Thor industries' ceo reduces base salary to zero, foregoes qtrly bonus

Thor industries' ceo reduces base salary to zero and foregoes quarterly bonus; remaining neos and board of directors significantly reduce compensation until further notice.thor industries inc - co, subsidiaries have furloughed a number of team members in many areas.thor industries inc - other, neos and other key executives will be taking at least a 40% reduction in base salary.thor industries inc - many employees have seen a reduction in cash compensation.thor industries - does not expect it will be paying cash bonuses until further notice, which it believes will be likely through end of its fiscal year.thor industries inc - currently have significant cash on hand.thor industries inc - have recently drawn down $250 million on our asset-backed line of credit.thor industries inc - expect to return to growth after pandemic has passed.
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