CEO Pay Watch: Claude Jordan of Arctic Cat, $3.1 million

Total compensation: $3,111,328 for the year ended March 31

Salary: $540,669

Other compensation: $20,934

Exercised stock options: $2,028,929

Value realized on vesting shares: $520,796

Total shareholder return: –22.9 percent

Note: Arctic Cat spent more than $1.2 million in salary for three CEOs during its last fiscal year.

Jordan's salary worked out to $540,669, Twomey's was $481,779 and Metz's was $202,362.

Jordan took home the most in overall compensation, $3.1 million, in Arctic Cat's fiscal year ended March 31, mainly from remaining options he exercised as he left. That was nearly 70 percent less than the $10 million he took home the previous fiscal year.

None of the CEOs earned a bonus for the year as Plymouth-based Arctic Cat struggled through economic challenges, foreign currency struggles, price incentive programs to help dealers reduce inventories and leadership transition costs.

Arctic Cat's annual revenue fell 4.3 percent to $698.8 million, while net income sank to $4.9 million, from $39.4 million the previous year. Arctic Cat failed to reach the minimum target in each category.

Patrick Kennedy