Conn’s Executives Secure New Compensation and Severance Deals

Conn’s (CONN) has released an update.

Norman L. Miller, CEO and President of Conn’s, Inc., has secured an offer letter and severance agreement detailing his $1 million base salary, potential for up to 200% annual bonuses, and long-term incentive plans with stock options. Additionally, a robust severance package protects him in various termination scenarios, including a substantial payout in the event of a company change of control. Meanwhile, Timothy Santo steps up as the new CFO, with a salary bump to $475,000 and eligibility for similar long-term incentives, emphasizing Conn’s commitment to strong leadership compensation tied to company performance.

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