Renato Cataldo, chief executive of photography company CPI Corp., got a far smaller bonus in fiscal 2007 than in 2006, the company’s proxy statement shows.

Cataldo’s total pay was $451,611 last year, down 22 percent from the previous year, according to the SEC-mandated tally sheet calculation. The big change was in his bonus: Cataldo got just $35,000 in cash and $27,113 in restricted stock in 2007, compared with $150,000 in cash and $149,667 in stock in 2006. His salary rose 40 percent last year to $385,000.

According to the proxy statement, executives got “minimum” bonus payments last year because CPI missed its earnings target. Earnings per share fell 78 percent in fiscal 2007, which ended this February, and CPI’s shares have lost two-thirds of their value in the past year.

The SEC filing discloses that Gary Douglass, who quit in April as chief operating officer, is entitled to pension benefits worth $25,827 and supplemental benefits worth $829,089.