AutoNation Inc., the largest U.S. dealership group, slightly increased pay packages for its top two executives in 2012.
CEO Mike Jackson received total compensation of $6.6 million, up from $6.4 million in 2011. Jackson's salary of $1.2 million was unchanged. His bonus was $2.1 million, up from $1.5 million the prior year. The value of stock option awards to Jackson dropped from $3.6 million in 2011 to $3.2 million in 2012.
COO Michael Maroone received total compensation of $5.1 million, up from $5 million in 2011. Maroone's salary of $1 million was unchanged. His bonus was $1.3 million, up from $982,200. The value of stock option awards to Maroone was $2.5 million, down from $2.9 million in 2011.
The 2012 compensation packages, which also include items such as aircraft and vehicle allowances, were disclosed in AutoNation's proxy statement released today. Jackson received $179,752 and Maroone received $240,095 in such additional compensation.