A tough year for AGF Management Ltd. last year translated into slightly softer pay for its executives, according to the firm’s annual filing with securities regulators.

The filing shows that top executives’ salaries were frozen, bonuses decreased, and no options were awarded. For example, CEO Blake Goldring saw his salary kept at $480,000; his bonus was trimmed from $513,000 the previous year to $434,000; and, he received no options, down from 210,000 the previous year.

Salaries were also frozen and bonuses reduced for vice chairman, Robert Farquharson; EVP and portfolio manager, Clive Coombs; and, Robert Smuk, president and CEO of Unisen Inc. AGF’s CFO, William Cameron, was the only top executive to see a bonus increase, up to $160,000 from $132,000.

The company saw its share price rise about 18% over its fiscal year ended November 30. However, the TSX Financial Services index jumped 24.5% over the same period.

AGF annual filing
http://www.sedar.com/csfsprod/data43/filings/00619629/00000001/C%3A%5CSEDAR%5CFILINGS%5CAGFMGMT%5C2003%5CQ4%5Cform28.pdf