Lionsgate Re-ups CFO20 Jan, 2009 By: Erik Gruenwedel
Mini-major Lionsgate signed CFO James Keegan to a new three-year contract that includes an annual base salary of $475,000 in addition to 60,000 shares of restricted stock.
The contract, which follows a 2006 employment agreement and takes effect April 16, awards Keegan an annual performance bonus to be determined by CEO Jon Feltheimer, in consultation with the board’s compensation committee.
Keegan is eligible to receive 50% of his salary for the duration of the contract if terminated without cause.
Lionsgate’s My Bloody Valentine: 3D finished third last week in theaters, generating $21.9 million in revenue.
The Santa Monica, Calif.-based studios’ shares closed Jan. 20 at $5.31 per share, down 48% from a 52-week high of $10.97 per share.