Hanesbrands CEO Evans Sees 7.8% Decrease in 2018 Compensation

3/12/19

By Chris Roush, NC BIZ News

The chief executive officer of Hanesbrands Inc. saw an 7.8 percent decline in his total compensation in 2018 despite a strong performance by the Winston-Salem company, according to a filing Monday with the Securities and Exchange Commission.

Gerald W. Evans Jr.’s total compensation was $8.83 million for the year, down from $9.58 million in 2017.

While his base salary remained the same at $1.1 million in 2018, and his stock awards were essentially unchanged at $6.25 million, Evans’ nonequity incentive plan compensation declined to $1.3 million from $1.89 million in 2017.

Evans also received $179,551 in other compensation, which covered payments of life insurance and long-term disability insurance premiums, among other items.

Evans has been CEO since 2016 and was chief operating officer from 2011 to 2016.

Chief Financial Office Barry Hytenan received total compensation of $2.68 million, down slightly from total compensation of $2.75 million in 2017. He joined the company in 2017.

The company reported revenue of $6.8 billion in 2018, up from $6.47 billion. Net income was $553 million, up from net income of $61.9 million in 2017.

Its in the United States include Hanes, Champion, Playtex and Bali.

The company’s annual meeting will be held on April 23 at 2:15 p.m. at its headquarters in Winston-Salem.

Hanesbrands stock closed Monday at $17.89, down 40 cents.