What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to report on the compensation arrangements, specifically the base salaries and target cash bonus incentives, for American Tower Corporation's executive officers for the fiscal year 2010, as determined by the Compensation Committee.

How are executive bonuses determined?

Executive bonuses are determined based on the achievements of each executive officer relative to their individual goals and objectives, as well as the company's achievement of its overall goals and objectives. Factors considered include the company's financial performance, the achievement of strategic goals, and each executive's contribution to the company's performance.

Is there a cap on the potential bonus an executive can receive?

Yes, while the target bonus is a percentage of the base salary, the annual cash bonus incentive could be subject to increase, at the discretion of the Compensation Committee, up to 200% of the bonus target if the company and/or the executive significantly exceed their goals.

Where can investors find more detailed information about executive compensation?

Additional information regarding the compensation of the executive officers listed in this filing will be included in American Tower Corporation's 2010 Proxy Statement, which will be filed with the Securities and Exchange Commission.

AMT 8-K: Leadership Changes

Summary

This 8-K filing from American Tower Corporation (AMT) on March 1, 2010, primarily details the compensation arrangements for its executive officers for the fiscal year 2010, as determined by the Compensation Committee of the Board of Directors. The report outlines the base salaries and target cash bonus incentives for key executives, including the CEO, CFO, and other highly compensated officers. These figures are set in consideration of individual and company-wide performance goals, with potential for bonuses to increase significantly based on exceeding targets, up to 200% of the target amount. For investors, this filing provides insight into the company's executive compensation philosophy and its alignment with performance. The outlined base salaries and bonus targets suggest a compensation structure designed to motivate senior leadership towards achieving both strategic objectives and strong financial results. The potential for performance-based bonuses to be substantially higher than target highlights the company's emphasis on rewarding significant overachievement. Further details on executive compensation are expected in the company's 2010 Proxy Statement.

Key Highlights

1American Tower Corporation (AMT) disclosed executive compensation details for fiscal year 2010 via an 8-K filing.
2The Compensation Committee set base salaries and target cash bonus incentives for key executives, including the CEO and CFO.
3CEO James D. Taiclet, Jr. has a 2010 base salary of $900,000 with a target cash bonus of 75% of base salary.
4CFO Thomas A. Bartlett has a 2010 base salary of $650,000 with a target cash bonus of 60% of base salary.
5Annual cash bonuses are tied to individual executive goals and company-wide achievements, including financial performance and strategic goals.
6Executive officers can potentially earn up to 200% of their target cash bonus if company and individual goals are exceeded.
7More comprehensive executive compensation information will be provided in the company's 2010 Proxy Statement.

AMERICAN TOWER CORP /MA/ 8-K Report, Executive Changes (Mar 1, 2010)

Summary

Key Highlights

Frequently Asked Questions