Wet Seal CEO’s Compensation Package Up 26%

Wet Seal Inc. Chief Executive Kathy Bronstein saw her 1997 compensation rise 26%, to $2.01 million, the company disclosed Friday in its annual proxy statement filed with the Securities and Exchange Commission. Bronstein’s salary rose 7.7%, to $682,418 and her bonus, 38%, to $1.27 million. She also received $59,982 worth of Wet Seal stock. Bronstein’s larger pay package follows the best year ever for the Foothill Ranch retailer of young women’s apparel. Annual profits rose 39% to a record $21.2 million, and the company’s stock price surged 42% in the fiscal year ended Jan. 31.