CEO Pay Watch: Regis' Dan Hanrahan made $2.6 million last fiscal year

Note: Dan Hanrahan took home about $405,000 less than the year before, mainly because his annual incentive bonus, while exceeding targets for the year, was about 25 percent less than in fiscal 2015.

Based on shareholder feedback, the company instituted a number of design changes to the executive compensation program for fiscal 2017, including increasing the performance period from one year to three on performance share units. It also established separate goals for short-term and long-term awards, changed the company's peer group makeup and added more disclosure on the adjustments made for compensation purposes on earnings and capital spending goals.