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Image Executive Compensation Reflects Distributor’s Turnaround

1 Aug, 2011 By: Erik Gruenwedel

CEO Ted Green earned $2.2 million in total compensation for fiscal year ended March 31

Image Entertainment, which earlier this year reported a fiscal-year profit of $1.7 million, paid CEO Ted Green $2.2 million, chairman John Hyde $1.95 million and CFO/COO John Avagliano $1.42 million in salary and stock-based compensation, according to an Aug. 1 regulatory filing.

Green, who successfully steered Chatsworth, Calif.-based Image toward a higher-profile distribution agreement with Sony Pictures Home Entertainment, in addition to streamlining the business, earned a base salary of $300,000 and stock and option awards totaling more than $1.9 million.

Avagliano earned a base salary of $300,000, a $50,000 bonus and stock and option awards totaling $900,000, among other compensation.

The three executives earned from $70,000 to $85,000 each in total compensation during the abbreviated previous fiscal year after being hired when Image was acquired in early 2010 by a San Francisco-based investment group.

Image reported a net loss of more than $5 million during the previous fiscal year.

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