Global executive search and organizational consulting firm Korn Ferry (NYSE: KFY) reported its executive officers will take a 50% cut in base pay from May 1 until Aug. 31, according to a regulatory filing. These include CEO Gary Burnison and CFO Robert Rozek. In addition, the company announced the death of board member Len Lauer.

Burnison’s base salary will go to $455,000 during that period, according to the filing.

Other executive officers receiving 50% cuts in base salary include Byrne Mulrooney and Mark Arian. Mulrooney is CEO of Korn Ferry RPO, professional search and products. Arian is CEO of Korn Ferry Advisory.

The company also announced nonemployee members of its board have also agreed to a pro-rata reduction by 50% of the $85,000 retainer payable for the period from May 1 through Aug. 31.

In addition, Korn Ferry announced George Shaheen was elected to its board and will serve on the compensation and personnel committee as well as the nomination and corporate governance committee. Shaheen previously served on the company’s board from September 2009 to October 2019.

He takes the place of former board member Len Lauer, who passed away on April 12. Lauer was elected to the board last October. He was chairman and CEO of Memjet, a color printing technology company. He had also been on the board of Western Digital Corp.

Memjet reported that Lauer died at his home in La Jolla, California. He was 62.