CBS CORPORATION (NYSE:CBS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On January 11, 2018, CBS Corporation (the “Company”) entered into a letter agreement (the “Amendment”) with Gil Schwartz, the Company’s Senior Executive Vice President and Chief Communications Officer, which amends Mr. Schwartz’s employment agreement dated as of July 1, 2016, as amended as of August 4, 2017 (the “Employment Agreement”). to the Amendment, the date by which Mr. Schwartz may elect to shorten his Term (as defined in the Employment Agreement) by one year to June 30, 2019 was extended to May 31, 2018.
About CBS CORPORATION (NYSE:CBS)
CBS Corporation is a mass media company. The Company’s segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films. The Company’s Cable Networks segment is composed of Showtime Networks; CBS Sports Network, and Smithsonian Networks. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints, such as Simon & Schuster, Pocket Books, Scribner, Gallery Books, Touchstone and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations, its approximately 30 owned broadcast television stations, and CBS Radio, through which it owns and operates radio stations in the United States markets. It operates businesses, which span the media and entertainment industries.