New Contract For Radio One CFO Peter Thompson
November 5, 2014 at 4:19 AM (PT)
RADIO ONE has inked EVP/CFO PETER THOMPSON to a new contract. The new deal, filed with the SEC as a Form 8-K, includes the numbers disclosed in the company's recent filing (NET NEWS 10/7).
The three year deal covering 2014-16 pays a base salary of $650,000 per year plus a one-time signing bonus of $650,000, a $175,000 per year performance bonus, and additional discretionary performance bonuses of $175,000 per year. The company has an option to pay the bonuses in stock rather than cash. THOMPSON is also eligible for a restricted stock grant of 350,000 shares of Class D common stock and options for an additional 225,000 shares at $2.75/share.