The new chief executive officer of Unifi Manufacturing Inc. received $2.38 million in total compensation for fiscal 2017, according to a filing with the Securities and Exchange Commission.
CEO Kevin D. Hall received a salary of $775,000. The total compensation figure also included a stock bonus valued over $2 million.
Hall started his position as CEO on May 4, 2017, and previously worked with companies like Procter & Gamble, Hanesbrands and Fidelity Investments. He also serves on the advisory board for a North Carolina-based technology and analytics company, Inmar.
Unifi also reported compensation figures for two other executives — Chief Financial Officer Sean D. Goodman and Chief Operating Officer Thomas H. Caudle Jr.
Goodman received a total compensation of $1.3 million, which grew by 80 percent. Caudle received a total compensation of $3.8 million, which grew 300 percent or $2.9 million from his total compensation in 2016.
The company’s annual meeting of shareholders will be held at the Lotte New York Palace on Oct. 25, 2017 in New York City.
Unifi is a textile company that produces multi-filament polyester and nylon textured yarns and raw materials.
The shares closed at $32.85 on Tuesday, up 40 cents, or 2.4 percent.
The complete SEC filing can be found here.