Longtime stakeholders by the retail fashion marketer that been refined into Kate Spade KATE are almost always feeling sandbagged since the stock peaked at about $47 in 2007.
Explains to you of the company formerly known as Fifth tip and Pacific stalled out in 2014 – essentially ending where people began the year at about $32.
Still , company executives, both past and thus present, managed to bag some grand gains.
William McComb, CEO within Kate Spade parent Fifth dan Pacific companies until he was returned to its previous spot by Craig Leavitt two months in accordance with 2014, received compensation valued by visiting $26. 2 million, according to the company's annual proxy, filed Thursday. Which includes a $1 million bonus, $18. 1 huge number of stock award, $6. 5 huge number of in severance pay and picks ranging from $3, 200 for debt relief counseling and $3, 550 to clothing allowances to $11, a couple of for a New York City apartment rental.
Some sort of kicker? McComb gained another $78. 4 million exercising previously honored stock options.
Kate Spade directors also known as McComb's role in transitioning Leavitt to the corner office as "extraordinary work. "
Leavitt didn't offer too badly, either, receiving fee valued at nearly $26. associated with million, including a stock award well worth $20. 7 million. Chief Original Officer Deborah Lloyd, meanwhile, recognized compensation worth almost $25 huge number of, including stock valued at $18. 1 million.
Spade said $9 million of the stock issued inside both Leavitt and Lloyd had been special, one-time "staking grants" associated with the company's stock price relying on three and five-year performance time periods.
Before rebranding as Kate Spade last year, Fifth and Pacific have been known as Liz Claiborne. McComb, PRESIDENT since 2006, jettisoned several underperforming brands, including Liz Claiborne, Privileged and Juicy Couture sale.
Kate Spade was founded by handbag designer Kate Brosnahan Spade in 1993 and thus opened its first store to 1996.
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