Published on 9 May 2024 on Simply Wall St. via Yahoo Finance

Shareholders May Be More Conservative With HNI Corporation's (NYSE:HNI) CEO Compensation For Now

Key Insights

HNI will host its Annual General Meeting on 16th of MaySalary of US$1.03m is part of CEO Jeff Lorenger's total remunerationThe total compensation is 56% higher than the average for the industryHNI's total shareholder return over the past three years was 16% while its EPS was down 9.9% over the past three years

Despite positive share price growth of 16% for HNI Corporation (NYSE:HNI) over the last few years, earnings growth has been disappointing, which suggests something is amiss. The upcoming AGM on 16th of May may be an opportunity for shareholders to bring up any concerns they may have for the board’s attention. It would also be an opportunity for them to influence management through exercising their voting power on company resolutions, including CEO and executive remuneration, which could impact on firm performance in the future. From what we gathered, we think shareholders should be wary of raising CEO compensation until the company shows some marked improvement.