CarMax's Folliard made $7.2M in fiscal 2013

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Associated Press

Posted on April 17, 2013 at 12:01 PM

RICHMOND, Va. (AP) — CarMax CEO Tom Folliard received a pay package valued at nearly $7.2 million for fiscal 2013, about 17 percent more than the previous year.

That's according to an Associated Press analysis of a regulatory filing from the used car dealership chain.

Folliard's salary rose 5 percent to $1.09 million, the value of his stock options and stock awards grew 19 percent to $4.6 million, and he received a $1.2 million performance-based bonus. He also received other compensation worth $283,140, including use of the company plane and a personal car allowance.

CarMax, based in Richmond, Va., saw its net income rise 5 percent and its revenue nearly 10 percent during fiscal 2013.

The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.

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