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The Pay Check

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The Pay Check

Media

* Richard Robinson, chairman, president and CEO of Scholastic Corp. pulled in roughly $4.9 million in fiscal 2017 compensation, including about $2.3 million in option awards and $1.2 million in nonequity incentive plan compensation, according to an Aug. 9 SEC filing. By comparison, Robinson was paid $4.6 million in fiscal 2016 compensation. Chief Administrative Officer and CFO Maureen O'Connell's fiscal 2017 pay package amounted to about $2.2 million, down from $2.6 million in the prior year.

* Pandora Media Inc. CFO Naveen Chopra, who was also named interim CEO of the company after the departure of Tim Westergren, will receive a supplemental monthly cash payment of $29,000 while serving as interim CEO. Chopra also will receive a one-time equity award of 152,250 restricted stock units with an 18-month service-based vesting period, according to an Aug. 9 SEC filing.

* In connection with the sale of Tremor Video Inc.'s buyer platform to Taptica International Ltd., Lauren Wiener, president of Buyer Platform, resigned from Tremor and entered into an employment agreement with Taptica, according to an Aug. 8 SEC filing. As per the terms of her offer letter with Tremor, Wiener received a one-time bonus of $150,000 upon closing of the transaction.

* Cinedigm Corp. CEO and Chairman Christopher McGurk received about $1.2 million as total compensation for fiscal 2017, compared with $877,288 he received in fiscal 2016, as per an Aug. 7 SEC filing. McGurk's fiscal 2017 paycheck included $543,000 in stock awards. CFO Jeffrey Edell netted $553,724 in fiscal 2017, including $181,000 in stock awards, while his fiscal 2016 compensation came up to $423,412.

* Patrick Walsh will continue to serve as President and COO of Emmis Communications Corp. through July 31, 2019. Pursuant to the new employment agreement, Walsh will get an annual base salary of $625,000, with annual increases of up to 2.5%, according to an Aug. 3 SEC filing. The company has the right to pay up to 10% of his base salary in common shares of the company and has the right to pay any incentive compensation in cash or shares of common stock. Walsh will have an annual incentive target of 100% of his base salary for fiscal 2018, 2019 and 2020. Walsh on Aug. 1 received an option to buy 62,500 shares of the company's common stock, which vests at the end of the two-year term, and a restricted stock award of 176,679 shares of the company's common stock, with 50% to vest on the first anniversary of the grant and the other 50% to vest on the completion of the two year term. Walsh is also eligible to earn performance-based awards at the end of the two-year term with a fair market value of $300,000, $500,000 or $700,000 based on certain increases in share price.

Communications

* Cincinnati Bell Inc. CFO Andrew Kaiser entered a new employment agreement with the company, effective Sept. 1. As per the new agreement, the company increased the CFO's annual base salary to $400,000, with an annual bonus target of $400,000, as per an Aug. 8 SEC filing. Further, the company appointed Christi Cornette as its chief culture officer. She will receive an annual base salary of $380,000, with a bonus target of not less than $380,000. Cornette will also be eligible to be considered for grants of awards under any of Cincinnati Bell's long-term incentive compensation plans.

* Mitesh Dhruv, who became CFO of RingCentral Inc. in May 6, will be paid a base salary of $300,000, with a target annual incentive bonus equivalent to 100% of his base salary, the company said in an Aug. 2 Form 8-K filing. Dhruv also received an award of 56,000 restricted stock units.