West Marine CEO Retention Bonus Revealed

Court documents say Paulee Day received $425,000 May 1, 16 days before the company filed for Chapter 11 bankruptcy protection

By Gary Reich

June 11, 2026

Trade Only Today yesterday reported that West Marine CEO Paulee Day was paid a retention bonus days before the company filed for bankruptcy.

According to court documents, Day was paid a retention bonus of $425,000 May 1, 16 days before the retailer filed for Chapter 11 bankruptcy protection in United States Bankruptcy Court for the District of Delaware.

Additionally, Day was paid a $475,000 retention bonus May 21, 2025, and another for $237,500 June 30, 2025. As reported yesterday, former West Marine CEO Chuck Rubin received a $1.2 million bonus June 9, 2025.