Cumulus Execs Get Bonuses
March 5, 2009 at 6:19 AM (PT)
An SEC filing shows that four top CUMULUS executives received cash and stock bonuses for fiscal year 2008.
Chairman, President, and CEO LEW DICKEY received a $500,000 "discretionary cash bonus payment" as well as 160,000 time-vested shares and 160,000 performance-based shares vesting under the terms of his employment contract. EVP/Co-COO JOHN DICKEY received a $165,000 cash bonus and 70,000 time-vested shares; EVP/CFO/Treasurer MARTIN R. GAUSVIK received $50,000 and 15,000 time-vested shares; and EVP/Co-COO JON PINCH received a $100,000 bonus and 40,000 time-vested shares.