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 amended contract, Greenstein -- the executive who landed Howard Stern -- will get…
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a $700,000 annual base salary, up from $540,750, as reported in the most recent Sirius proxy statement filed at the SEC. 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 from $351,488 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 recent proxy. Under his agreement, Meyer earns 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 employment 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.