Summary
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 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.
Key Highlights
- 1Charter 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.
- 2Mr. Haughton's annual base salary will be at least $825,000.
- 3He is eligible for a target annual cash bonus opportunity of 160% of his annual base salary.
- 4Annual equity awards with a grant date fair value of at least $4,000,000 are planned for commencement in 2027.
- 5An initial 'top up' equity award valued at $656,250 was granted on May 15, 2026, with a three-year cliff vesting period.
- 6In 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.
- 7The agreement includes standard restrictive covenants such as non-disclosure, non-competition (two years post-termination), and non-solicitation (one year post-termination).