Sonic Automotive Inc., one of the country’s largest automotive retailers, reported executive compensation Friday evening and announced the agenda for its annual shareholders meeting.
Chairman O. Bruton Smith’s total compensation rose 8.15 percent to $4.83 million while CEO B. Scott Smith’s total compensation rose 9.12 percent to $4.20 million, according to the proxy statement filed with the Securities and Exchange Commission.
All executives received salary raises by 2.84 percent and stock awards raises 25.8 percent. Bruton Smith received a salary increase to $1.26 million and an increase in stock awards to $1.52 million. Scott Smith, the chief executive officer, saw his salary rise to $1.09 million and stock awards increase to $1.31 million.
All executives saw no change to their non-equity incentive plan, Bruton Smith’s compensation remaining at $1.91 million and Scott Smith’s remaining $1.65 million. No bonuses were reported.
Earlier this week, Sonic exceeded analyst expectations with its 2016 fourth quarter and yearly financial performance, released on Tuesday. It’s earned $38 million in net income, or 84 cents per share.
Despite the company’s unexpected financial results, the company’s stock price returned to pre-earnings release levels after several days. Friday, the share price closed at $22.60 with no change from the day before.
One week prior, the day before the company released its earnings, the stock traded for $23.75 at closing, a 4.84 percent difference.
Sonic will hold its annual meeting on April 18 at the Charlotte headquarters. It has seven proposals on the agenda.

