Jos. A. Bank CEO Black earned $2.9 million last year

Compensation stayed about the same as in 2012

May 09, 2014|By Lorraine Mirabella, The Baltimore Sun

Jos. A. Bank Clothiers Inc. said its CEO and president, R. Neal Black, earned $2.92 million last year, up slightly from 2012.

Black's compensation included $791,275 in salary and $2 million in stock awards. Bank's top executive also earned another $126,000 through a change in pension value and other compensation, the men's apparel retailer reported Friday in an amendment to its annual report. Black earned $2.9 million in 2012.

In March, the Hampstead-based store chain agreed to a $1.8 billion merger with larger rival Men's Wearhouse.

Houston-based Wearhouse has extended its $65 per share all-cash tender offer for Bank to May 21. The offer had previously been set to expire Wednesday. As of Wednesday, the holders of about 22 million shares of Bank common stock -- out of a total 28 million -- had tendered their shares, Men's Wearhouse said.

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