| Small & micro cap project / Activism insight

CEOs who took a base salary cut during the current coronavirus pandemic

by | Apr 9, 2020

We have compiled the list of all CEOs who agreed to reduce their base salary from March 1st 2020.

As per our research, BlueLinx Holdings Inc. is the first company with a market cap of less than $2 billion* to announce the voluntary reduction of base salary of its CEO amidst Covid-19 crisis. On March 23, 2019, BlueLinx Holdings’ CEO announced that he would be voluntarily reducing his annual base salary of $850,000 to a monthly salary of $1 for a period of six months, beginning April 1, 2020. 

Kudos to accountability!

There is an exception – Heritage Commerce Corp.

Even though the bank’s stock price crashed by over 35% in the past month, the company’s board increased the base salary of its CEO by 10%.

Here is the list of CEOs who took a pay cut (till April 2 2020)

Company Name

Ticker

Base salary cut

Mcap ($, mm)

Revenue ($,mm)

BlueLinx Holdings, Inc.

BXC

$1

52

613

Pebblebrook Hotel Trust

PEB

100%

1300

392

Liquidity Services, Inc.

LQDT

100%

131

50

Accelerate Diagnostics, Inc.

AXDX

100%

477

3

Dick’s Sporting Goods, Inc.

DKS

100%

1820

2609

Aegion Corp.

AEGN

100%

486

310

Redfin Corp.

RDFN

100%

1750

233

Genesco, Inc.

GCO

100%

197

678

Scientific Games Corp.

SGMS

100%

835

863

Hanger, Inc.

HNGR

100%

583

301

Playa Hotels & Resorts NV

PLYA

100%

209

144

iHeartMedia, Inc.

IHRT

100%

360

1026

PEDEVCO Corp.

PED

99%

62

4

Realogy Holdings Corp.

RLGY

90%

393

1330

Ondas Holdings, Inc.

ONDS

90%

119

0

Guess?, Inc.

GES

70%

444

842

Meritor, Inc.

MTOR

60%

1120

901

Ryman Hospitality Properties, Inc.

RHP

50%

1760

447

Pluristem Therapeutics, Inc.

PSTI

50%

58

0

Viad Corp.

VVI

50%

402

321

Group 1 Automotive, Inc.

GPI

50%

942

3111

Tailored Brands, Inc.

TLRD

50%

72

691

Lands’ End, Inc.

LE

50%

200

549

Houghton Mifflin Harcourt Co.

HMHC

50%

261

241

Trinseo SA

TSE

50%

731

889

EVO Payments, Inc.

EVOP

50%

1260

129

Canterbury Park Holding Corp.

CPHC

50%

49

13

Chico’s FAS, Inc.

CHS

50%

137

527

Bassett Furniture Industries, Inc.

BSET

50%

49

112

The Container Store Group, Inc.

TCS

45%

118

229

U.S. Physical Therapy, Inc.

USPH

40%

894

122

Briggs & Stratton Corp.

BGG

40%

81

438

Cardtronics plc

CATM

40%

715

339

SunPower Corp.

SPWR

30%

1120

603

Clear Channel Outdoor Holdings, Inc.

CCO

30%

299

745

Cardiovascular Systems, Inc.

CSII

30%

1250

68

Bed Bath & Beyond, Inc.

BBBY

30%

452

2759

Dycom Industries, Inc.

DY

29%

832

738

Six Flags Entertainment Corp.

SIX

25%

1060

261

Penn National Gaming, Inc.

PENN

25%

1360

1341

JELD-WEN Holding, Inc.

JELD

25%

859

1069

Barnes & Noble Education, Inc.

BNED

25%

58

502

Silk Road Medical, Inc.

SILK

25%

931

19

Cohu, Inc.

COHU

20%

543

142

TrueCar, Inc.

TRUE

20%

252

354

Deluxe Corp.

DLX

20%

1110

522

Invacare Corp.

IVC

20%

244

233

Cheesecake Factory, Inc.

CAKE

20%

727

694

Kaman Corp.

KAMN

20%

957

238

Stein Mart, Inc.

SMRT

20%

22

340

The Lovesac Co.

LOVE

20%

66

52

NCS Multistage Holdings, Inc.

NCSM

20%

26

52

Farmer Brothers Co.

FARM

15%

121

152

GP Strategies Corp.

GPX

15%

104

155

Daktronics, Inc.

DAKT

15%

199

128

Bonanza Creek Energy, Inc.

BCEI

12.50%

189

80

TransAct Technologies, Inc.

TACT

10%

30

11

Nabors Industries Ltd.

NBR

10%

176

714

UTG, Inc.

UTGN

10%

108

0

SI-BONE, Inc.

SIBN

10%

351

20

EVO Transportation & Energy Services, Inc.

EVOA

10%

85

28

 *we researched companies that have a market capitalization between $20 million and $2 billion.

 

 

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