S&P Global Market Intelligence's regular look at executive compensation in the U.S. technology media and communications industries.
* Apple Inc. CEO Tim Cook's compensation decreased year over year in 2019, mainly due to nonequity incentive plan compensation. The chief executive netted about $7.7 million in nonequity incentive plan compensation in 2019, down from $12.0 million in 2018. Cook's 2019 total compensation fell to about $11.6 million from $15.7 million in the prior year, the company disclosed in an SEC filing. The CEO received $3.0 million in salary in 2019.
CFO Luca Maestri's 2019 pay package declined to $25.2 million from $26.5 million in 2018. His compensation included $1.0 million in salary, $21.6 million in stock awards and $2.6 million in nonequity incentive plan compensation. Meanwhile, COO Jeff Williams took home $25.2 million in 2019.
Senior Vice President of Retail+People Deirdre O'Brien earned $19.2 million, while former Senior Vice President of Retail Angela Ahrendts earned $22.3 million. Kate Adams, senior vice president, general counsel and secretary, took home $25.2 million
In other compensation news:
* Evan Masyr will continue as executive vice president and CFO of Salem Media Group Inc. under a new employment agreement with the company. Masyr will receive a base salary at an annual rate of $435,700 for 2020, $444,400 for 2021, and $453,300 for 2022. Masyr also received options to purchase 50,000 shares of class A common stock that will vest over five years.
Salem Communications also entered into a new employment agreement with David Santrella, under which Santrella will become the company's president, broadcast media. Santrella will receive a base salary at an annual rate of $530,600 for 2020, $541,200 for 2021, and $552,000 for 2022. He received options to purchase 100,000 shares of class A common stock that will vest over five years.
* Tiffany Hoogerhyde, who was recently appointed to the position of vice president, finance and controller of Alaska Communications Systems Group Inc., will receive an initial annual base salary of $180,000. Hoogerhyde will be eligible for an annual cash incentive of 50% of her base salary, or $90,000. She will also be eligible for an annual long-term incentive compensation award of 50% of her base salary, comprised of retention and performance cash and/or equity compensation.
* Spok Holdings Inc.'s board approved certain adjustments to the compensation package of its newly appointed COO Michael Wallace. Wallace's annual base salary was increased to $400,000 from $350,000. His target level under the company's short-term incentive plan for 2020 was set at 100% of his annual base salary, and his target level under the company's long-term incentive plan for 2020 was set at 150% of the annual base salary. In addition to being named COO, Wallace will continue as CFO of the healthcare communications company.
* Peter Halt stepped down as CFO of TiVo Corp. following the recently announced agreement to combine TiVo and Xperi Corp. in a $3 billion transaction. Halt will be eligible to receive up to 12 months of base salary continuation and certain other benefits, the company disclosed in SEC filing. Halt will remain with the company in an advisory role from Jan. 2 through March 31 to facilitate a smooth transition of duties. He will be paid $50,000 per month for his work in such role.
Additionally, TiVo's board approved the appointment of Chief Accounting Officer Wesley Gutierrez as the company's new CFO. Gutierrez's base salary and bonus targets are unchanged. Gutierrez is eligible to receive a one-time cash retention bonus of $200,000 on the earlier of the consummation of the company’s previously announced combination with Xperi, Nov. 15, or the date of his termination by the company without cause.
* Entravision Communications Corp. entered into a new employment agreement with Chairman and CEO Walter Ulloa. The agreement provides Ulloa an initial base salary of about $1.4 million per year for the term of his agreement, which ends on Dec. 31, 2022. The chief executive is eligible to receive an annual bonus of up to 100% of his then-applicable base salary as well as grants of stock options, restricted stock and other grants.
* LiveXLive Media Inc. entered into a new employment agreement with Chief Strategy Officer Jerome Gold, under which his term of employment was extended by an additional two years. Gold's annual salary increased to $300,000, and he was granted 350,000 restricted stock units.