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Wingstop’s CEO took a small pay cut in 2020

Charlie Morrison’s $6 million pay package included $2 million in bonuses, thanks to the wing chain’s strong pandemic performance.
Photo courtesy of Wingstop

Wingstop CEO Charlie Morrison made just over $6 million in 2020, including a $2 million performance bonus, according to federal finance documents filed late last week.

Morrison’s total compensation last year was about $462,000 less than he made in 2019, according to the Securities and Exchange Commission filing.

Wingstop’s double-digit growth during the pandemic translated to a bonus that was 250% of Morrison’s base salary of $800,000 last year.

Morrison made slightly more, $6.46 million in 2019. In 2018, he earned $4.89 million.

His 2020 compensation was 329 times that of the median employee’s salary of $18,275.

In 2020, Wingstop became one of the country’s fastest growing chains with systemwide sales of $1.8 billion, an increase of 31% over the previous year. The fast casual increased its restaurant count 11% over 2019 to 1,538 global units. Wingstop has seen 17 straight years of same-store sales growth.

CFO Michael Skipworth earned just over $2 million in 2020, up significantly from his $1.19 million in total compensation in 2019. Chief Technology Officer Stacy Peterson made $1.47 million last year, up a bit from the $1.35 million earned the year before. COO Mahesh Sadarangani earned $1.29 million in 2020 and Chief Development Officer Madison Jobe made $1.13 million, according to the filing, up from $853,921 in 2019.

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