Nordstrom Inc. (JWN) disclosed in a regulatory filing that its Compensation Committee of the Board approved performance-based bonus for 2009 for Named Executive Officers or NEOs, and also certain changes relative to base salary.
The Seattle, Washington-based fashion specialty retailer stated that it has awarded 2009 bonus of $1.16 million for its President Blake Nordstrom, $1.07 million each for Peter Nordstrom, its EVP and President — Merchandising and Erik Nordstrom, its EVP and President — Stores. 2010 base salaries for Blake, Peter, and Erik Nordstrom remain at $700,000, $650,000, and $650,000, respectively.
Nordstrom also awarded 2009 bonus of $636,941 for Michael Koppel, its EVP and Chief Financial Officer, and $557,323 for Daniel Little, its EVP and Chief Administrative Officer. 2010 base compensation of $530,000 for Koppel and $460,000 for Little, reflect increases of $50,000 and $40,000, respectively, from base salaries in the prior year.
Nordstrom stated that the Committee awarded stock option grants to its five NEOs, effective February 26. The Committee also established bonus goals, performance levels and award levels that may be earned during fiscal year 2010.
For comments and feedback contact: editorial@rttnews.com
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.