The Compensation Committee of the Board of Directors of Glu Mobile Inc. (NASDAQ:GLUU), in connection with its executive compensation review held annually each October, approved changes to the compensation of certain Glu executive officers as follows:
- Nick Earl, Glu’s President of Global Studios: Mr. Earl’s annual base salary was increased from $350,000 to $375,000, effective as of October 3, 2016, and Mr. Earl’s target and maximum bonus percentages under Glu’s 2016 Executive Bonus Plan were increased from 50% and 100% to 100% and 200%, respectively; and
- Scott Leichtner, Glu’s Vice President and General Counsel: Mr. Leichtner’s annual base salary was increased from $275,000 to $305,000, effective as of October 3, 2016.