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Daniel K. Frierson

Chairman of the Board and Chief Executive Officer at DIXIE GROUP
Board
Since 1980
Age
82 years
Tenure
Joined DXYN in 1973, served as Chief Executive Officer since 1980 and as Chairman of the Board since 1987.

Also at DIXIE GROUP

ALD
Allen L. Danzey
Chief Financial Officer
DKFJ
D. Kennedy Frierson, Jr.
Vice President and Chief Operating Officer
WDD
W. Derek Davis
Vice President, Human Resources and Corporate Secretary

About

Daniel K. Frierson has played a pivotal role at DXYN over several decades. His career at the company began in 1973 when he joined as a Director, a role that laid the foundation for his deep commitment and leadership within the organization.

Taking on the position of Chief Executive Officer in 1980, he guided the company through significant growth and transformation, establishing DXYN as a prominent manufacturer in the residential floorcovering industry.

In 1987, his leadership evolved further when he was named Chairman of the Board, a position that has allowed him to shape the company's strategic direction and foster innovation. His ongoing involvement in additional industry roles, including serving as a past Chairman of The Carpet and Rug Institute and holding directorships at other companies, underscores his influential presence in the broader business community.

$DXYN Performance Under Daniel K. Frierson

Past Roles

Organization Role Date Range Details
The Dixie Group, Inc. (DXYN) Director 1973 - 1980 Held prior to his subsequent roles as CEO (since 1980) and Chairman (appointed in 1987)

External Roles

Organization Role Date Range Details
Printpack, Inc. Director Current World-leading flexible packaging company headquartered in Atlanta, Georgia
Printpack, Inc. Chairman of Printpack's Compensation Committee Current N/A

Fixed Compensation

Data from  FY 2023
Component NameAmount ($)Payment ScheduleAdditional Details
Base Salary625,000 Annually (2023)Fixed annual salary
Registrant Contributions to Defined Contribution Plans3,050 As accrued in 2023Contributed to defined contribution plans
Insurance Premiums2,000 As accrued in 2023Included in All Other Compensation
Other0 N/ANo additional benefits provided

Performance Compensation

Data from  FY 2023

Cash Incentive Award

MetricValueDetails
Award Amount$505,502 Cash incentive award for 2023
Performance MetricsN/A Financial & non-financial and individual goals; specific thresholds/targets not disclosed
Vesting ScheduleQ1 2024 Award paid in the first quarter of 2024 subject to continued employment

Long Term Incentive Share Awards

MetricValueDetails
Shares Granted101,745 Long Term Incentive Share Awards for 2023
Vesting Schedule3 Years Vest over three years, subject to performance conditions and continued employment
Performance MetricsN/A Linked to financial & non-financial goals; specific targets not disclosed

Career Share Awards

MetricValueDetails
Shares Granted25,000 Career Share Awards for 2023
Vesting ScheduleVaries For participants over 60: full vest upon qualification to retire after a 2-year holding; for under 60: vest ratably over 5 years starting on the 61st birthday
Performance MetricsProfitability Condition Contingent on achieving a profitable level of Operating Income from Continuing Operations (adjusted)

Option Awards

MetricValueDetails
Options Granted60,000 Option Awards for 2023
Vesting Schedule2 Years Vest on May 25, 2025, subject to market conditions
Performance Threshold$3.00 per share Average high & low stock price must reach at least $3.00 per share over any 5 consecutive trading days
Exercise Price$1.00 Set at the grant date
Grant DateMay 25, 2023
Term5 Years Expires on May 25, 2028
Fair Value AssumptionsVolatility: 97.96%, Risk-free: 3.80% Determined using a lattice model