RadioShack CEO bonus, option awards jump in 2009
NEW YORK (Reuters) - RadioShack Corp (RSH.N) Chief Executive Officer Julian Day received total compensation of nearly $8.1 million last year, up 47.6 percent from 2008 due to sharp increases in his incentive bonus and stock option awards, according to a regulatory filing on Friday.
Day, who became CEO of the electronics retailer in 2006, earned a base salary of slightly more than $1 million last year, in line with his salary in 2008 and 2007, according to a proxy statement filed with the U.S. Securities and Exchange Commission.
But Day's option awards jumped to about $5 million from $3.2 million, while his incentive bonus rose to $2 million from $1.2 million, according to the filing.
The Fort Worth, Texas-based retailer's revenues rose 1.2 percent to $4.28 billion in 2009, and its net income increased 8.2 percent to $205 million.
The company has scheduled its annual meeting to take place May 24 in Santa Monica, California.
(Reporting by Phil Wahba; Editing by Lisa Von Ahn)
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