Clearing the mental attic of some odds and ends…
A little bird told me that Fisher Communications is up for sale. I have no idea if this is true. But interestingly, Fisher filed an 8-K on August 24, notifying the SEC of changes in its top executives’ Change of Control agreements. From its preamble:
The Board believes it is imperative to diminish the inevitable distraction of the Executive arising from the personal uncertainties and risks created by a pending or threatened Change of Control, to encourage the Executive’s full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with reasonable compensation and benefit arrangements upon a Change of Control.
IANAL, but the document indicates that in the event of a change in control, Colleen Brown will receive 2x her annual salary plus any optional bonuses then in effect, and other execs will get 1x their annual salaries plus their optional bonuses. These terms are generous, in my experience.
If you know anything about this, drop me a line at john at seeknuance dot com. Or if you prefer, tack on a comment to this post.
