Jos. A. Bank CEO earned $4 million last year
R. Neal Black's compensation rose by about $13,000
Jason Bruns, left, of Baltimore asks the advice of Bob Morrison, right, about ties at the Jos. A. Bank store on Pratt Street. Morrison is the manager of the shirts and ties department at the store. (Baltimore Sun photo by Barbara Haddock Taylor / June 27, 2011)
Black's earnings were about the same as the previous year, with an increase of nearly $13,000, the men's apparel retailer disclosed.
Black's annual earnings included a base salary of $783,138, nearly $2 million in stock awards and $1.2 million in cash incentive compensation – the maximum that could have been earned under the program, the company said in documents filed with the Securities and Exchange Commission.
In fiscal 2011, the retailer saw a 7.6 percent increase in sales at stores open at least a year. Profits rose 13.6 percent to $97.5 million, on sales of $979.9 million for the year.