Discovery Communications, Inc. (NASDAQ:DISCA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 18, 2017, Discovery Communications, LLC (“DCL”) entered into an amendment (the “Warren Amendment”) to its employment agreement with its Chief Financial Officer, Andrew Warren, dated as of September 18, 2014 (the “Warren Employment Agreement”). The termination date of the Warren Employment Agreement was extended to March 31, 2017. Under the terms of the Warren Amendment, Mr. Warren will be eligible for a prorated portion of his bonus under the Company’s incentive plan for 2017 (the “Prorated Bonus”), based on service through March 31, 2017. Mr. Warren is also entitled to an additional annual bonus amount equal to his unprorated annual bonus, at target, to be paid at the same time as the commencement of the Base Salary Continuation (as defined in the Warren Employment Agreement) payments. Consistent with the terms of the Warren Employment Agreement as amended, Mr. Warren’s separation as of March 31, 2017 shall be considered a termination without Cause (as defined in the Warren Employment Agreement) by the Company. No other provisions of Mr. Warren’s employment agreement were amended. Gunnar Wiedenfels will commence his employment as the Company’s Chief Financial Officer on April 1, 2017.

About Discovery Communications, Inc. (NASDAQ:DISCA)
Discovery Communications, Inc., (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S. Networks, which consists principally of domestic television networks and Websites; International Networks, which consists primarily of international television networks and Websites; Education and Other, which consists principally of curriculum-based product and service offerings, and production studios, and Corporate and Inter-segment Eliminations. It distributes customized content in the United States, and over 220 other countries and territories in over 40 languages. The Company’s global portfolio of networks includes television brands, such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the United States). Discovery Communications, Inc. (NASDAQ:DISCA) Recent Trading Information
Discovery Communications, Inc. (NASDAQ:DISCA) closed its last trading session up +0.17 at 28.66 with 1,499,671 shares trading hands.