Cato Corp.’s chief executive officer saw a 33 percent decrease in total compensation in the company’s 2016 fiscal year, according to a filing with the Securities and Exchange Commission.

John P.D. Cato received a total compensation of $3.1 million, a 33 percent decrease from $4.6 million in 2015. Cato’s base salary decreased to $1.2 million from $1.7 million in the 2015 fiscal year.

Cato was awarded $1.6 million in stock awards in 2016, a slight increase from $1.58 million in the 2015 fiscal year. He received no non-equity incentive plan compensation in 2016 after receiving $1.6 million in 2015.

Cato Corp., a Southeastern retailer of value-based apparel and accessories, reported sales for the 2016 fiscal year of $947.4 million, a 5 percent decrease from 2015 fiscal year sales of $1 billion.

The 2016 fiscal fourth quarter reported a net loss of $12.8 million, a loss of 48 cents per share, compared to a net income of $11.8 million, or 42 cents per share, in the fourth quarter of the 2015 fiscal year.

Cato has released sales numbers for the five weeks ended April 1, 2017 of $93.2 million, a 22 percent decrease from $118.8 million the same period last fiscal year. Cato same-store sales decreased by 21 percent in March.

The company has opened two stores and relocated one, now operating a total of 1,373 stores in 33 states.

Cato Corp.’s annual meeting will be held Friday, May 19, at 11 a.m., at its corporate headquarters, located at 8100 Denmark Road, in Charlotte.

The company’s stock price closed Monday at $20.89, and has increased 1.51 percent from the previous close.