GENERAL COMMUNICATION, INC. (NYSE:GE) 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.
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Compensation Committee of its Board of Directors approved an
increase to the target incentive compensation plan for Greg
Chapados for 2017. Additionally, the Compensation Committee
approved new 2017 targets for all individuals who were Named
Executive Officers in the 2016 Proxy Statement. The Compensation
Committee did not establish specific Adjusted EBITDA and capital
expenditure goals.
incentive compensation plan target from $1,125,000 to $1,202,750.
Mr. Chapados had restricted stock grants issued in the past as
retention awards. The Compensation Committee approved the
increase to the total incentive compensation plan target for Mr.
Chapados in lieu of issuing new restricted stock grants.
incentive compensation targets for all individuals who were Named
Executive Officers in the 2016 Proxy Statement:
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Name
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Total 2017 Incentive Compensation Plan Target ($)
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Ronald A. Duncan
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1,475,000
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Peter J. Pounds
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455,000
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Gregory F. Chapados
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1,202,750
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G. Wilson Hughes
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466,667
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Paul E. Landes
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400,000
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About GENERAL COMMUNICATION, INC. (NYSE:GE)
General Electric Company (GE) is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power segment offers products and services related to energy production and water reuse; Renewable Energy segment offers renewable power sources; Oil & Gas offers drilling, completion, production and oil field operation; Energy Management offers technologies to electrical power; Aviation designs and produces commercial and military aircraft engines, integrated digital components and mechanical aircraft systems; Healthcare provides essential healthcare technologies; Transportation is a supplier to the railroad, mining, marine, stationary power and drilling industries; Appliances & Lighting offers appliances and a subset of lighting products, and Capital offers continuing financial services businesses and products. GENERAL COMMUNICATION, INC. (NYSE:GE) Recent Trading Information
GENERAL COMMUNICATION, INC. (NYSE:GE) closed its last trading session up +0.11 at 31.30 with 27,721,315 shares trading hands.
