New employment agreements for four Beasleys were filed in an 8K Monday. All the deals are retroactive to January 1, 2017. The man who founded the company, George Beasley, who is still the Chairman of the Beasley board, will be paid $750,000. CEO Caroline Beasley will make $750,000, President Bruce Beasley will make $550,000, and Chief Operating Officer Brian Beasley will also make $550,000. All are eligible for bonuses and restricted stock.
Also, CFO Marie Tedesco will be paid a base salary of $300,000 with an opportunity to earn a performance bonus of $120,000. The employment agreement also provides for a restricted stock unit award of 45,000 restricted stock units. The restricted stock units will vest in substantially equal installments on each of January 1, 2018, 2019, and 2020, subject to Ms. Tedesco’s continued employment on each vesting date.
