Frontier Communications Corporation (NASDAQ:FTR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On December6, 2016, the Compensation Committee approved a plan
for the payment of transaction bonuses to certain Frontier
employees in connection with Frontiers acquisition and
integration of the wireline operations of Verizon Communications,
Inc. in California, Texas and Florida. to the plan, the inclusion
of an employee and the amount of his or her payment was
determined by an evaluation of the employees contribution to the
planning, approval, and execution of the transaction and
integration of the acquired business following the closing
thereof. The following amounts were determined to be payable to
the following named executive officers. Mr.McCarthy volunteered
to forego being considered for a transaction bonus.
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Award ($) |
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$ | 459,600 | ||||
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$ | 300,000 |
About Frontier Communications Corporation (NASDAQ:FTR)
Frontier Communications Corporation (Frontier) offers a range of voice, data, and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services. It offers these services both on a standalone basis and as bundled packages that are designed to simplify customer purchasing decisions. Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. It provides data and Internet services; local and long distance wireline voice services to residential and business customers in its service areas; network access to interexchange carriers for origination and termination of long distance voice and data traffic; sales of its own and third-party video services, and sales of customer premise equipment. Frontier Communications Corporation (NASDAQ:FTR) Recent Trading Information
Frontier Communications Corporation (NASDAQ:FTR) closed its last trading session down -0.18 at 3.49 with 28,424,242 shares trading hands.