How Kathwari was paid
$3.8M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| M. Farooq KathwariChairman of the Board, President and Chief Executive Officer | $1,150,050 | — | $1,517,988 | $1,037,300 | $127,996 | $3,833,334 |
| Matthew J. McNultySenior Vice President, Chief Financial Officer and Treasurer | $410,000 | — | $184,490 | $92,455 | $2,664 | $689,609 |
| Amy PhillipsExecutive Vice President, Retail Division | $500,000 | — | $250,017 | $135,300 | $2,664 | $887,981 |
| Douglas H. DeifenbachSenior Vice President, Business Development | $304,151 | $35,000 | — | — | $2,497 | $341,647 |
| Catherine A. PlaistedSenior Vice President, Marketing | $273,671 | $35,000 | — | — | $2,424 | $311,095 |
| Rebecca ThompsonSenior Vice President, Merchandising and Product Development | $131,370 | — | $157,508 | — | $100,000 | $388,878 |
What changed and why
- 19.4%19.4% CEO total compensation increased to $3,833,334 from $3,209,468 in fiscal 2024.
- 98.1%98.1% of votes supported the prior say-on-pay proposal at the 2024 annual meeting.
- $1.5M$1,517,988 of CEO stock awards included performance stock units at target and service-based restricted stock units.
- Annual incentive payouts were based on specified net sales and adjusted operating income targets.
- $100K$100,000 severance payment was included in Rebecca Thompson’s fiscal 2025 compensation.
- $110K$109,588 of the CEO’s $127,996 all-other compensation represented use of a Company car.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.