8-KLeadership Changes

CHARTER COMMUNICATIONS, INC. /MO/ 8-K Report, Executive Changes (Jan 20, 2012)

Filed January 20, 2012For Securities:CHTR

Summary

This Form 8-K filing by Charter Communications, Inc. (CHTR) on January 20, 2012, primarily concerns an amendment to the employment agreement of its Executive Vice President and Chief Financial Officer, Christopher L. Winfrey. The amendment outlines specific severance benefits payable to Mr. Winfrey in the event of certain termination scenarios occurring before December 31, 2013. Investors should note that this filing does not contain new financial statements or material business updates. The core information relates to executive compensation and potential change-in-control or termination provisions for a key officer. The amended agreement ensures Mr. Winfrey would receive two times his then-current Annual Base Salary and Target Bonus if his employment is terminated without cause or if he resigns for Good Reason before the specified date.

Key Highlights

  • 1Amendment to CFO Christopher L. Winfrey's employment agreement.
  • 2Severance package details for Mr. Winfrey in case of termination.
  • 3Termination prior to December 31, 2013, triggers specific severance.
  • 4Severance payout is two times the then-current Annual Base Salary and Target Bonus.
  • 5Termination scenarios include resignation for Good Reason or termination by the company without cause.
  • 6The original employment agreement was set to end on November 1, 2012, unless extended.
  • 7This filing does not include financial statements or other operational updates.

Frequently Asked Questions

The main purpose of this filing is to announce an amendment to the employment agreement of Charter Communications' CFO, Christopher L. Winfrey, detailing severance benefits under specific termination conditions.

Mr. Winfrey is entitled to severance pay if he resigns for 'Good Reason' or if Charter Communications terminates his employment 'other than for cause,' death, or disability, provided these events occur on or before December 31, 2013.

In the specified termination scenarios before December 31, 2013, Mr. Winfrey would receive an amount equal to two times his then-current Annual Base Salary plus his Target Bonus.

No, this Form 8-K filing is focused solely on an executive employment agreement amendment and does not include financial statements or other operational or business updates.