals due to the unprecedented effects of the current and ongoing COVID-19 pandemic. Supplemental PSUs are capped at 90% of the Existing PSUs original fair value, and would be reduced for any shares issuable upon satisfaction of the performance criteria pursuant to the Existing PSUs
Culp, Inc. $256 Public Consumer Durables and Apparel Long-Term Incentive Plan Changes The Committee further determined that, in light of the significant disruption in the Company’s stock price during the applicable three-year performance period, including as a result of the unprecedented disruption caused by the COVID-19 pandemic, as well as the upholstery fabrics division’s solid performance during the applicable performance period prior to the COVID-19 disruption, the criteria established by the Company with respect to the TSR moderator under the fiscal 2020 LTIP program, which caps the potential decrease in earned shares at a 25% adjustment, should be applied to Mr. Chumbley’s award under the fiscal 2018 LTIP program. Accordingly, the Committee determined that the Company’s three-year TSR result during the applicable performance period placed the Company in the bottom quartile of the applicable benchmark group under the fiscal 2018 LTIP program and therefore reduced Mr. Chumbley’s earned shares by 25%, resulting in the vesting and issuance of 2,458 shares to Mr. Chumbley
Culp, Inc. $256 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Reduction in base salary equal to 50% for the Company’s executive chairman/CEO
Culp, Inc. $256 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Reduction in base salary equal to 25% for each of the President, EVP, CFO, and Treasurer; The Company also implemented other salary reductions for all other executive officers
Culp, Inc. $256 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Additionally, the board of directors will forgo 100% of the cash portion of its compensation until further notice
Culp, Inc. $256 Public Consumer Durables and Apparel Non-Executives: Reduced Pay Implementing employee furloughs and temporary salary reductions within each of its divisions as part of its response to the COVID-19 pandemic
Culp, Inc. $256 Public Consumer Durables and Apparel Non-Executives: Suspended Raises and/or Bonuses Suspending merit pay increases until further notice
Culp, Inc. $256 Public Consumer Durables and Apparel Furlough of Employees Implementing employee furloughs and temporary salary reductions within each of its divisions as part of its response to the COVID-19 pandemic
Culp, Inc. $256 Public Consumer Durables and Apparel Suspended Buyback Program Suspending the company’s share repurchase program indefinitely
Culp, Inc. $256 Public Consumer Durables and Apparel Executives: Suspended Raises and/or Bonuses Suspending merit pay increases until further notice
The Lovesac Company $233 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO will forgo 20% of salary
The Lovesac Company $233 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary COO and CFO will forgo 20% of salary
The Lovesac Company $233 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Retainer and monitoring fees temporarily reduced. Extended associated payment timeline
The Lovesac Company $233 Public Consumer Durables and Apparel Non-Executives: Reduced Pay Salaries of senior management and full-time headquarter team members will be temporarily reduced by graduated amounts
The Lovesac Company $233 Public Consumer Durables and Apparel Reduced Workforce Reduction in workforce of approximately 445 part time employees (representing 57% of total company headcount)
Live Ventures Incorporated $192 Public Consumer Durables and Apparel Furlough of Employees Furloughed most employees
Charles & Colvard, Ltd. $29 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary Implemented temporary salary reductions for all employees, including 25% for the Chief Executive Officer beginning April 13, 2020 and ending on June 30, 2020
Charles & Colvard, Ltd. $29 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Implemented temporary salary reductions for all employees, including 15% for the Chief Financial Officer and Chief Operating Officer, beginning April 13, 2020 and ending on June 30, 2020
Charles & Colvard, Ltd. $29 Public Consumer Durables and Apparel Board of Directors: Reduced Pay Instituted a 50% reduction in Board Director fees
Charles & Colvard, Ltd. $29 Public Consumer Durables and Apparel Non-Executives: Reduced Pay Implemented temporary salary reductions for all employees, beginning April 13, 2020 and ending on June 30, 2020
Charles & Colvard, Ltd. $29 Public Consumer Durables and Apparel Furlough of Employees Furloughed employees
Charles & Colvard, Ltd. $29 Public Consumer Durables and Apparel Expanded Benefits Programs The Company extended new 401(k) benefits to assist employees with additional distributions and loan terms during this challenging time
Buddy Technologies Limited $21 Public Consumer Durables and Apparel Delay of Annual Meeting Delayed annual meeting date from April 29, 2020 to June 3, 2020
Buddy Technologies Limited $21 Public Consumer Durables and Apparel Suspended or Reduced Dividend Payments Reduced dividend payment from €1.00 to €0.50
Apex Global Brands Inc. $21 Public Consumer Durables and Apparel Executives: Reduced CEO Base Salary CEO and COO both voluntarily agreed to reduce their base compensation under their existing employment agreement by 25% for twelve weeks commencing April 3, 2020
Apex Global Brands Inc. $21 Public Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary The CFO voluntarily agreed to reduce his base compensation under his existing employment agreements by 15% for twelve weeks commencing April 3, 2020
Apex Global Brands Inc. $21 Public Consumer Durables and Apparel Board of Directors: Reduced Pay the Company’s non-executive directors have agreed to temporarily reduce their compensation by 25%
Apex Global Brands Inc. $21 Public Consumer Durables and Apparel Non-Executives: Reduced Pay These steps include, among other things, employee furloughs, layoffs, temporary salary reductions and other cost saving measures
Apex Global Brands Inc. $21 Public Consumer Durables and Apparel Reduced Workforce These steps include, among other things, employee furloughs, layoffs, temporary salary reductions and other cost saving measures
Apex Global Brands Inc. $21 Public Consumer Durables and Apparel Furlough of Employees These steps include, among other things, employee furloughs, layoffs, temporary salary reductions and other cost saving measures
Aramark $12,830 Public Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Discretionary Adjustment to 2020 award. NEO payout of 40% of target (achieved 10% of target payout, awarded a discretionary bonus equal to an additional 30 percentage points); adjustment was made company-wide to 5,300 employees; Revised go forward incentive plan – Changed Metrics: Removed individual component, amended two financial metrics, and broadened the performance leverage for two new metrics. Adjusted Operating Income changed to Adjusted Operating Income Margin. Threshold and max performance requirement changed to 25% and 200% (of target) from 40% and 150%, respectively, in 2020. Adjusted Revenue changed to Net New Revenue. Threshold and max performance requirement changed to 25% and 200% (of target) from 50% and 150%, respectively, in 2020
Aramark $12,830 Public Consumer Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – For 2018-2020 PSUs, modified performance period and made an accounting modification. Adjusted to measure performance for the first 30 months of the 36-month performance period, removing both the performance results and the portion of the performance targets attributable to the period when their business was hit by COVID (payout of 29.2% of target). Disclosed the incremental value of $800k and $1M for the CHRO and CFO, respectively (other NEOs were not with the company when PSUs were granted). Revised go forward incentive plan – Changed grant schedule and LTI mix. Granted fiscal 2021 awards in September 2020 rather than November 2020. Stated retention as the reason for the earlier than usual grants (CEO, CFO, and COO are all new). The company does not intend to grant annual equity awards to the NEOs in fiscal 2021 as the awards made in September 2020 were for fiscal 2021. Removed PSUs entirely from the fiscal 2021 awards to have a mix of 50% options and 50% RSUs. They intend to return to an LTI mix for fiscal 2022 that is at least 50% PSUs
Aramark $12,830 Public Consumer Services Executives: Granted Discretionary Award Granted special premium-priced options to all NEOs ($6M – $1.5M) vesting over five years, based on six specific stock price hurdles
Aramark $12,830 Public Consumer Services Executives: Reduced CEO Base Salary Temporarily reduce the salaries of certain of Aramark’s senior executives, including the Named Executive Officers, by 25% effective April 6, 2020; Restored levels prior to reduction effective October 3, 2020; however, the Company has committed to making no salary increases for any NEO for fiscal 2021
Aramark $12,830 Public Consumer Services Executives: Reduced Other Executive Base Salary Temporarily reduce the salaries of certain of Aramark’s senior executives, including the Named Executive Officers, by 25% effective April 6, 2020; Restored levels prior to reduction effective October 3, 2020; however, the Company has committed to making no salary increases for any NEO for fiscal 2021
Aramark $12,830 Public Consumer Services Board of Directors: Reduced Pay Temporarily reduce the cash retainer fee of the directors by 25%, effective April 6, 2020; Restored levels prior to reduction effective October 3, 2020; however, the Company has committed to making no salary increases for any NEO for fiscal 2021
Aramark $12,830 Public Consumer Services Furlough of Employees Placing some of our colleagues across the Company on temporary furlough. During this time, all employees who are enrolled in our medical plans will continue to receive full coverage. Taking steps to redeploy furloughed staff
Aramark $12,830 Public Consumer Services Expanded Benefits Programs Provide up to 21 additional days of sick time, once all accrued sick time has been exhausted; Extend company-paid medical benefits coverage through June 30, 2020 for associates enrolled in Aramark benefit plans who are dealing with reduced hours or site closures due to the COVID-19 outbreak
Yum China Holdings, Inc. $8,263 Public Consumer Services Annual Incentive Plan Changes Revised go forward incentive plan – Supplemented the annual performance metrics with additional key performance indicators (“KPIs”) as well as a relative TSR measure. For each NEO, the 2020 annual incentive awards will continue to be tied to the corporate performance goals (adjusted operating profit growth, same store sales growth, system gross new builds and system customer satisfaction), but with the combined weighting reduced from 100% of the team factor component of the annual incentive plan to 35% of the team factor component. The remaining 65% of the team factor component will be based on performance with respect to six KPIs, with an aggregate weight of 35%, and the Company’s relative TSR, weighted 30%.
Airbnb, Inc. $3,626 Public Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – The short-term incentive program was set to include multiple metrics tied to each of the company’s five stakeholders: hosts, guests, communities, employees, and shareholders. Due to the outbreak of COVID-19, the company suspended the bonus program for the first half of 2020 for all executives and employees, and resumed the bonus program in the second half of 2020 in line with the recovery of business and consistent with our compensation philosophy
Airbnb, Inc. $3,626 Public Consumer Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Delayed annual equity grants to executives from March 2020 to July 2020; In response to the significant decrease in the fair market value of common stock in the second quarter of 2020, determined grant sizes based on a premium to the per share fair value of stock on the grant date resulting in a smaller number of shares being awarded to the executives when compared to the grant sizes that would have been awarded using our historical methodology. Specifically, the number of options and RSUs granted were determined by converting the annual target grant values using a value that was 27.3% higher than the fair value on the date of grant. The exercise price for options was also set at a 27.3% premium to the fair market value of the common stock on the date of grant. Accordingly, these actions resulted in grants covering 27.3% fewer shares than the historical approach would have otherwise produced
Airbnb, Inc. $3,626 Public Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced 100% for the next six months, effective April 1, 2020
Airbnb, Inc. $3,626 Public Consumer Services Executives: Reduced Other Executive Base Salary Salaries for other named executive officers were voluntarily reduced by 50% for a six-month period, effective April 1, 2020
Airbnb, Inc. $3,626 Public Consumer Services Reduced Workforce Nearly 1,900 teammates will be laid off, comprising around 25% of the company. Those impacted by the layoffs will continue to be paid for 14 weeks (with an additional week of pay for every year worked), and their health insurance will run until the end of the year, up to a full 12 months depending on the country, in order to try and minimize their hardship
Laureate Education, Inc. $3,130 Public Consumer Services Executives: Reduced CEO Base Salary Effective May 16, 2020, the Company’s President and Chief Executive Officer, has agreed to a 20% temporary reduction in base salary for a 90-day period
Laureate Education, Inc. $3,130 Public Consumer Services Executives: Reduced Other Executive Base Salary Effective May 16, 2020, each of the Company’s other current NEOs has agreed to a 15% temporary reduction in base salary for a 90-day period
Laureate Education, Inc. $3,130 Public Consumer Services Board of Directors: Reduced Pay In addition, on May 6, 2020, the Company’s Board of Directors approved a voluntary 20% reduction in the amount of the cash board retainers payable during the second quarter of 2020 to each non-employee director of the Company
Vail Resorts, Inc. $1,964 Public Consumer Services Executives: Reduced CEO Base Salary Salary reduced 100% for 6 months
Vail Resorts, Inc. $1,964 Public Consumer Services Executives: Reduced Other Executive Base Salary Six-month salary reduction for all U.S. salaried employees that starts at 5% for those up to Grade 27, 7.5% for Grades 28/29, 10% for Grades 30/31, and then rises up to a 25% reduction for our most senior executives
Vail Resorts, Inc. $1,964 Public Consumer Services Board of Directors: Reduced Pay Eliminating 100% of the cash compensation for members of our Board of Directors for six months
Vail Resorts, Inc. $1,964 Public Consumer Services Non-Executives: Reduced Pay Six-month salary reduction for all U.S. salaried employees that starts at 5% for those up to Grade 27, 7.5% for Grades 28/29, 10% for Grades 30/31, and then rises up to a 25% reduction for our most senior executives
Vail Resorts, Inc. $1,964 Public Consumer Services Suspended 401(k) Match Suspending the Company’s 401(k) match for the next six months
Vail Resorts, Inc. $1,964 Public Consumer Services Furlough of Employees Furloughing nearly all U.S year-round hourly employees as of April 4, 2020, for at least the next one to two months, without pay, but with full healthcare coverage
Vail Resorts, Inc. $1,964 Public Consumer Services Suspended Buyback Program Eliminating June and September dividends to shareholders, saving the Company more than $140 million
Vail Resorts, Inc. $1,964 Public Consumer Services Suspended or Reduced Dividend Payments Suspending dividend payments for the next two quarters
InterContinental Hotels Group PLC $1,757 Public Consumer Services Suspended or Reduced Dividend Payments Company has suspended its quarterly cash dividend payments until further notice
Franchise Group, Inc. $1,742 Public Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced 50%
Franchise Group, Inc. $1,742 Public Consumer Services Executives: Reduced Other Executive Base Salary Executive officers salaries reduced 30% to 40%
Franchise Group, Inc. $1,742 Public Consumer Services Board of Directors: Reduced Pay Compensation reduced 50% temporarily
Franchise Group, Inc. $1,742 Public Consumer Services Furlough of Employees Furloughed workers to give them the ability to receive government benefits while committing to pay 100% of their health and welfare benefits through at least April 30
William Hill plc $1,640 Public Consumer Services Executives: Reduced CEO Base Salary CEO donated 100% of paychecks from now until sports resume to furloughed employees
William Hill plc $1,640 Public Consumer Services Furlough of Employees Furloughed 600 employees
J D Wetherspoon plc $1,614 Public Consumer Services Executives: Reduced CEO Base Salary Chief Executive will be taking a 50% pay cut, while other board members will also slash their salaries
J D Wetherspoon plc $1,614 Public Consumer Services Board of Directors: Reduced Pay Chairman will be taking a 50% pay cut, while other board members will also slash their salaries
J D Wetherspoon plc $1,614 Public Consumer Services Non-Executives: Guaranteed Pay Continuity Announced that it would be paying its furloughed staff, through the government’s furlough payment scheme of paying 80% of salaries for staff who are kept on by their employer, covering wages of up to £2,500 a month
Carrols Restaurant Group, Inc. $1,528 Public Consumer Services Executives: Reduced CEO Base Salary We have taken steps to reduce regional and corporate overhead by instituting a 10% reduction in all non-restaurant wages and enacting a company-wide hiring freeze
Carrols Restaurant Group, Inc. $1,528 Public Consumer Services Executives: Reduced Other Executive Base Salary We have taken steps to reduce regional and corporate overhead by instituting a 10% reduction in all non-restaurant wages and enacting a company-wide hiring freeze
Carrols Restaurant Group, Inc. $1,528 Public Consumer Services Non-Executives: Reduced Pay We have taken steps to reduce regional and corporate overhead by instituting a 10% reduction in all non-restaurant wages and enacting a company-wide hiring freeze
Carrols Restaurant Group, Inc. $1,528 Public Consumer Services Suspended Buyback Program We suspended any acquisition activity and share repurchases.
Bright Horizons Family Solutions Inc. $1,515 Public Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced 100% for 2020 or such time as a majority of Bright Horizons centers reopen
Bright Horizons Family Solutions Inc. $1,515 Public Consumer Services Executives: Reduced Other Executive Base Salary NEOs have elected to reduce salaries by 25% until the earlier of December 31, 2020 or such time as a majority of Bright Horizons centers closed as a result of COVID-19 reopen
Bright Horizons Family Solutions Inc. $1,515 Public Consumer Services Board of Directors: Reduced Pay Annual cash retainer and Chairman annual cash retainer reduced 100%
Huazhu Group Limited $1,478 Public Consumer Services Furlough of Employees Frozen new recruitments, streamlined our head office, and placed a number of hotel employees on a temporary furlough and/or reduced workdays
Houghton Mifflin Harcourt Company $1,069 Public Consumer Services Executives: Reduced CEO Base Salary Reduce 2020 annual cash base salary of CEO by 50%
Houghton Mifflin Harcourt Company $1,069 Public Consumer Services Executives: Reduced Other Executive Base Salary Reduce the 2020 annual cash base salary of members of the Company’s Executive Leadership Team by approximately 25%
Houghton Mifflin Harcourt Company $1,069 Public Consumer Services Board of Directors: Reduced Pay Cash compensation reduced 25% for 2020
Houghton Mifflin Harcourt Company $1,069 Public Consumer Services Non-Executives: Reduced Pay Director, executive and senior leadership salary reductions, and for the majority of employees, a four day work week with associated labor cost reductions
Extended Stay America, Inc. $1,052 Public Consumer Services Executives: Reduced CEO Base Salary President/CEO has agreed to 10% reduction for his base salary for the remainder of the 2020 calendar year
Extended Stay America, Inc. $1,052 Public Consumer Services Executives: Reduced Other Executive Base Salary All other NEOs agreed to a 20% reduction of her or his base salary for the period of April 4, 2020 through June 26, 2020
Extended Stay America, Inc. $1,052 Public Consumer Services Board of Directors: Reduced Pay Each non-employee director of the Company has agreed to a 20% reduction of her or his fees payable in respect of their services for the second quarter of 2020
Extended Stay America, Inc. $1,052 Public Consumer Services Suspended or Reduced Dividend Payments Suspended share buyback and lowered
Hilton Grand Vacations Inc. $1,005 Public Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced 100% through June 30
Hilton Grand Vacations Inc. $1,005 Public Consumer Services Executives: Reduced Other Executive Base Salary EVP salaries reduced 25%
Hilton Grand Vacations Inc. $1,005 Public Consumer Services Board of Directors: Reduced Pay Forgo 100% of annual cash retainer and fees for serving on the board of director and each of the committees until such time as the Board may determine in its discretion that such action is not necessary
Hilton Grand Vacations Inc. $1,005 Public Consumer Services Furlough of Employees The Company announced that it would place over 3,000 of its approximately 9,200 employees on furlough for a period of 90 days through the second quarter ending June 30, 2020
Hyatt Hotels Corporation $780 Public Consumer Services Executives: Reduced CEO Base Salary CEO is forgoing 100% of salary
Hyatt Hotels Corporation $780 Public Consumer Services Executives: Reduced Executive Chairman Pay Chairman of the Board is forgoing 100% of salary through the end of May
Hyatt Hotels Corporation $780 Public Consumer Services Executives: Reduced Other Executive Base Salary Senior Leadership Team is taking a salary cut of 50% through the end of May
Hyatt Hotels Corporation $780 Public Consumer Services Board of Directors: Reduced Pay Directors waive 100% of cash retainers, committee fees and dividend equivalent payments during the third and fourth calendar quarters of 2020, but the board would also delay issuing annual equity retainers until a yet-to-be-determined date. The reduced compensation will serve as an additional contribution to the Hyatt Care Fund
Hyatt Hotels Corporation $780 Public Consumer Services Non-Executives: Reduced Pay Pay and work reductions will impact all Hyatt corporate colleagues across our global regions, across all levels and responsibilities, from April 1 through May 31
Hyatt Hotels Corporation $780 Public Consumer Services Reduced Workforce Restructuring and layoffs that would impact 1,300 employees
Hyatt Hotels Corporation $780 Public Consumer Services Furlough of Employees Furlough or significantly reduce the schedules of two-thirds of its U.S. corporate employees from April 1 through May 31. Corporate employees will not face any changes in eligibility for health care or other benefits and the company will cover employee benefit premiums for up to two months. Temporarily furloughed employees will be encouraged to use personal-time-off days to cover pay during the furlough period
Golden Entertainment, Inc. $731 Public Consumer Services Executives: Suspended Raises and/or Bonuses The Company decided to not pay the NEO bonuses
SeaWorld Entertainment, Inc. $576 Public Consumer Services Executives: Granted Discretionary Award On April 12, 2020, in connection with a review of compensation matters, the Compensation Committee of the Board of Directors of SeaWorld Entertainment, Inc., approved certain equity awards designed to recognize employees for their extraordinary contributions and continued expected contributions to the Company and its long term goals during the global COVID-19 pandemic. The restricted stock units will vest 50% on each of the first two anniversaries of the grant date
SeaWorld Entertainment, Inc. $576 Public Consumer Services Executives: Reduced CEO Base Salary Executive officer salaries reduced 20% for duration of crisis. Bonuses and severance will be calculated using salaries prior to any reduction
SeaWorld Entertainment, Inc. $576 Public Consumer Services Executives: Reduced Other Executive Base Salary Executive officer salaries reduced 20% for duration of crisis. Bonuses and severance will be calculated using salaries prior to any reduction
SeaWorld Entertainment, Inc. $576 Public Consumer Services Furlough of Employees Temporarily furloughed over 90% of its current employees as of April 1, 2020
Select Interior Concepts, Inc. $566 Public Consumer Services Executives: Reduced CEO Base Salary Reduced salaries for management, led by the executive team including a 30% reduction for the Chief Executive Officer
Select Interior Concepts, Inc. $566 Public Consumer Services Executives: Reduced Other Executive Base Salary Reduced salaries for management, led by the executive team
Select Interior Concepts, Inc. $566 Public Consumer Services Board of Directors: Reduced Pay Eliminated 100% of Board of Director fees for the remainder of 2020
Select Interior Concepts, Inc. $566 Public Consumer Services Non-Executives: Reduced Pay Reduced salaries for management, led by the executive team
Select Interior Concepts, Inc. $566 Public Consumer Services Non-Executives: Suspended Raises and/or Bonuses Reduced bonuses and other general and administrative expenses
Select Interior Concepts, Inc. $566 Public Consumer Services Reduced Workforce Frozen hiring, targeted furloughs and reductions of workforce across business units
Select Interior Concepts, Inc. $566 Public Consumer Services Furlough of Employees Frozen hiring, targeted furloughs and reductions of workforce across business units
Select Interior Concepts, Inc. $566 Public Consumer Services Executives: Suspended Raises and/or Bonuses Reduced bonuses and other general and administrative expenses
Del Taco Restaurants, Inc. $492 Public Consumer Services Executives: Reduced CEO Base Salary CEO base salary reduced by 20%
Del Taco Restaurants, Inc. $492 Public Consumer Services Executives: Reduced Other Executive Base Salary CFO and COO base salaries reduced by 15%
Bluegreen Vacations Corporation $490 Public Consumer Services Reduced Workforce The Company has taken a number of additional actions including a reduction in force, temporary furloughs, and reduced work hours
Bluegreen Vacations Corporation $490 Public Consumer Services Furlough of Employees The Company has taken a number of additional actions including a reduction in force, temporary furloughs, and reduced work hours
Everi Holdings Inc. $409 Public Consumer Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary
Everi Holdings Inc. $409 Public Consumer Services Executives: Reduced Other Executive Base Salary Chief Operating Officer’s annual base salary will be reduced to $95,000 and all other executive officers’ annual base salaries will be reduced to $110,000
Everi Holdings Inc. $409 Public Consumer Services Board of Directors: Reduced Pay The Board of Directors elected to forgo 100% of their quarterly cash compensation for Board and related committee services during the pendency of the COVID-19 pandemic, effective as of April 1, 2020
Everi Holdings Inc. $409 Public Consumer Services Non-Executives: Reduced Pay The Company temporarily reduced the base salaries of a number of its salaried employees, effective as of March 30, 2020
Everi Holdings Inc. $409 Public Consumer Services Furlough of Employees Furloughed about 70% of employees
Everi Holdings Inc. $409 Public Consumer Services Executives: Suspended Raises and/or Bonuses Executives will forgo promotion-related salary increased expected for April 1, 2020
Noodles & Company $400 Public Consumer Services Executives: Reduced CEO Base Salary Salary reductions were also implemented across all executives and CSO employees not subject to furlough or reduced time
Noodles & Company $400 Public Consumer Services Executives: Reduced Other Executive Base Salary Salary reductions were also implemented across all executives and CSO employees not subject to furlough or reduced time
Noodles & Company $400 Public Consumer Services Board of Directors: Reduced Pay Cash compensation for the Board of Directors has been reduced
Noodles & Company $400 Public Consumer Services Non-Executives: Reduced Pay Salary reductions were also implemented across all executives and CSO employees not subject to furlough or reduced time
Noodles & Company $400 Public Consumer Services Furlough of Employees Approximately 10% of existing Central Support Office (“CSO”) headcount has been furloughed with an additional 20% reduced to half time
Bally’s Corporation $385 Public Consumer Services Furlough of Employees All salaried and hourly employees that have been furloughed will be guaranteed their jobs as the facilities reopen
Accel Entertainment, Inc. $363 Public Consumer Services Executives: Reduced CEO Base Salary CEO will forgo 100% of base salary, effective immediately
Accel Entertainment, Inc. $363 Public Consumer Services Executives: Reduced Other Executive Base Salary Senior management of the Company, including CEO, CFO, and GC, are forgoing 100% of their respective base salaries, effective immediately
Planet Fitness, Inc. $363 Public Consumer Services Executives: Reduced CEO Base Salary CEO has voluntarily elected to forgo 100% of his base salary
Planet Fitness, Inc. $363 Public Consumer Services Executives: Reduced Other Executive Base Salary The President, has voluntarily elected to take a 30% reduction in his base salary; The CFO Officer and the Chief Digital & Information Officer have voluntarily elected to take a 25% reduction in their base salaries
Planet Fitness, Inc. $363 Public Consumer Services Board of Directors: Reduced Pay The Board of Directors of the Company has also voluntarily elected to waive 100% of the directors’ annual cash retainer fees, beginning with the next quarterly fee payment
Planet Fitness, Inc. $363 Public Consumer Services Non-Executives: Reduced Pay In addition, the base salaries of other members of senior management were reduced in graduated amounts
Planet Fitness, Inc. $363 Public Consumer Services Furlough of Employees The Company determined it would implement a temporary furlough of all of its in-store staff at each of its corporate store locations; The temporary furlough will not impact the Company’s corporate store managers
Planet Fitness, Inc. $363 Public Consumer Services Suspended Buyback Program Suspension of share repurchases
Playa Hotels & Resorts N.V. $348 Public Consumer Services Executives: Reduced CEO Base Salary Salary reduced 100%
Playa Hotels & Resorts N.V. $348 Public Consumer Services Executives: Reduced Other Executive Base Salary NEO salaries reduced
Playa Hotels & Resorts N.V. $348 Public Consumer Services Non-Executives: Reduced Pay We have also imposed compensation cuts broadly throughout our corporate workforce
Carriage Services, Inc. $329 Public Consumer Services Executives: Reduced CEO Base Salary Reduced CEO salary by 15%
Carriage Services, Inc. $329 Public Consumer Services Executives: Reduced Other Executive Base Salary Reduced COO salary by 10% and reduced other executives’ salaries by 7.5%
Carriage Services, Inc. $329 Public Consumer Services Board of Directors: Reduced Pay Reduced quarterly cash retainer fees for directors by 15%
Potbelly Corporation $318 Public Consumer Services Executives: Reduced CEO Base Salary Annual base salaries all senior management have been temporarily reduced by 25%
Potbelly Corporation $318 Public Consumer Services Executives: Reduced Other Executive Base Salary Annual base salaries all senior management have been temporarily reduced by 25%
Potbelly Corporation $318 Public Consumer Services Board of Directors: Reduced Pay As of the beginning of the second quarter of 2020, the Board of Directors have elected to temporarily defer 100% of compensation
Potbelly Corporation $318 Public Consumer Services Non-Executives: Reduced Pay As of the beginning of the second quarter of 2020, we temporarily reduced salaries for all corporate employees
Potbelly Corporation $318 Public Consumer Services Non-Executives: Suspended Raises and/or Bonuses As of the beginning of the second quarter of 2020, we temporarily suspended merit increases, promotions, bonuses, and certain benefits
Potbelly Corporation $318 Public Consumer Services Furlough of Employees As of the beginning of the second quarter of 2020, we temporarily furloughed approximately one-third of corporate employees
Potbelly Corporation $318 Public Consumer Services Executives: Suspended Raises and/or Bonuses As of the beginning of the second quarter of 2020, we temporarily suspended merit increases, promotions, bonuses, and certain benefits
Denny’s Corporation $289 Public Consumer Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – The Board removed the 2019-2021 EPS Growth goal and will instead apply the 2019-2021 Relative TSR goal to the entire 2019 PSU award. The Board did not change the Relative TSR portion of either award
Denny’s Corporation $289 Public Consumer Services Executives: Reduced CEO Base Salary Salary reductions for CEO
Denny’s Corporation $289 Public Consumer Services Executives: Reduced Other Executive Base Salary Salary reductions for President, CFO, and other NEOs, as well as all other officers and director level employees
Denny’s Corporation $289 Public Consumer Services Board of Directors: Reduced Pay Cash retainer reduced
Denny’s Corporation $289 Public Consumer Services Non-Executives: Reduced Pay Salary reductions for President, CFO, and other NEOs, as well as all other officers and director level employees
Denny’s Corporation $289 Public Consumer Services Furlough of Employees Implemented work-reduction furloughs for employees
Denny’s Corporation $289 Public Consumer Services Suspended Buyback Program Suspended share repurchases as of February 27
OneSpaWorld Holdings Limited $257 Public Consumer Services Furlough of Employees Furloughed 96% of US and Caribbean based destination resort spa personnel
OneSpaWorld Holdings Limited $257 Public Consumer Services Suspended or Reduced Dividend Payments Company has deferred its scheduled dividend payment and withdrawn its previously announced dividend program
Target Hospitality Corp. $250 Public Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced April 1 to December 31 20%; effective August 5, CEO elected to receive his base salary in cash, rather than in the form RSUs, and will continue to be paid at the 20% reduced rate until year end
Target Hospitality Corp. $250 Public Consumer Services Executives: Reduced Other Executive Base Salary NEO salaries reduced April 1 to December 31 15% or 20%
Target Hospitality Corp. $250 Public Consumer Services Board of Directors: Reduced Pay The Company will reduce the cash retainer paid to non-employee directors 20% April 1 to December 31
Drive Shack Inc. $232 Public Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Management recommended to the Compensation Committee, and the committee agreed, that it would be prudent not to pay all NEO annual cash incentive bonuses relating to 2019 performance when annual cash incentive bonuses are normally paid. The Compensation Committee is still considering whether to pay the 2019 bonuses to the NEOs at a later time or to cancel the 2019 bonuses. The Compensation Committee noted to the Board that this decision was not related to its subjective determination of the performance of the applicable executives, but the challenging business circumstances inflicted by the pandemic at the company and within the industry as a whole
Drive Shack Inc. $232 Public Consumer Services Furlough of Employees Furloughed nearly all venue level hourly associates and managers, along with a significant number of the corporate team
Luby’s, Inc. $214 Public Consumer Services Executives: Reduced CEO Base Salary Accordingly, the base salaries of our NEOs, other than Christopher J. Pappas who is currently receiving one dollar ($1), are temporarily reduced 100%
Luby’s, Inc. $214 Public Consumer Services Executives: Reduced Other Executive Base Salary Accordingly, the base salaries of our NEOs are temporarily reduced
Luby’s, Inc. $214 Public Consumer Services Non-Executives: Reduced Pay On March 23, 2020, as the result of the COVID-19 pandemic, all senior management and other salaried employees will have their base salaries temporarily reduced by 50% until further notice
Luby’s, Inc. $214 Public Consumer Services Furlough of Employees More than half of its corporate office general and administrative staff on furlough
PlayAGS, Inc. $198 Public Consumer Services Executives: Reduced CEO Base Salary The Company has implemented company-wide salary reductions
PlayAGS, Inc. $198 Public Consumer Services Executives: Reduced Other Executive Base Salary The Company has implemented company-wide salary reductions
PlayAGS, Inc. $198 Public Consumer Services Non-Executives: Reduced Pay The Company has implemented company-wide salary reductions
PlayAGS, Inc. $198 Public Consumer Services Furlough of Employees The Company has implemented short-term furloughs, company-wide salary reductions, and an approximate 10% reduction of our workforce. We expect that our furloughed employees will continue to receive all their employee benefits during the furlough
Inspired Entertainment, Inc. $194 Public Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – The actual payment of 2019 bonuses under the STIP is being deferred as part of the COVID-19 pandemic remediation package proposed by management and approved by the Board
Inspired Entertainment, Inc. $194 Public Consumer Services Long-Term Incentive Plan Changes The Company determined not to award additional LTIP grants for 2020, and not create an LTIP structure for 2021 – 2023 at this time
Inspired Entertainment, Inc. $194 Public Consumer Services Executives: Reduced CEO Base Salary Temporary reduction in base salary of 21%
Inspired Entertainment, Inc. $194 Public Consumer Services Executives: Reduced Executive Chairman Pay Each of the named executive officers and other members of the OEC and other personnel of the Company consented to a temporary reduction in base salary, including 25% for the Executive Chairman
Inspired Entertainment, Inc. $194 Public Consumer Services Executives: Reduced Other Executive Base Salary Each of the named executive officers and other members of the OEC and other personnel of the Company consented to a temporary reduction in base salary, including 17% to 21% for the Named Executive Officers
Inspired Entertainment, Inc. $194 Public Consumer Services Board of Directors: Reduced Pay The Board also agreed to forgo 100% of Q2 cash retainer and will be reviewing any future cash retainer payments on a Q by Q basis for 2020
J. Alexander’s Holdings, Inc. $194 Public Consumer Services Non-Executives: Guaranteed Pay Continuity The Company has implemented an Hourly Team Member Emergency Sick Leave Policy (“ESLP”), which provides for up to two weeks of paid leave for hourly team members who are either infected by COVID-19 or employed at a restaurant that closed
J. Alexander’s Holdings, Inc. $194 Public Consumer Services Furlough of Employees Approximately 3,400 hourly employees that will not be assisting with the Company’s carry-out program have been furloughed until the Company resumes dine-in operations
Lindblad Expeditions Holdings, Inc. $158 Public Consumer Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Delayed payment of bonuses earned for performance in 2019
Lindblad Expeditions Holdings, Inc. $158 Public Consumer Services Executives: Reduced CEO Base Salary Implemented meaningful salary reductions across organization
Lindblad Expeditions Holdings, Inc. $158 Public Consumer Services Executives: Reduced Other Executive Base Salary Implemented meaningful salary reductions across organization
Lindblad Expeditions Holdings, Inc. $158 Public Consumer Services Board of Directors: Reduced Pay Delayed 100% of payment of cash compensation for directors
Lindblad Expeditions Holdings, Inc. $158 Public Consumer Services Non-Executives: Reduced Pay Implemented meaningful salary reductions across organization
Lindblad Expeditions Holdings, Inc. $158 Public Consumer Services Non-Executives: Suspended Raises and/or Bonuses Delayed payment of bonuses earned for performance in 2019
Revolution Bars Group plc $136 Public Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced by 50%
Revolution Bars Group plc $136 Public Consumer Services Executives: Reduced Other Executive Base Salary CFO salary reduced by 50% and implementing significant salary reductions for senior employees remaining in work
Revolution Bars Group plc $136 Public Consumer Services Board of Directors: Reduced Pay Non-Executive Directors salaries reduced by 50%
Revolution Bars Group plc $136 Public Consumer Services Non-Executives: Reduced Pay Implementing significant salary reductions for senior employees remaining in work
Revolution Bars Group plc $136 Public Consumer Services Furlough of Employees Furloughed 2,775 team members (98% of the Group’s workforce) through accessing the UK Government’s Coronavirus Job Retention Scheme
RCI Hospitality Holdings, Inc. $132 Public Consumer Services Executives: Reduced CEO Base Salary Reducing pay of the approximately 100 remaining employees to 75% of previous levels with plans to drop to 50% should closings last through the end of May
RCI Hospitality Holdings, Inc. $132 Public Consumer Services Executives: Reduced Other Executive Base Salary Reducing pay of the approximately 100 remaining employees to 75% of previous levels with plans to drop to 50% should closings last through the end of May
RCI Hospitality Holdings, Inc. $132 Public Consumer Services Non-Executives: Reduced Pay Reducing pay of the approximately 100 remaining employees to 75% of previous levels with plans to drop to 50% should closings last through the end of May
RCI Hospitality Holdings, Inc. $132 Public Consumer Services Furlough of Employees Furloughed 1,900 employees
Full House Resorts, Inc. $126 Public Consumer Services Reduced Workforce The reduction in the number of active employees from approximately 1,600 to approximately 30 today
Ark Restaurants Corp. $106 Public Consumer Services Suspended or Reduced Dividend Payments Company has deferred its scheduled dividend payment on April 6, 2020 until further notice
Nathan’s Famous, Inc. $103 Public Consumer Services Executives: Reduced CEO Base Salary Reduced base salaries of employees earning greater than $300,000 annually by 30% effective April 20, 2020 including CEO; no employee’s base salary would be less than $135,000 annually after giving effect of the salary reduction
Nathan’s Famous, Inc. $103 Public Consumer Services Executives: Reduced CEO Incentive Compensation The CEO’s fiscal 2020 bonus was based on the 81% achievement of the criteria, subject to a 20% reduction due to the impact of the COVID-19 pandemic on the operations of the Company
Nathan’s Famous, Inc. $103 Public Consumer Services Executives: Reduced Executive Chairman Pay Reduced base salaries of employees earning greater than $300,000 annually by 30% effective April 20, 2020 including Executive Chairman; no employee’s base salary would be less than $135,000 annually after giving effect of the salary reduction
Nathan’s Famous, Inc. $103 Public Consumer Services Executives: Reduced Other Executive Base Salary Reduced base salaries of employees earning between $150,000 and $300,000 annually by 20% including CFO; no employee’s base salary would be less than $135,000 annually after giving effect of the salary reduction
Red Lion Hotels Corporation $67 Public Consumer Services Executives: Reduced CEO Base Salary Interim CEO salary reduced 25%
Red Lion Hotels Corporation $67 Public Consumer Services Executives: Reduced Other Executive Base Salary Salaries of junior staff through EVP level reduced by 5% to 25%
Red Lion Hotels Corporation $67 Public Consumer Services Board of Directors: Reduced Pay Base retainer reduced 25% for Q2 2020
Red Lion Hotels Corporation $67 Public Consumer Services Non-Executives: Reduced Pay Salaries of junior staff through EVP level reduced by 5% to 25%
Red Lion Hotels Corporation $67 Public Consumer Services Reduced Workforce Reducing corporate workforce by roughly 40% to approximately 100 full-time equivalent employees. Severance expense of approximately $0.6 million will be recorded related to this reduction in force
Canterbury Park Holding Corporation $40 Public Consumer Services Executives: Reduced CEO Base Salary CEO salary reduced 50%
Canterbury Park Holding Corporation $40 Public Consumer Services Executives: Reduced Other Executive Base Salary CFO salary reduced 40%
Canterbury Park Holding Corporation $40 Public Consumer Services Board of Directors: Reduced Pay The Company also expects to adjust its director compensation, but has not yet taken formal action
Canterbury Park Holding Corporation $40 Public Consumer Services Non-Executives: Reduced Pay All Company employees who are not being furloughed will be subject to a salary reduction that will vary based on a combination of the employee’s salary and the employee’s responsibilities during the temporary shutdown
Canterbury Park Holding Corporation $40 Public Consumer Services Non-Executives: Suspended Raises and/or Bonuses Suspended 2020 short-term incentive plan and its long-term incentive plan until there is more certainty about the Company’s reopening and future operations
Canterbury Park Holding Corporation $40 Public Consumer Services Furlough of Employees All Canterbury Park employees, except for a limited number of key personnel required for basic ongoing maintenance, security and management needs, were being placed on an unpaid furlough
Canterbury Park Holding Corporation $40 Public Consumer Services Executives: Suspended Raises and/or Bonuses Suspended 2020 short-term incentive plan and its long-term incentive plan until there is more certainty about the Company’s reopening and future operations
Canterbury Park Holding Corporation $40 Public Consumer Services Suspended or Reduced Dividend Payments Suspended quarterly cash dividend that would normally be paid in April 2020
Transmetro Corporation Limited $17 Public Consumer Services Annual Incentive Plan Changes CEO deferred payment of entire 2019 bonus
Transmetro Corporation Limited $17 Public Consumer Services Long-Term Incentive Plan Changes CEO deferred 2020 Long-Term Incentive plan awards
Transmetro Corporation Limited $17 Public Consumer Services Executives: Reduced CEO Base Salary Reduced salaries of upper-level management by up to 30%. CEO has waived 100% of his 2020 base salary
Transmetro Corporation Limited $17 Public Consumer Services Executives: Reduced Other Executive Base Salary Reduced salaries of upper-level management by up to 30%
Transmetro Corporation Limited $17 Public Consumer Services Furlough of Employees Furloughed and laid off over half of its employees
Deutsche Bank Aktiengesellschaft $25,263 Public Diversified Financials Executives: Reduced CEO Base Salary Asked management board and the executive body below to waive one month of pay in March
Deutsche Bank Aktiengesellschaft $25,263 Public Diversified Financials Executives: Reduced Other Executive Base Salary Asked management board and the executive body below to waive one month of pay in March
Deutsche Bank Aktiengesellschaft $25,263 Public Diversified Financials Non-Executives: Reduced Pay Asked hundreds of top managers to join the executive committee, which gave up 100% of salary for one month
Deutsche Bank Aktiengesellschaft $25,263 Public Diversified Financials Reduced Workforce Cut 18,000 jobs. Action originally put on hold after the outbreak of the coronavirus pandemic in March
Credit Suisse Group AG $24,067 Public Diversified Financials Suspended Buyback Program Suspended future stock buybacks and canceled shares already bought back through capital reduction
Ally Financial Inc. $6,199 Public Diversified Financials Non-Executives: One-Time Bonus $1,200 financial assistance payment for employees earning less than $100,000
Ally Financial Inc. $6,199 Public Diversified Financials Suspended Buyback Program Suspended share repurchase program through June 30th
Ally Financial Inc. $6,199 Public Diversified Financials Expanded Benefits Programs Offering immediate paid medical leave for employees diagnosed with COVID-19 and paid caregiver leave for those who need to care for family members. Offering staff free access to mental health professionals by phone or text, as well as online health care services
Santander Consumer USA Holdings Inc. $4,419 Public Diversified Financials Non-Executives: Additional Payments for On-Site Employees $250 a week in pay premiums for frontline customer support workers
Santander Consumer USA Holdings Inc. $4,419 Public Diversified Financials Expanded Benefits Programs Established a Temporary Emergency Paid Leave Program that provides employees with up to 80 hours of additional paid time off to use – either continuously or intermittently, and before exhausting other paid time off
BGC Partners, Inc. $1,980 Public Diversified Financials Suspended or Reduced Dividend Payments Reduced quarterly dividend to $0.01 per common share
CURO Group Holdings Corp. $847 Public Diversified Financials Executives: Reduced CEO Incentive Compensation The Board of Directors cancelled 100% of the Company’s 2020 Short-Term Incentive Plan, which was adopted on February 5, 2020
CURO Group Holdings Corp. $847 Public Diversified Financials Executives: Reduced Other Executive Incentive The Board of Directors cancelled 100% of the Company’s 2020 Short-Term Incentive Plan, which was adopted on February 5, 2020
CURO Group Holdings Corp. $847 Public Diversified Financials Non-Executives: Suspended Raises and/or Bonuses The Board of Directors cancelled the Company’s 2020 Short-Term Incentive Plan, which was adopted on February 5, 2020
CURO Group Holdings Corp. $847 Public Diversified Financials Non-Executives: Guaranteed Pay Continuity Committed to pay all of its store personnel their full-time wages through May 2, regardless of staff scheduling changes that have resulted from COVID-19. The Company also implemented an emergency leave pay plan to ensure that employees are paid when they are unable to work due to COVID-19
CURO Group Holdings Corp. $847 Public Diversified Financials Non-Executives: One-Time Bonus CURO has committed to pay a bonus to all working store teammates to provide additional relief
CURO Group Holdings Corp. $847 Public Diversified Financials Suspended Buyback Program On March 15, 2020, the Company’s Board of Directors suspended its previously-announced $25 million share repurchase program
Chimera Investment Corporation $730 Public Diversified Financials Suspended or Reduced Dividend Payments Reduced cash dividend payment from $0.50 to $0.30 per share for the second quarter of 2020
LendingClub Corporation $585 Public Diversified Financials Executives: Reduced CEO Base Salary CEO salary reduced by 30%
LendingClub Corporation $585 Public Diversified Financials Executives: Reduced Other Executive Base Salary NEO salaries reduced by 25%
LendingClub Corporation $585 Public Diversified Financials Board of Directors: Reduced Pay Director cash retainers reduced by 30%
GAMCO Investors, Inc. $260 Public Diversified Financials Executives: Reduced CEO Base Salary On July 1, 2020, GAMCO Investors, Inc. (“GAMCO”) announced its Chairman and CEO, Mr. Mario J. Gabelli, has elected to waive all of his compensation that he would otherwise have been entitled to for the period from July 1, 2020 to November 10, 2020
Broadmark Realty Capital Inc. $180 Public Diversified Financials Suspended or Reduced Dividend Payments Reduced May 15, 2020 dividend payout from $0.08 to $0.06 per share
Ashford Inc. $162 Public Diversified Financials Executives: Reduced CEO Base Salary CEO salary reduced 20% for duration of crisis. Any amounts relinquished may be paid in the future at the board’s discretion
Ashford Inc. $162 Public Diversified Financials Executives: Reduced Other Executive Base Salary CFO and other NEO salaries reduced 15% for duration of crisis. Any amounts relinquished may be paid in the future at the board’s discretion
Ashford Inc. $162 Public Diversified Financials Board of Directors: Reduced Pay Cash retainer reduced 25% for duration of crisis
Ashford Inc. $162 Public Diversified Financials Non-Executives: Reduced Pay Salaries of employees will be cut in an effort to save funds
Ashford Inc. $162 Public Diversified Financials Furlough of Employees Furloughing about 90% to 95% of its 8,000 employees
Ashford Inc. $162 Public Diversified Financials Suspended or Reduced Dividend Payments Reduced Q1 2020 dividend by 50%
SSI Securities Corporation $151 Public Diversified Financials Executives: Reduced CEO Base Salary Reducing pay by at least 25% for its executive leadership team
SSI Securities Corporation $151 Public Diversified Financials Executives: Reduced Other Executive Base Salary Reducing pay by at least 25% for its executive leadership team
SSI Securities Corporation $151 Public Diversified Financials Board of Directors: Reduced Pay The Board of Directors will not receive compensation effective March 29, 2020 until further notice
SSI Securities Corporation $151 Public Diversified Financials Furlough of Employees Furloughing all of the Company’s associates in stores, field support roles and at the distribution centers; 87% of the employees at the support center are being furloughed effective March 29, 2020. Furloughed employees will still have benefits paid for by the Company
Funding Circle Holdings plc $113 Public Diversified Financials Executives: Reduced CEO Base Salary CEO will defer 50% of salary effective April 1 through June
Funding Circle Holdings plc $113 Public Diversified Financials Executives: Reduced Other Executive Base Salary 19 senior executives’ salaries reduced 30% effective April 1 through June
Funding Circle Holdings plc $113 Public Diversified Financials Board of Directors: Reduced Pay Compensation reduced 100% for the rest of 2020
Funding Circle Holdings plc $113 Public Diversified Financials Non-Executives: Reduced Pay Deferring 20% of salary effective April 1 through June
Funding Circle Holdings plc $113 Public Diversified Financials Reduced Workforce Laid off roughly 2,000 contract workers in North America
TPG RE Finance Trust, Inc. $107 Public Diversified Financials Suspended or Reduced Dividend Payments Company has delayed the payment of its $0.43 per share dividend until July 14, 2020
Crescent Capital BDC, Inc. $71 Public Diversified Financials Suspended Buyback Program Crescent BDC suspended its stock repurchase program effective after the close of trading on April 9, 2020
Marlin Business Services Corp. $69 Public Diversified Financials Executives: Reduced CEO Base Salary CEO voluntarily agreed to reduce his base salary by 25% effective from April 13 through May 31
Marlin Business Services Corp. $69 Public Diversified Financials Executives: Reduced Other Executive Base Salary Executive officers voluntarily agreed to reduce their base salaries by 15% effective from April 13 through May 31
Marlin Business Services Corp. $69 Public Diversified Financials Board of Directors: Reduced Pay Board of Directors voluntarily agreed to reduce their cash retainer by 25% effective from April 13 through May 31
Marlin Business Services Corp. $69 Public Diversified Financials Furlough of Employees 130 furloughed employees will continue to be covered under the Company’s healthcare plans and the Company will cover each impacted employee’s portion of their healthcare premium
Siebert Financial Corp. $37 Public Diversified Financials Executives: Reduced CEO Base Salary We have reduced the salary of higher-level employees and we are evaluating our compensation structure and vendor arrangements to identify areas where we can optimize our cost structure while maintaining operational efficiency and quality of the customer experience
Siebert Financial Corp. $37 Public Diversified Financials Executives: Reduced Other Executive Base Salary We have reduced the salary of higher-level employees and we are evaluating our compensation structure and vendor arrangements to identify areas where we can optimize our cost structure while maintaining operational efficiency and quality of the customer experience
Siebert Financial Corp. $37 Public Diversified Financials Non-Executives: Reduced Pay We have reduced the salary of higher-level employees and we are evaluating our compensation structure and vendor arrangements to identify areas where we can optimize our cost structure while maintaining operational efficiency and quality of the customer experience
Nicholas Financial, Inc. $37 Public Diversified Financials Furlough of Employees The Company is temporarily furloughing approximately 40 employees that represent 15% of the Company’s workforce; The Company anticipates the furlough period will end on May 17, 2020
Tremont Mortgage Trust $13 Public Diversified Financials Suspended or Reduced Dividend Payments Company has reduced quarterly dividend payments from $0.21 per share to $0.01 per share
Harvest Capital Credit Corporation $12 Public Diversified Financials Suspended or Reduced Dividend Payments Delayed record dates and payments of March 2020 and April 2020 until a later date
Sachem Capital Corp. $11 Public Diversified Financials Suspended or Reduced Dividend Payments Suspended dividend related decisions until the of the second quarter of 2020
Royal Dutch Shell plc $180,544 Public Energy Suspended Buyback Program Suspended share buyback
Canadian Natural Resources Limited $13,342 Public Energy Executives: Reduced CEO Base Salary Effective April 2020 the President’s annual salary has been reduced 20%
Canadian Natural Resources Limited $13,342 Public Energy Executives: Reduced Other Executive Base Salary Effective April 2020, Management Committee will have annual salaries reduced by 15%
Canadian Natural Resources Limited $13,342 Public Energy Board of Directors: Reduced Pay The Board of Directors has also agreed to reduce their annual Board cash retainer by 10%
Canadian Natural Resources Limited $13,342 Public Energy Non-Executives: Reduced Pay VPs will have annual salaries reduced by 12%
TechnipFMC plc $13,051 Public Energy Executives: Reduced CEO Base Salary CEO salary reduced by 30% until the end of the year
TechnipFMC plc $13,051 Public Energy Executives: Reduced Other Executive Base Salary Executive Leadership Team salaries reduced by 20% until the end of the year
TechnipFMC plc $13,051 Public Energy Board of Directors: Reduced Pay Directors’ retainers have been reduced by 30% through year-end
TechnipFMC plc $13,051 Public Energy Suspended or Reduced Dividend Payments Reduced dividend payments by 75%
Parkland Corporation $11,495 Public Energy Executives: Reduced CEO Base Salary Effective April 1 and for the remainder of 2020, CEO salary reduced 35%
Parkland Corporation $11,495 Public Energy Executives: Reduced Other Executive Base Salary Effective April 1 and for the remainder of 2020, leadership team salaries reduced 25%
Parkland Corporation $11,495 Public Energy Board of Directors: Reduced Pay Effective April 1 and for the remainder of 2020, director cash retainer fees reduced 25%
Cenovus Energy Inc. $10,381 Public Energy Executives: Reduced CEO Base Salary The President & CEO will have his annual base salary reduced by 25%
Cenovus Energy Inc. $10,381 Public Energy Executives: Reduced Other Executive Base Salary Other executive team members will take a 15% annual base salary reduction
Cenovus Energy Inc. $10,381 Public Energy Board of Directors: Reduced Pay Effective May 1, 2020, Board members will receive a 25% compensation reduction
Cenovus Energy Inc. $10,381 Public Energy Non-Executives: Reduced Pay Vice-Presidents and their equivalents in technical positions will receive a 12% annual base salary rollback; employees at other levels will experience a graduated smaller salary impact
Targa Resources Corp. $8,260 Public Energy Suspended or Reduced Dividend Payments Reduced quarterly dividend to $0.10 per share for the quarter ended March 31 from $0.91 per share in the previous quarter
DCP Midstream, LP $6,146 Public Energy Executives: Reduced CEO Base Salary Reduce base salary by 15%
DCP Midstream, LP $6,146 Public Energy Executives: Reduced Other Executive Base Salary The senior executive team also unanimously elected to reduce their base salary and variable compensation by between 15% and 10%
DCP Midstream, LP $6,146 Public Energy Reduced Workforce Announced a 15% workforce reduction across its nine-state footprint
DCP Midstream, LP $6,146 Public Energy Suspended or Reduced Dividend Payments Reduced dividend by 50% beginning with Q1 2020 distribution
Weatherford International plc $3,685 Public Energy Executives: Reduced CEO Base Salary Temporary pay reductions of 20% for management and to the Board of Directors’ annual cash retainer
Weatherford International plc $3,685 Public Energy Executives: Reduced Other Executive Base Salary Temporary pay reductions of 20% for management and to the Board of Directors’ annual cash retainer
Weatherford International plc $3,685 Public Energy Board of Directors: Reduced Pay Temporary pay reductions of 20% for management and to the Board of Directors’ annual cash retainer
Weatherford International plc $3,685 Public Energy Non-Executives: Reduced Pay Furloughs and pay reductions for remaining employees in the United States and selected international locations
Weatherford International plc $3,685 Public Energy Furlough of Employees Furloughs and pay reductions for remaining employees in the United States and selected international locations
Peabody Energy Corporation $2,881 Public Energy Executives: Reduced CEO Incentive Compensation The President & CEO and the Executive Vice President & COO have elected to voluntarily reduce 100% their respective bonuses under the Company’s Short-Term Incentive Plan (“STIP”) for 2020
Peabody Energy Corporation $2,881 Public Energy Executives: Reduced Other Executive Incentive The President & CEO and the Executive Vice President & COO have elected to voluntarily reduce 100% their respective bonuses under the Company’s Short-Term Incentive Plan (“STIP”) for 2020
Calumet Specialty Products Partners, L.P. $2,489 Public Energy Furlough of Employees 60-day furlough of the manufacturing employees at one of the facilities
Continental Resources, Inc. $2,408 Public Energy Suspended or Reduced Dividend Payments Suspended its quarterly dividend
Keyera Corp. $2,364 Public Energy Executives: Reduced CEO Base Salary Effective April 16, CEO salary reduced 20%
Keyera Corp. $2,364 Public Energy Executives: Reduced Other Executive Base Salary Effective April 16, President and Chief Commercial Officer salaries reduced 20% and officer salaries reduced 10%
Keyera Corp. $2,364 Public Energy Board of Directors: Reduced Pay Effective April 16, all fees for Board of Directors have been reduced by 20%
Keyera Corp. $2,364 Public Energy Suspended or Reduced Dividend Payments Suspended regular and premium dividend
TETRA Technologies, Inc. $2,349 Public Energy Executives: Reduced CEO Base Salary CEO salary reduced by 20% until further notice
TETRA Technologies, Inc. $2,349 Public Energy Executives: Reduced Other Executive Base Salary NEOs salaries reduced by 20% until further notice
TETRA Technologies, Inc. $2,349 Public Energy Board of Directors: Reduced Pay Director cash retainer and meeting fees reduced by 20% until further notice
Inter Pipeline Ltd. $1,884 Public Energy Executives: Reduced CEO Base Salary Effective April 1, CEO salary reduced 20%
Inter Pipeline Ltd. $1,884 Public Energy Executives: Reduced Other Executive Base Salary Effective April 1, executive salaries reduced 10%
Inter Pipeline Ltd. $1,884 Public Energy Board of Directors: Reduced Pay Effective April 1, director retainers reduced 15%
Inter Pipeline Ltd. $1,884 Public Energy Suspended or Reduced Dividend Payments Dividend reduction of 72% until further notice
California Resources Corporation $1,821 Public Energy Annual Incentive Plan Changes Revised current, in-process incentive plan – Under the revised program, each participating employee will be eligible to earn total payments for 2020, at the target level of performance, equal to that employee’s 2020 target variable compensation established earlier in the year. A portion of each employee’s target opportunity will be provided in the form of quarterly retention opportunities and a portion in the form of an incentive program. Under the incentive program, employees will earn 50% of the annual opportunity at target for the period through June 30, 2020, and 25% of the annual opportunity on each of September 30 and December 31, 2020, subject to continued employment and achievement of performance metrics determined by the Committee (the “Incentive Program”). Amounts earned under the Incentive Program for the third and fourth quarters may range from 0% to 200% of the target opportunity based on the level at which metrics are achieved. As a condition to receiving any award, participants will waive participation in the Company’s previously established 2020 annual incentive program and forfeit all long-term incentives previously granted in 2020
Secure Energy Services Inc. $1,592 Public Energy Executives: Reduced CEO Base Salary Executive management salaries cash retainers will be reduced by 15% effective April 2020
Secure Energy Services Inc. $1,592 Public Energy Executives: Reduced Other Executive Base Salary Executive management salaries cash retainers will be reduced by 15% effective April 2020
Secure Energy Services Inc. $1,592 Public Energy Board of Directors: Reduced Pay Annual Board of Directors cash retainers will be reduced by 15% effective April 2020
Secure Energy Services Inc. $1,592 Public Energy Suspended or Reduced Dividend Payments Dividend reduction from 2.25 cents per month to 0.25 cents per month effective May 1
Alliance Resource Partners, L.P. $1,328 Public Energy Suspended or Reduced Dividend Payments Suspended cash distribution to unitholders for the quarter ending March 31, 2020 and intends to revisit this decision following the second quarter
Crescent Point Energy Corp. $1,293 Public Energy Executives: Reduced CEO Base Salary Reduced salaries for executive team
Crescent Point Energy Corp. $1,293 Public Energy Executives: Reduced Other Executive Base Salary Reduced salaries for executive team
Crescent Point Energy Corp. $1,293 Public Energy Board of Directors: Reduced Pay Reduced salaries for Board of Directors
Oasis Petroleum Inc. $1,244 Public Energy Annual Incentive Plan Changes Revised bonus plan for 450 employees, including NEOs. Executive target bonus will be based 50% on continued employment, paid immediately, 25% on certain specified incentive metrics measured on a quarterly basis July 1, 2020 to December 31, 2020, and 25% on certain specified incentive metrics measured on a quarterly basis January 1, 2021 to June 30, 2021. Non-executive target variable compensation will be based 40% on certain specified incentive metrics measured on a quarterly basis from July 1, 2020 to June 30, 2021; 40% paid on a quarterly basis based on 12-month continued employment, and 20% will be paid immediately
Oasis Petroleum Inc. $1,244 Public Energy Long-Term Incentive Plan Changes Under the revised 2020 incentive compensation program, the 2020 long-term incentive awards have been forfeited and the Company’s named executive officers will have an opportunity to receive target variable compensation in an amount that represents the reduction relative to their 2019 target variable compensation (i.e., 2019 target annual cash incentive award opportunity and 2019 target long-term incentive award opportunity). For the Company’s named executive officers and certain other senior employees, the target variable compensation will be paid as follows: • 25% will be prepaid with an obligation to refund up to 100% of the compensation (on an after-tax basis) if certain specified incentive metrics measured on a quarterly basis are not achieved from July 1, 2020 to December 31, 2020; • 25% will be earned and payable following the achievement of certain specified incentive metrics measured on a quarterly basis from January 1, 2021 to June 30, 2021; and • 50% will be prepaid with an obligation to refund the compensation (on an after-tax basis) if they do not remain employed for a period of up to 12 months, unless they are terminated without cause or resign for good reason. For all other participants, the target variable compensation will be paid as follows: • 40% will be earned and payable following the achievement of certain specified incentive metrics measured on a quarterly basis from July 1, 2020 to June 30, 2021; • 40% will be paid on a quarterly basis over a 12-month period, subject to their continued employment; and • 20% will be paid immediately. As a condition to participating in the revised 2020 incentive compensation program, all participants are required to waive participation in the Company’s 2020 annual cash incentive plan and forfeit all 2020 long-term incentive awards
Oasis Petroleum Inc. $1,244 Public Energy Executives: Reduced CEO Incentive Compensation Reduced awards by 50% relative to 2019 target
Oasis Petroleum Inc. $1,244 Public Energy Executives: Reduced Other Executive Incentive Reduced awards by 50% relative to 2019 target
Oasis Petroleum Inc. $1,244 Public Energy Board of Directors: Reduced Pay The 2020 equity incentive (restricted stock) awards have been forfeited, and the Company’s non-employee directors will receive cash compensation in an amount that represents an approximately 50% reduction relative to their 2019 equity incentive awards. All non-employee director compensation will be paid in cash on a quarterly basis
Tervita Corporation $1,221 Public Energy Executives: Reduced CEO Base Salary CEO salary reduction of 15%
Tervita Corporation $1,221 Public Energy Executives: Reduced Other Executive Base Salary Executive leadership team salaries reduction of 10%;
Tervita Corporation $1,221 Public Energy Board of Directors: Reduced Pay Board of Directors cash retainer reduction of 15% and election to receive total retainer in non-cash deferred share units
Tervita Corporation $1,221 Public Energy Reduced Workforce Organizational restructuring of the Industrial Services segment and Tervita’s business services resulting in a 20% reduction to the size of the executive leadership team in addition to other employee headcount reductions
Tervita Corporation $1,221 Public Energy Suspended Buyback Program Suspension of share repurchases
NexTier Oilfield Solutions Inc. $1,203 Public Energy Executives: Reduced CEO Base Salary On May 5, 2020, the Company announced a temporary 20% salary reduction for all executive officers (including our named executive officers) through December 31, 2020
NexTier Oilfield Solutions Inc. $1,203 Public Energy Executives: Reduced Other Executive Base Salary On May 5, 2020, the Company announced a temporary 20% salary reduction for all executive officers (including our named executive officers) through December 31, 2020
NexTier Oilfield Solutions Inc. $1,203 Public Energy Board of Directors: Reduced Pay On May 5, 2020, the Company a temporary 20% reduction in the Board’s quarterly cash compensation effective July 1, 2020 through December 31, 2020.
Liberty Oilfield Services Inc. $966 Public Energy Executives: Reduced CEO Base Salary Temporary 50% salary reduction for NEOs for May through July
Liberty Oilfield Services Inc. $966 Public Energy Executives: Reduced CEO Incentive Compensation Suspended variable compensation plans 100%
Liberty Oilfield Services Inc. $966 Public Energy Executives: Reduced Other Executive Base Salary Temporary 50% salary reduction for NEOs for May through July
Liberty Oilfield Services Inc. $966 Public Energy Executives: Reduced Other Executive Incentive Suspended 100% of variable compensation plans
Liberty Oilfield Services Inc. $966 Public Energy Board of Directors: Reduced Pay 25% reduction in board pay for May through July
Liberty Oilfield Services Inc. $966 Public Energy Non-Executives: Suspended Raises and/or Bonuses Suspended variable compensation plans
Liberty Oilfield Services Inc. $966 Public Energy Suspended 401(k) Match Suspended variable compensation plans and our 401(k) match
Liberty Oilfield Services Inc. $966 Public Energy Reduced Workforce Reduction of personnel and staffed fleet count by approximately 50%
Liberty Oilfield Services Inc. $966 Public Energy Furlough of Employees Company-wide employee furlough plan
Liberty Oilfield Services Inc. $966 Public Energy Suspended or Reduced Dividend Payments Suspended dividend payments until further notice
Whiting Petroleum Corporation $901 Public Energy Annual Incentive Plan Changes Revised current, in-process incentive plan – Under the revised program, each full-time employee of the Company will be eligible to receive total payments in an amount that does not exceed that employee’s target variable compensation (i.e., 2020 target annual bonus and 2020 target long-term incentive award). Most employees will earn 25% of their target amount as of each of March 31, June 30, October 31 and December 31, 2020 if the employee is then employed by the Company. The target amount for our named executive officers and certain other executives will be paid immediately, subject to a requirement to repay 100% of the payment (on an after-tax basis) if the executive voluntarily terminates without Good Reason or is terminated for Cause (as such terms are defined in the program documentation) before the earlier of March 30, 2021 or the completion of the Chapter 11 Cases. As a condition to receiving any award, our named executive officers must waive participation in the Company’s 2020 annual bonus plan and forfeit all equity-related awards previously made in 2020
Whiting Petroleum Corporation $901 Public Energy Long-Term Incentive Plan Changes Revised current, in-process incentive plan – Under the revised program, each full-time employee of the Company will be eligible to receive total payments in an amount that does not exceed that employee’s target variable compensation (i.e., 2020 target annual bonus and 2020 target long-term incentive award). Most employees will earn 25% of their target amount as of each of March 31, June 30, October 31 and December 31, 2020 if the employee is then employed by the Company. The target amount for our named executive officers and certain other executives will be paid immediately, subject to a requirement to repay 100% of the payment (on an after-tax basis) if the executive voluntarily terminates without Good Reason or is terminated for Cause (as such terms are defined in the program documentation) before the earlier of March 30, 2021 or the completion of the Chapter 11 Cases. As a condition to receiving any award, our named executive officers must waive participation in the Company’s 2020 annual bonus plan and forfeit all equity-related awards previously made in 2020
Shawcor Ltd. $891 Public Energy Executives: Reduced CEO Base Salary CEO cash compensation has been reduced by 20%
Shawcor Ltd. $891 Public Energy Executives: Reduced Other Executive Base Salary Senior Executives’ cash compensation have been reduced by 10%
Shawcor Ltd. $891 Public Energy Board of Directors: Reduced Pay Board compensation has been reduced by 30%
Shawcor Ltd. $891 Public Energy Reduced Workforce Salaried workforce headcount has been reduced by 7.5%
Denbury Inc. $864 Public Energy Annual Incentive Plan Changes The 2020 variable compensation of 21 of the Company’s executives and certain senior managers, including each of its named executive officers (collectively, the “Senior Managers”), will be prepaid with an obligation to repay up to 100% of the compensation (on an after-tax basis) if certain conditions are not satisfied. The total amount that will be paid to the 21 Senior Managers will be approximately $15 million. The Company’s named executive officers’ 2020 variable compensation will be earned 50% based on their continued employment for a period of up to 12 months, and 50% based on achieving certain specified incentive metrics. As a condition to participating in the revised program, all Senior Managers are required to waive participation in the Company’s 2020 annual incentive plan, and all outstanding equity and cash-based compensation awards held by the Senior Managers have been cancelled
Denbury Inc. $864 Public Energy Executives: Reduced CEO Base Salary CEO elected to reduce his 2020 annualized base salary by 20%
Denbury Inc. $864 Public Energy Executives: Reduced CEO Incentive Compensation CEO agreed to reduce his 2020 target variable compensation by 35%
Denbury Inc. $864 Public Energy Executives: Reduced Other Executive Incentive CFO agreed to reduce his 2020 target variable compensation by 20%; Target variable compensation will remain at 2019 levels for the CAO, GC / Secretary
Denbury Inc. $864 Public Energy Suspended Buyback Program This program has effectively been suspended and we do not anticipate repurchasing shares of our common stock in the near future
Kosmos Energy Ltd. $804 Public Energy Non-Executives: Suspended Raises and/or Bonuses No planned cash bonuses for employees in 2020
Kosmos Energy Ltd. $804 Public Energy Reduced Workforce Reduction in company headcount
Kosmos Energy Ltd. $804 Public Energy Suspended or Reduced Dividend Payments Suspended dividend after the announced Q4 2019 payment until market conditions improve
CES Energy Solutions Corp. $744 Public Energy Executives: Reduced CEO Base Salary Reduced CEO compensation level by unspecified amounts
CES Energy Solutions Corp. $744 Public Energy Executives: Reduced Other Executive Base Salary Reduced NEO compensation levels by unspecified amounts
CES Energy Solutions Corp. $744 Public Energy Board of Directors: Reduced Pay Reduced Board compensation levels by unspecified amounts
CES Energy Solutions Corp. $744 Public Energy Reduced Workforce Implemented reduction in personnel
CES Energy Solutions Corp. $744 Public Energy Suspended or Reduced Dividend Payments Suspended dividend payments
Precision Drilling Corporation $734 Public Energy Executives: Reduced CEO Base Salary CEO salary reduction of 20%
Precision Drilling Corporation $734 Public Energy Executives: Reduced Other Executive Base Salary Executive officer salary reductions of 10%
Precision Drilling Corporation $734 Public Energy Board of Directors: Reduced Pay Director compensation reduced 20%
Precision Drilling Corporation $734 Public Energy Non-Executives: Reduced Pay Staff will receive non-disclosed salary reductions
Precision Drilling Corporation $734 Public Energy Reduced Workforce Staff headcount and salary reductions
Precision Drilling Corporation $734 Public Energy Suspended Buyback Program Materially reduced share repurchase activity
Diamond Offshore Drilling, Inc. $693 Public Energy Annual Incentive Plan Changes Revised current, in-process incentive plan – the Company planned to grant long-term cash incentive awards under the Cash Incentive Plan to key employees of the Company, including our named executive officers, at the commencement of the second quarter of 2020. However, due to the current economic and market uncertainty, the 2020 LTIP Awards were not granted. The Board, based on the recommendation of the Committee and the Company’s restructuring advisors and compensation consultant, determined it would be in the best interest of the Company to forgo the plan to issue the 2020 LTIP Awards and instead adopt new incentive plans. On April 21, 2020, the Board, based on the recommendation of the Committee and the Company’s restructuring advisors and compensation consultant, approved the adoption of a key employee incentive plan (“KEIP”), a non-executive incentive plan (“NEIP”) and a key employee retention plan (“KERP”), each such plan to be subject to approval by the Bankruptcy Court in the Chapter 11 Cases. If the plans are approved, they will provide quarterly incentive opportunities for the year-long period from April 2020 through March 31, 2021, for key employees of the Company whose continued dedication and performance is critical to the Company’s operation and success
Tsakos Energy Navigation Limited $688 Public Energy Non-Executives: Reduced Pay Reductions in compensation within the Company; they will continue to implement cost-cutting initiatives in the second quarter of 2020
Tsakos Energy Navigation Limited $688 Public Energy Reduced Workforce Reductions in staff
Baytex Energy Corp. $637 Public Energy Executives: Reduced CEO Base Salary All full-time employee salaries reduced by10% effective 4/1/20
Baytex Energy Corp. $637 Public Energy Executives: Reduced Other Executive Base Salary All full-time employee salaries reduced by 10% effective 4/1/20
Baytex Energy Corp. $637 Public Energy Board of Directors: Reduced Pay All annual retainers paid to directors will be reduced by 10% effective 4/1/20
Baytex Energy Corp. $637 Public Energy Non-Executives: Reduced Pay All full-time employee salaries reduced by10% effective 4/1/20
Calfrac Well Services Ltd. $632 Public Energy Executives: Reduced CEO Base Salary Reduced Executive officer salaries by 10%
Calfrac Well Services Ltd. $632 Public Energy Executives: Reduced Other Executive Base Salary Reduced Executive officer salaries by 10%
Calfrac Well Services Ltd. $632 Public Energy Board of Directors: Reduced Pay Reduced board compensation by 25%
Calfrac Well Services Ltd. $632 Public Energy Non-Executives: Reduced Pay Reduced staff employee salaries by 5% – 10%
Calfrac Well Services Ltd. $632 Public Energy Non-Executives: Suspended Raises and/or Bonuses Reduced or eliminated several compensation programs and bonuses
Calfrac Well Services Ltd. $632 Public Energy Suspended 401(k) Match Eliminated retirement savings matching contributions, which previously represented up to 6% of base salary
Parex Resources Inc. $631 Public Energy Executives: Reduced CEO Base Salary Effective April 1, 2020 and for the remainder of 2020, the executive team will take a 10% salary reduction
Parex Resources Inc. $631 Public Energy Executives: Reduced Other Executive Base Salary Effective April 1, 2020 and for the remainder of 2020, the executive team will take a 10% salary reduction
Parex Resources Inc. $631 Public Energy Board of Directors: Reduced Pay Board of Directors will take a 10% reduction in cash retainer fees for the remainder of 2020
Parex Resources Inc. $631 Public Energy Suspended Buyback Program Cancelled buyback
Select Energy Services, Inc. $605 Public Energy Executives: Reduced CEO Base Salary Reducing salaries
Select Energy Services, Inc. $605 Public Energy Executives: Reduced Other Executive Base Salary Reducing salaries
Select Energy Services, Inc. $605 Public Energy Non-Executives: Reduced Pay Reducing salaries
Select Energy Services, Inc. $605 Public Energy Reduced Workforce We are taking further actions to maintain our liquidity, including decreasing operating expenses by reducing headcount
Centennial Resource Development, Inc. $580 Public Energy Executives: Reduced CEO Base Salary On May 4, 2020, the Company announced a reduction in base salaries for the Company’s named executive officers; Effective May 10, 2020, base salaries will be reduced by 25% for the Company’s Chief Executive Officer
Centennial Resource Development, Inc. $580 Public Energy Executives: Reduced Other Executive Base Salary On May 4, 2020, the Company announced a reduction in base salaries for the Company’s named executive officers; Effective May 10, 2020, base salaries will be reduced by 15% for the Company’s Chief Financial Officer and 10% for each of the Company’s Chief Operating Officer, General Counsel and Chief Accounting Officer
Centennial Resource Development, Inc. $580 Public Energy Non-Executives: Reduced Pay On May 4, 2020, the Company announced a reduction in base salaries for the Company’s named executive officers, among other employees
KLX Energy Services Holdings, Inc. $544 Public Energy Non-Executives: Reduced Pay Effected widespread wage reduction initiative
KLX Energy Services Holdings, Inc. $544 Public Energy Reduced Workforce Reduced employee count by 360 people, or 22% of the company
Magnolia Oil & Gas Corporation $535 Public Energy Executives: Reduced CEO Base Salary We have also implemented corporate-wide salary reductions of approximately 10%
Magnolia Oil & Gas Corporation $535 Public Energy Executives: Reduced Other Executive Base Salary We have also implemented corporate-wide salary reductions of approximately 10%
Magnolia Oil & Gas Corporation $535 Public Energy Non-Executives: Reduced Pay We have also implemented corporate-wide salary reductions of approximately 10%
Forum Energy Technologies, Inc. $513 Public Energy Executives: Reduced CEO Base Salary CEO salary has been reduced by an undisclosed amount
Forum Energy Technologies, Inc. $513 Public Energy Executives: Reduced Other Executive Base Salary Executive salaries have been reduced by an undisclosed amount
Newpark Resources, Inc. $493 Public Energy Executives: Reduced CEO Base Salary A 15% cut to the salaries paid to executive officers
Newpark Resources, Inc. $493 Public Energy Executives: Reduced Other Executive Base Salary A 15% cut to the salaries paid to executive officers
Newpark Resources, Inc. $493 Public Energy Board of Directors: Reduced Pay Temporary 15% cut to the annual cash retainers paid to all directors
Newpark Resources, Inc. $493 Public Energy Non-Executives: Reduced Pay Temporary salary reductions effective April 1, 2020 for a significant portion of U.S. employees
Newpark Resources, Inc. $493 Public Energy Suspended 401(k) Match The suspension of the Company’s matching contributions to its U.S. defined contribution plan
Newpark Resources, Inc. $493 Public Energy Reduced Workforce The implementation of cost reduction programs, including workforce reductions
Newpark Resources, Inc. $493 Public Energy Furlough of Employees Implemented furloughs
GeoPark Limited $445 Public Energy Executives: Reduced CEO Base Salary Voluntary salary and bonus reduction of 50%
GeoPark Limited $445 Public Energy Executives: Reduced Other Executive Base Salary Voluntary salary and bonus reduction by management (20% to 50% reductions)
GeoPark Limited $445 Public Energy Board of Directors: Reduced Pay Voluntary salary and bonus reduction by Board of Directors (20% to 50% reductions)
GeoPark Limited $445 Public Energy Non-Executives: Reduced Pay Voluntary salary and bonus reduction by employees (20-50% reductions)
GeoPark Limited $445 Public Energy Suspended Buyback Program Temporary suspension of quarterly cash dividends and share buybacks
GeoPark Limited $445 Public Energy Suspended or Reduced Dividend Payments Temporary suspension of quarterly cash dividends and share buybacks
Tidewater Inc. $424 Public Energy Long-Term Incentive Plan Changes Shifted from using “closing price on grant date” approach of pricing equity to using a 60-trading day average for 2020 LTI grants
Berry Corporation $406 Public Energy Suspended or Reduced Dividend Payments Suspended its regular quarterly dividend until oil prices recover
Frank’s International N.V. $390 Public Energy Executives: Reduced CEO Base Salary Executive officers have agreed to a reduction in salary of 10% on May 5
Frank’s International N.V. $390 Public Energy Executives: Reduced CEO Incentive Compensation Executive officers have agreed to a 50% reduction in short term incentive opportunity on May 5
Frank’s International N.V. $390 Public Energy Executives: Reduced Other Executive Base Salary Executive officers have agreed to a reduction in salary of 10% on May 5
Frank’s International N.V. $390 Public Energy Executives: Reduced Other Executive Incentive Executive officers have agreed to a 50% reduction in short term incentive opportunity on May 5
Frank’s International N.V. $390 Public Energy Board of Directors: Reduced Pay Board of Supervisory Directors has agreed to a reduction of 10% in their cash retainer compensation
Frank’s International N.V. $390 Public Energy Reduced Workforce Reduction in personnel costs of over 20% from the prior year
Frank’s International N.V. $390 Public Energy Suspended Buyback Program The share repurchase program was suspended during the second quarter with the onset of COVID-19 and commodity price declines and will be revisited when market conditions stabilize sufficiently to provide greater clarity to anticipated business results
FTS International, Inc. $355 Public Energy Executives: Reduced CEO Base Salary Reducing executive salaries by 25%, on top of a 15 percent reduction already in place for 2020
FTS International, Inc. $355 Public Energy Executives: Reduced Other Executive Base Salary Reducing executive salaries by 25%, on top of a 15% reduction already in place for 2020
FTS International, Inc. $355 Public Energy Non-Executives: Reduced Pay Reducing salaries/hourly rates for non-executive SG&A and manufacturing staff; Reducing travel time pay for crews
FTS International, Inc. $355 Public Energy Non-Executives: Suspended Raises and/or Bonuses Suspending bonuses to eligible SG&A staff under the company’s short-term incentive plan, except for the safety component; Reducing stage bonuses for crews
FTS International, Inc. $355 Public Energy Furlough of Employees Furloughing crews that no longer have scheduled work and related support staff; Rolling furloughs for non-executive SG&A and manufacturing staff
Northern Oil and Gas, Inc. $349 Public Energy Suspended or Reduced Dividend Payments Company has suspended payment of its first quarter dividend
Cactus, Inc. $349 Public Energy Executives: Reduced CEO Base Salary Reduced CEO salary by 50%
Cactus, Inc. $349 Public Energy Executives: Reduced Other Executive Base Salary Reduced NEO salaries by between 25% to 50%
Cactus, Inc. $349 Public Energy Board of Directors: Reduced Pay Reduced Director compensation by 25% beginning March 2020
Cactus, Inc. $349 Public Energy Reduced Workforce Reduced headcount of U.S. associates by 30%
CSI Compressco LP $302 Public Energy Executives: Reduced CEO Base Salary Salary reductions of 20% for all executives
CSI Compressco LP $302 Public Energy Executives: Reduced Other Executive Base Salary Salary reductions of between 5% and 20% for employees and executives
CSI Compressco LP $302 Public Energy Board of Directors: Reduced Pay 20% reduction in the cash retainers for the directors
CSI Compressco LP $302 Public Energy Non-Executives: Reduced Pay Salary reductions of between 5% and 20% for employees and executives
CSI Compressco LP $302 Public Energy Suspended 401(k) Match A suspension of the Partnership’s 401(k) matching contribution for employees
Gran Tierra Energy Inc. $301 Public Energy Executives: Reduced CEO Base Salary Executive team has taken a 20% reduction in salary
Gran Tierra Energy Inc. $301 Public Energy Executives: Reduced Other Executive Base Salary Executive team has taken a 20% reduction in salary
Gran Tierra Energy Inc. $301 Public Energy Board of Directors: Reduced Pay 20% reduction in retainer fees
U.S. Well Services, Inc. $289 Public Energy Executives: Reduced CEO Base Salary 20% reduction in annual base salary for our CEO, CFO and CAO
U.S. Well Services, Inc. $289 Public Energy Executives: Reduced Other Executive Base Salary 20% reduction in annual base salary for our CEO, CFO and CAO
U.S. Well Services, Inc. $289 Public Energy Reduced Workforce Announced staff reductions
Gulf Island Fabrication, Inc. $273 Public Energy Executives: Reduced CEO Base Salary CEO salary reduced by 25% for the remainder of 2020
Gulf Island Fabrication, Inc. $273 Public Energy Executives: Reduced Other Executive Base Salary CFO salary reduced by 15% for the remainder of 2020
Ranger Energy Services, Inc. $227 Public Energy Executives: Reduced CEO Base Salary Implemented salary reductions throughout the organization
Ranger Energy Services, Inc. $227 Public Energy Executives: Reduced Other Executive Base Salary Implemented salary reductions throughout the organization
Ranger Energy Services, Inc. $227 Public Energy Non-Executives: Reduced Pay Implemented salary reductions throughout the organization
Ranger Energy Services, Inc. $227 Public Energy Reduced Workforce Reduced head count by 50% since mid-March
RigNet, Inc. $225 Public Energy Executives: Reduced CEO Base Salary CEO salary has been reduced by 20%
RigNet, Inc. $225 Public Energy Executives: Reduced Other Executive Base Salary NEO salaries have been reduced by 15%
RigNet, Inc. $225 Public Energy Board of Directors: Reduced Pay Directors have taken a 35% reduction in cash retainer fees for the first quarter of 2020
Amplify Energy Corp. $224 Public Energy Suspended or Reduced Dividend Payments Company has reduced its quarterly dividend payment from $0.20 per share to $0.10 per share for the first quarter of 2020
Kelt Exploration Ltd. $189 Public Energy Executives: Reduced CEO Base Salary Effective May 1, 2020, employee compensation has been reduced by 10%
Kelt Exploration Ltd. $189 Public Energy Executives: Reduced Other Executive Base Salary Effective May 1, 2020, employee compensation has been reduced by 10%
Kelt Exploration Ltd. $189 Public Energy Board of Directors: Reduced Pay Director fees have been suspended 100%
Kelt Exploration Ltd. $189 Public Energy Non-Executives: Reduced Pay Effective May 1, 2020, employee compensation has been reduced by 10%
Smart Sand, Inc. $145 Public Energy Executives: Reduced CEO Base Salary Reduced salary by 20%
Smart Sand, Inc. $145 Public Energy Executives: Reduced CEO Incentive Compensation Suspended payments of 100% of variable cash compensation for all employees
Smart Sand, Inc. $145 Public Energy Executives: Reduced Other Executive Base Salary Reduced salaries of executive management team by 15% to 20%
Smart Sand, Inc. $145 Public Energy Executives: Reduced Other Executive Incentive Reduced payments of any variable cash compensation for all employees 100%
Smart Sand, Inc. $145 Public Energy Non-Executives: Suspended Raises and/or Bonuses Suspended payments of any variable cash compensation for all employees
Smart Sand, Inc. $145 Public Energy Executives: Suspended Raises and/or Bonuses Suspended payments of any variable cash compensation for all employees
SandRidge Energy, Inc. $145 Public Energy Non-Executives: Reduced Pay Planned further actions, including salary and additional personnel reductions, will deepen the savings
SandRidge Energy, Inc. $145 Public Energy Reduced Workforce Planned further actions, including salary and additional personnel reductions, will deepen the savings
Vertex Energy, Inc. $138 Public Energy Executives: Reduced CEO Base Salary CEO reduced salary 25% May 15 through December 31
Vertex Energy, Inc. $138 Public Energy Executives: Reduced Other Executive Base Salary Executive Committee reduced salary 10% May 15 through December 31
NCS Multistage Holdings, Inc. $132 Public Energy Executives: Reduced CEO Base Salary Reductions in base salaries for our executive officers averaging approximately 20%
NCS Multistage Holdings, Inc. $132 Public Energy Executives: Reduced Other Executive Base Salary Reductions in base salaries for our executive officers averaging approximately 20%
NCS Multistage Holdings, Inc. $132 Public Energy Non-Executives: Reduced Pay Salary reductions for substantially all remaining U.S. and Canadian employees not participating in furloughs
NCS Multistage Holdings, Inc. $132 Public Energy Reduced Workforce A reduction in force of over 80 employees, or approximately 20% of our U.S. and Canadian workforce
NCS Multistage Holdings, Inc. $132 Public Energy Furlough of Employees Furloughs for certain operationally-focused employees and engineers
Nuverra Environmental Solutions, Inc. $123 Public Energy Executives: Reduced CEO Base Salary Reduced CEO base salary by 25% for the remainder of 2020
Nuverra Environmental Solutions, Inc. $123 Public Energy Executives: Reduced Other Executive Base Salary Reduced executive salaries by 20% for the remainder of 2020
Nuverra Environmental Solutions, Inc. $123 Public Energy Board of Directors: Reduced Pay Director compensation reduced by 25% for the remainder of 2020
Nuverra Environmental Solutions, Inc. $123 Public Energy Non-Executives: Reduced Pay Reduced salaries of all other employees by between 10% and 20% for the remainder of 2020
Nuverra Environmental Solutions, Inc. $123 Public Energy Reduced Workforce Reduced workforce by 100 employees
ION Geophysical Corporation $123 Public Energy Executives: Reduced CEO Base Salary Executives taking a 20% pay reduction April 10th and will last until market conditions improve
ION Geophysical Corporation $123 Public Energy Executives: Reduced CEO Incentive Compensation Eliminated 100% of 2019 bonus payouts
ION Geophysical Corporation $123 Public Energy Executives: Reduced Other Executive Base Salary Executives taking a 20% pay reduction April 10th and will last until market conditions improve
ION Geophysical Corporation $123 Public Energy Executives: Reduced Other Executive Incentive Reduced 2019 bonus payouts 100%
ION Geophysical Corporation $123 Public Energy Board of Directors: Reduced Pay Reduced compensation by 20% for directors April 10th and will last until market conditions improve
ION Geophysical Corporation $123 Public Energy Non-Executives: Reduced Pay Tiered salary reductions starting at 20% for employees under executive-level April 10th and will last until market conditions improve
ION Geophysical Corporation $123 Public Energy Non-Executives: Suspended Raises and/or Bonuses Eliminated 2019 bonus payouts
Contango Oil & Gas Company $121 Public Energy Non-Executives: Suspended Raises and/or Bonuses Suspended cash bonuses for 2020
Sundance Energy Inc. $114 Public Energy Executives: Reduced CEO Base Salary In early May 2020 the Company made certain salary reductions
Sundance Energy Inc. $114 Public Energy Executives: Reduced Other Executive Base Salary In early May 2020 the Company made certain salary reductions
Sundance Energy Inc. $114 Public Energy Non-Executives: Reduced Pay In early May 2020 the Company made certain salary reductions
Sundance Energy Inc. $114 Public Energy Reduced Workforce In early May 2020 the Company implemented a reduction in force
Dawson Geophysical Company $111 Public Energy Executives: Reduced CEO Base Salary Amended Employment Agreement to decrease CEO salary until February 11, 2023 unless the Board shortens the period
Dawson Geophysical Company $111 Public Energy Executives: Reduced Other Executive Base Salary Amended Employment Agreement to decrease NEOs’ salaries until February 11, 2023 unless the Board shortens the period
TransGlobe Energy Corporation $110 Public Energy Executives: Reduced CEO Base Salary Salary rollbacks
TransGlobe Energy Corporation $110 Public Energy Executives: Reduced Other Executive Base Salary Salary rollbacks
TransGlobe Energy Corporation $110 Public Energy Board of Directors: Reduced Pay Non-executive director renumeration reduced by 10%
TransGlobe Energy Corporation $110 Public Energy Non-Executives: Reduced Pay Salary rollbacks
TransGlobe Energy Corporation $110 Public Energy Reduced Workforce Staff reduction
TransGlobe Energy Corporation $110 Public Energy Suspended or Reduced Dividend Payments Suspended Q1 dividend, to be re-evaluated semi-annually
Solaris Oilfield Infrastructure, Inc. $103 Public Energy Executives: Reduced CEO Base Salary Reduced salaries throughout organization
Solaris Oilfield Infrastructure, Inc. $103 Public Energy Executives: Reduced Other Executive Base Salary Reduced salaries throughout organization
Solaris Oilfield Infrastructure, Inc. $103 Public Energy Non-Executives: Reduced Pay Reduced salaries throughout organization
Solaris Oilfield Infrastructure, Inc. $103 Public Energy Reduced Workforce Reduced headcount of workers
Aspen Aerogels, Inc. $100 Public Energy Executives: Reduced CEO Base Salary CEO base salary reduced by 5%
Aspen Aerogels, Inc. $100 Public Energy Executives: Reduced Other Executive Base Salary Executive officers’ base salaries reduced by 5%
Aspen Aerogels, Inc. $100 Public Energy Board of Directors: Reduced Pay In April 2020, the board elected to forgo 100% of unpaid cash compensation previously earned by the directors during the first quarter and suspend further cash compensation to directors in 2020
Aspen Aerogels, Inc. $100 Public Energy Executives: Suspended Raises and/or Bonuses Delayed increases of base salaries for executive officers
Independence Contract Drilling, Inc. $83 Public Energy Executives: Reduced CEO Base Salary Salary or compensation reductions for substantially all employees, including all members of executive management
Independence Contract Drilling, Inc. $83 Public Energy Executives: Reduced CEO Incentive Compensation Suspension of 100% of cash-based incentive compensation for all members of executive management
Independence Contract Drilling, Inc. $83 Public Energy Executives: Reduced Other Executive Base Salary Salary or compensation reductions for substantially all employees, including all members of executive management
Independence Contract Drilling, Inc. $83 Public Energy Executives: Reduced Other Executive Incentive Suspension of 100% of cash-based incentive compensation for all members of executive management
Independence Contract Drilling, Inc. $83 Public Energy Board of Directors: Reduced Pay Annual compensation reduced
Independence Contract Drilling, Inc. $83 Public Energy Non-Executives: Reduced Pay Salary or compensation reductions for substantially all employees, including all members of executive management
Independence Contract Drilling, Inc. $83 Public Energy Reduced Workforce Reduced the number of executive management positions by two, the number of directors from seven to five, and headcount for non-field-based personnel by approximately 40%
Essential Energy Services Ltd. $74 Public Energy Executives: Reduced CEO Base Salary CEO salary reduced by 50%
Essential Energy Services Ltd. $74 Public Energy Executives: Reduced CEO Incentive Compensation Bonus programs and incentive based compensation will be suspended 100%
Essential Energy Services Ltd. $74 Public Energy Executives: Reduced Other Executive Base Salary Senior level staff taking salary reductions in unspecified amounts
Essential Energy Services Ltd. $74 Public Energy Executives: Reduced Other Executive Incentive Bonus programs and incentive based compensation will be suspended 100%
Essential Energy Services Ltd. $74 Public Energy Board of Directors: Reduced Pay Director compensation reduced by 50%
Essential Energy Services Ltd. $74 Public Energy Non-Executives: Reduced Pay Junior roles taking salary wage reductions in unspecified amounts
Essential Energy Services Ltd. $74 Public Energy Other Reduced benefits plans for certain employees
CWC Energy Services Corp. $59 Public Energy Executives: Reduced CEO Base Salary Reduced CEO salary by 27%
CWC Energy Services Corp. $59 Public Energy Executives: Reduced CEO Incentive Compensation Suspended 100% of bonus programs
CWC Energy Services Corp. $59 Public Energy Executives: Reduced Other Executive Base Salary Reduced salaries of senior management by 27%
CWC Energy Services Corp. $59 Public Energy Executives: Reduced Other Executive Incentive Suspended all bonus programs 100%
CWC Energy Services Corp. $59 Public Energy Board of Directors: Reduced Pay Director compensation reduced by 25%
CWC Energy Services Corp. $59 Public Energy Non-Executives: Reduced Pay Reduced salaries of all salaried employees by 27% and reduced service rig field employees compensation by 13%
CWC Energy Services Corp. $59 Public Energy Non-Executives: Suspended Raises and/or Bonuses Suspended all bonus programs
CWC Energy Services Corp. $59 Public Energy Executives: Suspended Raises and/or Bonuses Suspended all bonus programs
Abraxas Petroleum Corporation $59 Public Energy Non-Executives: Reduced Pay Salary reductions
Abraxas Petroleum Corporation $59 Public Energy Reduced Workforce Selective layoffs
Abraxas Petroleum Corporation $59 Public Energy Other Reduction in board size
Gear Energy Ltd. $46 Public Energy Executives: Reduced CEO Base Salary 20% reduction in salary
Gear Energy Ltd. $46 Public Energy Executives: Reduced Other Executive Base Salary 20% reduction in salary
Gear Energy Ltd. $46 Public Energy Board of Directors: Reduced Pay 20% reduction in fees for non-management directors
Gear Energy Ltd. $46 Public Energy Non-Executives: Reduced Pay 20% reduction in salary
MIND Technology, Inc. $43 Public Energy Executives: Reduced CEO Base Salary Effective May 1, 2020, enacted a temporary 20% base salary reduction for both CEO and CFO
MIND Technology, Inc. $43 Public Energy Executives: Reduced Other Executive Base Salary Effective May 1, 2020, enacted a temporary 20% base salary reduction for both CEO and CFO
MIND Technology, Inc. $43 Public Energy Board of Directors: Reduced Pay Effective May 1, 2020, enacted a temporary 25% cash compensation reduction for directors
Cathedral Energy Services Ltd. $39 Public Energy Executives: Reduced CEO Base Salary CEO salary reduced by 25%
Cathedral Energy Services Ltd. $39 Public Energy Executives: Reduced Other Executive Base Salary EVP salaries reduced by 25%
Cathedral Energy Services Ltd. $39 Public Energy Non-Executives: Reduced Pay Salaries of U.S.-based managers decreased by 15%. Field labor rates reduced by 8% to 15%
Cathedral Energy Services Ltd. $39 Public Energy Non-Executives: Suspended Raises and/or Bonuses Eliminated company contributions to retirements savings plans
Cathedral Energy Services Ltd. $39 Public Energy Suspended 401(k) Match Eliminated company contributions to retirements savings plans
Cathedral Energy Services Ltd. $39 Public Energy Reduced Workforce Reduced headcount in offices and shops by 22%. Non-field staff moved to a 4-day work week, resulting in a 20% salary reduction
McCoy Global Inc. $31 Public Energy Executives: Reduced CEO Base Salary CEO salary reduced by 25% until further notice
McCoy Global Inc. $31 Public Energy Executives: Reduced Other Executive Base Salary CEO salary reduced by 20% until further notice
McCoy Global Inc. $31 Public Energy Board of Directors: Reduced Pay Board salary cut by 25%
McCoy Global Inc. $31 Public Energy Non-Executives: Reduced Pay Salary and wage cuts to all levels of the organization
McCoy Global Inc. $31 Public Energy Reduced Workforce Reduced employee headcount
Barnwell Industries, Inc. $18 Public Energy Executives: Reduced CEO Base Salary Effective immediately, senior management in both the U.S. and Canada have reduced their compensation by 40%
Barnwell Industries, Inc. $18 Public Energy Executives: Reduced Other Executive Base Salary Effective immediately, senior management in both the U.S. and Canada have reduced their compensation by 40%
Barnwell Industries, Inc. $18 Public Energy Non-Executives: Reduced Pay Implementing compensation reductions for U.S. and Canadian staff
Superior Drilling Products, Inc. $13 Public Energy Executives: Reduced CEO Base Salary Approved a 20% reduction in the base salary for each of the Company’s named executive officers
Superior Drilling Products, Inc. $13 Public Energy Executives: Reduced Other Executive Base Salary Approved a 20% reduction in the base salary for each of the Company’s named executive officers
Superior Drilling Products, Inc. $13 Public Energy Board of Directors: Reduced Pay A 20% reduction in fees to be paid to the independent directors on the Board for their service as directors
Superior Drilling Products, Inc. $13 Public Energy Non-Executives: Reduced Pay A 20% reduction in the base salaries of certain non-executive officers of the Company; A 5% to 10% reduction in salaries of other members of the management team and salaried workforce
Superior Drilling Products, Inc. $13 Public Energy Reduced Workforce Implemented a 20% reduction of the Company’s workforce
Gevo, Inc. $12 Public Energy Executives: Reduced CEO Base Salary 20% of NEO salaries will be paid in RSUs instead of cash effective April 1 for 90 days
Gevo, Inc. $12 Public Energy Executives: Reduced Other Executive Base Salary 20% of NEO salaries will be paid in RSUs instead of cash effective April 1 for 90 days
Gevo, Inc. $12 Public Energy Non-Executives: Reduced Pay 20% of salaries of employees who earn above a certain dollar threshold will be granted in restricted stock for 90 days
Gevo, Inc. $12 Public Energy Reduced Workforce Terminated 30 employees who worked at a closed production facility and at the Company’s corporate headquarters
PEDEVCO Corp. $10 Public Energy Non-Executives: Reduced Pay Reduction to all employee salaries by 20% until market conditions significantly improve
Koninklijke Ahold Delhaize N.V. $91,297 Public Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees On March 20, 2020, the Stop & Shop instituted a 10% temporary wage increase for hourly workers through July 4, 2020. As of September 2020, the Company will issue a retroactive lump sum premium pay to 56,000 associates equal to 10% of all hours worked between July 5 and August 22, 2020.
Tesco PLC $82,683 Public Food and Staples Retailing Non-Executives: One-Time Bonus 10% bonus on hourly rate for hours worked to frontline employees. For frontline salaried managers, this will be a 10% bonus on actual hours worked. Backdated to March 9, all permanent colleagues will receive increased hourly pay rate until May 1
Tesco PLC $82,683 Public Food and Staples Retailing Expanded Workforce Plans to hire 20,000 temporary workers
Tesco PLC $82,683 Public Food and Staples Retailing Expanded Benefits Programs Offering 12 weeks fully paid leave to those over the age of 70, or who are pregnant and classed as vulnerable
Albertsons Companies, Inc. $62,455 Public Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Company will pay front line associates effective March 15 until at least the end of the following pay period on March 28 across stores, e-commerce delivery, distribution centers and manufacturing plants a temporary $2 per hour increase for time worked
Albertsons Companies, Inc. $62,455 Public Food and Staples Retailing Expanded Workforce Immediately hiring 30,000 new associates
Performance Food Group Company $25,086 Public Food and Staples Retailing Annual Incentive Plan Changes Revised go forward incentive plan – a new cash-based incentive plan was approved for fiscal year ending July 3, 2021; the plan is divided into two performance periods
Performance Food Group Company $25,086 Public Food and Staples Retailing Executives: Reduced CEO Base Salary 25% of CEOs base salary has been deferred until the end of the year
Performance Food Group Company $25,086 Public Food and Staples Retailing Executives: Reduced Other Executive Base Salary 25% of Senior Management’s base salaries have been deferred until the end of the year
Performance Food Group Company $25,086 Public Food and Staples Retailing Board of Directors: Reduced Pay 25% of the Board’s cash fees have been deferred until the end of the year
Performance Food Group Company $25,086 Public Food and Staples Retailing Reduced Workforce Company has furloughed or eliminated roughly 3,000 positions across the organization
Performance Food Group Company $25,086 Public Food and Staples Retailing Furlough of Employees Actions we have taken with the goal of maintaining financial liquidity and flexibility have included furloughing or eliminating approximately 3,000 positions across our organization
Performance Food Group Company $25,086 Public Food and Staples Retailing Suspended Buyback Program Suspended share repurchase program
US Foods Holding Corp. $22,885 Public Food and Staples Retailing Executives: Reduced CEO Base Salary CEO base salary reduced by undisclosed amount
US Foods Holding Corp. $22,885 Public Food and Staples Retailing Executives: Reduced Other Executive Base Salary Reducing salaries throughout the organization
US Foods Holding Corp. $22,885 Public Food and Staples Retailing Non-Executives: Reduced Pay Reducing salaries throughout the organization
US Foods Holding Corp. $22,885 Public Food and Staples Retailing Reduced Workforce Reduced size of sales force
US Foods Holding Corp. $22,885 Public Food and Staples Retailing Furlough of Employees Enacted temporary furlough of employees
Rite Aid Corporation $21,928 Public Food and Staples Retailing Non-Executives: One-Time Bonus Current retail store management, including pharmacists, distribution center management and professional associates, have received a Hero Bonus of $1,000
Rite Aid Corporation $21,928 Public Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Hourly associates are receiving a Hero Pay increase of $2 per hour beginning March 15. Rite Aid ended its additional $2 pay on May 16th
Rite Aid Corporation $21,928 Public Food and Staples Retailing Expanded Workforce Rite Aid plans to hire 5,000 associates for full and part-time roles across the country to support store and distribution center teams
Rite Aid Corporation $21,928 Public Food and Staples Retailing Expanded Benefits Programs Rite Aid also increased its associate discount to 35% beginning Tuesday, March 24 until at least the end of April 2020
Nestlé S.A. $95,712 Public Food, Beverage and Tobacco Non-Executives: Guaranteed Pay Continuity Guaranteeing 12 weeks of regular wages in the event of a full or partial facility closure
Nestlé S.A. $95,712 Public Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Paying eligible frontline employees an additional 12% of their earnings for at least 12 weeks
Nestlé S.A. $95,712 Public Food, Beverage and Tobacco Expanded Benefits Programs Providing up to 14 days of additional time off without reducing sick, vacation or paid time off balances if they are impacted by the coronavirus
Anheuser-Busch InBev SA/NV $47,449 Public Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Temporarily increased pay for employees that work on the front lines of our business
Anheuser-Busch InBev SA/NV $47,449 Public Food, Beverage and Tobacco Expanded Benefits Programs All of our full-time employees are being provided the option of additional paid leave to address COVID-19 related illness
JBS S.A. $44,725 Public Food, Beverage and Tobacco Non-Executives: One-Time Bonus On May 15, 2020, the Company granted a $600 bonus to employees who had no more than two unexcused absences between April 20 and May 15, 2020
Danone S.A. $28,893 Public Food, Beverage and Tobacco Non-Executives: Guaranteed Pay Continuity Employment contracts secured and wages guaranteed for all Danone employees worldwide until June 30
Danone S.A. $28,893 Public Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Employees on frontline will receive a 15% pay increase
Danone S.A. $28,893 Public Food, Beverage and Tobacco Expanded Benefits Programs Employees will receive 80 hours of additional paid leave for coronavirus-related absences
Associated British Foods plc $17,815 Public Food, Beverage and Tobacco Executives: Reduced CEO Base Salary Chief Executive Officer has requested that his base pay be reduced temporarily by 50%
Associated British Foods plc $17,815 Public Food, Beverage and Tobacco Executives: Reduced CEO Incentive Compensation Bonuses relating to the current financial year reduced 100% for executive directors
Associated British Foods plc $17,815 Public Food, Beverage and Tobacco Executives: Reduced Other Executive Base Salary Finance Director has requested that his base pay be reduced temporarily by 50%
Associated British Foods plc $17,815 Public Food, Beverage and Tobacco Executives: Reduced Other Executive Incentive 100% of bonuses relating to the current financial year will not be paid to the executive directors
Associated British Foods plc $17,815 Public Food, Beverage and Tobacco Board of Directors: Reduced Pay The non-executive directors, including the chairman, have decided that their fees should be reduced temporarily by 25%
Tate & Lyle plc $3,588 Public Food, Beverage and Tobacco Suspended or Reduced Dividend Payments Only paying $0.10 dividend on company’s Series A Preferred Shares
Maple Leaf Foods Inc. $3,145 Public Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees On March 23, 2020, the Company announced it would provide hourly workers an $80 per week additional support payment. The Company terminated this program in June 2020
Greencore Group plc $1,606 Public Food, Beverage and Tobacco Furlough of Employees Temporary furloughs for a significant portion of our store and corporate associates across all levels of the organization. Furloughed associates will maintain health benefits in GNC sponsored plans with 100% of the premium funded by GNC throughout at least the month of April
Landec Corporation $590 Public Food, Beverage and Tobacco Annual Incentive Plan Changes For fiscal year 2020, only one executive earned a cash incentive. The Compensation Committee in its discretion determined that, in addition to the earned cash incentive, that executive would receive a bonus equal to 12% of target bonus in form of RSUs specifically, 3,574 RSUs that fully vest on the first anniversary of the grant date. In deciding to award the RSUs the Committee discussed that the Company’s operating income was hurt by the COVID-19 pandemic slowdown during Q4, thus resulting in a depressed payout under Lifecore’s bonus plan, and decided in its discretion to award RSUs to continue to incentivize him
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Annual Incentive Plan Changes Granted RSUs in lieu on salaries for NEOs
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Executives: Reduced CEO Base Salary Executive leadership salary reduced 15%. To compensate executives for reduced compensation during fiscal year 2020, the company awarded executives time-based RSUs
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Executives: Reduced Other Executive Base Salary Executive leadership salary reduced 15%. To compensate executives for reduced compensation during fiscal year 2020, the company awarded executives time-based RSUs
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Board of Directors: Reduced Pay Granted 100% RSUs in lieu of cash compensation and meeting fees during Q2 2020
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Non-Executives: Reduced Pay Temporary reduction in base salary of corporate team members
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Suspended 401(k) Match Suspended its 401(k) matching cash contributions
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Reduced Workforce Eliminated positions across organization
Farmer Bros. Co. $501 Public Food, Beverage and Tobacco Furlough of Employees Implementing furlough program for approximately 50% of remaining workforce
Rocky Mountain Chocolate Factory, Inc. $32 Public Food, Beverage and Tobacco Suspended or Reduced Dividend Payments On May 11, 2020, the Board of Directors decided to suspend the Company’s first quarter cash dividend payment; they also suspended future quarterly dividends until the significant uncertainty of the current public health crisis and economic climate has passed
Alcon Inc. $6,833 Public Health Care Equipment and Services Suspended or Reduced Dividend Payments Withdrew previous dividend proposal of CHF 0.19 per share and delayed all dividend proposals until 2021
Brookdale Senior Living Inc. $3,540 Public Health Care Equipment and Services Expanded Workforce Recent launch of an aggressive hiring campaign to fill more than 4,500 positions
Envista Holdings Corporation $2,282 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary President/CEO will take a 15% reduction in his base salary
Envista Holdings Corporation $2,282 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Other NEOs will take a 10% reduction in their base salary
Envista Holdings Corporation $2,282 Public Health Care Equipment and Services Board of Directors: Reduced Pay Each member of the board of directors will take a 15% reduction in his or her retainer
Surgery Partners, Inc. $1,829 Public Health Care Equipment and Services Furlough of Employees Company plans to furlough undisclosed amount of employees
Surgery Partners, Inc. $1,829 Public Health Care Equipment and Services Other Changed payment structures to salaried employees by implementing hourly pay
SmileDirectClub, Inc. $619 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary Executive and leadership teams will forgo 100% of pay during the period through May 3, 2020
SmileDirectClub, Inc. $619 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Executive and leadership teams will forgo 100% of pay during the period through May 3, 2020
SmileDirectClub, Inc. $619 Public Health Care Equipment and Services Furlough of Employees The Company has furloughed a majority of its retail teams and corporate teams
Accuray Incorporated $383 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary The Company’s CEO, agreed to a 25% reduction in base salary effective June 1, 2020 through December 31, 2020
Accuray Incorporated $383 Public Health Care Equipment and Services Executives: Reduced CEO Incentive Compensation The Company’s Chief Executive Officer and each of the Company’s other named executive officers volunteered to waive 100% of any bonus payments under the Company Bonus Plan for the fiscal year 2020 performance period
Accuray Incorporated $383 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Each of the Company’s other named executive officers agreed to a 15% reduction in base salary effective June 1, 2020 through December 31, 2020
Accuray Incorporated $383 Public Health Care Equipment and Services Executives: Reduced Other Executive Incentive The Company’s Chief Executive Officer and each of the Company’s other named executive officers volunteered to waive 100% of any bonus payments under the Company Bonus Plan for the fiscal year 2020 performance period
Nevro Corp. $362 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO base salary reduced by 50% until June 30, 2020
Nevro Corp. $362 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Vice Presidents and NEOs will have base salaries reduced by 20% until June 30, 2020
Nevro Corp. $362 Public Health Care Equipment and Services Board of Directors: Reduced Pay Reduced cash retainer for non-employee directors will be reduced by 50% for the second quarter of 2020
Nevro Corp. $362 Public Health Care Equipment and Services Non-Executives: Reduced Pay 10% salary reduction for majority of non-sales employees worldwide until June 30, 2020
Surgalign Holdings, Inc. $298 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary President/CEO will forgo 50% of his base salary
Surgalign Holdings, Inc. $298 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Other NEOs will forgo 30% of their respective base salaries
Surgalign Holdings, Inc. $298 Public Health Care Equipment and Services Furlough of Employees The Company notified employees that it will furlough or reduce the hours of over 500 of its U.S.-based employees, beginning on April 6, 2020
AtriCure, Inc. $207 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO will be taking a 35% reduction in base salary, effective as of April 16, 2020
AtriCure, Inc. $207 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary The other members of the executive leadership team, including the other NEOs, will be taking a 20% reduction in base salary, effective as of April 16, 2020
AtriCure, Inc. $207 Public Health Care Equipment and Services Board of Directors: Reduced Pay The Board reduced its 2020 cash compensation for non- employee directors by 35% and will be effective for up to six months
SeaSpine Holdings Corporation $152 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO base salary reduced by 25% until June 20, 2020
SeaSpine Holdings Corporation $152 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary CFO and SVP salaries reduced by 25% until June 20, 2020
Castlight Health, Inc. $147 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary In addition, as part of its cost reductions in light of the COVID-19 pandemic, the Company has implemented reductions in base salary for its employees, effective May 16, 2020, consisting of a 30% reduction for the Company’s Chief Executive Officer, which the Company anticipates will last at least six months, and will be re-evaluated at that time
Castlight Health, Inc. $147 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary In addition, as part of its cost reductions in light of the COVID-19 pandemic, the Company has implemented reductions in base salary for its employees, effective May 16, 2020, consisting of a 25% reduction for the Company’s Chief Financial Officer, 20% reduction for members of the Company’s executive leadership team, which the Company anticipates will last at least six months, and will be re-evaluated at that time
Castlight Health, Inc. $147 Public Health Care Equipment and Services Board of Directors: Reduced Pay Members of the Company’s board of directors have also voluntarily agreed to forego 50% of their cash compensation for 6 months
Castlight Health, Inc. $147 Public Health Care Equipment and Services Non-Executives: Reduced Pay In addition, as part of its cost reductions in light of the COVID-19 pandemic, the Company has implemented reductions in base salary for its employees, effective May 16, 2020, consisting of a tiered reductions of 10% to 15% for other employees with salaries above $100,000, which the Company anticipates will last at least six months, and will be re-evaluated at that time
Alphatec Holdings, Inc. $133 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary Effective April 5, 2020, the Company implemented a voluntary salary-to-equity conversion program for certain employees whose annual payroll costs exceed $100,000, including the Company’s executive officers. The program permits each participant to make a voluntary election to reduce the participant’s compensation rate through July 11, 2020 from 75% to 10%. In exchange for the compensation reduction, each participant will be granted a restricted stock unit equal to the dollar amount of compensation reduction divided by the 30-day volume weighted average price of the Company’s common stock as of close of market on April 3, 2020.
Alphatec Holdings, Inc. $133 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Effective April 5, 2020, the Company implemented a voluntary salary-to-equity conversion program for certain employees whose annual payroll costs exceed $100,000, including the Company’s executive officers. The program permits each participant to make a voluntary election to reduce the participant’s compensation rate through July 11, 2020 from 10% to 75%. In exchange for the compensation reduction, each participant will be granted a restricted stock unit equal to the dollar amount of compensation reduction divided by the 30-day volume weighted average price of the Company’s common stock as of close of market on April 3, 2020.
Alphatec Holdings, Inc. $133 Public Health Care Equipment and Services Non-Executives: Reduced Pay Effective April 5, 2020, the Company implemented a voluntary salary-to-equity conversion program for certain employees whose annual payroll costs exceed $100,000, including the Company’s executive officers. The program permits each participant to make a voluntary election to reduce the participant’s compensation rate through July 11, 2020 from 10% to 75%. In exchange for the compensation reduction, each participant will be granted a restricted stock unit equal to the dollar amount of compensation reduction divided by the 30-day volume weighted average price of the Company’s common stock as of close of market on April 3, 2020.
Star Equity Holdings, Inc. $118 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary President/Chief Executive Officer agreed to have his base salaries reduced by 20%
Star Equity Holdings, Inc. $118 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary The CFO/COO, and the President of a subsidiary have each agreed to have their base salaries reduced by 20%
Star Equity Holdings, Inc. $118 Public Health Care Equipment and Services Non-Executives: Reduced Pay The Company has also instituted a 20% salary reduction for most of its salaried employees
Star Equity Holdings, Inc. $118 Public Health Care Equipment and Services Furlough of Employees The Company also announced that in response to the global COVID-19 pandemic, it will furlough certain employees
Inspire Medical Systems, Inc. $115 Public Health Care Equipment and Services Reduced Workforce Layoffs in sales team
Inspire Medical Systems, Inc. $115 Public Health Care Equipment and Services Furlough of Employees Delays in growing the sales team due to furloughed employees
AxoGen, Inc. $112 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced by 20% until the end of 2020
AxoGen, Inc. $112 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Other executives’ base salaries reduced by 20% until the end of 2020
AxoGen, Inc. $112 Public Health Care Equipment and Services Board of Directors: Reduced Pay Cash retainer fees for the Board reduced by 20% until the end of 2020
AxoGen, Inc. $112 Public Health Care Equipment and Services Reduced Workforce Completed an employee layoff of approximately 10% of its workforce and implemented a hiring freeze
IntriCon Corporation $100 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO salary reduced by 100% until further notice
IntriCon Corporation $100 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary All NEOs are taking a 30% reduction in salary
IntriCon Corporation $100 Public Health Care Equipment and Services Board of Directors: Reduced Pay Decreased meeting fees for directors by 50% until their objectives have been accomplished
Axonics Modulation Technologies, Inc. $87 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO will take a 20% salary reduction until June 30, 2020
Axonics Modulation Technologies, Inc. $87 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary NEOs will take a 20% salary reduction until June 30, 2020
Axonics Modulation Technologies, Inc. $87 Public Health Care Equipment and Services Board of Directors: Reduced Pay The Board of Director will take a 20% reduction in their cash retainer until June 30, 2020
Axonics Modulation Technologies, Inc. $87 Public Health Care Equipment and Services Non-Executives: Reduced Pay Most employees will be taking a 20% salary reduction
Axonics Modulation Technologies, Inc. $87 Public Health Care Equipment and Services Non-Executives: Additional Payments for On-Site Employees 10% increase in hourly wages for full-time, manufacturing employees
Intersect ENT, Inc. $84 Public Health Care Equipment and Services Reduced Workforce These cost reduction actions include furloughing and reducing its workforce
Intersect ENT, Inc. $84 Public Health Care Equipment and Services Furlough of Employees These cost reduction actions include furloughing and reducing its workforce
Conformis, Inc. $72 Public Health Care Equipment and Services Furlough of Employees Implementing furlough of approximately 1/3 of its direct workforce and substantially all of its temporary workforce
Sientra, Inc. $72 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO temporarily reduced their base salary by 25%
Sientra, Inc. $72 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary CFO/Treasurer temporarily reduced their base salary by 10%
Sientra, Inc. $72 Public Health Care Equipment and Services Non-Executives: Reduced Pay The Company has also taken pre-emptive steps to curtail spending, including temporary pay reductions for all management-level employees
Sientra, Inc. $72 Public Health Care Equipment and Services Furlough of Employees The Company has also placed select employees on furlough, and will continue to do so as management determines necessary
Retractable Technologies, Inc. $62 Public Health Care Equipment and Services Delay of Annual Meeting Delayed annual meeting from May 12 to June 22 on April 30
Misonix, Inc. $62 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary We have implemented a hiring freeze, a reduction of base salaries for all staff with a title of director and above
Misonix, Inc. $62 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary We have implemented a hiring freeze, a reduction of base salaries for all staff with a title of director and above
Misonix, Inc. $62 Public Health Care Equipment and Services Non-Executives: Reduced Pay We have implemented a hiring freeze, a reduction of base salaries for all staff with a title of director and above
Misonix, Inc. $62 Public Health Care Equipment and Services Reduced Workforce We have implemented a reduction in personnel and significantly limited the addition of third party contracted services
ViewRay, Inc. $55 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary President/CEO and COO are each taking a pay cut of 30% of their annual base salary for the remainder of 2020
ViewRay, Inc. $55 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary SVP/Interim CFO and the Chief Science Officer are each taking a pay cut of 20% of their annual base salary for the remainder of 2020
ViewRay, Inc. $55 Public Health Care Equipment and Services Board of Directors: Reduced Pay Each of the non-employee members of the Company’s board of directors are taking a 30% reduction in their retainer fees for the remainder of 2020
Xtant Medical Holdings, Inc. $53 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary Institution of a temporary 20% base salary or wage reduction for all executive officers and employees
Xtant Medical Holdings, Inc. $53 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Institution of a temporary 20% base salary or wage reduction for all executive officers and employees
Xtant Medical Holdings, Inc. $53 Public Health Care Equipment and Services Board of Directors: Reduced Pay 20% reduction in non-employee director retainers temporarily
Xtant Medical Holdings, Inc. $53 Public Health Care Equipment and Services Non-Executives: Reduced Pay Institution of a temporary 20% base salary or wage reduction for all executive officers and employees
Xtant Medical Holdings, Inc. $53 Public Health Care Equipment and Services Non-Executives: Suspended Raises and/or Bonuses Elimination of planned merit increases
Xtant Medical Holdings, Inc. $53 Public Health Care Equipment and Services Suspended 401(k) Match Suspension of future 401(k) plan matching contributions by the Company
Xtant Medical Holdings, Inc. $53 Public Health Care Equipment and Services Furlough of Employees Termination or furlough of 42% of its workforce / Hire freeze
Neuronetics, Inc. $51 Public Health Care Equipment and Services Reduced Workforce Laid off some employees
Neuronetics, Inc. $51 Public Health Care Equipment and Services Furlough of Employees Furloughed some of its employees
SunLink Health Systems, Inc. $48 Public Health Care Equipment and Services Suspended Buyback Program Suspending share repurchase program
TransMedics Group, Inc. $24 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary Deferring a portion of executive and employee compensation
TransMedics Group, Inc. $24 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Deferring a portion of executive and employee compensation
TransMedics Group, Inc. $24 Public Health Care Equipment and Services Non-Executives: Reduced Pay Deferring a portion of executive and employee compensation
Ekso Bionics Holdings, Inc. $10 Public Health Care Equipment and Services Furlough of Employees Furloughed a portion of its workforce
Precipio, Inc. $5 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary Reduced payroll effective immediately by 25%
Precipio, Inc. $5 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Reduced payroll effective immediately to all company employees in a range between 5% and 25%, including its NEOs
Precipio, Inc. $5 Public Health Care Equipment and Services Non-Executives: Reduced Pay Reduced payroll effective immediately to all company employees in a range between 5-25%, including its NEOs
Asensus Surgical, Inc. $3 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary The Company has also implemented cost containment strategies across all areas of the organization, including salary reductions for its senior management and certain groups of its field-based employees
Asensus Surgical, Inc. $3 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary The Company has also implemented cost containment strategies across all areas of the organization, including salary reductions for its senior management and certain groups of its field-based employees
Asensus Surgical, Inc. $3 Public Health Care Equipment and Services Non-Executives: Reduced Pay The Company has also implemented cost containment strategies across all areas of the organization, including salary reductions for its senior management and certain groups of its field-based employees
Obalon Therapeutics, Inc. $2 Public Health Care Equipment and Services Executives: Reduced CEO Base Salary Temporary reduction in hours worked by 25%, which therefore reduced payroll by 25% for all employees including its NEOs effective March 30
Obalon Therapeutics, Inc. $2 Public Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Temporary reduction in hours worked by twenty-five percent, which therefore reduced payroll by 25% for all employees including its NEOs effective March 30
Obalon Therapeutics, Inc. $2 Public Health Care Equipment and Services Non-Executives: Reduced Pay Temporary reduction in hours worked by 25%, which therefore reduced payroll by 25% for all employees including its NEOs effective March 30
NanoVibronix, Inc. $1 Public Health Care Equipment and Services Furlough of Employees The Company furloughed and reduced working hours for most of their staff
Revlon, Inc. $1,977 Public Household and Personal Products Executives: Reduced CEO Base Salary CEO salary reduced 40% effective April 11 during the span of the pandemic
Revlon, Inc. $1,977 Public Household and Personal Products Executives: Reduced Other Executive Base Salary CFO and COO salaries reduced 25% effective April 11 during the span of the pandemic
Revlon, Inc. $1,977 Public Household and Personal Products Board of Directors: Reduced Pay 50% reduction in the Board compensation program (annual retainer and committee chair retainer) and a full elimination of per meeting fees during the span of the pandemic
Revlon, Inc. $1,977 Public Household and Personal Products Non-Executives: Reduced Pay Furloughed some employees and asked others to work reduced hours for less pay
Revlon, Inc. $1,977 Public Household and Personal Products Suspended 401(k) Match Suspending 401k match for at least the span of the COVID-19 pandemic.
Revlon, Inc. $1,977 Public Household and Personal Products Furlough of Employees Furloughed some employees and asked others to work reduced hours for less pay
Prudential plc $35,133 Public Insurance Executives: Suspended Raises and/or Bonuses Reduced salaries for executive directors to the level on December 31 last year effective April 01, as well as a reduction in their pension benefits from 25% to 13% of salary starting May 14. CFO and COO 2020 Long Term Incentive Plan awards will no longer be raised to 300% of salary and will instead be maintained at 250%
Markel Corporation $9,735 Public Insurance Executives: Reduced CEO Base Salary Reduced salaries across the organization by undisclosed amounts
Markel Corporation $9,735 Public Insurance Reduced Workforce Reduced workforce of the organization
Markel Corporation $9,735 Public Insurance Furlough of Employees Furloughed portion of the workforce
Enstar Group Limited $2,470 Public Insurance Suspended Buyback Program The Company suspended its share repurchase program
Crawford & Company $972 Public Insurance Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On September 23, 2020, the Compensation Committee approved cancellation of the Performance Award under the 2019 LTIP and issuance of new PSUs to our executive and designated senior officers (which includes our named executive officers), in a share amount equal to 50% of the original target award, that will be earned based on Total Shareholder Return (“TSR”) of the Company’s Class A shares during the period beginning September 23, 2020 and ending December 31, 2021 (the “Measurement Period”). Final payments pursuant to the performance awards are at the discretion of the Compensation Committee
Protective Insurance Corporation $457 Public Insurance Long-Term Incentive Plan Changes Revised current, in-process incentive plan – the Committee determined that foregoing long-term equity incentives in 2020 would best serve the interests of the Corporation and its shareholders by preserving shareholder value and reducing expense during this unprecedented event
UTG, Inc. $19 Public Insurance Executives: Reduced CEO Base Salary Salary reduced 10% for duration of crisis
UTG, Inc. $19 Public Insurance Executives: Reduced Other Executive Base Salary NEO salaries reduced 6% to 8% for duration of crisis
Berry Global Group, Inc. $11,709 Public Materials Furlough of Employees Furloughed 600 employees that will be able to utilize vacation time, personal days, or unpaid leave. Medical and benefit coverages will also be maintained for those employees
Graphic Packaging Holding Company $6,560 Public Materials Non-Executives: One-Time Bonus Providing $5 million in one-time payments to front-line production employees
ERAMET S.A. $4,346 Public Materials Executives: Reduced CEO Base Salary The Group’s Chairman and CEO, has decided to forego 25% of her pay and to contribute this amount to the solidarity plan
ERAMET S.A. $4,346 Public Materials Executives: Reduced Other Executive Base Salary The members of the Executive Committee decided to forego 10% of their pay
ERAMET S.A. $4,346 Public Materials Board of Directors: Reduced Pay The members of the Board of Directors also supported this effort by foregoing 10% of their annual pay in April and May
Ryerson Holding Corporation $3,467 Public Materials Executives: Reduced CEO Base Salary President & Chief Executive Officer’s annual base salary will be reduced by 30% for a period of 6 months
Ryerson Holding Corporation $3,467 Public Materials Executives: Reduced Other Executive Base Salary The base salary of all “Key Executives” will be reduced from 20% – 25% for a 6 month period
Ryerson Holding Corporation $3,467 Public Materials Board of Directors: Reduced Pay The Corporation recommended a 30% reduction in the Board of Directors’ annual cash retainer and meeting fees for 6 months
Ryerson Holding Corporation $3,467 Public Materials Delay of Annual Meeting Delayed annual meeting from April 28 to May 22 on April 15
Schnitzer Steel Industries, Inc. $1,712 Public Materials Non-Executives: Guaranteed Pay Continuity For those employees who tested positive for COVID-19 we have continued their pay and benefits for the duration of their recovery
Schnitzer Steel Industries, Inc. $1,712 Public Materials Non-Executives: One-Time Bonus Paid special bonuses to our frontline employees
Schnitzer Steel Industries, Inc. $1,712 Public Materials Furlough of Employees Used furloughs and flex hours as an alternate to layoffs related to COVID-19, allowing employees to retain health benefits and PTO accrual throughout that period
Schnitzer Steel Industries, Inc. $1,712 Public Materials Expanded Benefits Programs Increased PTO rollover by 50%
Verso Corporation $1,632 Public Materials Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In May 2020, the Compensation Committee waived this 5% compounded annual TSR requirement as to the awards in light of the impact of various factors, including the COVID-19 pandemic, on the future performance of Verso so that the awards would continue to provide meaningful retention incentives and, through continued application of the relative TSR-based vesting requirement, meaningful performance incentives based on the relative performance of Verso’s stock.
Forterra, Inc. $1,595 Public Materials Executives: Reduced CEO Base Salary CEO has voluntarily agreed to forgo 50% of his base salary
Forterra, Inc. $1,595 Public Materials Executives: Reduced Other Executive Base Salary Each of its other NEOs have voluntarily agreed to forgo 15% of their respective base salaries
Forterra, Inc. $1,595 Public Materials Board of Directors: Reduced Pay Independent members have agreed to voluntarily forgo payment of 50% of their cash retainer compensation, including for service on the Board and its committees, effective April 1, 2020 effective until such time as the Company determines in its discretion that business conditions improve
Forterra, Inc. $1,595 Public Materials Non-Executives: Suspended Raises and/or Bonuses Deferring annual employee compensation increases
IAMGOLD Corporation $1,242 Public Materials Long-Term Incentive Plan Changes Changed LTI mix to PSUs based on relative TSR & ROIC from PSUs & options; adopted 20-day weighted average share price for determining awards to avoid executives benefitting from a depressed stock price
Orion Engineered Carbons S.A. $1,136 Public Materials Suspended or Reduced Dividend Payments Company has suspended its quarterly cash dividend payments until further notice
Marshalls plc $585 Public Materials Executives: Reduced CEO Base Salary The effect of this will be to reduce the salary of the Executive Directors by 20%, including pension contributions, salary supplement and 2020 bonus payments which are calculated as a percentage of salary
Marshalls plc $585 Public Materials Executives: Reduced Other Executive Base Salary The effect of this will be to reduce the salary of the Executive Directors by 20%, including pension contributions, salary supplement and 2020 bonus payments which are calculated as a percentage of salary
Marshalls plc $585 Public Materials Board of Directors: Reduced Pay The Board has unanimously agreed to take an immediate 20% reduction in its remuneration for the duration of the crisis
Marshalls plc $585 Public Materials Non-Executives: Reduced Pay Other members of senior management have also voluntarily agreed similar reductions
Chase Corporation $261 Public Materials Executives: Reduced CEO Base Salary Approved a temporary 20% reduction in the base salaries of named executive officers and select members of senior management, effective immediately
Chase Corporation $261 Public Materials Executives: Reduced Other Executive Base Salary Approved a temporary 20% reduction in the base salaries of named executive officers and select members of senior management, effective immediately
Chase Corporation $261 Public Materials Board of Directors: Reduced Pay Approved a temporary 20% reduction in the cash compensation of the non-employee members of the Board, including those on the Committee, effective immediately
Chase Corporation $261 Public Materials Reduced Workforce On May 7, 2020 the Company reduced its global workforce approximately 4.5%
Ramaco Resources, Inc. $169 Public Materials Annual Incentive Plan Changes We deferred payment of cash bonuses for named executive officers for an indefinite period
Ramaco Resources, Inc. $169 Public Materials Executives: Reduced CEO Base Salary We temporarily reduced the salaries of certain executives, including our named executive officers, by 30% beginning April 1, 2020
Ramaco Resources, Inc. $169 Public Materials Executives: Reduced Other Executive Base Salary We temporarily reduced the salaries of certain executives, including our named executive officers, by 30% beginning April 1, 2020, and we deferred payment of cash bonuses for these individuals for an indefinite period
Ramaco Resources, Inc. $169 Public Materials Furlough of Employees We implemented a roughly two-week operational furlough of 182 employees at the Elk Creek mining complex in West Virginia
AgroFresh Solutions, Inc. $167 Public Materials Annual Incentive Plan Changes Revised current, in-process incentive plan – For the annual incentive plan in 2020, metrics will be streamlined to focus 60% on Adjusted EBITDA, 25% on diversification sales growth, and 15% on non-financial including environmental health and safety, value realization from M&A and strategic partnerships, and working capital
AgroFresh Solutions, Inc. $167 Public Materials Long-Term Incentive Plan Changes Revised current, in-process incentive plan – the Company streamlined the long-term incentive program for named executive officers by eliminating stock options and implementing a mix of 50% restricted stock awards and 50% performance based equity awards. Performance-based equity awards will be based on three-year net leverage improvement with relative total shareholder return applied as a modifier
AgroFresh Solutions, Inc. $167 Public Materials Other Given the challenging circumstances that the Company faced in 2019 and a continued environment of uncertainty in 2019, the Compensation Committee approved only modest increases to compensation in 2020. Base salaries were increased by approximately 2%, 3% and 3% for the Chief Executive Officer, Chief Financial Officer and General Counsel roles, respectively
Flotek Industries, Inc. $61 Public Materials Executives: Reduced CEO Base Salary Salary reduced 20% in exchange for restricted stock, effective April 3, 2020. Each executive has agreed that the salary reductions do not constitute a change, modification or amendment to his or her employment agreement or other similar arrangements with the Company. Other applicable incentive compensation programs for 2020 will be calculated in reference to base salaries as in effect prior to the reductions
Flotek Industries, Inc. $61 Public Materials Executives: Reduced Other Executive Base Salary Salary reduced 10% in exchange for restricted stock, effective April 3, 2020. Each executive has agreed that the salary reductions do not constitute a change, modification or amendment to his or her employment agreement or other similar arrangements with the Company. Other applicable incentive compensation programs for 2020 will be calculated in reference to base salaries as in effect prior to the reductions
Flotek Industries, Inc. $61 Public Materials Board of Directors: Reduced Pay The Board approved a 20% reduction to the fees to be paid to the directors of the Company
Marrone Bio Innovations, Inc. $37 Public Materials Annual Incentive Plan Changes Revised current, in-process incentive plan – The Compensation Committee determined that Messrs. Boyd and Hammill each achieved approximately 95% of their individual goals, but upon the recommendation of Company management exercised its discretion to reduce the component of bonus attributable to individual achievement by 50% across the Company to conserve cash in light of uncertainty due to the COVID-19 pandemic. Therefore, each of Messrs. Boyd and Hammill were eligible to each receive 14.3% their target bonuses based on the individual goals component
Marrone Bio Innovations, Inc. $37 Public Materials Executives: Reduced CEO Base Salary On May 1, 2020, the Board awarded all of its named executive officers RSUs in place of 10% of their annual base salaries pro-rated for the second, third and fourth quarters of 2020, the remaining 90% of which will continue to be paid in cash
Marrone Bio Innovations, Inc. $37 Public Materials Executives: Reduced CEO Incentive Compensation Determined to pay the 2019 bonus awards to the NEOs and certain other officers in the form of RSUs in lieu of cash
Marrone Bio Innovations, Inc. $37 Public Materials Executives: Reduced Other Executive Base Salary On May 1, 2020, the Board awarded all of its named executive officers RSUs in place of 10% of their annual base salaries pro-rated for the second, third and fourth quarters of 2020, the remaining 90% of which will continue to be paid in cash
Marrone Bio Innovations, Inc. $37 Public Materials Executives: Reduced Other Executive Incentive Determined to pay the 2019 bonus awards to the NEOs and certain other officers in the form of RSUs in lieu of cash
Alexium International Group Limited $6 Public Materials Suspended or Reduced Dividend Payments Paying dividend in shares of common stock rather than cash
Shaw Communications Inc. $4,141 Public Media and Entertainment Furlough of Employees Temporarily lay off approximately 10 per cent of its workforce, largely working in retail and sales roles across the company
Lions Gate Entertainment Corp. $3,890 Public Media and Entertainment Annual Incentive Plan Changes A portion of fiscal 2020 annual incentive bonuses (including bonuses for those employees with titles of Vice President and more senior) would be paid in the form of a RSU award, vesting one year from the date of grant
Technicolor SA $3,840 Public Media and Entertainment Executives: Reduced CEO Base Salary A 25% salary reduction for the CEO
Technicolor SA $3,840 Public Media and Entertainment Executives: Reduced Other Executive Base Salary Executive Committee is taking a 20% reduction in salary
Technicolor SA $3,840 Public Media and Entertainment Non-Executives: Reduced Pay The CEO is encouraging all employees to play their part in this respect, with a 20% salary reduction
ITV plc $3,776 Public Media and Entertainment Executives: Reduced CEO Base Salary A voluntary 20% reduction in base salary for the Executive Directors and Management Board for the duration of the current Government-imposed lockdown
ITV plc $3,776 Public Media and Entertainment Executives: Reduced CEO Incentive Compensation The Annual Bonus for the Executive Directors and Management Board has been cancelled 100% and there will be no cash bonus payable to them in respect of the Company’s performance in 2020
ITV plc $3,776 Public Media and Entertainment Executives: Reduced Other Executive Base Salary A voluntary 20% reduction in base salary for the Executive Directors and Management Board for the duration of the current Government-imposed lockdown
ITV plc $3,776 Public Media and Entertainment Executives: Reduced Other Executive Incentive The Annual Bonus for the Executive Directors and Management Board has been cancelled 100% and there will be no cash bonus payable to them in respect of the Company’s performance in 2020
ITV plc $3,776 Public Media and Entertainment Board of Directors: Reduced Pay The Non-Executive Directors will also take a 20% reduction in their fees
iHeartMedia, Inc. $3,039 Public Media and Entertainment Executives: Reduced CEO Base Salary CEO will forgo 100% of salary through 12/31/20 and 2020 bonus opportunity
iHeartMedia, Inc. $3,039 Public Media and Entertainment Executives: Reduced CEO Incentive Compensation CEO will forgo 100% of salary through 12/31/20 and 2020 bonus opportunity
iHeartMedia, Inc. $3,039 Public Media and Entertainment Executives: Reduced Other Executive Base Salary President, COO, and CFO will forgo 20% of salary and GC & Sec’y and Deputy CFO will forgo 10% of salary through 12/31/20
iHeartMedia, Inc. $3,039 Public Media and Entertainment Executives: Reduced Other Executive Incentive 2020 bonus opportunity reduced 100% to $0
iHeartMedia, Inc. $3,039 Public Media and Entertainment Board of Directors: Reduced Pay Cash compensation reduced 100% through 12/31/20
iHeartMedia, Inc. $3,039 Public Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses Suspend new raises
iHeartMedia, Inc. $3,039 Public Media and Entertainment Suspended 401(k) Match Suspension of 401(k) matches
iHeartMedia, Inc. $3,039 Public Media and Entertainment Furlough of Employees 90-day furloughs for an undisclosed number of employees
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Long-Term Incentive Plan Changes Percentage of target earned in each of the three years (which may not exceed 150% of target) will be averaged at the end of the third year and adjusted by a performance modifier based on the Company’s share of subscribers and audience among a comparator group measured over the full three-year period.
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Executives: Reduced CEO Base Salary Furloughed CEO until AMC Theatres reopen, reducing salary 100%
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Executives: Reduced Other Executive Base Salary All Corporate-level executives have taken a 20%-100% reduction in base salary
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Board of Directors: Reduced Pay In March, nonemployee directors agreed to forego 20% of all cash retainers payable for the duration of the suspension of substantially all of the Company’s revenue generating business
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Non-Executives: Reduced Pay Reduced work hours at reduced pay until AMC Theatres reopen
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses The company has cancelled annual merit based pay increases
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Reduced Workforce More than 26,000 theater employees are to be let go or furloughed
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Furlough of Employees Furloughed all 600 of its corporate employees. Under the furlough plan, employees will have reduced work hours at reduced pay, or be laid off, until AMC Theatres reopen
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Suspended Buyback Program Effective in April, the company has suspended share repurchases for the remainder of 2020
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Other The company has eliminated or reduced non-healthcare related benefits
AMC Entertainment Holdings, Inc. $2,528 Public Media and Entertainment Suspended or Reduced Dividend Payments Effective in April, the company has decided to discontinue dividends until further notice
Clear Channel Outdoor Holdings, Inc. $2,058 Public Media and Entertainment Executives: Reduced CEO Base Salary Reduced base salary of CEO by 30% from April 1, 2020 to June 30, 2020
Clear Channel Outdoor Holdings, Inc. $2,058 Public Media and Entertainment Executives: Reduced Other Executive Base Salary Reduced base salary of other executives by 20%
Clear Channel Outdoor Holdings, Inc. $2,058 Public Media and Entertainment Furlough of Employees Furloughs based on market conditions, along with hire freezes
MDC Partners Inc. $1,253 Public Media and Entertainment Executives: Reduced CEO Base Salary We have implemented salary reductions and benefit reductions
MDC Partners Inc. $1,253 Public Media and Entertainment Executives: Reduced Other Executive Base Salary We have implemented salary reductions and benefit reductions
MDC Partners Inc. $1,253 Public Media and Entertainment Non-Executives: Reduced Pay We have implemented salary reductions and benefit reductions
MDC Partners Inc. $1,253 Public Media and Entertainment Reduced Workforce We have implemented freezes on hiring and staff reductions
MDC Partners Inc. $1,253 Public Media and Entertainment Furlough of Employees We have implemented furloughs
Entercom Communications Corp. $1,061 Public Media and Entertainment Executives: Reduced CEO Base Salary CEO agreed to a 30% salary reduction from April 4, 2020 to July 24. Any increase to such NEO’s base salary due on or after January 1, 2021, shall be adjusted such that the increase in the then current year is instead the increase which would have happened in the prior year but for the waiver
Entercom Communications Corp. $1,061 Public Media and Entertainment Executives: Reduced Other Executive Base Salary Executives agreed to a 20% salary reduction from April 4, 2020 to July 24. Any increase to such NEO’s base salary due on or after January 1, 2021, shall be adjusted such that the increase in the then current year is instead the increase which would have happened in the prior year but for the waiver
Entercom Communications Corp. $1,061 Public Media and Entertainment Board of Directors: Reduced Pay All cash fees earned by directors during the second quarter are reduced by 25% and the equity compensation grant will be deferred until a later date
Entercom Communications Corp. $1,061 Public Media and Entertainment Reduced Workforce Restructured its workforce through termination and furlough actions
Entercom Communications Corp. $1,061 Public Media and Entertainment Furlough of Employees Restructured its workforce through termination and furlough actions
Entercom Communications Corp. $1,061 Public Media and Entertainment Executives: Suspended Raises and/or Bonuses Any increase to an NEO’s base salary due under their agreement from April 4, 2020, through December 31, 2020, will not take effect
Tribune Publishing Company $841 Public Media and Entertainment Annual Incentive Plan Changes Revised current, in-process incentive plan – Eliminating incentive and discretionary bonuses
Tribune Publishing Company $841 Public Media and Entertainment Executives: Reduced CEO Base Salary These steps include salary reductions, elimination of staff positions, employee furloughs, revisions to manufacturing and distribution processes, reducing third-party spending, freezing discretionary spending, eliminating incentive and discretionary bonuses and delaying non-essential repairs and maintenance
Tribune Publishing Company $841 Public Media and Entertainment Executives: Reduced CEO Incentive Compensation Eliminating incentive and discretionary bonuses 100%
Tribune Publishing Company $841 Public Media and Entertainment Executives: Reduced Other Executive Base Salary These steps include salary reductions, elimination of staff positions, employee furloughs, revisions to manufacturing and distribution processes, reducing third-party spending, freezing discretionary spending, eliminating incentive and discretionary bonuses and delaying non-essential repairs and maintenance
Tribune Publishing Company $841 Public Media and Entertainment Executives: Reduced Other Executive Incentive Eliminating incentive and discretionary bonuses 100%
Tribune Publishing Company $841 Public Media and Entertainment Non-Executives: Reduced Pay These steps include salary reductions, elimination of staff positions, employee furloughs, revisions to manufacturing and distribution processes, reducing third-party spending, freezing discretionary spending, eliminating incentive and discretionary bonuses and delaying non-essential repairs and maintenance
Tribune Publishing Company $841 Public Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses These steps include salary reductions, elimination of staff positions, employee furloughs, revisions to manufacturing and distribution processes, reducing third-party spending, freezing discretionary spending, eliminating incentive and discretionary bonuses and delaying non-essential repairs and maintenance
Tribune Publishing Company $841 Public Media and Entertainment Furlough of Employees These steps include salary reductions, elimination of staff positions, employee furloughs, revisions to manufacturing and distribution processes, reducing third-party spending, freezing discretionary spending, eliminating incentive and discretionary bonuses and delaying non-essential repairs and maintenance
Tribune Publishing Company $841 Public Media and Entertainment Executives: Suspended Raises and/or Bonuses These steps include salary reductions, elimination of staff positions, employee furloughs, revisions to manufacturing and distribution processes, reducing third-party spending, freezing discretionary spending, eliminating incentive and discretionary bonuses and delaying non-essential repairs and maintenance
Tribune Publishing Company $841 Public Media and Entertainment Suspended or Reduced Dividend Payments Suspended quarterly cash dividend until further notice
Cumulus Media Inc. $816 Public Media and Entertainment Executives: Reduced CEO Base Salary We also have announced salary cuts for the leadership team and employees deemed essential to continue to operate the business
Cumulus Media Inc. $816 Public Media and Entertainment Executives: Reduced Other Executive Base Salary We also have announced salary cuts for the leadership team and employees deemed essential to continue to operate the business
Cumulus Media Inc. $816 Public Media and Entertainment Non-Executives: Reduced Pay We also have announced salary cuts for the leadership team and employees deemed essential to continue to operate the business
Cumulus Media Inc. $816 Public Media and Entertainment Suspended 401(k) Match We have also temporarily stopped the Company matching of 401(k) and Health Savings Account contributions
Cumulus Media Inc. $816 Public Media and Entertainment Furlough of Employees We also have announced intermittent furloughs beginning mid-April 2020 for the subsequent three months
Madison Square Garden Entertainment Corp. $763 Public Media and Entertainment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – On September 14, 2020, the Compensation Committee of the Board of Directors of the Company amended the performance stock units granted in Fiscal Year 2019 (the “2019-2021 PSUs”) and Fiscal Year 2020 (the “2020-2022 PSUs” and, together with the 2019-2021 PSUs, the “PSUs”) under the Company’s 2015 Employee Stock Plan to establish new performance targets that will apply in the final year of the vesting period of the applicable award
Madison Square Garden Entertainment Corp. $763 Public Media and Entertainment Furlough of Employees One of the brands, Tao Group Hospitality, furloughed its employees
MSG Networks Inc. $686 Public Media and Entertainment Annual Incentive Plan Changes Revised current, in-process incentive plan – Given the current economic environment and uncertainty facing the Company (e.g., COVID-19-related impacts on the business of live sports), the Committee, in consultation with the independent compensation consultant, exercised negative discretion to reduce the annual cash incentive payout to 100.0% of the target level. Revised go forward incentive plan – For the year ended June 30, 2021, the Compensation Committee determined that MPIP awards to all eligible employees, including the NEOs, will be conditioned upon the satisfaction of predetermined financial and strategic objectives, weighted at 65% and 35%, respectively
CarGurus, Inc. $551 Public Media and Entertainment Executives: Reduced CEO Base Salary Temporary reduction in the annual base salaries of the following executive officers of the Company, including NEOs, by 50% over the three-month period commencing with the Company’s April 16, 2020
CarGurus, Inc. $551 Public Media and Entertainment Executives: Reduced Other Executive Incentive Temporary reduction in the annual base salaries of the following executive officers of the Company, including NEOs, by 50% over the three-month period commencing with the Company’s April 16, 2020
CarGurus, Inc. $551 Public Media and Entertainment Board of Directors: Reduced Pay The board of directors will be taking a 50% pay cut for the next three months
CarGurus, Inc. $551 Public Media and Entertainment Reduced Workforce Announced the decision to reduce our global team by 13% as a result of the COVID-19 crisis
Postmedia Network Canada Corp. $389 Public Media and Entertainment Non-Executives: Reduced Pay Temporary salary reductions from 5% to 30% for a range of employees with salaries in excess of $60,000, which reductions will be re-evaluated in three months’ time
Postmedia Network Canada Corp. $389 Public Media and Entertainment Reduced Workforce The closure of 15 community publications resulting in approximately 30 permanent layoffs
Postmedia Network Canada Corp. $389 Public Media and Entertainment Furlough of Employees On April 28, 2020, the Company implemented additional cost saving measures including temporary layoffs affecting approximately 50 employees
comScore, Inc. $361 Public Media and Entertainment Executives: Reduced CEO Base Salary Our CEO and Executive Vice Chairman has agreed to reduce his base salary by 50%
comScore, Inc. $361 Public Media and Entertainment Executives: Reduced Other Executive Base Salary Executive Vice Chairman has agreed to reduce his base salary by 50%. Each of our other executive officers has agreed to reduce his or her base salary by 30%
comScore, Inc. $361 Public Media and Entertainment Board of Directors: Reduced Pay In addition, our independent directors have agreed to reduce their annual cash retainers for service on the Board of Directors by 20%, and our Chairman has agreed to reduce his current cash retainer by 20%, effective June 1, 2020; These reductions are in addition to a nearly 50% reduction in equity compensation taken by the independent directors for the 2019-2020 director compensation term
comScore, Inc. $361 Public Media and Entertainment Non-Executives: Reduced Pay Other members of our senior leadership team have agreed to reduce their base salaries by 30%
TrueCar, Inc. $318 Public Media and Entertainment Executives: Reduced CEO Base Salary Reduced the base salaries of the CEO 20%
TrueCar, Inc. $318 Public Media and Entertainment Executives: Reduced Other Executive Base Salary Reduced the base salaries of the executive officers by 10% – 15%
TrueCar, Inc. $318 Public Media and Entertainment Board of Directors: Reduced Pay Base cash retainer reduced 20% until the CEO’s salary is restored
Entravision Communications Corporation $243 Public Media and Entertainment Executives: Reduced CEO Base Salary CEO base salary reduced by 23%
Entravision Communications Corporation $243 Public Media and Entertainment Executives: Reduced Other Executive Base Salary NEO annual base salaries reduced by 15% to 18%
IMAX Corporation $205 Public Media and Entertainment Annual Incentive Plan Changes Revised current, in-process incentive plan – the Compensation Committee has delayed the approval of financial metrics to be used for the CEO’s 2020 annual bonus metrics
Eventbrite, Inc. $162 Public Media and Entertainment Executives: Reduced CEO Base Salary Reduced cash compensation
Eventbrite, Inc. $162 Public Media and Entertainment Executives: Reduced Other Executive Base Salary Reduced cash compensation
Eventbrite, Inc. $162 Public Media and Entertainment Reduced Workforce Reduced global workforce by 45%
A.H. Belo Corporation $160 Public Media and Entertainment Executives: Reduced CEO Base Salary CEO salary reduced 16.5% effective April 24 for undisclosed duration
A.H. Belo Corporation $160 Public Media and Entertainment Executives: Reduced Other Executive Base Salary NEO salaries reduced 10%
A.H. Belo Corporation $160 Public Media and Entertainment Board of Directors: Reduced Pay Non-employee director compensation for the 2020 – 2021 service year has been reduced. Beginning with the 2020 annual meeting of shareholders, the directors’ annual retainer has been set at $105,000, payable quarterly in cash with no additional, incremental amounts for service as Lead Director or committee chair
A.H. Belo Corporation $160 Public Media and Entertainment Non-Executives: Reduced Pay Base compensation for all employees is reduced between 3-17%
A.H. Belo Corporation $160 Public Media and Entertainment Suspended or Reduced Dividend Payments Future dividend payments reduced from $0.08 to $0.04 per share
Emerald Holding, Inc. $127 Public Media and Entertainment Suspended or Reduced Dividend Payments Company has suspended its quarterly cash dividend payments until further notice
AutoWeb, Inc. $86 Public Media and Entertainment Executives: Reduced CEO Base Salary CEO has taken a 30% salary reduction for the second quarter
AutoWeb, Inc. $86 Public Media and Entertainment Executives: Reduced Other Executive Base Salary Members of the executive team besides the CEO have taken a 10% salary reduction
AutoWeb, Inc. $86 Public Media and Entertainment Board of Directors: Reduced Pay Compensation reduced 50% for Q2 2020
AutoWeb, Inc. $86 Public Media and Entertainment Reduced Workforce Limited employee furloughs and staff reductions
AutoWeb, Inc. $86 Public Media and Entertainment Furlough of Employees Limited employee furloughs and staff reductions
LiveXLive Media, Inc. $39 Public Media and Entertainment Annual Incentive Plan Changes CEO and other executives deferred 100% of 2020 cash bonuses into equity
LiveXLive Media, Inc. $39 Public Media and Entertainment Non-Executives: Reduced Pay Employees will defer between 10% to 25% of their salaries into equity
Creative Realities, Inc. $19 Public Media and Entertainment Executives: Reduced CEO Base Salary Salary reduced 20% for 6 months
Creative Realities, Inc. $19 Public Media and Entertainment Executives: Reduced Other Executive Base Salary CFO salary reduced 20% for 6 months
NTN Buzztime, Inc. $10 Public Media and Entertainment Executives: Reduced CEO Base Salary Defer 45% of salary until the earlier of October 31 or such time as board determines in good faith that the company is in the financial position to pay his accumulated deferred salary
NTN Buzztime, Inc. $10 Public Media and Entertainment Reduced Workforce Reduced headcount from 39 to 17 employees, or by 56%
Bruker Corporation $1,988 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary These temporary measures include temporary tiered salary reductions for the Company’s global leadership team and workforce
Bruker Corporation $1,988 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary These temporary measures include temporary tiered salary reductions for the Company’s global leadership team and workforce
Bruker Corporation $1,988 Public Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay These temporary measures include temporary tiered salary reductions for the Company’s global leadership team and workforce
Exact Sciences Corporation $1,491 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary CEO salary reduced by 100% for the balance of 2020
Exact Sciences Corporation $1,491 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Incentive Compensation CEO annual corporate bonus reduced
Exact Sciences Corporation $1,491 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Executive team salaries reduced by undisclosed amount for the balance of 2020
Exact Sciences Corporation $1,491 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Incentive Corporate annual bonus and sales commissions reduced
Exact Sciences Corporation $1,491 Public Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay Cash retainer fees for directors reduced by 100% for the balance of 2020
Exact Sciences Corporation $1,491 Public Pharmaceuticals, Biotechnology and Life Sciences Reduced Workforce Implementation of a workforce reduction
Exact Sciences Corporation $1,491 Public Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Implemented voluntary and involuntary furlough program
Invitae Corporation $280 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Effective May 2020, we have reduced the salaries of our named executive officers by approximately 20%
Invitae Corporation $280 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Effective May 2020, we have reduced the salaries of our named executive officers by approximately 20%
Invitae Corporation $280 Public Pharmaceuticals, Biotechnology and Life Sciences Reduced Workforce Approximately 8% of our workforce as of March 31, 2020 was impacted by a reduction in force in April 2020 in an initiative to manage costs and cash burn
bluebird bio, Inc. $251 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Effective May 4, 2020, bluebird’s Chief Executive Officer, reduced his base salary by approximately 100% during this twelve-month period, and received a grant of restricted stock units equal to 80% of the amount of his salary reduction
bluebird bio, Inc. $251 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Effective May 4, 2020, each other participating member of senior leadership reduced his or her base salary by 20%, and received a grant of restricted stock units equal to 80% of the amount of his or her salary reduction
bluebird bio, Inc. $251 Public Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay In addition, the non-employee members of the Board of Directors for 12 months have voluntarily reduced their cash retainers by 20% for the period beginning July 1, 2020, and each non-employee member of the Board of Directors shall receive a grant of restricted stock units with a value equal to 80% of the amount of the cash retainer reduction on June 18, 2020
Athenex, Inc. $157 Public Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised current, in-process incentive plan – Elected to defer the payment of the 2019 Annual Incentive Awards and to pay these amounts at a yet to be determined future date. At the time of payment, our NEOs may elect to receive payment of their 2019 Annual Incentive Award in cash or as an award of shares of unrestricted common stock pursuant to our 2017 Omnibus Incentive Plan. The NEOs may elect to receive 25%, 50% or 100% of their award in shares. The number of shares issuable upon an election to be paid in stock is calculated by dividing (a) the after-tax cash award by (b) the result of discounting the closing price of our common stock on the grant date by 15%, in each case in whole or in part. All officers that elect to receive shares of common stock in lieu of cash will agree not to sell their shares until six months following the issuance of the shares
Athenex, Inc. $157 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary CEO elected to reduce his base salary for the remainder of fiscal 2020 to $40,000 and elected to receive options to purchase shares of the Company’s common stock in lieu of a portion of his remaining base salary for fiscal 2020
Fluidigm Corporation $138 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Granted Discretionary Award One-time restricted stock unit award to all executive officers, & to key management & critical employees
Fluidigm Corporation $138 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary We have temporarily reduced base salaries for our executive officers and upper level employees by 20%. In order to retain key employees, our Compensation Committee has accordingly increased the weighting of equity compensation relative to total direct compensation
Fluidigm Corporation $138 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary We have temporarily reduced base salaries for our executive officers and upper level employees by 20%. In order to retain key employees, our Compensation Committee has accordingly increased the weighting of equity compensation relative to total direct com
Fluidigm Corporation $138 Public Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay We have temporarily reduced base salaries for our executive officers and upper level employees by 20%, with temporary salary reductions of 10% at all other levels. In order to retain key employees, our Compensation Committee has accordingly increased the weighting of equity compensation relative to total direct compensation
Veracyte, Inc. $117 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary CEO is reducing her base pay and target bonus by 25% until the company can resume normal operations
Veracyte, Inc. $117 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Board of directors is taking a reduction in pay until the company can resume normal operations
Veracyte, Inc. $117 Public Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay Board is taking a reduction in pay until the company can resume normal operations
Veracyte, Inc. $117 Public Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay Executive leaders and certain other employees are taking a reduction in pay until the company can resume normal operations
Veracyte, Inc. $117 Public Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Approximately 60 employees are being put on a temporary furlough with a current goal of bringing them back from furlough once the company’s business rebounds
OrganiGram Holdings Inc. $66 Public Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees On April 7, 2020, Organigram announced the temporary layoff of approximately 45 per cent of its workforce or approximately 400 employees
Neos Therapeutics, Inc. $57 Public Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Effective March 30, 2020, our organization, with the exception of a limited number of essential roles, will be operating under a reduction in hours or, in certain cases, furlough for approximately 4 weeks
Sundial Growers Inc. $56 Public Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Furloughed 65% of employees
Evolus, Inc. $55 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary CEO base salary reduced by 20% April 16 to July 1, 2020. These salary reductions are not intended to reduce any benefits otherwise provided to such executive officers and will not modify other rights under any applicable employment agreements or arrangements
Evolus, Inc. $55 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary NEO base salaries reduced by 20% April 16 to July 1, 2020. These salary reductions are not intended to reduce any benefits otherwise provided to such executive officers and will not modify other rights under any applicable employment agreements or arrangements
Evolus, Inc. $55 Public Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay Board has agreed to take a 20% cut in all cash fees until July 1, 2020
Evolus, Inc. $55 Public Pharmaceuticals, Biotechnology and Life Sciences Reduced Workforce Reduced company headcount by over 100 employees
Harrow Health, Inc. $47 Public Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised current, in-process incentive plan – In March 2020, the Company’s executive officers agreed to defer payment of their 2019 bonus to a later, yet to be determined date as a result of the COVID-19 pandemic and its impact on the Company’s business and cash flow needs
HOOKIPA Pharma Inc. $18 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary The Company’s officers have waived at least 25% of their cash salaries for at least the three months ended June 30, 2020
HOOKIPA Pharma Inc. $18 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary The Company’s officers have waived at least 25% of their cash salaries for at least the three months ended June 30, 2020
HOOKIPA Pharma Inc. $18 Public Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay The Company’s directors have waived at least 25% of their cash salaries for at least the three months ended June 30, 2020
HOOKIPA Pharma Inc. $18 Public Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay The vast majority of its employees agreed to a temporary salary reduction of 20%
Xeris Pharmaceuticals, Inc. $15 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary Our CEO is deferring approximately 85% of his cash compensation for the remainder of 2020 and 2021 to reduce cash burn
Xeris Pharmaceuticals, Inc. $15 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary Other members of our executive team and board of directors are also deferring a significant portion of their compensation for the remainder of 2020 and 2021 to reduce cash burn
Xeris Pharmaceuticals, Inc. $15 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Incentive We have adopted a deferred compensation plan under which a select group of management and our non-employee directors may defer receiving all or a portion of their cash compensation
Xeris Pharmaceuticals, Inc. $15 Public Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay The members of the board of directors are also deferring a significant portion of their compensation for the remainder of 2020 and 2021 to reduce cash burn
KalVista Pharmaceuticals, Inc. $13 Public Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised current, in-process incentive plan – the compensation committee would postpone its evaluation of cash bonus payments for the named executive officers for fiscal year 2020 and the base salaries of the named executive officers for fiscal year 2021 until later in fiscal year 2021
PolarityTE, Inc. $8 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary The Company adopted a 10% salary and wage reduction for at-will employees and key executives effective April 19
PolarityTE, Inc. $8 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary The Company adopted a 10% salary and wage reduction for at-will employees and key executives effective April 19, including Chief Executive Officer
PolarityTE, Inc. $8 Public Pharmaceuticals, Biotechnology and Life Sciences Non-Executives: Reduced Pay The Company adopted a 10% salary and wage reduction for at-will employees and key executives effective April 19
OncoCyte Corporation $1 Public Pharmaceuticals, Biotechnology and Life Sciences Annual Incentive Plan Changes Revised current, in-process incentive plan – CEO deferred portion of discretionary 2019 bonus; deferred bonus will earn interest at 6% per year; CEO has also agreed to accept RSUs for 106,221 shares of common stock in lieu of $279,360 in cash as part of his discretionary bonus
OncoCyte Corporation $1 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary CEO agreed to defer 30% of his base salary; deferred salary amounts will bear interest at ten percent per annum
OncoCyte Corporation $1 Public Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary CFO and CSO each agreed to defer 20% of his base salary, which will bear interest at 6% per annum
OncoCyte Corporation $1 Public Pharmaceuticals, Biotechnology and Life Sciences Board of Directors: Reduced Pay Directors agreed to defer a portion of their director fees, during the period May 11 through December 4, 2020
Cushman & Wakefield plc $8,178 Public Real Estate Executives: Reduced CEO Base Salary Effective April 20, 2020, CEO will forgo 25% of his base salary. The company will donate the forgone salaries to the Global Employee Assistance Fund
Cushman & Wakefield plc $8,178 Public Real Estate Executives: Reduced Other Executive Base Salary President, CFO, and COO will forgo 20% of their base salaries effective May 1, 2020. The company will donate the forgone salaries to the Global Employee Assistance Fund
Newmark Group, Inc. $1,905 Public Real Estate Executives: Reduced CEO Base Salary CEO will reduce his annual base salary by 50%
Newmark Group, Inc. $1,905 Public Real Estate Executives: Reduced Other Executive Base Salary CFO, CLO, and any senior managers who are direct reports to the CEO will reduce their annual base salaries by 15%
Newmark Group, Inc. $1,905 Public Real Estate Board of Directors: Reduced Pay Independent members of the Board volunteered to forego 15% of his or her annual cash retainer. Chairman will reduce his annual base salary by 50%
eXp World Holdings, Inc. $1,463 Public Real Estate Executives: Reduced CEO Base Salary CEO and CFO requested to reduce their annual base salaries by 50% until further notice, effective immediately
eXp World Holdings, Inc. $1,463 Public Real Estate Board of Directors: Reduced Pay The cash compensation fees for each independent member of the Board of Directors will be reduced by 50% until further notice
Outfront Media Inc. $1,389 Public Real Estate Executives: Reduced CEO Base Salary 50% CEO salary decrease effective on May 12, 2020 and will continue through the earlier of (i) September 9, 2020 and (ii) a date determined by the Compensation Committee of the Board of Directors of the Company, at which time the reduced base salaries will revert back the base salaries in existence prior to the reductions
Outfront Media Inc. $1,389 Public Real Estate Executives: Reduced Other Executive Base Salary Each of the Company’s named executive officers agreed to a temporary reduction in base salary by 20% effective on May 12, 2020 and will continue through the earlier of (i) September 9, 2020 and (ii) a date determined by the Compensation Committee of the Board of Directors of the Company, at which time the reduced base salaries will revert back the base salaries in existence prior to the reductions
Sun Communities, Inc. $1,383 Public Real Estate Executives: Reduced CEO Base Salary NEOs agreed to forgo 100% of salary (except for $684 per week, which is the minimum amount to comply with certain federal overtime pay rules) for the second quarter of 2020
Sun Communities, Inc. $1,383 Public Real Estate Executives: Reduced Other Executive Base Salary NEOs agreed to forgo 100% of salary (except for $684 per week, which is the minimum amount to comply with certain federal overtime pay rules) for the second quarter of 2020
Sun Communities, Inc. $1,383 Public Real Estate Board of Directors: Reduced Pay Each non-employee directors has agreed to forgo 100% of Board of Director and committee compensation for the second quarter of 2020
Apartment Investment and Management Company $890 Public Real Estate Other Committed to no layoffs or pay cuts
Redfin Corporation $875 Public Real Estate Executives: Reduced CEO Base Salary CEO salary reduced 100% for remainder of 2020
Redfin Corporation $875 Public Real Estate Executives: Reduced CEO Incentive Compensation Executive officers will not be eligible to earn a bonus pursuant to our 2020 Executive Bonus Plan, which was suspended 100%
Redfin Corporation $875 Public Real Estate Executives: Reduced Other Executive Incentive Executive officers bonus reduced 100% pursuant to our 2020 Executive Bonus Plan, which was suspended
Redfin Corporation $875 Public Real Estate Board of Directors: Reduced Pay Cash fees reduced 100% for 2020
Redfin Corporation $875 Public Real Estate Non-Executives: Reduced Pay A temporary salary cut of 10% – 15% for remaining employees
Redfin Corporation $875 Public Real Estate Non-Executives: Suspended Raises and/or Bonuses All employees at headquarters have agreed to forgo cash bonuses for the first half of 2020
Redfin Corporation $875 Public Real Estate Non-Executives: Additional Payments for On-Site Employees Temporarily increased fixed portion of agent pay
Redfin Corporation $875 Public Real Estate Reduced Workforce Some employees will be laid off, including new hires who hadn’t met a customer or completed their training before our offices closed a month ago
Redfin Corporation $875 Public Real Estate Furlough of Employees The great majority, of 41%, will go on furlough until September 1, with a transition bonus and health-care benefits through the summer
Ryman Hospitality Properties, Inc. $838 Public Real Estate Executives: Reduced CEO Base Salary Salary reduced 50% for a to-be-determined period of time during the crisis
Ryman Hospitality Properties, Inc. $838 Public Real Estate Non-Executives: Suspended Raises and/or Bonuses Deferred 2020 merit-based salary increases
Ryman Hospitality Properties, Inc. $838 Public Real Estate Executives: Suspended Raises and/or Bonuses Deferred 2020 merit-based salary increases
Ryman Hospitality Properties, Inc. $838 Public Real Estate Suspended or Reduced Dividend Payments Company expects to suspend its dividend payments for the remainder of the year
Gecina SA $768 Public Real Estate Executives: Reduced CEO Base Salary CEO reduced fixed compensation for 2020 by two months’ salary, 17%, as a solidarity measure during this period.
Gecina SA $768 Public Real Estate Board of Directors: Reduced Pay The Board of Directors reduced fixed compensation for 2020 100% by two months’ salary as a solidarity measure during this period
Gecina SA $768 Public Real Estate Non-Executives: One-Time Bonus €1,000 bonus for building staff and superintendents and student residence managers who are working on the ground
RLJ Lodging Trust $729 Public Real Estate Suspended or Reduced Dividend Payments Company has reduced its quarterly dividend payment from $0.22 per share to $0.01 per share for the first quarter
CBL & Associates Properties, Inc. $612 Public Real Estate Executives: Reduced CEO Base Salary Temporary 50% salary reduction to CEO for a to-be-determined period of time
CBL & Associates Properties, Inc. $612 Public Real Estate Executives: Reduced Other Executive Base Salary Temporary 50% salary reduction to President and 20% base salary reduction will apply to other NEOs for a to‑be‑determined period of time
CBL & Associates Properties, Inc. $612 Public Real Estate Board of Directors: Reduced Pay Temporary 50% salary reduction to directors for a to-be-determined period of time
CBL & Associates Properties, Inc. $612 Public Real Estate Non-Executives: Reduced Pay A 10% reduction will apply to all other employees
CBL & Associates Properties, Inc. $612 Public Real Estate Furlough of Employees Implemented a broad-based temporary furlough program across its properties and headquarters impacting approximately 300 employees or almost 60% of its workforce. The program includes partial (reduction of hours) and full furloughs. The Company will continue to provide full health care benefits for all furloughed employees
CBL & Associates Properties, Inc. $612 Public Real Estate Suspended or Reduced Dividend Payments Company has suspended dividend payments for both preferred and common stock
Apple Hospitality REIT, Inc. $602 Public Real Estate Executives: Reduced CEO Base Salary CEO reduced target compensation by 60%
Apple Hospitality REIT, Inc. $602 Public Real Estate Executives: Reduced Executive Chairman Pay The Company’s Founder and Executive Chairman, has volunteered to forgo 100% of his salary for the next six months, effective immediately
Apple Hospitality REIT, Inc. $602 Public Real Estate Board of Directors: Reduced Pay Annual fee for directors collectively reduced more than 15%
Apple Hospitality REIT, Inc. $602 Public Real Estate Reduced Workforce Each of the Company’s brands and third-party management companies has implemented cost elimination and efficiency initiatives at each of the Company’s hotels by reducing labor costs and tempering certain services and amenities
Apple Hospitality REIT, Inc. $602 Public Real Estate Suspended or Reduced Dividend Payments Suspended monthly distributions, effective immediately. The board intends to resume monthly distributions at a time and level determined to be prudent in relation to the Company’s other cash requirements
Empire State Realty Trust, Inc. $600 Public Real Estate Executives: Reduced CEO Base Salary The Chairman and Chief Executive Officer, has volunteered to reduce his annual base salary 100% for the Company’s second fiscal quarter 2020, retroactively effective on April 1, 2020 through June 30, 2020 to $1.00; In addition, he has volunteered to reduce his annual base salary for the remainder of 2020, effective August 1, 2020 through December 31, 2020. Mr. Malkin’s salary will be reduced by one-third
Empire State Realty Trust, Inc. $600 Public Real Estate Executives: Reduced CEO Incentive Compensation CEO voluntarily agreed to reduce his long-term equity incentive compensation target for 2021, so that the value of equity awards to be granted to him in 2021 in the discretion of the Compensation Committee under the Company’s 2019 Equity Incentive Plan will be not greater than 66% of the value of comparable equity awards issued to him under such Plan in 2020; and as a result, the 2021 grants to these two executives would be reduced from 2020 levels
Empire State Realty Trust, Inc. $600 Public Real Estate Executives: Reduced Other Executive Base Salary EVP, Real Estate has volunteered to reduce his annual base salary for the remainder of 2020, effective August 1, 2020 through December 31, 2020. Mr. Durels’ salary will be reduced by one-fourth
Empire State Realty Trust, Inc. $600 Public Real Estate Executives: Reduced Other Executive Incentive EVP, Real Estate voluntarily agreed to reduce his long-term equity incentive compensation target for 2021, so that the value of equity awards to be granted to him in 2021 in the discretion of the Compensation Committee under the Company’s 2019 Equity Incentive Plan will be not greater than 66% of the value of comparable equity awards issued to him under such Plan in 2020; and as a result, the 2021 grants to these two executives would be reduced from 2020 levels
Washington Prime Group Inc. $545 Public Real Estate Executives: Reduced CEO Base Salary CEO salary reduced 25% until the earlier of 2020 Q3 or a date determined by board. Bonus target opportunity shall be a percentage of the respective officer’s 2020 annual base salary prior to reduction and not a percentage of the actual amount of such officer’s actual base salary earnings paid during 2020
Washington Prime Group Inc. $545 Public Real Estate Executives: Reduced Other Executive Base Salary Salaries of CFO and GC reduced 20% and salaries of CAO and EVP, Head of Leasing reduced 15% until the earlier of 2020 Q3 or a date determined by board. Bonus target opportunity shall be a percentage of the respective officer’s 2020 annual base salary prior to reduction and not a percentage of the actual amount of such officer’s actual base salary earnings paid during 2020
Washington Prime Group Inc. $545 Public Real Estate Board of Directors: Reduced Pay CEO & Director’s base salary shall be reduced by 25%
Washington Prime Group Inc. $545 Public Real Estate Reduced Workforce Effective April 4, 2020, reduced its workforce, through both lay-offs and furloughs, by approximately 20%
Washington Prime Group Inc. $545 Public Real Estate Furlough of Employees Effective April 4, 2020, reduced its workforce, through both lay-offs and furloughs, by approximately 20%
Washington Prime Group Inc. $545 Public Real Estate Suspended or Reduced Dividend Payments Company has again reduced its quarterly dividend payment from $0.13 per share to $0.06 per share throughout the remainder of the year
Ashford Hospitality Trust, Inc. $508 Public Real Estate Executives: Reduced CEO Base Salary CEO salary reduced 15% for duration of crisis. Any amounts relinquished may be paid in the future at the board’s discretion
Ashford Hospitality Trust, Inc. $508 Public Real Estate Executives: Reduced Other Executive Base Salary CFO and other NEO salaries reduced 15% for duration of crisis. Any amounts relinquished may be paid in the future at the board’s discretion
Ashford Hospitality Trust, Inc. $508 Public Real Estate Board of Directors: Reduced Pay Cash retainer reduced 25% for duration of crisis
Ashford Hospitality Trust, Inc. $508 Public Real Estate Suspended or Reduced Dividend Payments Suspended dividend for Q1 2020
Preferred Apartment Communities, Inc. $500 Public Real Estate Annual Incentive Plan Changes While the Board’s ultimate plan for the STIP is to bifurcate the performance criteria between objective metrics and subjective metrics, the STIP for 2020 will be based on different metrics due to the COVID-19 pandemic. The following criteria will be used for determining any STIP awards: property operations in the context of macro events; rent collections on a relative basis compared to peers; successful navigation of what is best for the Company in these extraordinary times; and strategies to improve liquidity and the balance sheet
Preferred Apartment Communities, Inc. $500 Public Real Estate Long-Term Incentive Plan Changes In addition to the time-based awards granted, the Board intends to grant performance-based awards. However, the Board has decided that, in light of the COVID-19 pandemic, that any performance-based awards would be granted no sooner than third quarter 2020.
CorePoint Lodging Inc. $495 Public Real Estate Annual Incentive Plan Changes Revised short-term incentive program to allow board to adjust for unforeseen circumstances, including, but not limited to, COVID-19
CorePoint Lodging Inc. $495 Public Real Estate Executives: Reduced CEO Base Salary CEO will receive a portion of his compensation for the remainder of 2020 in the form of restricted stock
CorePoint Lodging Inc. $495 Public Real Estate Board of Directors: Reduced Pay Board of Directors will be paid their board fees for the remainder of 2020 in the form of deferred stock units
CorePoint Lodging Inc. $495 Public Real Estate Suspended or Reduced Dividend Payments Suspend its common stock dividend for the balance of 2020
Altisource Portfolio Solutions S.A. $446 Public Real Estate Executives: Reduced CEO Base Salary Chairman/CEO agreed to forgo 40% of his base salary beginning April 1, 2020 through December 31, 2020
Altisource Portfolio Solutions S.A. $446 Public Real Estate Executives: Reduced Other Executive Base Salary Reduced the compensation of other NEOs, all direct reports to the Chief Executive Officer and many other employees in an amount between 5% and 25% of base salary
Altisource Portfolio Solutions S.A. $446 Public Real Estate Board of Directors: Reduced Pay In addition, Altisource reduced the cash compensation to the members of the Board of Directors by 50% beginning April 1, 2020 through December 31, 2020
Altisource Portfolio Solutions S.A. $446 Public Real Estate Reduced Workforce Plans to furlough or eliminate the positions of 16% of the workforce
Altisource Portfolio Solutions S.A. $446 Public Real Estate Furlough of Employees Plans to furlough or eliminate the positions of 16% of the workforce
American Finance Trust, Inc. $305 Public Real Estate Suspended or Reduced Dividend Payments Reduced annualized dividend on common stock to $0.85 per share of common stock from $1.10 per share
Braemar Hotels & Resorts, Inc. $290 Public Real Estate Executives: Reduced CEO Base Salary CEO salary reduced 15% for duration of crisis. Any amounts relinquished may be paid in the future at the board’s discretion
Braemar Hotels & Resorts, Inc. $290 Public Real Estate Executives: Reduced Other Executive Base Salary CFO and other NEO salaries reduced 15% for duration of crisis. Any amounts relinquished may be paid in the future at the board’s discretion
Braemar Hotels & Resorts, Inc. $290 Public Real Estate Board of Directors: Reduced Pay Cash retainer reduced 25% for duration of crisis
Braemar Hotels & Resorts, Inc. $290 Public Real Estate Suspended or Reduced Dividend Payments Suspended previously announced dividend for Q1 2020
Pennsylvania Real Estate Investment Trust $284 Public Real Estate Furlough of Employees Implementing a furlough of 37% of our staff by way of temporary suspension or hours reduction
Pennsylvania Real Estate Investment Trust $284 Public Real Estate Suspended or Reduced Dividend Payments Company has reduced quarterly dividend payments from $0.21 per share to $0.02 per share
American Hotel Income Properties REIT LP $201 Public Real Estate Executives: Reduced CEO Base Salary Senior management compensation reduced alongside corporate office staff reductions
American Hotel Income Properties REIT LP $201 Public Real Estate Executives: Reduced Other Executive Base Salary Senior management compensation reduced alongside corporate office staff reductions
American Hotel Income Properties REIT LP $201 Public Real Estate Reduced Workforce Hotel staffing levels reduced by 65%
American Hotel Income Properties REIT LP $201 Public Real Estate Suspended or Reduced Dividend Payments Deferred previously announced March 2020 distribution payment
Cedar Realty Trust, Inc. $136 Public Real Estate Suspended or Reduced Dividend Payments Company has reduced quarterly dividend payments from $0.05 per share to $0.01 per share
Great Portland Estates Plc $124 Public Real Estate Executives: Reduced CEO Base Salary On June 1, approved a 20% salary reduction for the CEO
Great Portland Estates Plc $124 Public Real Estate Executives: Reduced Other Executive Base Salary On June 1, approved a 10% salary reduction for senior management team
Great Portland Estates Plc $124 Public Real Estate Board of Directors: Reduced Pay Effective June 1, cash retainer paid to the Company’s Board of Directors will be reduced by 10%
Great Portland Estates Plc $124 Public Real Estate Furlough of Employees Select furloughs will be implemented. All health and related benefits will still be available to furloughed employees during their furlough time
Great Portland Estates Plc $124 Public Real Estate Suspended Buyback Program The program was suspended in the fourth quarter of 2019
Seritage Growth Properties $119 Public Real Estate Executives: Reduced CEO Base Salary Reduced executive and senior management compensation
Seritage Growth Properties $119 Public Real Estate Executives: Reduced Other Executive Base Salary Reduced executive and senior management compensation
Seritage Growth Properties $119 Public Real Estate Furlough of Employees Furloughed 25% of full-time members
Sotherly Hotels Inc. $101 Public Real Estate Executives: Reduced CEO Base Salary Significantly reducing corporate G&A, including immediate reductions in compensation and benefits for all employees, including our executive staff
Sotherly Hotels Inc. $101 Public Real Estate Executives: Reduced Other Executive Base Salary Significantly reducing corporate G&A, including immediate reductions in compensation and benefits for all employees, including our executive staff
Sotherly Hotels Inc. $101 Public Real Estate Board of Directors: Reduced Pay Significantly reducing corporate G&A, including the voluntary 100% reduction of director fees for one quarter, and will revisit additional waivers each quarter
Sotherly Hotels Inc. $101 Public Real Estate Non-Executives: Reduced Pay Significantly reducing corporate G&A, including immediate reductions in compensation and benefits for all employees, including our executive staff
Sotherly Hotels Inc. $101 Public Real Estate Reduced Workforce Reduced our corporate staff by over 20%
Sotherly Hotels Inc. $101 Public Real Estate Suspended or Reduced Dividend Payments Suspending our regular quarterly cash common stock dividends in order to preserve liquidity
CorEnergy Infrastructure Trust, Inc. $57 Public Real Estate Suspended or Reduced Dividend Payments Reduced dividend payment from $0.75 to $0.05 per share
Condor Hospitality Trust, Inc. $41 Public Real Estate Reduced Workforce Staff reductions
Condor Hospitality Trust, Inc. $41 Public Real Estate Furlough of Employees Furloughed some employees
Condor Hospitality Trust, Inc. $41 Public Real Estate Suspended or Reduced Dividend Payments No cash dividend payments will be made for the remaining term of the debt
Stratus Properties Inc. $14 Public Real Estate Executives: Reduced CEO Incentive Compensation The committee also believed it was important to consider the COVID-19 pandemic, an approximate 20% reduction for each as compared to the annual incentive awards received for 2018; The committee also elected to increase the annual RSU grant for our executive officers for 2020, thereby shifting a portion of the reduced 2019 annual incentive award to a long-term award
Stratus Properties Inc. $14 Public Real Estate Executives: Reduced Other Executive Incentive The committee also believed it was important to consider the COVID-19 pandemic, an approximate 20% reduction for each as compared to the annual incentive awards received for 2018; The committee also elected to increase the annual RSU grant for our executive officers for 2020, thereby shifting a portion of the reduced 2019 annual incentive award to a long-term award
H & M Hennes & Mauritz AB (publ) $21,843 Public Retailing Non-Executives: Guaranteed Pay Continuity Continue to support impacted colleagues with two weeks of continued pay through April 2nd
H & M Hennes & Mauritz AB (publ) $21,843 Public Retailing Suspended or Reduced Dividend Payments Suspended dividend
Penske Automotive Group, Inc. $20,444 Public Retailing Executives: Reduced CEO Base Salary 100% reduction in salary for CEO for the duration of the crisis
Penske Automotive Group, Inc. $20,444 Public Retailing Executives: Reduced Other Executive Base Salary 100% reduction in salary for President for the duration of the crisis. Executive and management salaries reduced 25%
Penske Automotive Group, Inc. $20,444 Public Retailing Board of Directors: Reduced Pay Cash compensation reduced 100% for six months
Penske Automotive Group, Inc. $20,444 Public Retailing Furlough of Employees Furloughed approximately 15,000 employees (57% of worldwide workforce)
Penske Automotive Group, Inc. $20,444 Public Retailing Suspended or Reduced Dividend Payments Announced in May the company suspended its cash dividend
Qurate Retail, Inc. $13,898 Public Retailing Non-Executives: Additional Payments for On-Site Employees For those whose work was required to be conducted on-site, we offered recognition pay, which included an increase of $2 per hour for all hourly team members and an increase for salaried team members
Wayfair Inc. $13,008 Public Retailing Non-Executives: Additional Payments for On-Site Employees We are increasing pay for hourly employees in our fulfillment centers and home-delivery operations by $4 per hour for their hard work and dedication in these unprecedented times. This pay premium will be applied to hours worked through June 20, 2020
Wayfair Inc. $13,008 Public Retailing Expanded Benefits Programs We are providing emergency paid time off to enable team members who are not feeling well to stay home without losing pay
Burlington Stores, Inc. $7,277 Public Retailing Annual Incentive Plan Changes Under the terms of the Annual Incentive Plan, the Committee retains discretion to adjust for factors it deems appropriate, such as the COVID-19 virus
Burlington Stores, Inc. $7,277 Public Retailing Executives: Reduced CEO Base Salary Burlington’s CEO salary reduced 100%
Burlington Stores, Inc. $7,277 Public Retailing Executives: Reduced Other Executive Base Salary The Company’s executive leadership team has voluntarily agreed to decrease their salary by 50%
Burlington Stores, Inc. $7,277 Public Retailing Board of Directors: Reduced Pay The Company’s Board of Directors will forfeit 100% of cash compensation
Burlington Stores, Inc. $7,277 Public Retailing Non-Executives: Suspended Raises and/or Bonuses Finalization of annual incentive bonus payments related to Fiscal 2019 performance, as well as merit pay increases for Fiscal 2020, have been delayed
Burlington Stores, Inc. $7,277 Public Retailing Non-Executives: Guaranteed Pay Continuity Employees will be paid for all of the hours they were scheduled to work
Burlington Stores, Inc. $7,277 Public Retailing Furlough of Employees Temporarily furloughed most store and distribution center associates. Continue to provide benefits to furloughed associates, including paying 100% of their current health benefit premiums. Established a hotline to assist impacted associates to help gain access to government assistance programs available from the recently passed fiscal stimulus package
Burlington Stores, Inc. $7,277 Public Retailing Suspended Buyback Program Company has suspended its share buyback program
Burlington Stores, Inc. $7,277 Public Retailing Executives: Suspended Raises and/or Bonuses Finalization of annual incentive bonus payments related to Fiscal 2019 performance, as well as merit pay increases for Fiscal 2020, have been delayed
Dillard’s, Inc. $6,343 Public Retailing Executives: Reduced CEO Base Salary Reduced CEO salary by 100% with an expected duration through the payroll period ended May 30th
Dillard’s, Inc. $6,343 Public Retailing Executives: Reduced Other Executive Base Salary On April 17th, the Company executed a temporary 20% salary reduction for all salaried associates with an expected duration through the payroll period ended May 30th
Dillard’s, Inc. $6,343 Public Retailing Non-Executives: Reduced Pay Reduced salaries for store associates by 20% until May 30, 2020
Dillard’s, Inc. $6,343 Public Retailing Furlough of Employees On March 27th, the Company began furloughing associates in closed locations. At the peak of store closures, approximately 90% of Dillard’s 38,000 associates were furloughed. Dillard’s has continued to provide certain benefits to its furloughed associates. The vast majority of associates invited back to Dillard’s as stores re-open have returned. As of May 14, approximately 65% of Dillard’s associates remain on furlough
Dillard’s, Inc. $6,343 Public Retailing Suspended Buyback Program The Company temporarily suspended share repurchases on March 12th
Camping World Holdings, Inc. $5,278 Public Retailing Executives: Reduced CEO Base Salary Base salary reduced 25% from $200,000 to $50,000, effective March 30
Camping World Holdings, Inc. $5,278 Public Retailing Executives: Reduced Other Executive Base Salary On April 14, 2020, the Company reduced the salaries of the COO and CFO, to $50,000 annually, such reduction to be in effect from April 6, 2020 to May 31, 2020. In addition, the CFO’s annual base salary has been reduced to $0 for the period from March 30, 2020 to April 5, 2020
TravelCenters of America Inc. $5,082 Public Retailing Furlough of Employees TA has made the difficult decision to furlough approximately 2,900 field employees, as well as approximately 122 corporate employees
Ascena Retail Group, Inc. $3,718 Public Retailing Executives: Granted Discretionary Award $5.5 million in cash retention and incentive awards to the CEO, interim executive board chair, and CFO prior to filing for chapter 11
Ascena Retail Group, Inc. $3,718 Public Retailing Executives: Reduced CEO Base Salary CEO salary reduced by 50%, effective March 29, 2020; Restored base salaries to their pre-reduction rates for all those who were subject to a temporary base salary reduction as a result of the COVID-19 pandemic, effective as of June 21, 2020
Ascena Retail Group, Inc. $3,718 Public Retailing Executives: Reduced Executive Chairman Pay Interim Executive Chair salary reduced 50%, effective March 29, 2020; Restored base salaries to their pre-reduction rates for all those who were subject to a temporary base salary reduction as a result of the COVID-19 pandemic, effective as of June 21, 2020
Ascena Retail Group, Inc. $3,718 Public Retailing Executives: Reduced Other Executive Base Salary Salary reductions for other executives and corporate associates above a certain salary will range from 10% to 45% depending on base pay, effective March 29, 2020; Restored base salaries to their pre-reduction rates for all those who were subject to a temporary base salary reduction as a result of the COVID-19 pandemic, effective as of June 21, 2020
Ascena Retail Group, Inc. $3,718 Public Retailing Non-Executives: Reduced Pay Salaries of all corporate associates above a certain salary reduced by 10% to 45% depending on base pay, effective March 29, 2020; Restored base salaries to their pre-reduction rates for all those who were subject to a temporary base salary reduction as a result of the COVID-19 pandemic, effective as of June 21, 2020
Ascena Retail Group, Inc. $3,718 Public Retailing Furlough of Employees Furloughed store associates until stores reopen
Floor & Decor Holdings, Inc. $2,229 Public Retailing Executives: Reduced CEO Base Salary CEO salary reduced 100% other than an amount covering benefits provided by the Company
Floor & Decor Holdings, Inc. $2,229 Public Retailing Executives: Reduced Other Executive Base Salary President and CFO salaries will be reduced by 50%
Floor & Decor Holdings, Inc. $2,229 Public Retailing Board of Directors: Reduced Pay Retainer fees temporarily reduced 100%
Floor & Decor Holdings, Inc. $2,229 Public Retailing Non-Executives: Reduced Pay Base salaries of senior management team, as well as other salaried teammates, were temporarily reduced by graduated amounts
Express, Inc. $2,019 Public Retailing Non-Executives: Suspended Raises and/or Bonuses Suspending merit pay increases for 2020
Express, Inc. $2,019 Public Retailing Furlough of Employees Furloughing most store associates and a number of corporate associates, pausing pay while continuing to provide healthcare benefits for those eligible until such time as stores are able to reopen; freezing hiring for the duration of the crisis
Express, Inc. $2,019 Public Retailing Executives: Suspended Raises and/or Bonuses Suspending merit pay increases for 2020
Party City Holdco Inc. $1,934 Public Retailing Executives: Reduced CEO Base Salary A temporary base salary reduction of 50% for the CEO
Party City Holdco Inc. $1,934 Public Retailing Executives: Reduced Other Executive Base Salary A temporary base salary reduction of 30% for the CFO and 15% to 20% for the remainder of the executive leadership team
Party City Holdco Inc. $1,934 Public Retailing Board of Directors: Reduced Pay The Board of Directors has elected to forgo 100% of respective quarterly cash retainers for the second quarter of 2020
Party City Holdco Inc. $1,934 Public Retailing Furlough of Employees The furlough of approximately 90% of store employees and 70% of wholesale, manufacturing and corporate employees. The Company will continue to provide health benefits to furloughed employees
Stitch Fix, Inc. $1,712 Public Retailing Executives: Reduced CEO Base Salary CEO salary reduced by 100% until the end of 2020
Groupon, Inc. $1,686 Public Retailing Board of Directors: Reduced Pay Deferred cash compensation into equity for non-employee directors
Groupon, Inc. $1,686 Public Retailing Non-Executives: Suspended Raises and/or Bonuses Eliminated merit increases
Groupon, Inc. $1,686 Public Retailing Furlough of Employees Furlough 2,800 workers and implemented hiring freeze
Groupon, Inc. $1,686 Public Retailing Executives: Suspended Raises and/or Bonuses Eliminated merit increases
National Vision Holdings, Inc. $1,617 Public Retailing Executives: Reduced CEO Base Salary CEO salary reduced 100% for the remainder of 2020
National Vision Holdings, Inc. $1,617 Public Retailing Executives: Reduced Other Executive Base Salary The two senior executives at our AC Lens division have also agreed to work at the rate of $1 for 2020. The Company’s other executive officers have also elected to reduce their respective base salaries by 30%
National Vision Holdings, Inc. $1,617 Public Retailing Board of Directors: Reduced Pay Annual cash retainer reduced 100% for 2020
National Vision Holdings, Inc. $1,617 Public Retailing Non-Executives: Reduced Pay The Company has also taken action to reduce compensation and work hours across the organization as it continues to closely evaluate and monitor the situation
National Vision Holdings, Inc. $1,617 Public Retailing Furlough of Employees The Company has temporarily furloughed a significant portion of its associates
Lands’ End, Inc. $1,450 Public Retailing Executives: Reduced CEO Base Salary CEO salary reduced by 50%
Lands’ End, Inc. $1,450 Public Retailing Executives: Reduced Other Executive Base Salary Salary for NEOs excluding the CEO reduced by 20% and scaled reductions are being taken throughout the Company
Lands’ End, Inc. $1,450 Public Retailing Board of Directors: Reduced Pay Cash compensation temporarily reduced
Lands’ End, Inc. $1,450 Public Retailing Non-Executives: Reduced Pay Scaled salary reductions throughout the Company
Lands’ End, Inc. $1,450 Public Retailing Non-Executives: Suspended Raises and/or Bonuses Eliminated fiscal 2020 merit increases
Lands’ End, Inc. $1,450 Public Retailing Suspended 401(k) Match Temporarily suspended 401 (k) match
Lands’ End, Inc. $1,450 Public Retailing Furlough of Employees Furlough of approximately 70% of corporate employees and nearly 100% of retail employees through at least May 1
At Home Group Inc. $1,365 Public Retailing Annual Incentive Plan Changes FY 2021 bonuses will be based upon quarterly financial, operational and/or other quantitative and qualitative measures tied to the revised budget and strategic plan for the remainder of fiscal year 2021, as well as the overall performance of the Company and the performance of the NEOs as a group and individually
At Home Group Inc. $1,365 Public Retailing Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for duration of the temporary furlough implemented for certain employees
At Home Group Inc. $1,365 Public Retailing Board of Directors: Reduced Pay Deferred 100% of compensation for the Board of Directors
At Home Group Inc. $1,365 Public Retailing Non-Executives: Reduced Pay Temporarily reduced compensation for the remaining home office associates, including the executive team, by 10% to 30% depending on salary grade
At Home Group Inc. $1,365 Public Retailing Non-Executives: Suspended Raises and/or Bonuses Deferred promotions and merit compensation adjustments for existing employees
At Home Group Inc. $1,365 Public Retailing Non-Executives: Guaranteed Pay Continuity Associates will be paid while stores are closed through March 28
At Home Group Inc. $1,365 Public Retailing Reduced Workforce Eliminated approximately 10% of home office roles, primarily related to new store development and openings
At Home Group Inc. $1,365 Public Retailing Furlough of Employees Implemented temporary furloughs of approximately 30% of home office associates. Furloughed team members will be paid through April 11th. At Home will fund both the employee and employer portions of health insurance premiums for eligible salaried individuals during the furlough period
At Home Group Inc. $1,365 Public Retailing Executives: Suspended Raises and/or Bonuses Deferred promotions and merit compensation adjustments for existing employees
OneWater Marine Inc. $1,023 Public Retailing Executives: Reduced CEO Base Salary Salary reduced 100% for 2 months
OneWater Marine Inc. $1,023 Public Retailing Executives: Reduced Other Executive Base Salary COO salary reduced 100% for 2 months. CFO salary reduced 20% for 3 months
OneWater Marine Inc. $1,023 Public Retailing Board of Directors: Reduced Pay Cash compensation reduced 100% for six months
OneWater Marine Inc. $1,023 Public Retailing Non-Executives: Reduced Pay Salaries of all other managers and select salaried employees reduced 10%
OneWater Marine Inc. $1,023 Public Retailing Furlough of Employees Actions to reduce costs across the company, including workforce furloughs and/or reductions
Big 5 Sporting Goods Corporation $995 Public Retailing Executives: Granted Discretionary Award Special bonus to most members of the Big 5 team, with the exception of senior executive
Big 5 Sporting Goods Corporation $995 Public Retailing Non-Executives: Suspended Raises and/or Bonuses Announced it July the company is moving forward with previously planned annual pay increases for the Big 5 team that had been suspended due to the uncertainties surrounding COVID-19
Big 5 Sporting Goods Corporation $995 Public Retailing Executives: Suspended Raises and/or Bonuses Announced it July the company is moving forward with previously planned annual pay increases for the Big 5 team that had been suspended due to the uncertainties surrounding COVID-19
The Container Store Group, Inc. $916 Public Retailing Annual Incentive Plan Changes Temporarily defer 100% of NEO and senior management team’s annual cash bonus for 2020
The Container Store Group, Inc. $916 Public Retailing Executives: Granted Discretionary Award In light of the unforeseeable and extraordinary nature of the COVID-19 pandemic, the Board determined to grant an additional discretionary bonus to each of Mses. Reiff and Taylor in an amount equal to the difference between (1) 50% of the bonus that each executive was projected to have earned but for the onset of the COVID-19 pandemic and (2) the bonus actually earned by each executive applying the original performance targets
The Container Store Group, Inc. $916 Public Retailing Executives: Reduced CEO Base Salary Salary of CEO reduced 45% effective March 30, 2020
The Container Store Group, Inc. $916 Public Retailing Executives: Reduced Other Executive Base Salary The base salaries of CEO and the Company’s other executive officers, will be reduced 45% and 33%, respectively, effective March 30, 2020
The Container Store Group, Inc. $916 Public Retailing Board of Directors: Reduced Pay Quarterly retainer fees scheduled to be paid on April 1 reduced 100%
The Container Store Group, Inc. $916 Public Retailing Non-Executives: Reduced Pay Base salaries of all other members senior management team, as well as other certain salaried employees, were temporarily reduced by varying amounts
The Container Store Group, Inc. $916 Public Retailing Furlough of Employees Therefore, it will be furloughing a portion of corporate employees starting March 30, 2020
Sportsman’s Warehouse Holdings, Inc. $886 Public Retailing Non-Executives: Additional Payments for On-Site Employees In its first quarter financial results, the Company reported increased wages paid to front-line associates due to COVID-19
Citi Trends, Inc. $782 Public Retailing Executives: Reduced CEO Base Salary Reduced CEO cash compensation by 25%
Citi Trends, Inc. $782 Public Retailing Executives: Reduced Other Executive Base Salary Reduced senior executives cash compensation by 15% to 20%
Citi Trends, Inc. $782 Public Retailing Board of Directors: Reduced Pay Reduced Board of Directors cash compensation by 25%
Citi Trends, Inc. $782 Public Retailing Furlough of Employees The Company has placed on furlough substantially all of its store and distribution center personnel, as well as about 40% of its corporate staff. The Company will pay for the first 30 days of medical benefits for covered associates during the furlough
Lazydays Holdings, Inc. $765 Public Retailing Executives: Reduced CEO Base Salary Senior management will forgo 25% of their salary
Lazydays Holdings, Inc. $765 Public Retailing Executives: Reduced Other Executive Base Salary Senior management will forgo 25% of their salary
Lazydays Holdings, Inc. $765 Public Retailing Non-Executives: Suspended Raises and/or Bonuses Suspend 2020 annual pay increases
Lazydays Holdings, Inc. $765 Public Retailing Suspended 401(k) Match Suspend 401k match
Lazydays Holdings, Inc. $765 Public Retailing Reduced Workforce Reduce its workforce by approximately 25%
Aritzia Inc. $731 Public Retailing Other During period of store closure, company will donate all profits to relief fund to pay employees
J.Jill, Inc. $691 Public Retailing Executives: Reduced CEO Base Salary Salary reduced
J.Jill, Inc. $691 Public Retailing Executives: Reduced Other Executive Base Salary Executive officer salaries reduced
J.Jill, Inc. $691 Public Retailing Board of Directors: Reduced Pay Board fees reduced 100%
J.Jill, Inc. $691 Public Retailing Non-Executives: Guaranteed Pay Continuity During initial store closures, guaranteed pay for scheduled hours
J.Jill, Inc. $691 Public Retailing Furlough of Employees Furloughed store associates until stores reopen. Associates who are currently enrolled in health benefits will be able to maintain coverage for up to 60 days
Funko, Inc. $640 Public Retailing Executives: Reduced CEO Base Salary CEO, President, CFO and GC/Secretary have each agreed to a reduction in their base salary by 20% through June 30, 2020
Funko, Inc. $640 Public Retailing Executives: Reduced Other Executive Base Salary CEO, President, CFO and GC/Secretary have each agreed to a reduction in their base salary by 20% through June 30, 2020
Funko, Inc. $640 Public Retailing Non-Executives: Reduced Pay Implementing salary reductions across the executive team as well as members of upper level management
Funko, Inc. $640 Public Retailing Furlough of Employees Beginning on April 5th, Funko will furlough a significant portion of its employees
Tilly’s, Inc. $619 Public Retailing Executives: Reduced CEO Base Salary CEO will forgo salary for the month of April 2020, and thereafter will join the Company’s management team in taking a temporary pay cut
Tilly’s, Inc. $619 Public Retailing Executives: Reduced Executive Chairman Pay Executive Chairman and Chief Strategy Officer has elected to forgo 100% of his salary until stores reopen or conditions improve
Tilly’s, Inc. $619 Public Retailing Executives: Reduced Other Executive Base Salary Corporate management team will take a significant temporary pay cut, effective immediately, based on a graduated scale according to annual salary until stores reopen or conditions improve
Tilly’s, Inc. $619 Public Retailing Board of Directors: Reduced Pay Cash retainer fees reduced 100% until stores reopen or conditions improve
Tilly’s, Inc. $619 Public Retailing Furlough of Employees Furloughed all non-management store associates and a portion of its corporate office staff, distribution management, and distribution staff
Kirkland’s, Inc. $604 Public Retailing Executives: Reduced CEO Base Salary Temporarily reduced compensation for the executive team
Kirkland’s, Inc. $604 Public Retailing Executives: Reduced Other Executive Base Salary Temporarily reduced compensation for the executive team
Kirkland’s, Inc. $604 Public Retailing Board of Directors: Reduced Pay Board of Directors elected to forego 100% of their cash compensation for the first quarter
Kirkland’s, Inc. $604 Public Retailing Non-Executives: Reduced Pay Temporarily reduced the pay of full-time managers and key employees
Kirkland’s, Inc. $604 Public Retailing Reduced Workforce Permanently reduced headcount at our corporate headquarters by approximately 18%
Kirkland’s, Inc. $604 Public Retailing Furlough of Employees After paying all store team members during the first two weeks of closure, permanently reduced 33% of distribution center indirect labor and furloughed 30% of direct labor
Revolve Group, Inc. $587 Public Retailing Executives: Reduced CEO Base Salary Base salaries reduced by 99% for both Co-CEOs
Revolve Group, Inc. $587 Public Retailing Executives: Reduced Other Executive Base Salary Base salaries for the Company’s NEOs were reduced by 50% for CFO and the COO; The Company also reduced salaries for senior management (other than the NEOs) by 35% to 45%
Revolve Group, Inc. $587 Public Retailing Non-Executives: Reduced Pay A combination of salary and wage reductions for the remainder of the Company’s corporate employees
Revolve Group, Inc. $587 Public Retailing Furlough of Employees Reducing corporate staff overhead through furloughs or layoffs of approximately 40% of the existing corporate headcount
Destination XL Group, Inc. $474 Public Retailing Long-Term Incentive Plan Changes In June 2020, the Compensation Committee approved the 2020-2022 LTIP and granted time-based compensation in a combination of 50% cash and 50% stock options, to be earned through April 1, 2024. Given the continued uncertainty regarding the COVID-19 pandemic and the short-term and long-term impact it may have on consumer spending, the Compensation Committee established one performance metric for the 2020-2022 LTIP: “Three-Year Relative Total Shareholder Return” as compared to the Company’s 2020 proxy peer group
Destination XL Group, Inc. $474 Public Retailing Executives: Reduced CEO Base Salary Effective April 5, CEO will take a temporary reduction in respective base salaries of 20%
Destination XL Group, Inc. $474 Public Retailing Executives: Reduced Other Executive Base Salary Effective April 5, CEO, CFO, CAO, and GC will take a temporary reduction in respective base salaries of 20%
Destination XL Group, Inc. $474 Public Retailing Non-Executives: Reduced Pay Each of the other members of the management team, down to the director level, will take a temporary reduction in salary ranging from 10% to 20%.
Christopher & Banks Corporation $349 Public Retailing Executives: Reduced CEO Base Salary Salary reduced 50% for duration of crisis. Target bonus and any severance payment will be calculated based on regular base salary, without regard to the temporary pay reduction
Christopher & Banks Corporation $349 Public Retailing Executives: Reduced Other Executive Base Salary Salaries reduced 20% for all employees effective March 22 for duration of crisis
Christopher & Banks Corporation $349 Public Retailing Non-Executives: Reduced Pay Salaries reduced 20% for all employees effective March 22 for duration of crisis
Build-A-Bear Workshop, Inc. $339 Public Retailing Executives: Reduced CEO Base Salary CEO salary reduced 20%
Build-A-Bear Workshop, Inc. $339 Public Retailing Executives: Reduced Other Executive Base Salary Executive officers receiving a 20% salary cut
Build-A-Bear Workshop, Inc. $339 Public Retailing Board of Directors: Reduced Pay Cash retainer eliminated 100% for Q1 2020
Build-A-Bear Workshop, Inc. $339 Public Retailing Non-Executives: Reduced Pay Nearly all remaining employees will have pay reductions
Build-A-Bear Workshop, Inc. $339 Public Retailing Furlough of Employees More than 90% of employees will be furloughed starting on March 29. Affected employees will not be paid, but will continue to receive benefits
The RealReal, Inc. $298 Public Retailing Executives: Reduced CEO Base Salary Reduced executive salaries
The RealReal, Inc. $298 Public Retailing Executives: Reduced Other Executive Base Salary Reduced executive salaries
The RealReal, Inc. $298 Public Retailing Reduced Workforce Reduced overall headcount by approximately 10%; instituted a hire freeze
The RealReal, Inc. $298 Public Retailing Furlough of Employees Furloughed approximately 15% of total headcount including employees in its e-commerce centers, retail stores, Luxury Consignment Offices, sales organization and headquarters
Leaf Group Ltd. $192 Public Retailing Annual Incentive Plan Changes NEOs and executive team deferred payment of 2019 annual cash bonuses
Leaf Group Ltd. $192 Public Retailing Executives: Reduced CEO Base Salary CEO salary reduced 50% for undefined time period
Leaf Group Ltd. $192 Public Retailing Executives: Reduced Other Executive Base Salary NEO and executive team salaries reduced 25%
Leaf Group Ltd. $192 Public Retailing Board of Directors: Reduced Pay Cash retainer compensation reduced 100% for Q1 and Q2 2020
Birks Group Inc. $120 Public Retailing Executives: Reduced CEO Base Salary Implemented temporary base salary reductions of 20% for its executive officers
Birks Group Inc. $120 Public Retailing Executives: Reduced Other Executive Base Salary Implemented temporary base salary reductions of 20% for its executive officers
Birks Group Inc. $120 Public Retailing Board of Directors: Reduced Pay The Company’s Board of Directors has also temporarily reduced its compensation by 20%
Birks Group Inc. $120 Public Retailing Non-Executives: Reduced Pay Reduced its workweek by 20% for most of those employees who remain active
Birks Group Inc. $120 Public Retailing Furlough of Employees The Company has temporarily laid off over 80% of its employees without pay
Robinson Europe S.A. $5 Public Retailing Executives: Reduced CEO Base Salary Chief Executive will forgo 25% of her fixed pay for the remainder of 2020, which will be donated to the National Emergencies Trust (NET) Coronavirus Appeal
Robinson Europe S.A. $5 Public Retailing Executives: Reduced Executive Chairman Pay Chairman will forgo 25% of his fixed pay for the remainder of 2020, which will be donated to the National Emergencies Trust (NET) Coronavirus Appeal
SunPower Corporation $1,125 Public Semiconductors and Semiconductor Equipment Executives: Reduced CEO Base Salary CEO salary reduced 30% March 30 through either the achievement of certain financial milestones after July 1 or January 1, 2021
SunPower Corporation $1,125 Public Semiconductors and Semiconductor Equipment Executives: Reduced Other Executive Base Salary NEO salaries reduced 25% March 30 through either the achievement of certain financial milestones after July 1 or January 1, 2021
Alpha and Omega Semiconductor Limited $465 Public Semiconductors and Semiconductor Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – Under the 2020 bonus plan, the performance goals are comprised of a range of non-GAAP earnings per share and revenue for calendar year 2020. The Compensation Committee reduced the target opportunity under the plan by 50% compared to the 2019 plan and capped the payout at target so that the actual amount of the award earned by an executive officer will range from 25% to 50% of annual base salary for our chief executive officer and from 15% to 30% of annual base salary for our other executive officers depending on the level of attainment of the performance goals
Alpha and Omega Semiconductor Limited $465 Public Semiconductors and Semiconductor Equipment Long-Term Incentive Plan Changes Revised current, in-process incentive plan – the Compensation Committee believes it is reasonable to extend the MSU Performance Period for the share price targets by one year to the end of 2022 and the revenue measurement period to 2022. Although the performance period is being extended to account for changes caused by COVID-19, the Company remains committed to the original goals set and that the goals themselves are not being adjusted.
Alpha and Omega Semiconductor Limited $465 Public Semiconductors and Semiconductor Equipment Executives: Suspended Raises and/or Bonuses The Compensation Committee determined there would be no base salary merit increases for executives for fiscal year 2021; The Compensation Committee also delayed adoption of the calendar year 2020 executive incentives bonus plan until August 12, 2020 to allow for the impact of the COVID-19 pandemic to be more fully understood
Rubicon Technology, Inc. $5 Public Semiconductors and Semiconductor Equipment Executives: Reduced CEO Base Salary In April 2020, the Committee approved a temporary 30% base salary reduction for the CEO in response to COVID-19 and the associated reduction in our workforce and cost cutting initiatives
Rubicon Technology, Inc. $5 Public Semiconductors and Semiconductor Equipment Board of Directors: Reduced Pay In April 2020, the Committee approved a temporary 30% Board Cash Retainer reduction for our Board of Directors in response to COVID-19 and the associated reduction in our workforce and cost cutting initiatives
Rubicon Technology, Inc. $5 Public Semiconductors and Semiconductor Equipment Reduced Workforce Reducing headcount by approximately 8% of our combined workforce
Booz Allen Hamilton Holding Corporation $7,464 Public Software and Services Expanded Benefits Programs The Company offered emergency paid time off for employees who become ill from coronavirus or have unexpected dependent care needs due to the pandemic. The Company also made an additional contribution to employee Flexible Spending Accounts for dependent-care expenses; The Company provided an infusion of $5 million of support for the Booz Allen Employee Resilience Fund, which will provide grants to employees facing financial hardships due to the pandemic
Booz Allen Hamilton Holding Corporation $7,464 Public Software and Services Other The Company committed to no layoffs, furloughs or reduced work hours or pay for employees in good standing through at least July 1
Workday, Inc. $3,627 Public Software and Services Non-Executives: One-Time Bonus A one-time payment—equivalent to two-weeks pay—for the majority of employees to help accommodate any unforeseen costs and needs at their discretion
Workday, Inc. $3,627 Public Software and Services Expanded Benefits Programs Expanded childcare from 10 to 15 days. Expanded paid sick leave policy for any infected employee
Edenred SA $1,685 Public Software and Services Executives: Reduced CEO Base Salary Salary reduced
Edenred SA $1,685 Public Software and Services Executives: Reduced Other Executive Base Salary Executive Committee salary reductions
Edenred SA $1,685 Public Software and Services Board of Directors: Reduced Pay Compensation reduced
Edenred SA $1,685 Public Software and Services Suspended or Reduced Dividend Payments 20% decrease in the proposed dividend for 2019
Nuance Communications, Inc. $1,479 Public Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – Bifurcated annual incentive plan into two equally weighted periods. Adjusted guidance for the second half to take into account the impact of COVID-19. To accommodate for the unknowns in our projections given the unknowns of the pandemic, we capped the second half of fiscal 2020 payout percentage at 100% for each financial metric, so that there would be no payout benefit for results that may have in part come from a faster recovery than assumed in our updated guidance. Adjustment resulted in payout of 100% instead of 61% under the original plan
Nuance Communications, Inc. $1,479 Public Software and Services Suspended Buyback Program Repurchased shares then paused these activities when COVID escalated in March
Nuance Communications, Inc. $1,479 Public Software and Services Other Delivery service perquisite while the executive team and their household family members quarantined at home for a number of weeks beginning in early March amounting to $500-$1,700
Nutanix, Inc. $1,308 Public Software and Services Executives: Reduced CEO Base Salary Implementing a 10% reduction in executive salaries effective April 2020
Nutanix, Inc. $1,308 Public Software and Services Executives: Reduced Other Executive Base Salary Implementing a 10% reduction in executive salaries effective April 2020
Nutanix, Inc. $1,308 Public Software and Services Non-Executives: Suspended Raises and/or Bonuses Pausing all merit salary increases and bonus payments
Nutanix, Inc. $1,308 Public Software and Services Furlough of Employees Implementing two, non-consecutive, mandatory one-week furloughs for our employees in the U.S., along with two, nonconsecutive, voluntary one-week unpaid leave periods for our employees outside the U.S., in a period spanning May to October 2020
Nutanix, Inc. $1,308 Public Software and Services Executives: Suspended Raises and/or Bonuses Pausing all merit salary increases and bonus payments
MoneyGram International, Inc. $1,217 Public Software and Services Executives: Reduced CEO Base Salary Salaries of all non-hourly employees, including all Executive Officers of the Company, are being reduced by 20%
MoneyGram International, Inc. $1,217 Public Software and Services Executives: Reduced Other Executive Base Salary Salaries of all non-hourly employees, including all Executive Officers of the Company, are being reduced by 20%
MoneyGram International, Inc. $1,217 Public Software and Services Board of Directors: Reduced Pay Cash retainers for board service reduced 20% until board determines the effects of COVID-19 have subsided. Amounts relinquished may be paid back in the future, as determined by the board
MoneyGram International, Inc. $1,217 Public Software and Services Non-Executives: Reduced Pay Salaries of all non-hourly employees, including all Executive Officers of the Company, are being reduced by 20%
FireEye, Inc. $941 Public Software and Services Reduced Workforce Laying off about 6% of its workforce
Cloudera, Inc. $794 Public Software and Services Executives: Reduced CEO Incentive Compensation On May 6, 2020, the President and Chief Executive Officer of Cloudera, Inc. voluntarily forfeited restricted stock units to purchase 275,000 shares of the Company’s common stock previously granted in connection with his appointment as the Company’s President and Chief Executive Officer effective January 13, 2020. He forfeited the RSUs in order to facilitate making equity grants of approximately the same number of restricted stock units to the Company’s non-executive employees in recognition of a reduction to their cash bonuses for the remainder of fiscal year 2021 as a result of COVID-19 and other business factors without resulting in additional dilution to the Company’s stockholders
StarTek, Inc. $637 Public Software and Services Executives: Reduced CEO Base Salary Global CEO will forgo 100% of cash salary for the remainder of 2020
StarTek, Inc. $637 Public Software and Services Executives: Reduced Executive Chairman Pay Executive Chairman will forgo 100% of cash salary for the remainder of 2020
Altair Engineering Inc. $460 Public Software and Services Executives: Reduced CEO Base Salary Specifically, we have introduced temporary wage reductions, or other measures, in accordance with local labor laws and regulations, to reduce near term compensation costs
Altair Engineering Inc. $460 Public Software and Services Executives: Reduced Other Executive Base Salary Specifically, we have introduced temporary wage reductions, or other measures, in accordance with local labor laws and regulations, to reduce near term compensation costs
Altair Engineering Inc. $460 Public Software and Services Non-Executives: Reduced Pay Specifically, we have introduced temporary wage reductions, or other measures, in accordance with local labor laws and regulations, to reduce near term compensation costs
EVO Payments, Inc. $452 Public Software and Services Executives: Reduced CEO Base Salary Salary reduced 50% for undefined time period
EVO Payments, Inc. $452 Public Software and Services Executives: Reduced Other Executive Base Salary NEO salaries reduced 50% for undefined time period
Mimecast Limited $427 Public Software and Services Executives: Reduced CEO Base Salary CEO voluntarily agreed to temporarily forfeit his base salary for the period from May 1, 2020 until September 30, 2020. Company is covering his required contributions to his employment benefits and related payroll taxes, if any
Mimecast Limited $427 Public Software and Services Executives: Reduced CEO Incentive Compensation CEO voluntarily agreed to temporarily forfeit any incentive bonus that would have been payable to him for the first and second quarters of fiscal 2021 under the Company’s executive incentive plan for the fiscal year ending March 31, 2021. Company is covering his required contributions to his employment benefits and related payroll taxes, if any
Synchronoss Technologies, Inc. $313 Public Software and Services Executives: Reduced CEO Base Salary The Company’s President and Chief Executive Officer, voluntarily agreed to a 20% temporary reduction in his base salary; Each of the reductions will be effective May 15, 2020
Synchronoss Technologies, Inc. $313 Public Software and Services Executives: Reduced Other Executive Base Salary Each of the CEO’s direct reports voluntarily agreed to a 15% temporary reduction in their base salaries; Each of the reductions will be effective May 15, 2020
Varonis Systems, Inc. $293 Public Software and Services Executives: Reduced CEO Base Salary Additional actions taken in early April included reducing employee salaries across the organization, with senior management and our highest compensated employees seeing the largest reductions, and reducing the cash retainers for all members of our Board of Directors
Varonis Systems, Inc. $293 Public Software and Services Executives: Reduced Other Executive Base Salary Additional actions taken in early April included reducing employee salaries across the organization, with senior management and our highest compensated employees seeing the largest reductions, and reducing the cash retainers for all members of our Board of Directors
Varonis Systems, Inc. $293 Public Software and Services Board of Directors: Reduced Pay Additional actions taken in early April included reducing the cash retainers for all members of our Board of Directors
Varonis Systems, Inc. $293 Public Software and Services Non-Executives: Reduced Pay Additional actions taken in early April included reducing employee salaries across the organization, with senior management and our highest compensated employees seeing the largest reductions, and reducing the cash retainers for all members of our Board of Directors
Benefitfocus, Inc. $279 Public Software and Services Executives: Reduced CEO Base Salary Reduced CEO salary by 100%
Benefitfocus, Inc. $279 Public Software and Services Executives: Reduced Executive Chairman Pay Reduced Executive Chairman salary by 100%
Benefitfocus, Inc. $279 Public Software and Services Executives: Reduced Other Executive Base Salary Reduced NEO salaries by 20%
Benefitfocus, Inc. $279 Public Software and Services Board of Directors: Reduced Pay Reduced value of equity granted to directors by 25%
Benefitfocus, Inc. $279 Public Software and Services Non-Executives: Suspended Raises and/or Bonuses Suspended merit increases and promotions
Benefitfocus, Inc. $279 Public Software and Services Suspended 401(k) Match Suspended 401(k) company match
Benefitfocus, Inc. $279 Public Software and Services Reduced Workforce Reduced U.S. workforce by 17% or 250 employees
The Hackett Group, Inc. $235 Public Software and Services Annual Incentive Plan Changes Revised go forward incentive plan – Under the revised program, the Company’s total pro forma diluted net earnings per share for the first, third and fourth quarters of 2020 must meet or exceed the total pro forma diluted earnings per share for the first, third and fourth quarters of 2019 in order for the named executive officers to earn their “Goal” cash and equity performance incentive awards. The Compensation Committee believes that this Goal opportunity would effectively require the achievement of an annual pro forma diluted earnings per share target for fiscal 2020 that is very aggressive given the significant demand volatility and uncertainties. The annual cash and equity incentive compensation earned at the revised Goal target would equal seventy-five (75%) of the Goal opportunity previously approved by the Compensation Committee on February 12, 2020. This is also the maximum that can be earned under the revised program. Under the revised program, the “Superior” cash and equity performance incentive award level has been eliminated
The Hackett Group, Inc. $235 Public Software and Services Long-Term Incentive Plan Changes Revised go forward incentive plan – Under the revised program, the Company’s total pro forma diluted net earnings per share for the first, third and fourth quarters of 2020 must meet or exceed the total pro forma diluted earnings per share for the first, third and fourth quarters of 2019 in order for the named executive officers to earn their “Goal” cash and equity performance incentive awards. The Compensation Committee believes that this Goal opportunity would effectively require the achievement of an annual pro forma diluted earnings per share target for fiscal 2020 that is very aggressive given the significant demand volatility and uncertainties. The annual cash and equity incentive compensation earned at the revised Goal target would equal seventy-five (75%) of the Goal opportunity previously approved by the Compensation Committee on February 12, 2020. This is also the maximum that can be earned under the revised program. Under the revised program, the “Superior” cash and equity performance incentive award level has been eliminated
USA Technologies, Inc. $163 Public Software and Services Executives: Reduced CEO Base Salary Effective May 11, 2020, because of the uncertainty created by the COVID-19 global pandemic, the base salaries of the CFO, Chief Compliance Officer, Chief Accounting Officer, Executive Vice President, Corporate Development, and certain other members of the Company’s senior leadership team have been reduced by 20%. These base salary reductions are expected to remain in effect through and including December 31, 2020
USA Technologies, Inc. $163 Public Software and Services Executives: Reduced Other Executive Base Salary Effective May 11, 2020, because of the uncertainty created by the COVID-19 global pandemic, the base salaries of the CFO, Chief Compliance Officer, Chief Accounting Officer, Executive Vice President, Corporate Development, and certain other members of the Company’s senior leadership team have been reduced by 20%. These base salary reductions are expected to remain in effect through and including December 31, 2020
C3.ai, Inc. $157 Public Software and Services Suspended or Reduced Dividend Payments Suspended Q1 2020 common stock dividend
i3 Verticals, Inc. $150 Public Software and Services Executives: Reduced CEO Base Salary CEO waived 100% of annual salary for 6 months effective April 1
i3 Verticals, Inc. $150 Public Software and Services Furlough of Employees The Company is temporarily furloughing 12% of its employees. The employees on furlough will continue to receive their previously elected employee benefits
RealNetworks, Inc. $68 Public Software and Services Executives: Reduced CEO Incentive Compensation CEO declined to accept 100% of 2019 bonus that would have been payable in 2020
RealNetworks, Inc. $68 Public Software and Services Non-Executives: Suspended Raises and/or Bonuses Real has frozen employee salaries and modified its 2020 executive bonus program
RealNetworks, Inc. $68 Public Software and Services Executives: Suspended Raises and/or Bonuses Real has frozen employee salaries and modified its 2020 executive bonus program
NetSol Technologies, Inc. $56 Public Software and Services Executives: Reduced CEO Base Salary Employees of NETSOL and its subsidiaries have taken an average reduction in salary of nearly 20% company-wide, including the Company’s management team
NetSol Technologies, Inc. $56 Public Software and Services Executives: Reduced Other Executive Base Salary Employees of NETSOL and its subsidiaries have taken an average reduction in salary of nearly 20% company-wide, including the Company’s management team
NetSol Technologies, Inc. $56 Public Software and Services Board of Directors: Reduced Pay Employees of NETSOL and its subsidiaries have taken an average reduction in salary of nearly 20% company-wide, including the Board of Directors
NetSol Technologies, Inc. $56 Public Software and Services Non-Executives: Reduced Pay Employees of NETSOL and its subsidiaries have taken an average reduction in salary of nearly 20% company-wide
SharpSpring, Inc. $28 Public Software and Services Executives: Reduced CEO Base Salary Reduced salaries by 10% across the bulk of the organization and paused company bonuses
SharpSpring, Inc. $28 Public Software and Services Executives: Reduced Other Executive Base Salary Reduced salaries by 10% across the bulk of the organization and paused company bonuses
SharpSpring, Inc. $28 Public Software and Services Board of Directors: Reduced Pay Pausing director cash compensation 100%
SharpSpring, Inc. $28 Public Software and Services Non-Executives: Reduced Pay Reduced salaries by 10% across the bulk of the organization and paused company bonuses
SharpSpring, Inc. $28 Public Software and Services Reduced Workforce Cut down workforce with small reductions in non-revenue roles
Phunware, Inc. $11 Public Software and Services Furlough of Employees On March 27, 2020, the Company committed to cost reduction by furloughing 37 persons, or approximately 42% of its workforce
Smartspace Software plc $7 Public Software and Services Executives: Reduced CEO Base Salary In addition, the Company is temporarily reducing the salaries of executive management by 20%
Smartspace Software plc $7 Public Software and Services Executives: Reduced Other Executive Base Salary In addition, the Company is temporarily reducing the salaries of executive management by 20%
Smartspace Software plc $7 Public Software and Services Board of Directors: Reduced Pay Suspended 100% of compensation
Smartspace Software plc $7 Public Software and Services Non-Executives: Reduced Pay Temporarily reducing salaries of executive management by 20% and associates not furloughed by a lower rate
Smartspace Software plc $7 Public Software and Services Furlough of Employees Furloughing most store associates and a significant number of associates in its supply chain network and corporate offices
Dell Technologies Inc. $92,154 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO has agreed by waiver to effect a temporary reduction in the base salary otherwise payable to him, effective with the start of the Company’s second fiscal quarter on May 2
Flex Ltd. $24,210 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO salary reduced for first half of 2021 by 50%
Flex Ltd. $24,210 Public Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation Bonuses attributable to the first half of 2021 will be reduced 100% to $0 for all NEOs
Flex Ltd. $24,210 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary NEO salaries reduced for first half of 2021 by 30%
Flex Ltd. $24,210 Public Technology Hardware and Equipment Executives: Reduced Other Executive Incentive Bonuses attributable to the first half of 2021 will be reduced 100% for all NEOs
Flex Ltd. $24,210 Public Technology Hardware and Equipment Board of Directors: Reduced Pay Cash compensation payments (annual cash retainer, Board committee chair and member cash compensation, Chairman of the Board cash compensation) reduced 30% for the first two quarters of 2021
Infinera Corporation $1,356 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Approved a temporary reduction of 25% in the base salaries of the Company’s Chief Executive Officer; the reductions to the base salary of the foregoing named executive officers are set to be in effect from May 23, 2020, until the earlier of December 26, 2020, or the date that each such NEO’s base salary is reinstated by the Committee
Infinera Corporation $1,356 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Approved a temporary reduction of 25% in the base salaries of the Company’s Chief Financial Officer and Chief Operating Officer; In addition, the Committee approved a temporary reduction of 20% in the base salary of the Company’s Chief Legal Officer; These reductions to the base salary of the foregoing named executive officers are set to be in effect from May 23, 2020, until the earlier of December 26, 2020, or the date that each such NEO’s base salary is reinstated by the Committee
Infinera Corporation $1,356 Public Technology Hardware and Equipment Board of Directors: Reduced Pay The non-employee members of the Board also elected to reduce their annual retainer fees for service on the Board and its committees by 35%, to be in effect from May 23, 2020 until the earlier of December 26, 2020 or the date such annual retainer fees are reinstated by the Board.
Quadient S.A. $1,267 Public Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation CEO decided to waive his entire 2020 variable annual compensation and the payment of his supplementary pension for the year, which should represent a 60% reduction in his total annual compensation
Quadient S.A. $1,267 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary The Company’s top management team, comprised of approximately 140 executives, is also showing its solidarity by freezing their 2020 salary increases, and will waive a significant part of their 2020 annual variable compensation
Quadient S.A. $1,267 Public Technology Hardware and Equipment Executives: Reduced Other Executive Incentive The Company’s top management team, comprised of approximately 140 executives, is also showing its solidarity by freezing their 2020 salary increases, and will waive a significant part of their 2020 annual variable compensation
Quadient S.A. $1,267 Public Technology Hardware and Equipment Furlough of Employees The Company expects furlough and time-reduction measures to impact approximately 30% of its employees worldwide
Quadient S.A. $1,267 Public Technology Hardware and Equipment Other Top management team can donate all or part of their existing vacation days to other employees who, for personal reasons (e.g. childcare or support for family members affected by COVID-19 in particular), have expressed a need for additional time
Dolby Laboratories, Inc. $1,162 Public Technology Hardware and Equipment Annual Incentive Plan Changes  Revised current, in-process incentive plan – Due to the impact of the COVID-19 pandemic on our business (mostly in the second half of fiscal 2020), the Compensation Committee assessed performance under our fiscal 2020 Executive Bonus Plan over two semi-annual performance periods, based on achievement of a combination of revenue and non-GAAP operating income targets. Funding for the first performance period was based on results for that period, measured against the original goals set by the Compensation Committee prior to the COVID-19 pandemic (pro-rated to reflect a semi-annual period and the seasonality of our business). Funding for the second performance period was based on results for that period, measured against adjusted goals to reflect the impact of the COVID-19 pandemic
Dolby Laboratories, Inc. $1,162 Public Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation  The Compensation Committee determined reduce award 100% to our CEO given his request not to receive a fiscal 2020 bonus in light of the overall effect of the pandemic on the company, its employees and stockholders, notwithstanding what the Compensation Committee believed to be the company’s solid performance under Mr. Yeaman’s leadership during unprecedented and challenging circumstances
Ribbon Communications Inc. $844 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Our President and Chief Executive Officer has agreed to reduce his base salary by 50% effective as of May 15, 2020 and is expected to be in effect for at least 60 days
Ribbon Communications Inc. $844 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Members of each executive leadership team, including our executive officers, have agreed to reduce their base salaries by 20%; Each of these salary reductions will be effective as of May 15, 2020 and is expected to be in effect for at least 60 days
Ribbon Communications Inc. $844 Public Technology Hardware and Equipment Board of Directors: Reduced Pay In addition, each non-employee member of our Board of Directors has agreed to reduce their annual cash retainer by 50% effective as of May 15, 2020 and is expected to be in effect for at least 60 days
Novanta Inc. $603 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Effective May 8, 2020, each of the Officers has agreed to be furloughed without pay for two (2) weeks, consisting of one week in the second quarter of 2020 and one week in the third quarter of 2020
Novanta Inc. $603 Public Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation Effective May 8, 2020, each of the Officers has agreed to waive 100% of his Annual Bonus for 2020
Novanta Inc. $603 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Effective May 8, 2020, each of the Officers has agreed to be furloughed without pay for two (2) weeks, consisting of one week in the second quarter of 2020 and one week in the third quarter of 2020
Novanta Inc. $603 Public Technology Hardware and Equipment Executives: Reduced Other Executive Incentive Effective May 8, 2020, each of the Officers has agreed to waive 100% of his Annual Bonus for 2020
Novanta Inc. $603 Public Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses Effective May 8, 2020, each of the Officers has agreed to waive his previously approved merit salary increase for 2020
Avid Technology, Inc. $372 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary The Company has implemented actions including wage reductions for all staff, through the end of the third quarter, with senior management taking commensurate reductions
Avid Technology, Inc. $372 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary The Company has implemented actions including wage reductions for all staff, through the end of the third quarter, with senior management taking commensurate reductions
Avid Technology, Inc. $372 Public Technology Hardware and Equipment Non-Executives: Reduced Pay The Company has implemented actions including wage reductions for all staff, through the end of the third quarter, with senior management taking commensurate reductions
Avid Technology, Inc. $372 Public Technology Hardware and Equipment Non-Executives: Suspended Raises and/or Bonuses The Company has implemented actions including elimination of merit increase
Avid Technology, Inc. $372 Public Technology Hardware and Equipment Suspended 401(k) Match The Company has implemented actions including elimination of 401K match
Avid Technology, Inc. $372 Public Technology Hardware and Equipment Furlough of Employees The Company has implemented actions including temporary furloughs
Avid Technology, Inc. $372 Public Technology Hardware and Equipment Executives: Suspended Raises and/or Bonuses The Company has implemented actions including elimination of merit increase
PAR Technology Corporation $208 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Early in the second quarter of 2020, we temporarily reduced the salaries of others in our Restaurant/Retail reporting segment and in the Company’s corporate group
PAR Technology Corporation $208 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Early in the second quarter of 2020, we temporarily reduced the salaries of others in our Restaurant/Retail reporting segment and in the Company’s corporate group
PAR Technology Corporation $208 Public Technology Hardware and Equipment Non-Executives: Reduced Pay Early in the second quarter of 2020, we temporarily reduced the salaries of others in our Restaurant/Retail reporting segment and in the Company’s corporate group
PAR Technology Corporation $208 Public Technology Hardware and Equipment Reduced Workforce Early in the second quarter of 2020, we implemented a hiring freeze on non-essential positions and reduced the size of our workforce,
PAR Technology Corporation $208 Public Technology Hardware and Equipment Furlough of Employees Early in the second quarter of 2020, we temporarily furloughed employees
Telrad Networks Ltd $171 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO salary reduced 50% until at least May 4, 2020
Telrad Networks Ltd $171 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Implemented tiered pay cuts for EVPs and SVPs, and for those who will be working full time until at least May 4, 2020
Telrad Networks Ltd $171 Public Technology Hardware and Equipment Board of Directors: Reduced Pay Pay reduced 50% until at least May 4
Telrad Networks Ltd $171 Public Technology Hardware and Equipment Non-Executives: Reduced Pay Implemented tiered pay cuts for those who will be working full time until at least May 4, 2020
Telrad Networks Ltd $171 Public Technology Hardware and Equipment Furlough of Employees Furloughed all U.S. store employees as well as a significant portion of employees in its distribution network and offices until at least May 4, 2020
KVH Industries, Inc. $157 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Reduced compensation of employees throughout the organization
KVH Industries, Inc. $157 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Reduced compensation of employees throughout the organization
KVH Industries, Inc. $157 Public Technology Hardware and Equipment Non-Executives: Reduced Pay Reduced compensation of employees throughout the organization
PCTEL, Inc. $79 Public Technology Hardware and Equipment Suspended Buyback Program Company terminated the share repurchase program
Communications Systems, Inc. $46 Public Technology Hardware and Equipment Long-Term Incentive Plan Changes The Company used a combination of time-vesting RSUs, stock options and cash awards rather than the traditional PSUs used for the three-year plans beginning in 2017 and 2018, which were based primarily on the operating results of the Company’s operating subsidiaries. Each NEO received (i) 50% of the dollar value of his Total Opportunity (“TO”) as an award of RSUs, (ii) 25% of the dollar value of his TO as an award of stock options and (iii) 25% of his or her TO as a Deferred Cash Award. The number of RSUs awarded was determined using the average stock price over the 20-day period beginning April 8 and ending May 6
QES Group Berhad $39 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO voluntary base salary reduction of 20%
QES Group Berhad $39 Public Technology Hardware and Equipment Executives: Reduced CEO Incentive Compensation Expect all-in executive cash compensation to reduce by 30% to 40%, including voluntary salary reductions of 10% to 20%
QES Group Berhad $39 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Expect all-in executive cash compensation to reduce by 30% to 40%, including voluntary salary reductions of 10% to 20%
QES Group Berhad $39 Public Technology Hardware and Equipment Executives: Reduced Other Executive Incentive Expect all-in executive cash compensation to reduce by 30% to 40%, including voluntary salary reductions of 10% to 20%
QES Group Berhad $39 Public Technology Hardware and Equipment Board of Directors: Reduced Pay Reducing cash compensation
QES Group Berhad $39 Public Technology Hardware and Equipment Furlough of Employees Plan to begin a furlough program to minimize cost in balance with activity
TransAct Technologies Incorporated $34 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO salary reduced 10%
TransAct Technologies Incorporated $34 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary NEOs salary reduced 10%
TransAct Technologies Incorporated $34 Public Technology Hardware and Equipment Board of Directors: Reduced Pay Cash retainer fees reduced 10% for so long as the employee wage reduction remains in place
TransAct Technologies Incorporated $34 Public Technology Hardware and Equipment Non-Executives: Reduced Pay 10% wage reduction for salaried, non-commissioned employees
TransAct Technologies Incorporated $34 Public Technology Hardware and Equipment Furlough of Employees Furloughing approximately 10% of workforce
Immersion Corporation $31 Public Technology Hardware and Equipment Annual Incentive Plan Changes Revised current, in-process incentive plan – On June 25, 2020, the Compensation Committee exercised its discretion to cancel the Company’s 2020 Executive Incentive Plan (the “Plan”), effective immediately, in connection with the COVID-19 global pandemic and related events
Immersion Corporation $31 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Approved a 10% reduction in the base salaries of the Company’s executive officers along with other members of the Company’s senior management reporting directly to the Company’s CEO with such reduction effective April 15, 2020
Immersion Corporation $31 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Approved a 10% reduction in the base salaries of the Company’s executive officers along with other members of the Company’s senior management reporting directly to the Company’s CEO with such reduction effective April 15, 2020
Immersion Corporation $31 Public Technology Hardware and Equipment Board of Directors: Reduced Pay Each director’s cash compensation for service on the Board and each of its committees will be reduced by 25%
Immersion Corporation $31 Public Technology Hardware and Equipment Suspended 401(k) Match The Company is also suspending its matching contributions in relation to its 401(k) program
Data I/O Corporation $21 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Executive Officer base salary compensation has been reduced by 20% for six months starting in April
Data I/O Corporation $21 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary Executive Officer base salary compensation has been reduced by 20% for six months starting in April
Data I/O Corporation $21 Public Technology Hardware and Equipment Board of Directors: Reduced Pay Director cash compensation has been reduced by 20% for six months and the remaining 80% deferred for six months starting in April
Coda Octopus Group, Inc. $20 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary CEO voluntarily waived payment of more than 33% of her compensation for the next three months
Coda Octopus Group, Inc. $20 Public Technology Hardware and Equipment Board of Directors: Reduced Pay In addition, all members of the Company’s Board of Director resolved to waive 100% of board fees for 3 months
Ondas Holdings Inc. $2 Public Technology Hardware and Equipment Executives: Reduced CEO Base Salary Salary reduced 90% for 60 days effective March 20
Ondas Holdings Inc. $2 Public Technology Hardware and Equipment Executives: Reduced Other Executive Base Salary President’s salary reduced 90% for 60 days effective March 20
Ondas Holdings Inc. $2 Public Technology Hardware and Equipment Furlough of Employees Furloughed 80% of workforce
BT Group plc $28,517 Public Telecommunication Services Executives: Reduced CEO Base Salary Chief Executive is to donate his salary to charity for at least six months
BT Group plc $28,517 Public Telecommunication Services Non-Executives: One-Time Bonus Each of BT’s 100,000 employees is to be given shares worth £500
BT Group plc $28,517 Public Telecommunication Services Non-Executives: Additional Payments for On-Site Employees Frontline staff will get an annual pay increase of 1.5% from July 1 while managers will not receive an annual pay rise for 2020/21
BT Group plc $28,517 Public Telecommunication Services Other BT has also announced that, whilst ongoing transformation programs will continue, no employee will lose their job in the foreseeable future – at least the next three months
BT Group plc $28,517 Public Telecommunication Services Executives: Suspended Raises and/or Bonuses BT has decided not to make an annual pay increase to its managers in 2020/21
TELUS Corporation $12,040 Public Telecommunication Services Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for the 3 months of April, May and June 2020, and donate it to Canadian healthcare workers on the front lines, battling COVID-19
Liberty Latin America Ltd. $3,642 Public Telecommunication Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – In light of the ongoing COVID19 pandemic, in July 2020, the compensation committee reevaluated and reset the financial and operational targets for earning the annual cash performance awards
Intelsat S.A. $1,947 Public Telecommunication Services Annual Incentive Plan Changes Revised current, in-process incentive plan – For the executive officers, the Compensation Committee eliminated the existing short- and long-term incentive arrangements for 2020 and, effective as of April 30, 2020, entered into new retention and performance-based incentive arrangements. Under the retention bonus arrangement, on or about May 6, 2020, each of our named executive officers will be paid a retention bonus
Intelsat S.A. $1,947 Public Telecommunication Services Long-Term Incentive Plan Changes Revised current, in-process incentive plan – For the executive officers, the Compensation Committee eliminated the existing short- and long-term incentive arrangements for 2020 and, effective as of April 30, 2020, entered into new retention and performance-based incentive arrangements. Under the retention bonus arrangement, on or about May 6, 2020, each of our named executive officers will be paid a retention bonus
Gogo Inc. $805 Public Telecommunication Services Executives: Reduced CEO Base Salary Salary reductions will begin at 30% for the CEO
Gogo Inc. $805 Public Telecommunication Services Executives: Reduced Other Executive Base Salary Salary reductions include 20% for the executive leadership team
Gogo Inc. $805 Public Telecommunication Services Board of Directors: Reduced Pay Board of Directors has agreed to reduce their compensation by 30%
Gogo Inc. $805 Public Telecommunication Services Non-Executives: Reduced Pay Reduce compensation for most other employees as part of a broad-based cost reduction plan; Certain types of employees, such as hourly workers, will not have their compensation reduced
Gogo Inc. $805 Public Telecommunication Services Furlough of Employees Effective May 4, it will furlough approximately 60% of its workforce
Jasmine International Public Company Limited $600 Public Telecommunication Services Executives: Reduced CEO Base Salary Salary reduced 25% through June 30
Jasmine International Public Company Limited $600 Public Telecommunication Services Executives: Reduced Other Executive Base Salary Executive officer salaries reduced 25% through June 30
Jasmine International Public Company Limited $600 Public Telecommunication Services Non-Executives: Reduced Pay Wage reduction plan for salaried employees
Jasmine International Public Company Limited $600 Public Telecommunication Services Furlough of Employees Furloughed certain salaried and hourly employees
International Consolidated Airlines Group, S.A. $14,935 Public Transportation Executives: Reduced CEO Base Salary Chief Executive of BA’s owner IAG, took a 20% pay cut for the remainder of his contract until the end of June
International Consolidated Airlines Group, S.A. $14,935 Public Transportation Executives: Reduced Other Executive Base Salary The chiefs of IAG’s other airlines, which include Aer Lingus and Iberia, will also take a reduction
International Consolidated Airlines Group, S.A. $14,935 Public Transportation Non-Executives: Reduced Pay British Airways pilots are to be hit with a 50 per cent pay cut to their basic salary for April and May, split over three months
International Consolidated Airlines Group, S.A. $14,935 Public Transportation Furlough of Employees British Airways has availed itself of the UK’s COVID-19 Job Retention Scheme and furloughed 22,626 employees in April
International Consolidated Airlines Group, S.A. $14,935 Public Transportation Delay of Annual Meeting The Board has resolved to delay the date of such Annual Shareholders’ Meeting 2020, originally scheduled for June, until the end of September 2020
International Consolidated Airlines Group, S.A. $14,935 Public Transportation Suspended or Reduced Dividend Payments Resolved to withdraw the proposal to the next Annual Shareholders’ Meeting to pay a final dividend of 0.17 euros per share
Air France-KLM SA $13,563 Public Transportation Executives: Reduced CEO Base Salary CEO will forgo 100% of salary
Air France-KLM SA $13,563 Public Transportation Executives: Reduced CEO Incentive Compensation CEO will forgo 100% of annual bonus. Criteria for Smith’s variable pay had been altered to exclude debt reduction, while introducing new conditions including cash conservation and the “obtaining of support and financing”
Uber Technologies, Inc. $11,139 Public Transportation Executives: Reduced CEO Base Salary Chief Executive will waive 100% of base salary through year-end
Uber Technologies, Inc. $11,139 Public Transportation Reduced Workforce Uber is cutting 3,700 full-time workers, about 14% of its workforce
Uber Technologies, Inc. $11,139 Public Transportation Expanded Benefits Programs 14 days of sick pay for drivers or delivery workers (technically considered independent contractors who have not previously qualified for paid leave or benefits)
Qantas Airways Limited $9,843 Public Transportation Reduced Workforce Temporarily laid off 20,000 employees (two thirds of workforce) but furloughed them to partner-company Woolworth’s grocery
Ryanair Holdings plc $9,335 Public Transportation Executives: Reduced CEO Base Salary Ryanair’s chief executive has said he and the rest of the airline’s employees will take a 50% pay cut for the months of April and May
Ryanair Holdings plc $9,335 Public Transportation Executives: Reduced Other Executive Base Salary Ryanair’s chief executive has said he and the rest of the airline’s employees will take a 50% pay cut for the months of April and May
Ryanair Holdings plc $9,335 Public Transportation Non-Executives: Reduced Pay Ryanair’s chief executive has said he and the rest of the airline’s employees will take a 50% pay cut for the months of April and May
Hertz Global Holdings, Inc. $6,348 Public Transportation Executives: Reduced CEO Base Salary CEO initially volunteered to forgo 100% of salary on March 26. The company will restore 90 percent of Hertz CEO’s salary moving forward effective May 4
Hertz Global Holdings, Inc. $6,348 Public Transportation Executives: Reduced Other Executive Base Salary Initially announced on March 26 that senior leaders are taking a significant reduction in pay. Effective May 11, 2020, the base salaries of senior leaders will be restored to pre-voluntary reduction levels
Hertz Global Holdings, Inc. $6,348 Public Transportation Reduced Workforce Plans to lay off 10,000 employees across its North America operations to cut costs, effective April 21
Hertz Global Holdings, Inc. $6,348 Public Transportation Furlough of Employees Furlough program across its North American field operations and U.S. corporate locations
InterGlobe Aviation Limited $4,748 Public Transportation Executives: Reduced CEO Base Salary CEO salary reduced 25%
Air Canada $4,578 Public Transportation Furlough of Employees Air Canada is set to lay off more than 5,100 members of its cabin crews because of a dramatic drop in flights related to the COVID-19 outbreak; The company hopes the layoffs will only be temporary
easyJet plc $3,891 Public Transportation Non-Executives: Guaranteed Pay Continuity Will pay all of its employees, who are unable to work from home, 80% of their average pay through the Government’s job retention scheme
Lyft, Inc. $2,365 Public Transportation Executives: Reduced CEO Base Salary Co-founders to donate 100% of salaries to support drivers
Lyft, Inc. $2,365 Public Transportation Executives: Reduced Other Executive Base Salary Implemented reductions in base salary for exempt employees for a twelve week period beginning in May 2020, consisting of a 30% reduction for executive leadership
Lyft, Inc. $2,365 Public Transportation Board of Directors: Reduced Pay Members of the Company’s board of directors have voluntarily agreed to forego 30% of their cash compensation for the second quarter of 2020
Lyft, Inc. $2,365 Public Transportation Non-Executives: Reduced Pay Implemented reductions in base salary for exempt employees for a twelve week period beginning in May 2020, consisting of a 10% for all other exempt employees
Lyft, Inc. $2,365 Public Transportation Reduced Workforce The plan of termination involves the termination of approximately 982 employees, representing 17% of the Company’s employees
Lyft, Inc. $2,365 Public Transportation Furlough of Employees The Company has furloughed approximately 288 employees
Norwegian Air Shuttle ASA $1,855 Public Transportation Furlough of Employees Temporarily lay off 7,300 employees as a result of the growing coronavirus crisis, making up about 90% of its workforce
Spirit Airlines, Inc. $1,810 Public Transportation Executives: Reduced CEO Base Salary CEO salary reduced 30%
Spirit Airlines, Inc. $1,810 Public Transportation Executives: Reduced Other Executive Base Salary All Senior and Executive Vice Presidents and members of the Board of Directors have reduced their compensation as well
Spirit Airlines, Inc. $1,810 Public Transportation Board of Directors: Reduced Pay All members of the Board of Directors have reduced their compensation as well
Corporación América Airports S.A. $905 Public Transportation Non-Executives: Reduced Pay Salary reductions
Corporación América Airports S.A. $905 Public Transportation Non-Executives: Suspended Raises and/or Bonuses Suspension of salary increases
Corporación América Airports S.A. $905 Public Transportation Furlough of Employees Placing operating employees on furlough in certain geographies
Corporación América Airports S.A. $905 Public Transportation Other Mandatory use of pending vacations and/or advancing vacations to employees when possible
Corporación América Airports S.A. $905 Public Transportation Suspended or Reduced Dividend Payments Suspended dividends to third parties in the concessions in Italy and Ecuador for an amount of 17 million dollars
Radiant Logistics, Inc. $855 Public Transportation Executives: Reduced CEO Base Salary As part of this initiative, the CEO initiated a 50% reduction in my base salary
Radiant Logistics, Inc. $855 Public Transportation Executives: Reduced CEO Incentive Compensation In addition, all executives agreed to forgo 100% of bonuses under the Company’s discretionary quarterly cash bonus plan
Radiant Logistics, Inc. $855 Public Transportation Executives: Reduced Other Executive Base Salary As part of this initiative, the balance of our U.S.-based leadership team agreed to reduce their base salaries by 20%
Radiant Logistics, Inc. $855 Public Transportation Executives: Reduced Other Executive Incentive In addition, all executives agreed to forgo 100% of bonuses under the Company’s discretionary quarterly cash bonus plan
Radiant Logistics, Inc. $855 Public Transportation Board of Directors: Reduced Pay In support of these initiatives, our Board of Directors has agreed to a 50% reduction in their Board cash compensation
Radiant Logistics, Inc. $855 Public Transportation Non-Executives: Reduced Pay Actions included 20% salary reductions
Radiant Logistics, Inc. $855 Public Transportation Reduced Workforce Actions included terminations
Radiant Logistics, Inc. $855 Public Transportation Furlough of Employees Actions included reduction in hours and furloughs
Macquarie Infrastructure Corporation $847 Public Transportation Suspended or Reduced Dividend Payments Suspended its quarterly dividend
Covenant Logistics Group, Inc. $839 Public Transportation Annual Incentive Plan Changes The Compensation Committee set new annual bonus targets, expressed as a percentage of year-end annualized base salary, for each of our named executive officers provided that the 2020 Bonus Program would be calculated based on 50% of such targets given the continuing effects of COVID-19
Covenant Logistics Group, Inc. $839 Public Transportation Executives: Reduced CEO Base Salary Temporary reduction of 10% in the salaries of the Company’s executive officers, including its NEOs, effective immediately and until such later time as reinstated by the Compensation Committee. Reductions will not reduce a terminated NEO’s potential severance related award
Covenant Logistics Group, Inc. $839 Public Transportation Executives: Reduced Other Executive Base Salary Temporary reduction of 10% in the salaries of the Company’s executive officers, including its NEOs, effective immediately and until such later time as reinstated by the Compensation Committee. Reductions will not reduce a terminated NEO’s potential severance related award
Covenant Logistics Group, Inc. $839 Public Transportation Board of Directors: Reduced Pay 15% reduction in each of the quarterly cash retainer, quarterly committee chairperson fees, and quarterly committee member fees that the Company pays to its Board of Directors effective April 1
Covenant Logistics Group, Inc. $839 Public Transportation Suspended Buyback Program Temporarily suspended its stock repurchase program
Mesa Air Group, Inc. $545 Public Transportation Executives: Reduced CEO Base Salary Compensation reductions for Executive level employees
Mesa Air Group, Inc. $545 Public Transportation Executives: Reduced Other Executive Base Salary Compensation reductions for Executive level employees
Mesa Air Group, Inc. $545 Public Transportation Furlough of Employees Offering voluntary short-term unpaid leaves to all employees
Pangaea Logistics Solutions, Ltd. $401 Public Transportation Suspended or Reduced Dividend Payments Company has cancelled its first quarter 2020 dividend payment
Centrica plc $26,993 Public Utilities Executives: Reduced CEO Base Salary Following the decision not to pay any Board level bonuses relating to 2019, bonus payments to all other management have been paused
Centrica plc $26,993 Public Utilities Executives: Reduced Other Executive Incentive Following the decision not to pay any Board level bonuses relating to 2019, 100% bonus payments to all other management have been paused
Centrica plc $26,993 Public Utilities Suspended or Reduced Dividend Payments We have taken the prudent decision to cancel the proposed 2019 final dividend payment
1ST Summit Bank Private Banks Non-Executives: Guaranteed Pay Continuity Employees working from home will be paid regularly without being docked sick days
Columbus Bank and Trust Company Private Banks Non-Executives: Guaranteed Pay Continuity Paying full salary without using PTO to all staff who are out due to virus
Farmers Bank & Trust Company (Blytheville, AR) Private Banks Non-Executives: Guaranteed Pay Continuity All employees will continue to receive regular pay and adjustments are being made for high risk employees or employees with child care needs
FirstBank Private Banks Non-Executives: Additional Payments for On-Site Employees Pay an additional $2 per hour for all non-exempt employees physically working on site
FirstBank Private Banks Expanded Benefits Programs Special enrollment opportunity for employees and their dependents in health care plan. All employees are eligible for all customer financial relief options. Waived fees for telemedicine visits
Millbury National Bank Private Banks Non-Executives: One-Time Bonus One-time bonus of $300 to all employees
Montecito Bank & Trust Private Banks Non-Executives: One-Time Bonus Activated Relief Pay program, and spot bonus rewards as employees voluntarily worked OT and weekends to process PPP loans
Monzo Bank Limited Private Banks Executives: Reduced CEO Base Salary CEO will forgo 100% of salary for 12 months
Monzo Bank Limited Private Banks Executives: Reduced Other Executive Base Salary Senior management team reduced pay by 25%, as have other leaders within the company
Monzo Bank Limited Private Banks Board of Directors: Reduced Pay Salary reduced 25% for twelve months
Monzo Bank Limited Private Banks Furlough of Employees Employees are being offered voluntary furlough for two months – up to 175 furlough applications in customer support and up to 120 applications from other parts of the business
MUFG Union Bank, National Association Private Banks Non-Executives: Additional Payments for On-Site Employees Branch staff will receive supplemental crisis relief pay of up to $1,000 to assist with unplanned financial burdens associated with COVID-19 for March and April
MUFG Union Bank, National Association Private Banks Expanded Benefits Programs Expanded benefits for colleagues across the Americas in need of additional support through a temporary crisis-relief time-off benefit, continuing pay should an eligible colleague become ill or have to attend to family needs
Popular Bank, Ltd. Inc. Private Banks Non-Executives: One-Time Bonus Qualifying employees who have had to leave their homes to work directly with clients in branches or in call centers will receive a special monetary bonus
Raymond James Bank, N.A. Private Banks Non-Executives: Guaranteed Pay Continuity Employees will continue to be paid their full salaries regardless of their ability to work
U.S. Bank, Inc. Private Banks Non-Executives: Additional Payments for On-Site Employees Effective March 23, more than 30,000 critical employees at branches, operations and contact centers, field operations offices and critical service locations front-line employees will receive a 20% wage premium during a four-week program. Will continue to assess the environment to determine if the program will be extended beyond the initial four-week period
U.S. Bank, Inc. Private Banks Expanded Benefits Programs Providing additional paid time off for employees affected by COVID-19
UBS Bank USA Private Banks Expanded Benefits Programs Activated a special matching gift program to enable employees to have their contributions to select organizations matched up to $1,000 per employee, above and beyond the normal annual threshold
Briggs & Stratton Corporation Private Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced 40% effective April 1; restored July 1
Briggs & Stratton Corporation Private Capital Goods Executives: Reduced Other Executive Base Salary Effective April 1, CFO and three SVPs’ base salaries decreased by 35%; restored July 1
Briggs & Stratton Corporation Private Capital Goods Board of Directors: Reduced Pay Cash retainer fees reduced 100% for Q2 2020
Briggs & Stratton Corporation Private Capital Goods Non-Executives: Reduced Pay Wage reduction plan for salaried employees
Foundation Building Materials, Inc. Private Capital Goods Executives: Reduced CEO Base Salary CEO salary reduced by 50% until further notice
Foundation Building Materials, Inc. Private Capital Goods Executives: Reduced Other Executive Base Salary Senior management team’s salaries are also reduced by undisclosed amounts
Foundation Building Materials, Inc. Private Capital Goods Board of Directors: Reduced Pay Independent directors are taking a 50% reduction in their cash retainer
Foundation Building Materials, Inc. Private Capital Goods Non-Executives: Suspended Raises and/or Bonuses Deferring wage increases
Foundation Building Materials, Inc. Private Capital Goods Furlough of Employees Furloughing workers in accordance with branch closures
Foundation Building Materials, Inc. Private Capital Goods Executives: Suspended Raises and/or Bonuses Deferring wage increases
HD Supply Holdings, Inc. Private Capital Goods Annual Incentive Plan Changes Revised go forward incentive plan – To keep our associates focused on business growth and profitability, the 2020 AIP will be based on EBITDA performance for the last six months of fiscal 2020; Any earned payouts will be payable in March 2021, calculated without taking into consideration the temporary salary reductions that were implemented as part of the Company’s response to the COVID-19 pandemic
HD Supply Holdings, Inc. Private Capital Goods Executives: Reduced CEO Base Salary Salary reduced 100% for 2020
Simpliphi Power, Inc. Private Capital Goods Expanded Benefits Programs Added unlimited paid sick leave for those diagnosed with coronavirus
Aptive Environmental, LLC Private Commercial and Professional Services Non-Executives: One-Time Bonus Hourly personnel will receive an appreciation bonus, in the form of a gift card, in the face of the COVID-19 pandemic. The bonus distributed April 7-10 to more than 1,100 frontline employees
Cadwalader, Wickersham & Taft LLP Private Commercial and Professional Services Executives: Reduced CEO Base Salary The law firm is delaying 100% of partner compensation distributions
Cadwalader, Wickersham & Taft LLP Private Commercial and Professional Services Executives: Reduced Other Executive Base Salary The law firm is delaying 100% of partner compensation distributions
Cadwalader, Wickersham & Taft LLP Private Commercial and Professional Services Non-Executives: Reduced Pay 25% pay reduction for legal staff and senior staff earning more than $100,000 a year. Non-senior administrative staff will see a 10% reduction in pay
Glassdoor, Inc. Private Commercial and Professional Services Executives: Reduced CEO Base Salary CEO salary reduced 50% in May for remainder of 2020
Glassdoor, Inc. Private Commercial and Professional Services Executives: Reduced Other Executive Base Salary Members of executive team reduced their salaries
Glassdoor, Inc. Private Commercial and Professional Services Reduced Workforce Laid off 30% of staff. Laid off employees will receive a minimum of three months pay, have healthcare costs covered through the end of the year and receive accelerated vesting of stock options through severance periods
InnerWorkings, Inc. Private Commercial and Professional Services Executives: Reduced CEO Base Salary Reduced CEO salary by 15%
InnerWorkings, Inc. Private Commercial and Professional Services Executives: Reduced Other Executive Base Salary Reduced CFO salary by 15% and cancelled salary increases for other NEOs
PricewaterhouseCoopers LLP Private Commercial and Professional Services Expanded Benefits Programs Offering $2,200 in additional emergency backup child care
Securitas Security Services USA, Inc. Private Commercial and Professional Services Non-Executives: One-Time Bonus Incentivizing employees who already hold a California Security Officer license with a $500 signing bonus that is paid out over time
Securitas Security Services USA, Inc. Private Commercial and Professional Services Expanded Workforce The security firm is adding nearly 1,000 new jobs across California in key areas
Wastewater Transport Services, LLC Private Commercial and Professional Services Non-Executives: One-Time Bonus Smithfield Foods, Inc. announced today that it will provide a $100 million Responsibility Bonus to all its hourly production and distribution center team members
Wastewater Transport Services, LLC Private Commercial and Professional Services Non-Executives: Additional Payments for On-Site Employees All members of the senior leadership team have donated a substantial portion of their personal vacation time to front-line employees; This will fund an approximate $1 per hour equivalent bonus for each front-line employee
Womble Bond Dickinson Private Commercial and Professional Services Non-Executives: Reduced Pay Staff and attorneys will see their pay cut by up to 10%, though those with lower levels of compensation will see smaller reductions
Womble Bond Dickinson Private Commercial and Professional Services Reduced Workforce Laid off some employees
Allbirds, Inc. Private Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Guaranteed full pay and benefits throughout March 15 to March 27 store closure period. Subsequently guaranteed all retail staff 100% of their wages and benefits until July 31, 2020
Merrell Private Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Employees will continue to be paid despite store closures
New Balance Athletics, Inc. Private Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity All associates in North America will receive their regular pay and benefits during March 16 to March 27 store closure period
New Balance Athletics, Inc. Private Consumer Durables and Apparel Furlough of Employees Implemented furloughs
Outdoor Voices, Inc. Private Consumer Durables and Apparel Reduced Workforce All employees will be compensated for their scheduled shifts during the March 16 to March 27 two week closure
Pandora Jewelry, LLC Private Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Retailer will continue normally scheduled base pay for at least eight weeks from when staff are sent home from stores
Patagonia International, Inc. Private Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Continue to pay workers their regular pay during store closure. Company will reevaluate on March 27. As of April 1st, stores are still closed, and for now, their employees are continuing to be paid
Rothy’s, Inc. Private Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Retail store employees will be paid through March 31
Sperry Top-Sider, Inc. Private Consumer Durables and Apparel Non-Executives: Guaranteed Pay Continuity Associates will continue to be paid during March 18th to March 27th closures
ZAGG Inc Private Consumer Durables and Apparel Executives: Reduced CEO Base Salary Until further notice, but to be reevaluated quarterly, the annual base salary of CEO salary reduced 15%
ZAGG Inc Private Consumer Durables and Apparel Executives: Reduced Other Executive Base Salary Until further notice, but to be reevaluated quarterly, salaries of the executive officers of the Company will be reduced by 10%
ZAGG Inc Private Consumer Durables and Apparel Board of Directors: Reduced Pay Until further notice, but to be reevaluated quarterly, 15% reduction in the cash retainers payable to non-employee directors for service on the Board for the remainder of 2020. The Board has also approved that the remaining (reduced) cash retainers will be paid in shares of the Company’s common stock, rather than cash, to more closely align the directors’ interests with the Company’s stockholders
ZAGG Inc Private Consumer Durables and Apparel Non-Executives: Reduced Pay Reducing salaries of senior management by 5%
ZAGG Inc Private Consumer Durables and Apparel Reduced Workforce Implementing temporary furloughs or layoffs of approximately 20% of its U.S. employees, reducing its staff in Europe and the Asia Pacific region by approximately 20%
ZAGG Inc Private Consumer Durables and Apparel Furlough of Employees Implementing temporary furloughs or layoffs of approximately 20% of its U.S. employees
ZAGG Inc Private Consumer Durables and Apparel Suspended Buyback Program Cancelled or delayed purchase orders to align with adjusted demand forecast
Bird Rides, Inc. Private Consumer Services Reduced Workforce Bird shocked hundreds of employees in a minutes-long Zoom call informing 30% of its workforce that their jobs had been cut
Dunkin’ Brands Group, Inc. Private Consumer Services Executives: Reduced CEO Base Salary Reduced CEO salary by 30% through August 2020
Dunkin’ Brands Group, Inc. Private Consumer Services Executives: Reduced Other Executive Base Salary Reduced senior management team’s salaries by 20%
Dunkin’ Brands Group, Inc. Private Consumer Services Board of Directors: Reduced Pay Reduced cash fees for directors by 50%
Dunkin’ Brands Group, Inc. Private Consumer Services Suspended Buyback Program Suspended share repurchase activity in March 2020
Dunkin’ Brands Group, Inc. Private Consumer Services Suspended or Reduced Dividend Payments Announced April 30 that it suspended the regular dividend program
KFC Corporation Private Consumer Services Non-Executives: Guaranteed Pay Continuity Pay employees diagnosed with or exposed to the coronavirus, or who show symptoms for up to two weeks of scheduled shifts at corporate-owned restaurants
Landry’s, Inc. Private Consumer Services Furlough of Employees Landry’s furloughed around 70% of its workforce, or about 40,000 people across all brands
Lettuce Entertain You Enterprises, Inc. Private Consumer Services Executives: Reduced CEO Base Salary Select executives agreed to waive 100% salaries and profit distributions
Lettuce Entertain You Enterprises, Inc. Private Consumer Services Executives: Reduced Other Executive Base Salary Select executives agreed to waive 100% salaries and profit distributions. Partners paid 50% of salary and no more profit distributions
Lettuce Entertain You Enterprises, Inc. Private Consumer Services Non-Executives: Reduced Pay Managers and salaried employees 60% pay cut
Lettuce Entertain You Enterprises, Inc. Private Consumer Services Non-Executives: One-Time Bonus One-time payment of $400 for full-time hourly employees with a year or more of service + furlough
Lettuce Entertain You Enterprises, Inc. Private Consumer Services Furlough of Employees Furloughed part-time hourly employees, full-time hourly employees with less than a year, managers and salaried EEs in restaurants and at corporate with less than a year of service. Medical coverage through April 30
Pizza Hut, LLC Private Consumer Services Non-Executives: Guaranteed Pay Continuity Committed to pay employees at company-owned restaurants who are required to self-quarantine, or who work at a restaurant that is closed due to COVID-19 related issues, for their scheduled or regularly scheduled hours
Pizza Hut, LLC Private Consumer Services Expanded Workforce Hiring for more than 30,000 permanent positions
Refresh Club, Inc. Private Consumer Services Executives: Reduced CEO Base Salary The founders said that they have decided to forgo 100% of salaries
Refresh Club, Inc. Private Consumer Services Reduced Workforce Will lay off nearly all of its hourly employees and half of its corporate staff
Sonic Corp. Private Consumer Services Expanded Benefits Programs Expanded sick leave and pay policy for team members in company-owned drive-ins impacted by COVID-19
Sotheby’s Private Consumer Services Executives: Reduced CEO Base Salary Executives including the CEO taking an additional 10% cut in pay, on top of the
Sotheby’s Private Consumer Services Executives: Reduced Other Executive Base Salary Executives including the CEO taking an additional 10% cut in pay, on top of the
Sotheby’s Private Consumer Services Non-Executives: Reduced Pay Company employees in the U.S. and the U.K. who aren’t furloughed or laid off will get a 20% pay cut through June 1
Sotheby’s Private Consumer Services Furlough of Employees Furloughing around 200 people, or nearly 12% of its staff
Taco Bell Corp. Private Consumer Services Non-Executives: Guaranteed Pay Continuity Amended sick policy at company-owned U.S. restaurants to pay employees who are required to stay at home, or who work at a restaurant that is closed, for their scheduled or regularly scheduled hours during their time away from work
Union Square Hospitality Group, LLC Private Consumer Services Executives: Reduced CEO Base Salary Created a relief fund to help employees, with CEO Danny Meyer seeding it with 100% of compensation
Union Square Hospitality Group, LLC Private Consumer Services Executives: Reduced Other Executive Base Salary Our executive team is taking a meaningful pay cut
Union Square Hospitality Group, LLC Private Consumer Services Reduced Workforce Union Square Hospitality Group laid off 2,000 employees “due to a near-complete elimination of revenue,”
Cantor Fitzgerald & Co. Private Diversified Financials Reduced Workforce Hundreds of layoffs will span various divisions. Layoffs represent less than 5% of the overall workforce
On Deck Capital, Inc. Private Diversified Financials Executives: Reduced CEO Base Salary Our Chief Executive Officer took a 30% salary reduction
On Deck Capital, Inc. Private Diversified Financials Executives: Reduced Other Executive Base Salary Broad-based employee actions taken including a 15% salary reduction for those remaining full-time
On Deck Capital, Inc. Private Diversified Financials Board of Directors: Reduced Pay Our Board of Directors reduced its compensation by 30%
On Deck Capital, Inc. Private Diversified Financials Non-Executives: Reduced Pay Broad-based employee actions taken including a 15% salary reduction for those remaining full-time
On Deck Capital, Inc. Private Diversified Financials Furlough of Employees Broad-based employee actions taken including a temporary hiring freeze and the placement of approximately 30% of our employees on part-time or furlough status
Covia Holdings LLC Private Energy Annual Incentive Plan Changes Maximum payout of 2020 plan capped at target levels; implemented quarterly payouts
Covia Holdings LLC Private Energy Long-Term Incentive Plan Changes Maximum payout capped at target levels; implemented quarterly payouts
Covia Holdings LLC Private Energy Reduced Workforce Cut at least 7% of its workforce of about 2,662 employees in the crisis
Lilis Energy, Inc. Private Energy Executives: Reduced CEO Base Salary The Company has implemented salary reductions, a reduction in board size and compensation, furloughs and layoffs to achieve these reductions
Lilis Energy, Inc. Private Energy Executives: Reduced Other Executive Base Salary The Company has implemented salary reductions, a reduction in board size and compensation, furloughs and layoffs to achieve these reductions
Lilis Energy, Inc. Private Energy Board of Directors: Reduced Pay The Company has implemented salary reductions, a reduction in board size and compensation, furloughs and layoffs to achieve these reductions
Lilis Energy, Inc. Private Energy Non-Executives: Reduced Pay The Company has implemented salary reductions, a reduction in board size and compensation, furloughs and layoffs to achieve these reductions
Lilis Energy, Inc. Private Energy Reduced Workforce Reduced headcount by 44%. The company implemented furloughs and layoffs
Lilis Energy, Inc. Private Energy Furlough of Employees Reduced headcount by 44%. The company implemented furloughs and layoffs
Pacific Drilling S.A. Private Energy Executives: Reduced CEO Base Salary Implemented a Company-wide reduction in base salaries effective immediately, which will reduce the base salaries CEO and the Company’s other executive officers by 10%
Pacific Drilling S.A. Private Energy Executives: Reduced Other Executive Base Salary Implemented a Company-wide reduction in base salaries effective immediately, which will reduce the base salaries CEO and the Company’s other executive officers by 10%
Pacific Drilling S.A. Private Energy Board of Directors: Reduced Pay 10% reduction in the Class A director retainer fees
Pioneer Energy Services Corp. Private Energy Executives: Reduced CEO Base Salary Effective April 28, 2020, the base salary of the Company’s CEO was reduced by 28%
Pioneer Energy Services Corp. Private Energy Executives: Reduced Other Executive Base Salary Effective April 28, 2020, the base salaries of the Company’s other executive officers will be reduced by 20%
Pioneer Energy Services Corp. Private Energy Non-Executives: Reduced Pay The Company’s employees that are exempt and paid a salary will be paid at a rate of 85% of their base salaries to reflect the reduced work schedule, and the Company’s employees that are non-exempt and paid on an hourly basis will be paid for their actual hours worked
REI, Inc. Private Energy Executives: Reduced CEO Base Salary Salary reduced 100% for 6 months
REI, Inc. Private Energy Executives: Reduced CEO Incentive Compensation Forfeited 100% of incentive eligibility for 2020
REI, Inc. Private Energy Executives: Reduced Other Executive Base Salary Senior leadership team salary reduced 20% for 6 months
REI, Inc. Private Energy Executives: Reduced Other Executive Incentive Senior leadership team salary forfeited 100% of incentive eligibility for 2020
REI, Inc. Private Energy Board of Directors: Reduced Pay Fees forfeited 100% for 6 months
REI, Inc. Private Energy Non-Executives: Guaranteed Pay Continuity Continue to pay workers their regular pay while closed
REI, Inc. Private Energy Reduced Workforce Impacted full-time employees will receive severance along with outplacement services and support
REI, Inc. Private Energy Furlough of Employees 90-day furlough of the majority of retail and field employees, beginning on April 15. Health and welfare benefits will continue as normal and REI will cover 100% of eligible employee health and welfare premium costs
Superior Energy Services, Inc. Private Energy Executives: Reduced CEO Base Salary Salary reduced by 20%
Superior Energy Services, Inc. Private Energy Executives: Reduced Other Executive Base Salary Executive officers salaries reduced 15%
7-Eleven, Inc. Private Food and Staples Retailing Expanded Workforce Plans to hire up to 20,000 store associates
ALDI Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Temporary 10% wage increases for those who work in stores and warehouses
ALDI Inc. Private Food and Staples Retailing Expanded Workforce Hired nearly 7,500 employees
ALDI Inc. Private Food and Staples Retailing Expanded Benefits Programs Adjusted sick leave policy
ASDA Group Limited Private Food and Staples Retailing Expanded Workforce Will recruit more than 5,000 temporary staff from among people whose jobs have been impacted by the virus
ASDA Group Limited Private Food and Staples Retailing Expanded Benefits Programs Offering 12 weeks fully paid leave to those over the age of 70, or who are pregnant and classed as vulnerable
Brookshire Grocery Company Private Food and Staples Retailing Non-Executives: One-Time Bonus The Company is giving our employees a discretionary bonus that is equivalent to up to one half week’s pay for all employees who have worked within the last month
Brookshire Grocery Company Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Temporary pay increase of $1 per hour effective March 24 – May 1, 2020
Brookshire Grocery Company Private Food and Staples Retailing Expanded Workforce Hired over 1,700 new employees
Giant Food Stores, LLC Private Food and Staples Retailing Non-Executives: One-Time Bonus After ending the additional payments for onsite employees, the Company provided a one-time appreciation bonus of $200 for part-time associates and $400 for full-time associates, to be paid on July 1, 2020
Giant Food Stores, LLC Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees From mid-March until May 30, 2020, the Company gave store employees a 10% increase in weekly pay in recognition of their work on the frontlines of the coronavirus pandemic
Giant Food, LLC Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Giant will provide a 10% temporary pay increase, including overtime and Sunday pay. The increase is effective March 22 through May 2
Kwik Trip, Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees $2 an hour for hourly retail co-workers for each hour worked between March 13 and April 23, and $2 an hour for support center workers for their hours between March 15 and April 25; Store leaders will receive an extra $100 a week for time worked from March 13 to April 23. Drivers will receive an extra $100 a week from March 15 through April 25
Ralphs Grocery Company, Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees A $2 premium above their standard base rate of pay, applied to hours worked March 29 through April 18
Safeway Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Temporarily providing an additional $2 per hour premium for all hours worked, effective March 15 through April 18. The company will review and possibly extend the premium for future weeks
Shoppers Food Warehouse Corp. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Shoppers is temporarily providing an additional $2 per hour for all hours worked, effective Sunday, March 15 through May 2. Overtime rates are also doubled the new hourly rate
Stater Bros. Holdings Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Boosting its workers’ pay $2 hourly effective March 27th for four weeks
The Stop & Shop Companies, Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees 10% raise and additional sick leave for grocery workers during the coronavirus pandemic
The Stop & Shop Companies, Inc. Private Food and Staples Retailing Expanded Benefits Programs Additional sick leave for grocery workers during the coronavirus pandemic
Trader Joe’s Company Private Food and Staples Retailing Non-Executives: One-Time Bonus Created bonus pool per store and is distributed based on hours worked
Trader Joe’s Company Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees $2 per hour additional “thank you” wage is being applied for every hour worked
Trader Joe’s Company Private Food and Staples Retailing Expanded Benefits Programs Changed sick leave policy temporarily to allow sick workers to get reimbursed for time off. Offered additional ways to qualify for and maintain health insurance
Wawa, Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Provide additional pay
Wawa, Inc. Private Food and Staples Retailing Expanded Benefits Programs Updated paid time off policies to be more flexible and supportive
Wegmans Food Markets, Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Increasing pay by $2 an hour during the months of March and April
Wegmans Food Markets, Inc. Private Food and Staples Retailing Expanded Benefits Programs Fully paid leave that starts on day one and eliminates the need for medical documentation from the healthcare provider
Whole Foods Market, Inc. Private Food and Staples Retailing Non-Executives: Additional Payments for On-Site Employees Additional $2 an hour for all employees through April and double-time for all overtime through May 3
Whole Foods Market, Inc. Private Food and Staples Retailing Expanded Benefits Programs All team members placed into quarantine or diagnosed with COVID-19 will receive up to an additional two weeks of paid time off
Cargill, Incorporated Private Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Employees who work every hour of their scheduled shift each week, will receive an additional $2 per hour for the hours worked from March 23 to May 5. Employees at manufacturing plants will receive a bonus of $500 paid to those who complete weekly shifts over a period of eight consecutive weeks
Cargill, Incorporated Private Food, Beverage and Tobacco Expanded Benefits Programs Increased ability to take time off for any coronavirus-related absences
Dan’s Prize, Inc. Private Food, Beverage and Tobacco Furlough of Employees Temporarily furloughing 197 of its approximately 530 team members on May 4, 2020
JBS USA Holdings, Inc. Private Food, Beverage and Tobacco Non-Executives: One-Time Bonus Employees who are UFCW (Union) members will receive a $600 bonus on May 15th
JUUL Labs, Inc. Private Food, Beverage and Tobacco Reduced Workforce Laid off between 800 and 950 employees
Kemin Industries, Inc. Private Food, Beverage and Tobacco Non-Executives: One-Time Bonus Launched a $1 million bonus program to express gratitude to its employees required to work on-site at company facilities during the coronavirus (COVID-19) pandemic
National Beef Packing Company, LLC Private Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees $2 per hour pay increase between March 16 through May 10
National Beef Packing Company, LLC Private Food, Beverage and Tobacco Expanded Benefits Programs 2 weeks paid leave if they are required to quarantine, waiver of co-pays for coronavirus medical care, and the ability to take time off for any coronavirus-related absences
Olymel L.P. Private Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Employees will receive a $2 per hour pay increase starting March 23
Perdue Farms Inc. Private Food, Beverage and Tobacco Annual Incentive Plan Changes Fully funding our annual profit-sharing Associate Bonus Program and paying it to eligible associates two months early
Perdue Farms Inc. Private Food, Beverage and Tobacco Non-Executives: Additional Payments for On-Site Employees Providing all hourly associates a $1-per-hour pay raise and all Piece Rate associates (such as Perdue Truck Drivers) a $40-per-week pay increase. These temporary increases will be in effect March 23 to May 10, 2020
Perdue Farms Inc. Private Food, Beverage and Tobacco Expanded Benefits Programs Making our existing PTO policies even more flexible during this time to be responsive and provide added relief
Alteon Health, LLC Private Health Care Equipment and Services Executives: Reduced CEO Base Salary Executives will still take a 25% pay cut; and the company will still convert salaried employees to hourly pay
Alteon Health, LLC Private Health Care Equipment and Services Non-Executives: Reduced Pay Convert physicians to an hourly rate, implying that they would start earning less money since the company had already said it would reduce their hours
Alteon Health, LLC Private Health Care Equipment and Services Suspended 401(k) Match Deferring 401(k) matches
Beth Israel Deaconess Medical Center, Inc. Private Health Care Equipment and Services Annual Incentive Plan Changes Deferred the bonuses scheduled for March 30
Beth Israel Lahey Health, Inc. Private Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO reduced salary 50% for three months
Beth Israel Lahey Health, Inc. Private Health Care Equipment and Services Executives: Reduced Other Executive Base Salary Leaders at Beth Israel Lahey Health, presidents of its 12 hospitals and the head of its affiliate Harvard Medical Faculty Physicians will take a 20% salary cut
BioTelemetry, Inc. Private Health Care Equipment and Services Furlough of Employees Implemented furloughs during Q2
Cape Cod Healthcare, Inc. Private Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO will take a 12.5% salary reduction
Cape Cod Healthcare, Inc. Private Health Care Equipment and Services Executives: Reduced Other Executive Base Salary CEO and senior management team will take a 5% – 12.5% reduction in their salaries
Cape Cod Healthcare, Inc. Private Health Care Equipment and Services Furlough of Employees Plans to furlough up to 600 workers in the system, including over 50 nurses and dozens of nurses aides and other support staff
JAND, Inc. Private Health Care Equipment and Services Non-Executives: Guaranteed Pay Continuity Closed all retail stores until March 27, though its retail team members will be compensated and receive benefits during the first four weeks
JAND, Inc. Private Health Care Equipment and Services Expanded Benefits Programs Expanded leave policies to accommodate personal or family health circumstances created by COVID-19—including recovering from an illness, caring for a sick loved one, mandatory quarantining, or handling childcare challenges due to school closures
Mount Sinai Hospital Private Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO and the system’s leadership team will take a 50% pay cut for as long as necessary
Mount Sinai Hospital Private Health Care Equipment and Services Executives: Reduced Other Executive Base Salary CEO and the system’s leadership team will take a 50% pay cut for as long as necessary
Northwell Health, Inc. Private Health Care Equipment and Services Non-Executives: Additional Payments for On-Site Employees Providing a $2,500 “lump-sum payment’ and one week paid time off to its frontline employees
St. Luke’s Hospital Private Health Care Equipment and Services Reduced Workforce Laid off nonessential roles during the outbreak
Stanford Health Care Private Health Care Equipment and Services Executives: Reduced CEO Base Salary CEO had the option last week of accepting a 20% pay cut or taking paid vacation time in the next 10 weeks
Stanford Health Care Private Health Care Equipment and Services Non-Executives: Reduced Pay Nurses, doctors, technicians, staff and even the CEO and administrators had the option last week of accepting a 20% pay cut or taking paid vacation time in the next 10 weeks
Stanford Health Care Private Health Care Equipment and Services Furlough of Employees Imposed 20 percent pay cuts and across-the-board furloughs for roughly 14,000 health care workers, including administrators and doctors
The New York and Presbyterian Hospital Private Health Care Equipment and Services Non-Executives: One-Time Bonus $1,250 bonus to employees who have worked in or supported the COVID-19 front lines
Trihealth, Inc. Private Health Care Equipment and Services Executives: Reduced CEO Base Salary At least 11 TriHealth executives have taken a 20% pay cut
Trihealth, Inc. Private Health Care Equipment and Services Executives: Reduced Other Executive Base Salary At least 11 TriHealth executives have taken a 20% pay cut
Trihealth, Inc. Private Health Care Equipment and Services Furlough of Employees Implemented furloughs
Trinity Health Corporation Private Health Care Equipment and Services Executives: Reduced CEO Base Salary Trinity Health CEO will take 50% decrease in base pay
Trinity Health Corporation Private Health Care Equipment and Services Executives: Reduced Other Executive Base Salary 83 senior executives in Trinity Michigan will take a temporary base pay reduction ranging from 15% to 25%, effective next week
Trinity Health Corporation Private Health Care Equipment and Services Furlough of Employees 10% of the workforce, about 2,500 employees, will be temporarily furloughed without pay, effective April 1
Glossier, Inc. Private Household and Personal Products Non-Executives: Guaranteed Pay Continuity Employees at our permanent (NY and LA) and semi-permanent (London) locations will be compensated for their scheduled shifts for the month of May
GOJO Industries, Inc. Private Household and Personal Products Non-Executives: One-Time Bonus A Supply Chain bonus of an average of $1,000 for team members in manufacturing & distribution
GOJO Industries, Inc. Private Household and Personal Products Expanded Benefits Programs Additional paid sick time of up to 80 hours
The Guardian Life Insurance Company of America Private Insurance Expanded Benefits Programs 2:1 corporate match implemented for all employee donations to Feeding America food banks across the country, up to $150,000
Next Generation Films, Inc. Private Materials Non-Executives: One-Time Bonus All hourly employees received a $500 bonus
Anaheim Ducks Hockey Club, LLC Private Media and Entertainment Non-Executives: Guaranteed Pay Continuity Employees will be paid for all of the hours they were scheduled to work through the end of June for the 2,100 part-time employees
Atlantic Media, Inc. Private Media and Entertainment Executives: Reduced CEO Base Salary Top executives will experience a pay cut
Atlantic Media, Inc. Private Media and Entertainment Executives: Reduced Other Executive Base Salary Top executives will experience a pay cut
Atlantic Media, Inc. Private Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses Remaining workers will endure a general pay freeze for the rest of 2020
Atlantic Media, Inc. Private Media and Entertainment Reduced Workforce 68 staffers from the events, sales and editorial departments will be let go. This is almost 20 percent of the staff. Those being laid off will receive a severance package of a minimum 16 weeks’ salary pay and two weeks for each year of service beyond the first year. The former employees will also receive health care, with The Atlantic paying the continuation of health insurance, or COBRA, through the end of the year
BuzzFeed, Inc Private Media and Entertainment Executives: Reduced CEO Base Salary CEO salary reduced to 100% throughout April and May, and will be reevaluated on a monthly basis
BuzzFeed, Inc Private Media and Entertainment Executives: Reduced Other Executive Base Salary Graduated salary reduction for its employees, with top executives taking a 14%-25% cut throughout April and May, and will be reevaluated on a monthly basis
BuzzFeed, Inc Private Media and Entertainment Non-Executives: Reduced Pay Graduated salary reduction for the majority of employees for the months of April and May: Staffers in the lowest bracket—which includes anyone making under $65,000 annually—would experience a 5% reduction, while those making between $65,000-$90,000 would experience a 7% cut. Other staff would take nearly a 10% pay cut
Cirque du Soleil Inc. Private Media and Entertainment Reduced Workforce Cirque du Soleil announced it is laying off 95% of its 4,679 person staff on March 19
Cirque du Soleil Inc. Private Media and Entertainment Furlough of Employees Cirque du Soleil Entertainment Group is forced to make significant temporary staff reductions, impacting 95% of its workforce for a total of 4679 employees, effective immediately
ClassPass Inc. Private Media and Entertainment Reduced Workforce Furloughed or laid off over half of its 700 employees on April 2 — 22% were laid off and 31% were furloughed
ClassPass Inc. Private Media and Entertainment Furlough of Employees Furloughed or laid off over half of its 700 employees on April 2 — 22% were laid off and 31% were furloughed
Dallas Mavericks, Inc. Private Media and Entertainment Non-Executives: Guaranteed Pay Continuity Owner Mark Cuban has vowed to find a way to pay the hourly wages of arena workers during the NBA cancellation
Endeavor Group Holdings, Inc. Private Media and Entertainment Executives: Reduced CEO Base Salary CEO will not take a salary in 2020 (reduced 100%)
Endeavor Group Holdings, Inc. Private Media and Entertainment Reduced Workforce Approximately 250 layoffs across its various businesses
Group Nine Media, Inc. Private Media and Entertainment Executives: Reduced CEO Base Salary CEO has opted to give up 100% of about six months worth of pay right now
Group Nine Media, Inc. Private Media and Entertainment Executives: Reduced Other Executive Base Salary Executives are taking a 25% pay cut for the rest of 2020
Group Nine Media, Inc. Private Media and Entertainment Non-Executives: Suspended Raises and/or Bonuses Pausing non-mandatory merit increases
Group Nine Media, Inc. Private Media and Entertainment Suspended 401(k) Match Pausing 401K matches
Group Nine Media, Inc. Private Media and Entertainment Executives: Suspended Raises and/or Bonuses Pausing non-mandatory merit increases
Major League Baseball Enterprises, Inc. Private Media and Entertainment Furlough of Employees Pledged $30 million to help cover the lost wages of ballpark workers furloughed due to the season postponement
National Association for Stock Car Auto Racing, Inc. Private Media and Entertainment Executives: Reduced CEO Base Salary Salary reduced by 25%
National Association for Stock Car Auto Racing, Inc. Private Media and Entertainment Executives: Reduced Other Executive Base Salary Presidents of NASCAR-owned tracks will see a 25% reduction in salary
National Association for Stock Car Auto Racing, Inc. Private Media and Entertainment Non-Executives: Reduced Pay Employees will have their salary reduced by 20%
National Association for Stock Car Auto Racing, Inc. Private Media and Entertainment Other Employees were told to use one week of vacation over the next five weeks
NBCUniversal, LLC Private Media and Entertainment Executives: Reduced CEO Base Salary NBCUniversal is cutting the pay of its senior management by 20%
NBCUniversal, LLC Private Media and Entertainment Executives: Reduced Other Executive Base Salary NBCUniversal is cutting the pay by 3% for employees making more than $100,000
Sky Limited Private Media and Entertainment Executives: Reduced CEO Base Salary Sky Group Chief Executive will also donate 100% of his salary to COVID-19-related charities for the duration of the crisis
Sky Limited Private Media and Entertainment Non-Executives: One-Time Bonus These funds will go directly to eligible workers and freelancers across film, TV and cinema. One-off grants of between £500 and £2,500 will be awarded based on need
The Condé Nast Publications Limited Private Media and Entertainment Executives: Reduced CEO Base Salary CEO will forgo 50% of his salary
The Condé Nast Publications Limited Private Media and Entertainment Executives: Reduced Other Executive Base Salary Salaries of executives in the senior management team, including Anna Wintour, the artistic director and Condé Nast’s best-known figurehead, will be cut 20%
The Condé Nast Publications Limited Private Media and Entertainment Board of Directors: Reduced Pay Board members who were not employees the holding company that owns Condé Nast will take a 50% reduction in their compensation
The Condé Nast Publications Limited Private Media and Entertainment Non-Executives: Reduced Pay Salaries of employees earning $100,000 or more will be reduced by 10% – 20% for five months, starting in May
The Condé Nast Publications Limited Private Media and Entertainment Reduced Workforce Undisclosed number of layoffs
United Talent Agency, LLC Private Media and Entertainment Executives: Reduced CEO Base Salary UTA CEO will give up his salary for the rest of the year
United Talent Agency, LLC Private Media and Entertainment Executives: Reduced Other Executive Base Salary UTA co-Presidents will give up 100% of their salaries for the rest of the year
United Talent Agency, LLC Private Media and Entertainment Non-Executives: Reduced Pay Salaries would be cut across every level and “structured so our most senior colleagues make the largest financial sacrifice
Vice Media, LLC Private Media and Entertainment Executives: Reduced CEO Base Salary CEO is taking a 50% salary cut for the duration of the crisis
Vice Media, LLC Private Media and Entertainment Executives: Reduced Other Executive Base Salary Top executives will take a 20% to 25% salary cut for the duration of the crisis
Vice Media, LLC Private Media and Entertainment Non-Executives: Reduced Pay Enforcing pay cuts for employees making over $100k a year
Vice Media, LLC Private Media and Entertainment Suspended 401(k) Match Halting 401K matches and freezing promotions through July
Vice Media, LLC Private Media and Entertainment Furlough of Employees Furloughed some top executives
ZipRecruiter, Inc. Private Media and Entertainment Reduced Workforce ZipRecruiter laid off 443 employees
ZipRecruiter, Inc. Private Media and Entertainment Furlough of Employees ZipRecruiter furloughed dozens on Friday
Aimmune Therapeutics, Inc. Private Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced CEO Base Salary In light of the disruption and uncertainty created by the evolving COVID-19 pandemic and its anticipated impact on the Company’s operations, all of its named and other executive officers, including the Company’s CEO, will be taking a 25% reduction in cash base salary, effective May 16, 2020 through August 31, 2020.
Aimmune Therapeutics, Inc. Private Pharmaceuticals, Biotechnology and Life Sciences Executives: Reduced Other Executive Base Salary In light of the disruption and uncertainty created by the evolving COVID-19 pandemic and its anticipated impact on the Company’s operations, all of its named and other executive officers, including the Company’s CEO, will be taking a 25% reduction in cash base salary, effective May 16, 2020 through August 31, 2020.
Progenics Pharmaceuticals, Inc. Private Pharmaceuticals, Biotechnology and Life Sciences Furlough of Employees Furloughed a portion of the clinical, commercial, and medical employees
Progenics Pharmaceuticals, Inc. Private Pharmaceuticals, Biotechnology and Life Sciences Delay of Annual Meeting Delayed M&A meeting from April 28 to June 16 on April 2
Convene LLC Private Real Estate Reduced Workforce Laid off 20% of workforce: all laid off employees will receive a month of healthcare coverage, one month severance, and one additional week severance for each year they worked at Convene
Convene LLC Private Real Estate Furlough of Employees Those furloughed will keep their seniority at the company and Convene will pay their portion as well as the company’s healthcare contribution until August or the end of the furlough period
Urban Compass, Inc. Private Real Estate Executives: Reduced CEO Base Salary Salary reduced 100% as part of corporate spending reduction
Urban Compass, Inc. Private Real Estate Executives: Reduced Other Executive Base Salary Executive team’s salary reduced by 25%
Urban Compass, Inc. Private Real Estate Reduced Workforce Laid off 15% of workforce: enhanced severance and COBRA health insurance along with letting employees hold on to their company laptops and providing tools, training, and networking help so that they can try to get a new job
Wallick Construction Company Private Real Estate Non-Executives: Additional Payments for On-Site Employees Giving a $2/hour raise to all of its frontline, hourly associates who work at its affordable housing and senior living communities
Wallick Construction Company Private Real Estate Expanded Benefits Programs Associates are receiving an additional 10 sick days, paid at 75% of their regular pay, who are absent due to issues related to the COVID-19 infection
Zeus Living, Inc. Private Real Estate Reduced Workforce Laid off 30% of staff
Away.com, Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity All employees and store associates will receive pay when stores are closed for two week period
b8ta, Inc. Private Retailing Non-Executives: Reduced Pay Mandated pay cuts to employees who remain with the company
b8ta, Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Guaranteed pay from March 15 through March 28
b8ta, Inc. Private Retailing Non-Executives: One-Time Bonus One-time relief check of $1,000 for every full-time b8ta tester and $500 for every part-time b8ta tester
b8ta, Inc. Private Retailing Reduced Workforce Laid off over half of its corporate employees
b8ta, Inc. Private Retailing Furlough of Employees Furloughed employees will maintain healthcare coverage
Belk Inc. Private Retailing Executives: Reduced CEO Base Salary Salary reductions as much as 50% for senior leaders
Belk Inc. Private Retailing Executives: Reduced Other Executive Base Salary Salary reductions as much as 50% for senior leaders
Belk Inc. Private Retailing Non-Executives: Reduced Pay Employees who continue working will experience a pay cut
Belk Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Providing benefits and compensation to employees during store closures through March 30
Belk Inc. Private Retailing Furlough of Employees Furloughed employees 10 days after Belk temporarily shut down. Furloughed employees will continue to receive health-care benefits
Claire’s Inc. Private Retailing Executives: Reduced CEO Base Salary CEO salary reduced 30%
Claire’s Inc. Private Retailing Executives: Reduced Other Executive Base Salary Senior leadership team will be taking a tiered reduction in pay
Claire’s Inc. Private Retailing Board of Directors: Reduced Pay Compensation reduced 30%
Claire’s Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Store associates paid for the hours they were scheduled during March 17th to March 27th closure
Claire’s Inc. Private Retailing Furlough of Employees Furloughed majority of store associates, to be recalled when stores re-open, and approximately 250 corporate office employees. Covering employee-paid healthcare premiums for up to 8 weeks
Crate & Barrel Holdings, Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Paying part-time and full-time associates for two weeks beginning March 17
David’s Bridal, LLC Private Retailing Executives: Reduced CEO Base Salary Significantly reducing the salaries of the executive management team
David’s Bridal, LLC Private Retailing Executives: Reduced Other Executive Base Salary Significantly reducing the salaries of the executive management team
David’s Bridal, LLC Private Retailing Board of Directors: Reduced Pay Significantly reduced salaries for most employees
David’s Bridal, LLC Private Retailing Non-Executives: Reduced Pay Significantly reducing the salaries of the senior corporate and field employees
David’s Bridal, LLC Private Retailing Furlough of Employees Implementing a furlough program that will affect the vast majority of store employees and over 50% of the corporate workforce
Everlane, Inc. Private Retailing Executives: Reduced CEO Base Salary Salary reduced 100% for duration of crisis
Everlane, Inc. Private Retailing Executives: Reduced Other Executive Base Salary Senior leadership team salaries reduced 25%
Everlane, Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Employees with receive compensation during store closures, set to be until March 28
Everlane, Inc. Private Retailing Reduced Workforce Laid off employees across part-time and retail teams. Affected employees were offered two weeks of severance
Everlane, Inc. Private Retailing Furlough of Employees 68 full-time retail employees were furloughed
Hobby Lobby Stores, Inc. Private Retailing Furlough of Employees Furloughed nearly all store employees and is ending emergency leave pay and suspending use of company provided paid time off benefits and vacation
Hudson Ltd. Private Retailing Executives: Reduced CEO Base Salary Reduced salaries for CEO
Hudson Ltd. Private Retailing Executives: Reduced Other Executive Base Salary Reduced salaries for corporate team members
Hudson Ltd. Private Retailing Non-Executives: Reduced Pay Reduced salaries for corporate team members and field leadership
Hudson Ltd. Private Retailing Reduced Workforce Reducing a majority of its workforce through furloughs and lay-offs of both field service and support team members
Hudson Ltd. Private Retailing Furlough of Employees Reducing majority of workforce through furloughs and lay-offs of field service and support team. Furloughed employees will receive health benefits for 60 days
IKEA A/S Private Retailing Non-Executives: Guaranteed Pay Continuity Provided income stability for all co-workers with 100% pay March 16 through April 18
IKEA A/S Private Retailing Furlough of Employees Furloughed hourly workers. IKEA will continue to provide furloughed co-workers with benefits, including medical and prescription benefits from IKEA through May 31 and will pay their co-worker contribution
LEGO Company Limited Private Retailing Non-Executives: Guaranteed Pay Continuity Retail store employees will receive scheduled wages March 18th to March 27th. Announcement of store closures through April 12 was silent on pay continuity
Lidl Stiftung &co. Verwaltungs-Gmbh Private Retailing Expanded Workforce Created about 2,500 temporary jobs across its 800 stores
Neiman Marcus Group, Inc. Private Retailing Executives: Reduced CEO Base Salary Salary reduced 100% for the month of April
Neiman Marcus Group, Inc. Private Retailing Executives: Reduced Other Executive Base Salary Salaries reduced among all employees in April
Neiman Marcus Group, Inc. Private Retailing Non-Executives: Reduced Pay Employees not impacted by the furloughs will also take pay cuts in April
Neiman Marcus Group, Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Store associates affected by the closures will be paid for two-week period
Neiman Marcus Group, Inc. Private Retailing Furlough of Employees Furloughed majority of employees
New Academy Holding Company, LLC Private Retailing Executives: Reduced CEO Base Salary A 50% reduction of senior management base pay
New Academy Holding Company, LLC Private Retailing Executives: Reduced Other Executive Base Salary A 50% reduction of senior management base pay
New Academy Holding Company, LLC Private Retailing Non-Executives: Reduced Pay The corporate personnel in essential roles who continue to work during the crisis will take a 20% reduction of their base salary during this temporary situation
New Academy Holding Company, LLC Private Retailing Furlough of Employees Temporarily furloughing a substantial number of its corporate office and distribution center personnel effective April 18, 2020
Old COPPER Company, Inc. Private Retailing Long-Term Incentive Plan Changes Forfeited Performance Cash Intended for 2020 and 2021, and Accelerated the Portion for 2019
Old COPPER Company, Inc. Private Retailing Executives: Granted Discretionary Award Pre-Paid Compensation Plan for NEOs and Select Others; Amount Equal to a Fraction of Annual Variable Incentives; Awards are Contingent on Forfeiting 2020 Variable Awards and Past LTI Awards, and Must be Pre-Paid if Milestones are Not Met
Old COPPER Company, Inc. Private Retailing Non-Executives: Suspended Raises and/or Bonuses Suspended 2020 merit increases
Old COPPER Company, Inc. Private Retailing Furlough of Employees Temporary furlough of employees in supply chain and logistics centers effective March 20, majority of store hourly associates effective April 2, corporate associates effective April 5. Furloughed associates enrolled in benefits program will continue to receive full health benefits and Company plans to cover 100% of employee-paid premiums for the duration of the furlough
Old COPPER Company, Inc. Private Retailing Executives: Suspended Raises and/or Bonuses Suspended 2020 merit increases
Petco Holdings, Inc. Private Retailing Non-Executives: One-Time Bonus Launched the “Petco Partner Assistance Fund,” with an initial $2 million investment to help support its more than 27,000 employees
Pier 1 Imports, Inc. Private Retailing Executives: Reduced CEO Base Salary CEO salary reduced 50%
Pier 1 Imports, Inc. Private Retailing Executives: Reduced Other Executive Base Salary Salary reduced for EVPs and above by 50% and for SVPs by 30%
Pier 1 Imports, Inc. Private Retailing Board of Directors: Reduced Pay Compensation reduced or deferred by 50% until further notice
Pier 1 Imports, Inc. Private Retailing Non-Executives: Reduced Pay Reducing compensation by 20% for retained associates
Pier 1 Imports, Inc. Private Retailing Furlough of Employees Furloughed approximately 65% of home office associates and for certain store and distribution associates, until further notice
Saks Fifth Avenue LLC Private Retailing Non-Executives: Guaranteed Pay Continuity Associates were paid for scheduled hours during initial two week closure period
Saks Fifth Avenue LLC Private Retailing Furlough of Employees Furloughed a portion of US workforce
Sephora USA, Inc. Private Retailing Reduced Workforce In the US, we have made the difficult decision to let go a portion of our part-time and seasonal store employee base
StubHub, Inc. Private Retailing Furlough of Employees StubHub furloughs as much as 2/3 of workforce
Tailored Brands, Inc. Private Retailing Long-Term Incentive Plan Changes We have also chosen to delay our 2020 long-term incentive grants
Tailored Brands, Inc. Private Retailing Executives: Reduced CEO Base Salary Effective March 29, 2020, we reduced CEO’s base salary by 50%
Tailored Brands, Inc. Private Retailing Executives: Reduced CEO Incentive Compensation No NEO would receive any bonus payout for 2019 due to the need to conserve cash because of the emerging COVID-19 crisis and the Company’s stores being closed for an unknown duration
Tailored Brands, Inc. Private Retailing Executives: Reduced Other Executive Base Salary Effective March 29, 2020, we reduced the base salary of all other NEOs and other executive vice presidents directly reporting to our Chief Executive Officer by 25%
Tailored Brands, Inc. Private Retailing Executives: Reduced Other Executive Incentive No NEO would receive any bonus payout for 2019 due to the need to conserve cash because of the emerging COVID-19 crisis and the Company’s stores being closed for an unknown duration
Tailored Brands, Inc. Private Retailing Board of Directors: Reduced Pay Board of Directors agreed to a 50% reduction in all cash retainer fees effective March 29, 2020 until further notice
Tailored Brands, Inc. Private Retailing Non-Executives: Reduced Pay We reduced the base salaries of other members of our senior management team by 15%; Effective April 5, 2020, we reduced the base salaries of employees with a base salary of $100,000 or more by 10%.
Tailored Brands, Inc. Private Retailing Furlough of Employees Furloughed all of our U.S. store employees as well as a significant portion of employees in our U.S. distribution network and offices, and we implemented the temporary layoff of all Canadian store employees and a significant portion of Canadian employees in our Canadian distribution network and offices
The Men’s Wearhouse, Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Company will pay employees during this closure period and continue to operate its online store
VANS, Inc. Private Retailing Non-Executives: Guaranteed Pay Continuity Store associates will receive full pay and benefits during the closure
Cast & Crew Payroll, LLC Private Software and Services Executives: Reduced CEO Base Salary Salary reductions of 50% for Executive Management Team members
Cast & Crew Payroll, LLC Private Software and Services Executives: Reduced Other Executive Base Salary Salary reductions of 50% for Executive Management Team members
Cast & Crew Payroll, LLC Private Software and Services Non-Executives: Reduced Pay Salary reductions of 25% for VPs and other senior employees
Cast & Crew Payroll, LLC Private Software and Services Furlough of Employees Furloughs for a significant percentage of team members
Gravity Payments, Inc. Private Software and Services Executives: Reduced CEO Base Salary Voluntary pay cuts. Company will reassess every 30 days
Gravity Payments, Inc. Private Software and Services Executives: Reduced Other Executive Base Salary Voluntary pay cuts. Company will reassess every 30 days
Gravity Payments, Inc. Private Software and Services Non-Executives: Reduced Pay Voluntary pay cuts, with employees choosing how much they could sacrifice individually
Majesco Private Software and Services Annual Incentive Plan Changes Revised current, in-process incentive plan – The compensation committee determined that bonus targets have been met at 100% of targets for every bonus eligible employee, including the named executive officers, but it was in the best interest of the Company to pay every bonus eligible employee, including the named executive officers, 80% of the resulting bonuses entitlements for Fiscal Year 2020 as a result of COVID-19
Postmates Inc. Private Software and Services Expanded Benefits Programs Beginning Friday, April 24th, qualifying couriers in California and New York can apply for a stipend through the Postmates Fleet Relief Fund portal to help cover the cost of medical expenses related to COVID-19, PPE, and medical expenses, while additionally offering income-replacements regardless of diagnosis
Toast, Inc. Private Software and Services Executives: Reduced CEO Base Salary Reduce leadership team pay across the board
Toast, Inc. Private Software and Services Executives: Reduced Other Executive Base Salary Reduce leadership team pay across the board
Toast, Inc. Private Software and Services Non-Executives: Suspended Raises and/or Bonuses Halted merit increases
Toast, Inc. Private Software and Services Reduced Workforce Cut about 50% of its staff through layoffs and furloughs
Toast, Inc. Private Software and Services Furlough of Employees Cut about 50% of its staff through layoffs and furloughs
Toast, Inc. Private Software and Services Executives: Suspended Raises and/or Bonuses Halted merit increases
TripActions, Inc. Private Software and Services Executives: Reduced CEO Base Salary Salary reduced 50%
TripActions, Inc. Private Software and Services Executives: Reduced Other Executive Base Salary Executive staff salaries reduced 20%
TripActions, Inc. Private Software and Services Non-Executives: Reduced Pay Salary reductions: 15% for VPs, and 10% for all other employees except those earning under USD $100K who will see a 5% reduction in salary
TripActions, Inc. Private Software and Services Reduced Workforce Laid off 350 staff. Health benefits continue for 1 month
TripActions, Inc. Private Software and Services Other Removed annual employee travel stipend of $2,000 and employee gym/wellness benefit globally
Virtusa Corporation Private Software and Services Suspended Buyback Program Share repurchase program has been suspended
Magic Leap, Inc. Private Technology Hardware and Equipment Reduced Workforce Half of employees were laid off, roughly 1,000 in total
Lime, Inc. Private Telecommunication Services Reduced Workforce Lime has laid off 13% of its workforce
Scandinavian Airlines System AB Private Transportation Furlough of Employees Temporarily lay off up to 90% of its staff—or 10,000 employees
Virgin Atlantic Airways Limited Private Transportation Executives: Reduced CEO Base Salary CEO has extended his 20% pay cut to the end of 2020
Virgin Atlantic Airways Limited Private Transportation Executives: Reduced Other Executive Base Salary Executive Leadership Team salary reduced 15% to the end of 2020
Virgin Atlantic Airways Limited Private Transportation Non-Executives: Suspended Raises and/or Bonuses Deferral of annual pay increases from March until August 2020
Virgin Atlantic Airways Limited Private Transportation Reduced Workforce Cut 3,150 jobs as the airline struggles to survive the coronavirus pandemic
Virgin Atlantic Airways Limited Private Transportation Furlough of Employees Reducing employer pension contribution for a period of one year. Asked staff to take eight weeks of unpaid leave over the next three months
Virgin Atlantic Airways Limited Private Transportation Expanded Benefits Programs Continuing to offer an enhanced company sick pay policy, however, with terms reduced to 12 weeks full pay. Offering a one-time voluntary severance package to all employees. Offering a sabbatical of 6-12 months
Virgin Atlantic Airways Limited Private Transportation Executives: Suspended Raises and/or Bonuses Deferral of annual pay increases from March until August 2020
American Association For Cancer Research Nonprofit Commercial and Professional Services Delay of Annual Meeting Canceled annual meeting on March 10, originally scheduled for April 24-29. Annual meeting will be rescheduled later in 2020
Duke University Nonprofit Consumer Services Executives: Reduced CEO Base Salary President said he will take a 20% pay reduction
Duke University Nonprofit Consumer Services Executives: Reduced Other Executive Incentive Voluntary salary reductions include the provost, vice president and chancellor, who will have a reduction of 15%. Price said he will take a 20% pay reduction
Duke University Nonprofit Consumer Services Non-Executives: Reduced Pay University employees who earn more than $285,000 will see a 10% reduction in their salaries for 12 months
Duke University Nonprofit Consumer Services Suspended 401(k) Match Suspend employer contributions to Duke faculty and staff retirement plans for 12 months starting July 1
The Metropolitan Museum of Art Nonprofit Consumer Services Non-Executives: Guaranteed Pay Continuity Extend pay for all staff until May 2. Previously the Met had guaranteed pay through April 4
The Metropolitan Museum of Art Nonprofit Consumer Services Non-Executives: Additional Payments for On-Site Employees Agreement with union representing its guards and maintenance crews to provide time-and-a-half hazard pay for essential staff who must continue working onsite during the shutdown
The Pennsylvania State University Nonprofit Consumer Services Non-Executives: Reduced Pay Cut about 2,000 employees’ pay by 50% May 4 to June 30. Employees who have their pay cut will still receive benefits
University of Southern California Nonprofit Consumer Services Executives: Reduced CEO Base Salary President will forgo 20% salary
University of Southern California Nonprofit Consumer Services Executives: Reduced Other Executive Base Salary Provost, SVPs, and Deans will forgo 10% salary
University of Southern California Nonprofit Consumer Services Non-Executives: Suspended Raises and/or Bonuses Paused merit increases for both faculty and staff
Metropolitan Opera Association, Inc. Nonprofit Media and Entertainment Reduced Workforce On March 19, laid off all of its union employees for the duration of the coronavirus outbreak
National Railroad Passenger Corporation Nonprofit Transportation Executives: Reduced CEO Base Salary CEO will defer salary while the company is suspending the 401(k) match
National Railroad Passenger Corporation Nonprofit Transportation Suspended 401(k) Match Suspending the 401(k) match

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