Sirius XM Inks EVP/CFO David J. Frear To New Deal
July 25, 2011 at 4:55 AM (PT)
SIRIUS XM RADIO has inked a new contract with EVP/CFO DAVID J. FREAR. The new deal extends FREAR's employment to JULY 20, 2015 at a base salary of $850,000.
The deal also includes an option to buy 16 million shares of the company at an exercise price of $2.18/share, vesting in four installments on JULY 21st of 2012, 2013, 2014, and 2015.
FREAR joined SIRIUS in JUNE 2003 from SAVVIS COMMUNICATIONS and previously worked at ORION NETWORK SYSTEMS, MILLICOM, BEAR, STEARNS, CREDIT SUISSE, TRANSWAY INTERNATIONAL, and DELOITTE AND TOUCHE.