8-KLeadership ChangesExhibits & Filings

CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Executive Changes (Mar 11, 2008)

Filed March 11, 2008For Securities:CHTR

Summary

This 8-K filing from Charter Communications, Inc. reports a significant change in its executive leadership. Effective April 4, 2008, the current Chief Financial Officer, Jeffrey T. Fisher, will be resigning from his position. This departure marks a transition for the company's financial leadership. Stepping into the role of Interim Chief Financial Officer is Eloise Schmitz, who currently serves as Senior Vice President, Strategic Planning. Ms. Schmitz brings extensive experience within Charter, having held various management positions since 1998. Her appointment as interim CFO, detailed in an amended employment agreement from August 2007, includes specific salary, bonus targets, and restrictive covenants, indicating a planned and structured transition.

Key Highlights

  • 1CFO Jeffrey T. Fisher to resign effective April 4, 2008.
  • 2Eloise Schmitz appointed as Interim Chief Financial Officer, effective April 4, 2008.
  • 3Ms. Schmitz has been with Charter Communications since July 1998, holding several finance and strategic planning roles.
  • 4Ms. Schmitz's employment agreement includes an annual salary of $365,575, participation in incentive plans, and a three-year term.
  • 5The agreement with Ms. Schmitz contains a two-year non-compete and a two-year non-solicitation clause.
  • 6A press release announcing these executive changes is attached as Exhibit 99.1.

Frequently Asked Questions

The filing states that Jeffrey T. Fisher intends to resign as Executive Vice President and Chief Financial Officer. The specific reasons for his departure are not disclosed in this 8-K filing.

Eloise Schmitz, currently the Senior Vice President of Strategic Planning, will assume the role of Interim Chief Financial Officer, effective April 4, 2008. She has a long tenure with Charter Communications in various finance and strategic positions.

Ms. Schmitz's interim CFO role is defined by an amended employment agreement from August 1, 2007. It includes an annual salary of $365,575, participation in bonus and incentive plans, and a three-year agreement term. It also includes two-year non-compete and non-solicitation clauses.

The filing specifies that Ms. Schmitz is appointed as the 'Interim' Chief Financial Officer. This suggests that Charter Communications may be seeking a permanent replacement at a later date.