US fastfood chain Krispy Kreme Doughnuts has awarded its chairman and CEO Scott A. Livengood a 20% increase in his salary, according to a filing with the Securities and Exchange Commission (SEC). Forty-nine year old Livengood will now collect US$450,000 for his work at the Winston-Salem, NC-based company during the fiscal year ended 3 February. His bonus was also increased by 4% to US$714,751 and he was awarded options to acquire 582,800 shares with exercise prices between US$15.13 and US$31.93 each.