The most senior executives at AMC Networks received lower compensation in 2018 than they had in 2017.
According to a proxy statement filed with the SEC, AMC CEO Josh Sapan’s total compensation for 2018 was $20.5 million, down 31% from $29.6 million in 2017.
COO Ed Carroll’s total compensation was $8.6 million, down 16% from $10.3 million.
Charles Dolan, executive chairman of the company, got $2.8 million, down 19% from $3.5 million.
According to a proxy statement those three executives received pay from the company’s non-equity incentive plan only for 2018. In the prior year, they received payments for 2017 plus money from a longer term incentive plan, which boosted their total.
Two other AMC Networks execs got higher compensation in 2018. CFO Sean Sullivan’s pay was $10.2 million, up from $5.8 million. James Gallagher, the company’s general counsel, got $6.8 million, up from $3.5 million.
Those two executives received significantly higher stock awards in 2018.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.