How Michaels was paid
$9.9M in total for 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 |
|---|---|---|---|---|---|
| Steven A. MichaelsChief Executive Officer | $1,000,000 | $7,424,432 | $1,408,500 | $47,498 | $9,880,430 |
| Brian J. GarnerChief Financial Officer | $575,000 | $1,849,960 | $593,900 | $13,800 | $3,032,660 |
| Todd KingChief Legal and Compliance Officer | $500,000 | $822,935 | $469,500 | $13,800 | $1,806,235 |
What changed and why
- $9.9MCEO total compensation decreased to $9,880,430 in 2025 from $13,328,364 in 2024.
- $2.4BConsolidated revenues from continuing operations reached $2.4 billion in 2025, an increase of 0.4%.
- $2.5BConsolidated GMV from continuing operations increased 12.1% to $2.5 billion in 2025.
- 94%Shareholders overwhelmingly approved the prior say-on-pay proposal with more than 94% support.
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.