Jones received $6.9 million in compensation for the year ended April 30, compared to $8.5 million the prior year. His incentive pay fell to $401,731, off 69.5 percent from $1.3 million for fiscal 2019.
The major components in the awarding of the short-term incentive pay is revenue from continuing operations and pre-tax earnings from continuing operations, each of which is weighted at 40 percent of the award while market share comprises the remaining 20 percent.
Last year’s compensation for CFO Tony Bowen was $2,090,428, an increase of slightly more than $70,000. Thomas Gerke, general counsel and chief administrative officer, saw his remuneration fall to $1,9 million, off 15.6 percent from $2.2 million the prior year. Karen Orosco, SVP of U.S. Retail, had 2.4 percent increase in pay to $1,8 million from $1.78 million. Chief Accounting Officer Kellie Logerwell received $568,003 in 2020, a drop of 11.8 percent from $643,988.