Pay packages for Kenneth Cole Production’s top executives rose last year, while officers at Maidenform Brands Inc. kept pace with their 2006 compensation and Citi Trends executives saw a pay cut, according to filings with the Securities and Exchange Commission.
The compensation of Kenneth Cole Production’s chairman and chief executive officer Kenneth Cole increased 87 percent to $7.7 million in 2007 from $4.1 million a year earlier.
Cole’s pay included a base salary of $1 million, stock and option awards valued at $2.7 million, deferred compensation of $3.1 million and use of a chartered plane valued at $64,119. Cole recently relinquished his ceo title to Jill Granoff, but will remain chairman and chief creative officer.
Douglas Jakubowski, president of the footwear and apparel firm, received total compensation of $1.1 million, which included a base salary of $500,000 and stock awards totaling $468,957. His 2006 pay was $601,924.
Maidenform Brands said its ceo and vice chairman Thomas Ward received total compensation of $1.6 million in 2007, which was on par with the year prior. Ward’s compensation package included a base salary of $593,910 and stock and option awards of $459,323.
Maurice Reznik, president, took home a pay package of $1.2 million, which was equal to his total compensation in 2006. His compensation included a base salary of $501,071 and stock and option awards of $278,145.
Dorvin Lively, who resigned as Maidenform’s executive vice president and chief financial officer last month, received compensation of $1.3 million last year, the same as in 2006. His base salary was $396,274 and stock and options totaled $673,465.
At urban-inspired specialty retailer Citi Trends Inc., R. Edward Anderson, ceo, registered compensation of $600,305, down from $746,363 in 2006. His base salary was $416,282 and he received stock and option awards of $172,324. Anderson was not awarded a bonus.
George Bellino, president and chief merchandising officer, also received a pay cut to $438,685 from $450,624. His pay package included a base salary of $287,817 and stock and option awards valued at $76,822.