Dan Hanrahan, Regis Corp. former president, CEO
Total compensation: $15,288,033 for the year ended June 30, 2017
Nonequity incentive pay: $0
Other compensation: $9,406,633
Value realized on vesting shares: $5,183,150
Total fiscal 2017 shareholder return: -17.5 percent
Note: Also of note, Hanrahan’s replacement, Hugh Sawyer, became CEO in April and received a $585,000 sign-on bonus and 1 million new stock options. He will receive an annual base salary of $950,000 (compared with Hanrahan’s $850,000).
Hanrahan joined Regis in August 2012 from Miami-based cruise and resort company Celebrity Cruises after activist investors sought changes in leadership and better performance. Nearly five years later he was terminated after the company continued to lose sales each year and only once reported an annual profit during his tenure.
Besides his salary (prorated since it was not the end of the fiscal year), Hanrahan received $9.3 million in severance payments, including two years worth of his annual salary ($1.7 million) and $7.6 million worth of accelerated long-term equity awards.
Those accelerated equity awards included grants made to Hanrahan in January 2015 that were meant to retain him through the five-year period of that award.