Radio One Executive Compensation Detailed In SEC Filing
October 7, 2014 at 4:43 AM (PT)
In a form 8-K filed with the SEC, RADIO ONE released information about the new employment agreements for its executive officers through DECEMBER 31st, 2016.
Exec. Chairperson CATHY HUGHES will be paid a base of $1 million per year plus a possible $500,000 bonus, half of that discretionary and half performance-based, and stock options. Her son, Pres./CEO ALFRED LIGGINS, will get $1.25 million base salary and a possible $1.25 million bonus plus stock options. Both will get up to 25 hours a year of use of the company's private aircraft.
EVP/CFO PETER THOMPSON will get $650,000 base salary and $350,000 in possible bonuses, plus stock; EVP/Chief Administrative Officer LINDA VILARDO will earn a base of $600,000 and possible bonuses of $300,000 plus stock. Radio Division Pres. CHRIS WEGMANN is eligible for a base of $525,000 and $175,000 in bonuses plus stock.