CEO Pay Watch: Claude Jordan, Arctic Cat

Updated: June 22, 2012 - 7:34 PM

Claude Jordan

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CEO PAY WATCH ARCTIC CAT INC. Claude Jordan, president and CEO

Total compensation: $2,065,524 for the year ended March 31

Salary: $530,735

Non-equity incentive pay: $660,000

Other compensation: $10,611

Exercised stock options: $771,640

Value realized on vesting shares: $92,538

New stock options: 83,228

Total fiscal 2012 return to shareholders: 175.5 percent

Note: Jordan succeeded Christopher Twomey as CEO of Arctic Cat on Jan. 1, 2011, and has been with the company since August 2008.

Jordan's annual incentive pay is based 30 percent on total revenue and 70 percent on net income. With annual sales of $585 million and net income of $29.9 million the company exceeded the maximum incentive target for executives.

For executives to earn the targeted bonus for next year, Arctic Cat will have to increase sales by 11.3 percent and net income by 17 percent over fiscal 2012.

Effective in June, Jordan's annual salary rate increased to $625,000 per year from $550,000.

One of the perks of being an executive at Arctic Cat is the use of one ATV or ROV (recreational off-road vehicle) and two snowmobiles per year. The vehicles are returned each year and resold. Executives get this perk because the board "believes that knowledge of and familiarity with our products is an important aspect of the executive officers' jobs."

PATRICK KENNEDY