Lionsgate revealed in a submitting with the Securities and Exchange Commission on Friday that CEO Jon Feltheimer’s whole compensation fell to $6.6 million for the 2019 fiscal yr, in contrast with the $14.Four million he took residence in 2018.
Feltheimer’s 2019 compensation was additionally a far cry from the $35.Three million the chief garnered in 2017.
Feltheimer acquired no inventory awards compensation (identical as 2018) or compensation from his non-equity incentive plan, which in 2018 and 2019 he earned $7.zero million and $12.zero million, respectively. He did, nonetheless, see his bonus elevated ever so barely to $3.1 million from the $3.zero million he acquired a yr in the past.
So far by means of 2019, Lionsgate has undergone some restructuring in an try to revitalize its movie enterprise. In the corporate’s most up-to-date fourth quarter, Lionsgate reported a internet lack of $159 million, or a lack of 72 cents per share, whereas Wall Street analysts had forecast a lack of 6 cents per share. Lionsgate stated on the time, nonetheless, that when adjusted their was really per-share earnings of 11 cents.
And income for the quarter got here in at $914 million, a decline in contrast with the year-earlier interval. The identical analysts had anticipated income to hit $949.44 million within the quarter.
Lionsgate stated in its submitting on Friday that Vice Chairman Michael Burns noticed his whole compensation drop to $5.2 million in fiscal 2019 from $9.zero million in 2018. Chief Financial Officer James Barge additionally noticed a decline in whole compensation to $2.eight million from $6.1 million in 2018.
Of the highest executives, Chief Operating Officer Brian Goldsmith was the one one to see his 2019 compensation enhance, due to a brand new contract. He took residence $4.1 million, in contrast with $2.eight million in 2018.
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