SILVER SPRING, MD — On Tuesday, June 13, Radio One will host its 2017 annual meeting of stockholders. No, it won’t be at its glitzy new MGM National Harbor resort and casino. Rather, it will be at Radio One’s Georgia Avenue headquarters, and the meeting is set to focus on board of director elections.
What won’t be voted on is the company’s executive compensation, which the company was required to disclose in a Schedule 14A filing with the Securities and Exchange Commission on April 28. The key takeaway: Its Radio CEO surpassed the $1 million mark, but other key executives earned less in 2016 than in 2015.
David Kantor in 2016 saw total compensation of $1,006,795. That’s up from $849,010 in 2015, but down from $1.54 million in 2014.
While Kantor earned more last year than in 2015, CEO Alfred Liggins III saw his salary dip to $5,539,986, from $5,902,691. Even so, Liggins’ salary is a huge jump from 2014, when his total take-home pay was $1,632,984.
Radio One Chairperson Cathy Hughes saw total 2016 compensation of $2,093,742, compared to $2,469,648 in 2015.
Like Liggins, Hughes is earning far more than in 2014, when her total compensation was $1,149,331.
Radio One CFO Peter Thompson earned $1,624,133 in 2016, down from $1.79 million in 2015. But, it’s up from $1.49 million in 2014.
Chief Accounting Officer Linda Vilardo saw 2016 income of $1,061,250. That’s off from $1.18 million in 2015, but up from $669,006 in 2014.
The revelations come as Radio One will hold an election for a 12-month term of Class A directors Terry L. Jones and Brian W. McNeill. Each saw 2016 director compensation of $130,067 for their services.
Jones is the Managing Member of the General Partner of Syndicated Communications Venture Partners V, L.P. and the Managing Member of Syncom Venture Management Co. McNeill is a founder and the Managing General Partner of Alta Communications. He specializes in identifying and managing investments in the traditional sectors of the media industry, including radio and television broadcasting, outdoor advertising and other advertising-based or cash flow-based businesses.
The annual shareholders meeting will also see the election of Hughes, Liggins, D. Geoffrey Armstrong and Ronald E. Blaylock as directors to serve until the 2018 annual meeting of stockholders, or until their successors are duly elected and qualified.
There will also be the ratification of the appointment of BDO USA as the independent registered public accounting firm for Radio One for the year ending Dec. 31, 2017.
Only Class A and Class B stockholders of record at the close of business on April 17, 2017 will be entitled to vote at the annual meeting.
