Summary
This 8-K filing from American Tower Corporation (AMT) details the Compensation Committee's decisions regarding the 2019 compensation for its Named Executive Officers. The filing specifies the base salaries and target cash bonus incentives for the CEO, CFO, and three other top executives. This information provides insight into the company's executive compensation structure for the upcoming fiscal year, aligning with strategic financial and individual performance goals.
Key Highlights
- 1Executive compensation for 2019 has been set for the CEO, CFO, and three other highly compensated officers.
- 2The CEO, James D. Taiclet, Jr., has a 2019 base salary of $1,100,000 with a target cash bonus of 150% of base salary ($1,650,000).
- 3The CFO, Thomas A. Bartlett, has a 2019 base salary of $789,495 with a target cash bonus of 100% of base salary ($789,495).
- 4The Compensation Committee bases annual cash bonus payments on the company's achievement of pre-established financial and individual goals.
- 5Potential annual cash bonus incentives can be increased by the Compensation Committee, up to a maximum of 200% of the executive's target bonus if goals are exceeded.
- 6William H. Hess's compensation reflects his part-time status and intention to retire in 2019, following his stepping down from international operations leadership in late 2018.