AMERICAN TOWER CORPORATION (NYSE:AMT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
|
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Compensation Committee) of the Board of Directors of American
Tower Corporation (the Company) considered the compensation
arrangements with the Companys executive officers. The
information in the table below sets forth the determinations of
the Compensation Committee with respect to base salaries and cash
bonus incentive targets for the year ending December 31, 2017 for
the Companys chief executive officer, chief financial officer and
the three other most highly compensated executive officers who
were serving as executive officers on December 31, 2016
(collectively, the Current Named Executive Officers).
|
Name
|
2017 Base Salary
|
2017 Target Cash Bonus Potential
(% of Base Salary / $)
|
|
|
James D. Taiclet, Jr., Chairman of the Board, President
and Chief Executive Officer |
$
|
1,100,000
|
130% / $1,430,000
|
|
Thomas A. Bartlett, Executive Vice President and Chief
Financial Officer |
$
|
766,500
|
95% / $728,175
|
|
William H. Hess, Executive Vice President,
International Operations and President, Latin America and EMEA |
$
|
664,300
|
95% / $631,085
|
|
Steven C. Marshall, Executive Vice President and
President, U.S. Tower Division |
$
|
664,300
|
95% / $631,085
|
|
Edmund DiSanto, Executive Vice President, Chief
Administrative Officer, General Counsel and Secretary |
$
|
613,200
|
95% / $582,540
|
Companys Current Named Executive Officers at the end of the year,
the Compensation Committee bases its decisions on a number of
factors, including the Companys financial performance, the
achievement of certain strategic, organizational developmental
and operational goals established at the beginning of the fiscal
year and each executives contribution to the Companys overall
performance. If the Company exceeds its goals and/or the
executive exceeds his established goals, the annual cash bonus
incentive could be subject to increase>by the Compensation
Committee, up to a maximum of 200% of the executives bonus
target.
Named Executive Officers will be included in the Companys 2017
Proxy Statement when filed with the Securities and Exchange
Commission.
About AMERICAN TOWER CORPORATION (NYSE:AMT)
American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other. Its primary business is property operations, which include the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in various other industries. Its U.S. property segment includes operations in the United States. Its Asia property segment includes operations in India. The EMEA property segment includes operations in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America property segment includes operations in Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. Its services segment offers tower-related services in the United States. AMERICAN TOWER CORPORATION (NYSE:AMT) Recent Trading Information
AMERICAN TOWER CORPORATION (NYSE:AMT) closed its last trading session up +0.86 at 115.67 with shares trading hands.
