Lionsgate CEO's Pay Falls to $6.7 Million This Year
Studio head Jon Feltheimer's pay package was well down compared to 2014, when Lionsgate included stock awards under a five-year contract.
Lionsgate said in a regulatory filing on Wednesday that CEO Jon Feltheimer's executive compensation package for the company's most recent fiscal year was $6.7 million.
That's well down from a $66.3 million package in fiscal 2014 when the studio, as a one-time item, accounted for stock and stock option awards for a five-year contract. Feltheimer's pay package last year was more than five times the $12.6 million he earned in fiscal 2013.
For fiscal 2015, Feltheimer received a base salary of $1.5 million, just up from a fiscal 2014 base salary of $1.46 million. The bonus this year from The Hunger Games studio was $8 million — half cash, half stock, leaving Feltheimer's total compensation package at just under $10 million.
At the same time, the stock portion was $4 million, and won't be recorded until the end of the fiscal year. So Feltheimer's cash bonus for 2015 was $4.05 million.
The 2015 pay package was set as stock in Lionsgate rose 28 percent in the current fiscal year to reach a new all-time high of $38.53 on Wednesday.
Vice Chairman Michael Burns earned $8.64 million in the most recent fiscal year, in line with $8.5 million earned in 2014, according to Wednesday's filing. James Barge, the CFO, earned $3.19 million, down from $5 million earned last year.
Motion Picture Group co-president and co-COO Steven Beeks earned $4.2 million, up from $1.72 million in 2014. And Wayne Levin, general counsel and chief strategic officer, earned $4.88 million in 2015, up from $1.65 million last year, according to the filing.