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NTLS > SEC Filings for NTLS > Form 8-K on 3-Jul-2013All Recent SEC Filings

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Form 8-K for NTELOS HOLDINGS CORP


3-Jul-2013

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers, Compensatory Arrangements of Certain Officers.

Effective July 1, 2013, the Compensation Committee of the Board of Directors of NTELOS Holdings Corp. (the "Company") approved a change in compensation terms for Robert L. McAvoy Jr. in connection with his promotion to Executive Vice President and Chief Technology Officer.

Mr. McAvoy's annual base salary was increased to $280,000. His target award under the 2013 Team Incentive Plan, the Company's annual incentive plan, will be 60% of base salary. In connection with the promotion, the Compensation Committee also approved the grant to Mr. McAvoy of 6,595 shares of the Company's restricted common stock that vests 100% in three years from the date of grant.


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