Sponsors
Billabong ▼ -0.020 | PPR ▼ -0.80 | American Apparel ▼ 0.000 | The Buckle ▲ +0.10 | Columbia ▲ +1.79 | Deckers Outdoor ▲ +0.23 | Dicks ▼ -0.05 | Foot Locker ▲ +0.55 | Genesco ▲ +0.34 | Iconix Brand Group ▲ +0.45 | Jarden Corp ▲ +0.94 | Nordstrom ▲ +0.59 | Luxottica ▲ +0.97 | Nike ▲ +0.55 | Pacific Sunwear ▲ +0.08 | Skullcandy ▼ -0.04 | Sport Chalet - 0 | Urban Outfitters ▲ +0.01 | VF Corp ▲ +0.48 | Quiksilver ▼ -0.35 | Zumiez ▲ +0.36 | Macys ▲ +0.39 | Tillys ▼ -0.19 |
Ticker Sponsor
Professional Services
Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

More Professional Services...
Readers Say
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Quiksilver executives take pay cut

By Tiffany Montgomery
January 20, 2009 1:54 PM

The Quiksilver board of directors approved a pay cut for top company executives last week, according to a filing this afternoon with the Securities and Exchange Commission.

Here's the text of the filing.

"On January 16, 2009, the Compensation Committee of the Board of Directors of Quiksilver, Inc., in connection with the Company's efforts to reduce costs and expenses, approved a 5% reduction in the annual base salaries (effective as of February 1, 2009) of certain of the Company's executive officers. As a result of this reduction, the annual base salaries of Robert B. McKnight, Jr., the Company's Chief Executive Officer and President, Charles S. Exon, the Company's Chief Administrative Officer, Secretary and General Counsel, and Pierre Agnes, the Company's President of Quiksilver Europe, will be $903,000, $404,000, $404,000, respectively.

"This current salary reduction is in addition to other salary reductions applicable to the Company's executive officers which were implemented in February 2008. After giving effect to both salary reductions, the base salaries of Mr. McKnight, Mr. Exon and Joseph Scirocco, the Company's Chief Financial Officer, have been reduced, in the aggregate, by approximately 16%, 10% and 8%, respectively."

In February 2008, the board rescinded pay raises it had approved a few weeks earlier. See the related links on the left. 

 

 

Airfare.com - Flights, hotels and more!

 


Articles You Might Have Missed