Sirius gave a 29.4% raise to Scott Greenstein, pres.- entertainme...
Sirius gave a 29.4% raise to Scott Greenstein, pres.- entertainment & sports, the firm disclosed in an 8-K report filed at the SEC. Under his new contract, Greenstein -- the executive who landed Howard Stern -- will get a…
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$700,000 annual base salary, up from $540,750. He also got 462,222 restricted stock units and 1.25 million stock options, the filing said. Greenstein’s deal was extended 2 years to July 31, 2009. CFO David Frear’s contract also was amended, raising his annual base salary 28% to $450,000 and granting him 300,000 restricted stock units and 700,000 stock options, the filing said. Sirius extended Frear’s deal 2 years to July 31, 2008. Jim Meyer, pres.-sales & operations, got 48,067 restricted stock units, with no changes to a contract that expires April 16, 2006, according to the most recent Sirius proxy statement filed at the SEC. Under his agreement, Meyer has an annual base salary of $540,750, plus options, the last 1.2 million of which vest April 15, 2007, or sooner if 2005 performance milestones are achieved, the proxy said. Meyer has agreed to stay on as a Sirius consultant for a year when his employ contract expires, the proxy said. Meyer is to get 300,000 more restricted stock units that will vest May 3, 2007, if he’s still a consultant then, the proxy said.