Stanley Furniture Co. cut the salary and pay of two executives and the board of directors by 25 percent for 2017.

President and CEO Glenn Prillaman will now earn $191,250 per year, according to a filing with the Securities and Exchange Commission Friday afternoon.

Additionally, Anita W. Wimmer, the company’s principal financial officer, will now earn $112,500 per year. The board members will earn a yearly salary of $22,500, and the chairman of the board will earn $26,250.

These changes come a month after Stanley Furniture released its quarterly earnings, which have been down over the last three quarters by 126.8 percent to a loss of $2.08 million.

The company’s stock price has decled for more than a decade. Prillaman took office in February 2010, according to Bloomberg, and by March, the stock reached about $10. One month later, the stock traded at about $5. By December of that year, the price finally bottomed out at around $3 per share.

Now six years later, the stock price declines slower. Friday, it closed at 90 cents, up 1 cent from the day before.