Advertisement |
Entravision Reduces Base Salaries of NEOs Over COVID-19
RADIO ONLINE | Monday, April 20, 2020 |
Entravision Communications has reduced the annual base salaries of the company's named executive officers (NEOs), effective as of April 16, due to the circumstances surrounding the coronavirus pandemic. In an 8k filing with the SEC, Entravision said the salary reductions and new annual base salaries of the company's NEOs are as follows:
- Chairman/CEO Walter F. Ulloa, a reduction from $1,378,912 to $1,068,657
- President/COO Jeffery A. Liberman, $717,035 to $591,554
- CFO/Treasurer Christopher T. Young, $568,111 to $482,895
- Chief Revenue Officer Karl A. Meyer, $515,000 to $437,750
Salary reductions may be deemed to constitute amendments to the company's NEOs' individual employment agreements, even though no amendments to any employment agreements are expected to be drafted and executed.
Advertisement |
Latest Radio Stories
Audacy Begins Another Round of Layoffs Impacting Nearly 100 |
RAB Launches New Pro Development Certification Course |
FSR, iHeartSports Team for Coverage of 2024 NFL Draft |
Advertisement |
iHeartPodcasts to Launch ''Call It What It Is'' on June 3 |
FCC Hits Pirate Stations with Fines Exceeding $850,000 |
Nielsen Releases 2024 Annual Marketing Report |