Summary
Charter Communications, Inc. (CHTR) filed an 8-K on April 8, 2008, reporting an amendment to the employment agreement for Eloise E. Schmitz, who holds the positions of Senior Vice President, Strategic Planning and Interim Chief Financial Officer. The amendments are effective for the period she serves as Interim CFO. Specifically, Ms. Schmitz's annual base salary has been increased to $500,000. Additionally, her target bonus opportunity has been raised from a maximum of 50% of her annual base salary to a maximum of 75% of her annual base salary. These changes reflect an adjustment in compensation to align with her expanded responsibilities during her tenure as Interim Chief Financial Officer.
Key Highlights
- 1Amendment to employment agreement for Eloise E. Schmitz, Senior Vice President, Strategic Planning and Interim Chief Financial Officer.
- 2Effective April 7, 2008.
- 3Ms. Schmitz's annual base salary increased to $500,000.
- 4Ms. Schmitz's target bonus increased from up to 50% to up to 75% of annual base salary.
- 5Compensation changes are effective during her service as Interim Chief Financial Officer.
- 6The report is filed under Item 5.02 (Compensatory Arrangements of Certain Officers).
Frequently Asked Questions
Eloise E. Schmitz is the Senior Vice President, Strategic Planning and the Interim Chief Financial Officer of Charter Communications, Inc.
Her annual base salary was increased to $500,000, and her target bonus potential was raised from a maximum of 50% to a maximum of 75% of her annual base salary.
The changes are effective as of April 7, 2008, and will remain in effect during the period she serves as the Interim Chief Financial Officer.
The changes are described as an adjustment to her compensation to reflect her responsibilities while serving as the Interim Chief Financial Officer.