01—Abstract
Summary
Summary of the 8-K filed May 19, 2026. Cited figures are marked; the original filing is the authoritative source.
Charter Communications, Inc. (CHTR) has filed an 8-K report detailing an updated employment agreement with its Executive Vice President, General Counsel & Corporate Secretary, Jamal Haughton.
The new agreement, effective May 15, 2026, extends through May 15, 2028, and outlines compensation and benefits for Mr. Haughton's continued role. Key elements of the agreement include a base salary of at least $825,000,a a target annual bonus of 160% of base salary, and significant equity awards commencing in 2027. The company has also granted an initial equity award of $656,250.
The filing also details severance provisions, including a cash payment equivalent to two times base salary plus target bonus in cases of involuntary termination without cause, for good reason, or upon non-renewal. These terms provide clarity on executive compensation and retention for a critical legal role within the company.
02—Key points
Key Highlights
- Charter Communications has entered into a new two-year employment agreement with Executive Vice President, General Counsel & Corporate Secretary, Jamal Haughton, effective May 15, 2026, through May 15, 2028.
- Mr. Haughton's annual base salary will be at least $825,000.
- He is eligible for a target annual cash bonus opportunity of 160% of his annual base salary.
- Annual equity awards with a grant date fair value of at least $4,000,000 are planned for commencement in 2027.
- An initial 'top up' equity award valued at $656,250 was granted on May 15, 2026, with a three-year cliff vesting period.
- In case of involuntary termination without cause, for good reason, or non-renewal, Mr. Haughton is entitled to severance, including 2.0x base salary plus target bonus, prorated bonus, COBRA payments for 24 months, and outplacement services.
- The agreement includes standard restrictive covenants such as non-disclosure, non-competition (two years post-termination), and non-solicitation (one year post-termination).
03—Questions
Frequently Asked Questions
What is the duration of the new employment agreement for Mr. Haughton?
The new employment agreement for Mr. Haughton is effective from May 15, 2026, and has a term ending on May 15, 2028, unless terminated earlier.
What are the key financial terms of Mr. Haughton's compensation package?
Mr. Haughton's compensation includes an annual base salary of at least $825,000, a target annual bonus of 160% of his base salary, and planned annual equity awards of at least $4,000,000 starting in 2027. He also received an initial equity award of $656,250.
What severance benefits will Mr. Haughton receive if his employment is terminated under specific conditions?
If Mr. Haughton's employment is terminated involuntarily without cause, by him for good reason, or upon the Company's non-renewal of the term, he is entitled to a cash severance payment equal to 2.0 times the sum of his annual base salary and target annual bonus, a prorated annual bonus, 24 months of COBRA coverage cost, and up to 12 months of outplacement services, subject to signing a release of claims.
What are the post-employment obligations for Mr. Haughton?
Mr. Haughton has agreed to comply with covenants including nondisclosure of confidential information, assignment of intellectual property, and non-disparagement of the Company. He also has a two-year non-competition agreement and a one-year non-solicitation agreement for customers and employees following termination.
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