M. Carl Johnson III, who took over as Nautilus Inc. interim CEO on March 2, will be paid a prorated $500,000 this year, according to a filing made public Tuesday. Johnson, who continues to serve as board chairman for the Vancouver-based exercise equipment brand, was given 10,000 shares of stock, vested after a year’s service, and other incentives.
Johnson, a veteran consumer brands executive who joined the Nautilus board in 2010, replaced former CEO Bruce Cazenave, who left the company in February to become president and CEO of direct-to-consumer retailer Bluestem Group Inc. Cazenave was paid $450,000 in salary, $496,462 in stock awards plus other compensation for total pay of $955,737 in 2017, the most recent year available.
