Lionsgate CEO's Pay Jumped to $63.6 Million in Fiscal 2014
TORONTO — Jon Feltheimer's Hunger Games windfall at Lionsgate grew in the latest fiscal year to March 2014, as his executive pay reached $63.6 million last year.
In an SEC schedule 14-A filing Tuesday, the ministudio said the Lionsgate CEO is set to receive $11.67 million in stock awards, $41.51 million in option awards and $8.75 million in non-equity incentives on top of a base salary for fiscal 2014 at $1.465 million.
That's up from Feltheimer's base salary of $1.26 million in 2013, before the Lionsgate topper signed a new four-year contract.
Other fiscal 2014 compensation for Feltheimer included $23,884 paid for club membership dues and $170,385 for his personal use of the company-leased aircraft.
The proxy statement, giving notice of the company's upcoming annual shareholder meeting on Sept. 9, 2014 in Toronto, conceded Feltheimer's fiscal 2014 compensation was "significantly higher" than compensation reported for prior and expected future fiscal years.
At the same time, Lionsgate in the SEC filing said Feltheimer's stock- and incentive-based compensation is to vest over a four-year period until his current contract expires in May 2018.
And the value of the stock and stock options that underpin Feltheimer's $63.6 million pay package depend on Lionsgate's actual share price.
The ministudio's compensation committee also said 2014 was "another strong year " for Lionsgate, as it set all-time highs for adjusted EBITDA and adjusted net income on the strength of global box office performers like The Hunger Games: Catching Fire and Now You See Me.
The regulatory filing also noted TV production revenue at Lionsgate reached a record $447.4 million in fiscal 2014.