The drop has nothing to do with the performance of the company, whose stock price appreciated 128% in the fiscal year that ended in March. It’s just that last year the independent studio’s CEO had $4.8M in stock awards that didn’t reappear this year, according to Lionsgate’s just-released proxy. He was rewarded in other ways with a package that included $1.2M in salary, $5M bonus, $121,500 in stock awards, and $94,169 in other compensation. The bonus is way up from last year’s $1.9M. Two other execs saw much bigger gains this year. Vice Chairman Michael Burns’ compensation was up 107.4% to $5.6M, while Motion Picture Group President Joseph Drake was up 56.7% to $3.1M, including a $2M bonus tied to the performance of The Hunger Games. He resigned in March with an agreement that give him a $3.4M severance payment plus bonuses tied to the performance of future films in the Hunger Games franchise. With the changes, Feltheimer falls off our list of CEOs whose pay is out-of-whack with his or her colleagues. Corporate governance activists become concerned when a CEO makes more than 3 times the median for other top executives whose compensation is noted in the proxy. Feltheimer’s pay is 2.1 times the others, down from 3.4 times. Looked at another way, he accounted for 28% of the pie for the top execs, down from 46%. The proxy notes that Lionsgate’s shareholder meeting will take place on September 11 in Toronto.
Lionsgate's Jon Feltheimer Collects $6.4M Compensation For Fiscal 2012, -18.6%
What's Hot on Deadline
M Night Shyamalan Unveils 'Glass': 'Unbreakable' & 'Split' Sequel To Star Bruce Willis, Samuel L Jackson, James McAvoy
Bravo Unveils Unscripted Slate With 6 New & 18 Returning Series; More 'Real Housewives' & 'Vanderpump Rules'
'Timeless' EP Eric Kripke On The Moment He Realized He Was Telling A James Bond Story — AwardsLine Screening Series
Latest Film News
- Sony’s Pictures Division Reports Loss Of $719M; Company’s Overall Net Profit Takes 50% Hit
- ‘Firestarter’: Stephen King Classic Reignites With Universal, Blumhouse & Akiva Goldsman Directing
- Tribeca Film Festival Winners: ‘Keep The Change’, ‘Bobbi Jene’ Tops
- Broad Green Pictures Hires Four Execs In Marketing & Legal Departments
- ‘Little Prince’s Mark Osborne & Scribe Adam Kline Link With Fox Animation For Two New Projects
- ‘3 Generations’: Weinstein Co. & MPAA Agree On PG-13 Rating, With GLAAD’s Backing & Some Cuts