Scripps Networks Interactive CEO Gets 64 Percent Pay Hike
Kenneth Lowe made $11.9 million last year, up from $7.2 million in 2013.
Scripps Networks Interactive paid its CEO Kenneth Lowe $11.8 million in 2014, up nearly 64 percent from his compensation a year earlier, the company said in a filing on Wednesday.
Scripps, the company behind lifestyle cable networks like HGTV, Great American County, Travel Channel and Food Network, said the big lift in compensation for Lowe was mostly due to stock awards of $6.4 million, up from $2.3 million a year earlier. His base salary was $1.42 million, up from $1.29 million a year earlier.
Shares of Scripps fell 12 percent in 2014.
Scripps CFO Joseph DeCastro earned $3.8 million in 2014, down from $7.1 million a year earlier when he was awarded $4.6 million in stock.
Burton Jablin, the company's president, was paid $4.2 million, down from $7.7 million, the difference also due to stock awards.
Mark Hale, the executive vp and global operations and chief technology officer, made $2.2 million, up from $1.6 million.
Cynthia Gibson, executive vp and chief legal officer, was paid $1.7 million, up from $1.5 million.
The company also said it paid its former executive vp and chief human resources officer Dennis Shuler $2.5 million.