How Bender was paid
$9M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Michael J. BenderChief Executive Officer | $1,111,837 | $3,775,003 | $3,641,818 | $515,808 | $9,044,466 |
| Jill TimmChief Financial Officer | $950,000 | $2,299,993 | $2,289,690 | $105,910 | $5,645,593 |
| Fred HandSenior Executive Vice President, Director of Stores | $900,000 | $2,000,003 | $2,169,180 | $83,312 | $5,152,495 |
| Nick JonesChief Merchandising Officer | $900,000 | $2,299,993 | $2,336,040 | $121,075 | $5,657,108 |
| Christie RaymondChief Marketing Officer | $725,000 | $1,500,002 | $1,478,565 | $77,363 | $3,780,930 |
| Ashley BuchananFormer Chief Executive Officer | $368,750 | $9,000,005 | — | $213,981 | $9,582,736 |
What changed and why
- Michael J. Bender served as interim and then permanent CEO during fiscal 2025.
- $9MTotal compensation for CEO Michael J. Bender reached $9,044,466 for the year.
- 55%Approximately 55% of votes supported say-on-pay at the previous annual meeting.
- 127%The compensation committee exercised negative discretion to cap PSU payouts at 127%.
- Extensive shareholder outreach followed the disappointing prior say-on-pay vote support level.
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.