Thomas K. Corrick, the CEO of Boise Cascade Company, has a solid academic background with both a Bachelor's and a Master's degree in business administration from Texas Christian University. Under his leadership since March 2015, Corrick has guided Boise Cascade...

Number of Employees

7.31K

Year

2020

Total Compensation

$3.13M

Salary

$242.31K

Board Justification

The compensation philosophy is designed to attract, retain, and incentivize management talent essential to achieving the Company's strategic objectives, with a focus on total compensation that is performance-based and aligned with shareholder interests.

Bonus

$490.67K

Board Justification

The bonus is based on the Short Term Incentive Plan (STIP) for the year of termination, pro-rated to reflect the portion of the year expired, and all other compensation to which he is then entitled.

Other

$92.10K

Board Justification

This includes company contributions to savings plans and the company-paid portion of executive officer life insurance.

Restricted Stock

$2.30M(64.87K RSU)

Board Justification

The stock awards that vested in 2020 include 64,874 shares of RSUs, which were granted in prior years and vested on March 1, 2021.

Performance Metrics

The performance metrics for the STIP were based on corporate EBITDA and other financial measures.

SEC Filing

From March 26, 2021