Sundar PichaiSundar Pichai earned $164M in 2023
H

Clarence H. Smith

Ex-CEO of Haverty Furniture Companies, Inc.

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

June 15, 1954 - 70 years ago

Tenure

16 years 11 months (Jan 2008 - Dec 2024)

Previous Experience

Various leadership roles within Havertys

Clarence H. Smith has been the CEO of Haverty Furniture Companies, Inc. since 2003, playing a key role in steering the company through various market challenges. With a strong educational background, he holds a Bachelor's degree in business administration. Over...

Year

2023

Total Compensation

$1.50M

Salary

$760.00K

Board Justification

The compensation philosophy aims to attract and retain talented executives by aligning their compensation with company performance, peer benchmarking, and retention strategies.

Bonus

$670.75K

Board Justification

The total annual cash incentive award earned under the MIP-I and MIP-II plans, with MIP-I based on company performance and MIP-II based on individual performance, resulting in a total payout of 88.3% of target for 2023.

Other

$66.71K

Board Justification

Includes 401(k) plan match, contributions to the deferred compensation plan, and other compensation such as insurance premiums and health examinations.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the performance-based restricted stock units (PRSUs) will cliff vest in February 2026 based on performance metrics achieved in 2023.

Performance Metrics

The performance metrics for 2023 included pre-tax income and adjusted EBITDA, which directly influenced the cash incentive payouts.