Top Execs At Radio One Receive 2015 Bonuses
January 28, 2016 at 3:59 AM (PT)
In a Form 8-K filed with the SEC, RADIO ONE reported executive bonuses paid out for 2015, writing, "On JANUARY 21, 2016, the compensation committee of the Board of Directors of RADIO ONE, INC. awarded cash bonuses to be paid to the named executive officers of Radio One for the year-ended DECEMBER 31, 2015. In making 2015 annual bonus decisions for ALFRED C. LIGGINS, III, Chief Executive Officer and CATHERINE L. HUGHES, Founder and Chairperson, the Compensation Committee considered the applicable performance criteria as set forth in the CEO’s and Founder’s 2008 employment agreements."
You can read the full post here, which details, "the Compensation Committee made the determination to pay cash bonuses to the CEO and the Founder in the amounts of $1,062,500 and $425,000, respectively, representing an 85% payout of their bonus potential."
"The bonuses payable to PETER D. THOMPSON, Chief Financial Officer, and LINDA J. VILARDO, Chief Administrative Officer, were also considered and determined in the discretion of the Compensation Committee. Mr. THOMPSON and Mrs. VILARDO were awarded a cash bonus in the amount of $297,500 and $255,000, respectively. These payouts also represented a payout of 85% payout of each of Mr. THOMPSON’s and Ms. VILARDO’s bonus potential. DAVID KANTOR, the Company’s Chief Executive Officer/Radio Division was not paid a bonus for the year-ended DECEMBER 31, 2015 given his recent appointment to the position."