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Hollywood Bowl Group boss Stephen Burns enjoys 150% pay jump, new documents show
- Nearly half of shareholders rebelled against the company’s remuneration report in 2021
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Hollywood Bowl Group has increased its CEO’s salary by more than 150 percent, new documents show.
Stephen Burns was paid £1.14 million, including a bonus of £412,300 and base salary of £412,000.
His package was complemented by further financial benefits and a share price worth £263,000.
Bonus: Hollywood Bowl Group boss Stephen Burns is rich
Investors will vote at the company’s annual meeting later this month on whether to approve the price.
Nearly 50 per cent of shareholders rioted at the company’s 2021 remuneration report after Burns was paid £623,000.
Hollywood Bowl, with 63 UK venues, received £8.3 million in leave last year. But it has recovered since lockdown restrictions eased.
The listed company recently reported a profit of £37.5 million on a turnover of £193.7 million. It also handed over £600,000 to workers in living expenses payments.
Hollywood gut shares rose 4.6 percent in 2022. Hollywood Bowl was contacted for comment.