Korn Ferry (NYSE: KFY) is extending the 50% cut in base pay for top executives until Dec. 31, the company reported in a filing on Friday with the US Securities and Exchange Commission.
The pay reduction took effect May and was originally scheduled to end Aug. 31. The company extended the reduction as Covid-19 continues to impact the economy.
Korn Ferry’s cut affects four top executives: Gary Burnison, CEO; Robert Rozek, CFO; Byrne Mulrooney, CEO, Korn Ferry RPO, professional search and products; and Mark Arian, CEO, Korn Ferry Consulting.