|
Quotes & Info
|
| SNI > SEC Filings for SNI > Form 8-K on 28-Dec-2012 | All Recent SEC Filings |
28-Dec-2012
Change in Directors or Principal Officers, Financial Statement
On December 21, 2012, Scripps Networks Interactive, Inc. (the "Company") amended its employment agreement with John F. Lansing, President, Scripps Networks, which expires on December 31, 2013. The amendment provides that if Mr. Lansing retires prior to the expiration of the agreement by giving at least 90 days advance notice, he will be entitled to receive normal severance and, as additional severance, the amount that he would have earned from the date of termination through the end of 2013. In addition, Mr. Lansing's 2010 restricted share unit retention award was amended to accelerate the vesting of 40% of the restricted share units subject to the award and to provide that the remainder of the units will vest 1/3 in March 2013, 1/3 in March 2014 and 1/3 in March 2015, but with vesting to accelerate if his employment terminates under circumstances in which he is entitled to receive severance under his employment agreement, as amended.
The foregoing summary of the amendment to Mr. Lansing's employment agreement is qualified in its entirety by reference to the full text of the amendment, which is attached as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.
(d) Exhibits
10.1 Amendment No. 1 to Employment Agreement between the Company and John F.
Lansing
|
|