Salem Inks CEO Ed Atsinger To New Deal
March 12, 2013 at 4:23 AM (PT)
SALEM COMMUNICATIONS has inked CEO ED ATSINGER to a new deal to replace the current contract that expires on JUNE 30th. The new contract with SALEM COMMUNICATIONS HOLDING CORP. runs from JULY 1st of this year through JUNE 30th, 2016.
According to the SEC filing by SALEM, ATSINGER will get a base salary of $925,000 in the first year, $950,000 in the second year, and $975,000 in the third year of the contract plus annual merit bonuses, health insurance, a car allowance, life insurance, and company payment of regulatory filing fees for exercise of stock options.