Delaware | 1-11588 | 38-3042953 | ||
(State or other jurisdiction of incorporation) |
(Commission file number) | (I.R.S. employer identification no.) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 140.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(e) | With respect to the bonuses, if any, to be paid during any fiscal year, to the executive officers, other than the Chief Executive Officer, of Saga Communications, Inc. (the Company), the Chief Executive Officer provides input and makes recommendations to the Compensation Committee (the Committee) of the Board of Directors. The Committee receives such recommendations from the CEO and then, in its discretion, determines and recommends the bonuses to be paid to such executive officers to the full Board of Directors, which then makes the final determination of such bonuses in its discretion. With respect to the last fiscal year, the Committee received the recommendations of the CEO with respect to the bonuses to be paid to such executive officers for the last fiscal year, and determined and recommended to the Board of Directors the payment of cash bonuses for such executive officers in the same amounts as were paid last year. The Board of Directors approved the Committees recommendation on March 9, 2010. The amounts of such cash bonuses are set forth in the table below: |
Name | Title | Amount | ||||
Samuel D. Bush |
Senior Vice President, Chief Financial Officer and Treasurer | $ | 33,750 | |||
Steven J. Goldstein |
Executive Vice President and Group Program Director | $ | 63,000 | |||
Warren S. Lada |
Senior Vice President Operations | $ | 33,750 | |||
Marcia K. Lobaito |
Senior Vice President, Secretary and Director of Business Affairs | $ | 20,250 |
SAGA COMMUNICATIONS, INC. |
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Date: March 11, 2010 | By: | /s/ Samuel D. Bush | ||
Samuel D. Bush | ||||
Senior Vice President, Chief Financial Officer and Treasurer |
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