Back in November, Entercom announced CFO Steve Fisher would be leaving the company February 28 (yesterday), which is when his contract expired. With Entercom in the middle of this huge merger, with CBS Radio Fisher will now be staying for a little longer. Fisher will continue as CFO through April 30, 2017 and provide transitional services to the company after that. He’ll be paid $55,344 for the first two months and initially $36,111 per month thereafter (which amount may increase or decrease depending on the level of services provided).
The Agreement also provides for a bonus of $650,000 in 2018 for services rendered during 2017 in lieu of both his annual incentive bonus and his annual equity compensation grant. In addition, Mr. Fisher is eligible to participate in benefit plans generally available to the Company’s officers.
