It pays to work out, though it pays even better to sell workout equipment.
Vancouver-based Nautilus Inc. paid CEO Bruce Cazenave $1.4 million last year, according to a recent Securities and Exchange Commission filing. That includes stock awards and bonuses on top of Cazenave’s $430,000 salary.
The disclosure comes as part of the company’s announcement of its annual shareholders meeting on May 4. There, investors will elect the board of directors and ratify the appointment of Deloitte & Touche LLP as Nautilus’ independent accounting firm, among other things. Only the existing board members were nominated for the six investor-elected positions.
Cazenave joined Nautilus in 2011 to guide the company after a remarkable turnaround following years of losses.
Total compensation for other top executives include nearly $600,000 for Chief Financial Officer Sidharth Nayar and $770,000 for Chief Operating Officer Bill McMahon.
Last year Nautilus, which owns the Bowflex, Schwinn and Universal brands, had $336 million in sales.
It recently purchased Minneapolis-based Octane Fitness for $115 million and opened its own store and innovation center in east Vancouver.
Trading as NLS, Nautilus closed up 2 percent at $18.43 per share Wednesday.