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Emmis Communications Corp (EMMS.OQ)

EMMS.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Jeffrey Smulyan

68 2015 Chairman of the Board, Chief Executive Officer

Patrick Walsh

48 2015 President, Chief Operating Officer, Director

Ryan Hornaday

41 2015 Chief Financial Officer, Executive Vice President, Treasurer

Richard Cummings

63 2009 President - Radio Programming

Gregory Loewen

45 2016 President - Publishing Division, President and CEO of Digonex Technologies, Inc., and Chief Strategy Officer

J. Scott Enright

52 2009 Executive Vice President, General Counsel, Secretary

Richard Leventhal

68 2011 Lead Independent Director

Gary Kaseff

67 2009 Director

Greg Nathanson

68 2000 Director

Susan Bayh

55 2011 Independent Director

James Dubin

2013 Independent Director

Peter Lund

75 2002 Independent Director

Lawrence Sorrel

56 1993 Independent Director

Biographies

Name Description

Jeffrey Smulyan

Mr. Jeffrey H. Smulyan is Chairman of the Board, Chief Executive Officer of Emmis Communications Corporation. He was President of the Company. Mr. Smulyan began working in radio in 1973, and has owned one or more radio stations since then. Formerly, he was also the owner and chief executive officer of the Seattle Mariners Major League Baseball team. In addition to serving as a board member for other nonprofit organizations, he is former Chairman of the Radio Advertising Bureau and serves as a Trustee of his alma mater, the University of Southern California.

Patrick Walsh

Mr. Patrick M. Walsh is President, Chief Operating Officer, Director of the Company. He was Chief Financial Officer, Chief Operating Officer, Executive Vice President, Director of Emmis Communications Corp. Mr. Walsh became Executive Vice President and Chief Financial Officer of Emmis in September 2006 and added the position of Chief Operating Officer in December 2008. Mr. Walsh came to Emmis from iBiquity Digital Corporation, the developer and licensor of HD Radio technology, where he served as Chief Financial Officer and Senior Vice President from 2002 to 2006. Prior to joining iBiquity, Mr. Walsh was a management consultant for McKinsey & Company, and served in various management positions at General Motors Acceptance Corporation and Deloitte LLP. In addition to his background in finance, accounting and operations, Mr. Walsh has experience as a management consultant and has served in financial and operations capacities in a business that sold technology to the radio industry. He offers the board an inside view of the company’s finances and operations along with a strategic perspective on aspects of the radio broadcasting industry’s future.

Ryan Hornaday

Mr. Ryan A. Hornaday is Chief Financial Officer, Executive Vice President, Treasurer of Emmis Communications Corporation. He has served as our Senior Vice President - Finance and Treasurer since 2008.

Richard Cummings

Mr. Richard F. Cummings is President - Radio Programming of Emmis Communications Corp. Mr. Cummings served as Radio Division President from December 2001 to February 2009. Prior to becoming Radio Division President, Mr. Cummings was Executive Vice President of Programming. Mr. Cummings joined Emmis in 1981.

Gregory Loewen

Mr. Gregory T. Loewen is President - Publishing Division, President and CEO of Digonex Technologies, Inc., and Chief Strategy Officer of Emmis Communications Corporation. Previously, Prior to joining Emmis in February 2007, Mr. Loewen served as Vice President of Digital Media and Strategy for The Toronto Star. Mr. Loewen serves as our Publishing Division President and Chief Strategy Officer pursuant to an employment agreement dated December 21, 2012. The general terms of the employment agreement are described under the heading “Executive Compensation—Employment Agreements”. During fiscal 2015, Mr. Loewen received base salary, annual incentive compensation, equity compensation, and other benefits in accordance with the terms of that agreement. Mr. Loewen’s contractual base salary increased approximately 2.9% from his contractual base salary the prior year, which had a corresponding effect of increasing his target bonus under the 2015 Corporate Incentive Plan. Mr. Loewen’s incentive compensation was based upon the formulas established under our 2015 Corporate Incentive Plan, with about 83% of his performance goal based upon Publishing EBITDA (as defined in the plan) and 17% based upon Total Company EBITDA (as defined in the plan). This split reflects Mr. Loewen’s principal responsibility to the performance of our Publishing Division, as well as his role as Chief Strategy Officer for the entire company. He also received the supplemental bonus for 2014 discussed above. Mr. Loewen did not receive any equity grants in fiscal 2015 as none were provided for in his employment agreement.

J. Scott Enright

Mr. J. Scott Enright is Executive Vice President, General Counsel, Secretary of Emmis Communications Corp., since March 2009. Previously, Associate General Counsel and Assistant Secretary from the date he joined Emmis in October 1998, adding the office of Secretary in 2002. Mr. Enright serves in these capacities pursuant to an employment agreement effective March 2, 2012. The general terms of the employment agreement are described under the heading “Executive Compensation– Employment Agreements”. During fiscal 2015, Mr. Enright received base salary, annual incentive compensation, equity compensation, and other benefits in accordance with the terms of that agreement. Mr. Enright’s contractual base salary increased approximately 3% from his contractual base salary the prior year, which had a corresponding effect of increasing his target bonus under the 2015 Corporate Incentive Plan. Mr. Enright’s incentive compensation was based entirely upon the formulas established under our 2015 Corporate Incentive Plan, with his entire performance goal based upon Total Company EBITDA (as defined in the plan) because his principal responsibilities are to the performance of the entire company. He also received the supplemental bonus for 2014 discussed above. Mr. Enright did not receive any equity grants in fiscal 2015 as none were provided for in his employment agreement.

Richard Leventhal

Mr. Richard A. Leventhal is Lead Independent Director of Emmis Communications Corp. Mr. Leventhal is President and majority owner of LMCS, LLC, an investment, management and consulting company. Previously, Mr. Leventhal co-owned and operated Top Value Fabrics, Inc., a wholesale fabric and textile company in Carmel, Indiana, for 27 years. He also serves as a board member of several nonprofit organizations.

Gary Kaseff

Mr. Gary L. Kaseff is Director of Emmis Communications Corp. Mr. Kaseff served as the company Executive Vice President and General Counsel until his resignation in March 2009. He remains employed by Emmis. Before becoming general counsel, Mr. Kaseff practiced law in Southern California. Previously, he was President of the Seattle Mariners Major League Baseball team and partner with the law firm of Epport & Kaseff.

Greg Nathanson

Mr. Greg A. Nathanson is Director of Emmis Communications Corp. Mr. Nathanson served as the company Television Division President before resigning in October 2000. He is currently a media consultant. Mr. Nathanson has over 30 years of television broadcasting experience, having served as President of Programming and Development for Twentieth Television from 1996 to 1998; as General Manager of KTLA-TV in Los Angeles, California from 1992 to 1996; and as General Manager of the Fox television station KTTV from 1988 to 1992. In addition, he was President of all the Fox Television stations from 1990 to 1992.

Susan Bayh

Mrs. Susan B. Bayh is Independent Director of Emmis Communications Corp. Mrs. Bayh was the Commissioner of the International Joint Commission of the United States and Canada until 2001. She served as a Distinguished Visiting Professor at the College of Business Administration at Butler University from 1994 through 2003. Previously, she was an attorney with Eli Lilly & Company. She is a director of Wellpoint, Inc., a Blue Cross/Blue Shield company; Curis, Inc., a therapeutic drug development company; and Dendreon Corporation, a biotechnology company. Previously, she served as a director for Esperion Therapeutics, Inc., Novavax, Inc., Cubist Pharmaceuticals, Inc., MDRNA (formerly Nastech) and Dyax Corp., each of which is a pharmaceutical company.

James Dubin

Mr. James M. Dubin is Independent Director of Emmis Communications Corp. Mr. Dubin was a partner at the law firm of Paul, Weiss, Rifkind, Wharton & Garrison, LLP for 30 years until his retirement in 2012. Since his retirement he has engaged in private consulting work through Madison Place Partners, LLC. He also serves as a senior advisor, board member and member of the audit committee for Conair Corporation, a manufacturer and marketer of health and beauty products and kitchen and electronic appliances, and a board member for several nonprofit organizations.

Peter Lund

Mr. Peter A. Lund is Independent Director of Emmis Communications Corp. Mr. Lund is a private investor and media consultant who formerly served as Chairman and Chief Executive Officer of Eos International, Inc., a holding company. Mr. Lund has over 40 years of broadcasting experience and most recently served as President and Chief Executive Officer of CBS Inc., and President and Chief Executive Officer of CBS Television and Cable. He is a director of The DIRECTV Group, Inc., a communications company; Crown Media Holdings, Inc., an owner and operator of cable television channels; and Eos International, Inc., a library automation and knowledge management company.

Lawrence Sorrel

Mr. Lawrence (Larry) B. Sorrel is Independent Director of Emmis Communications Corp since 1993. Mr. Sorrel is Managing Partner of Tailwind Capital where he has worked since 2002. From 1998 to 2002, Mr. Sorrel was a general partner of Welsh, Carson, Anderson & Stowe. Prior to May 1998, he was a Managing Director of Morgan Stanley and the firm’s private equity affiliate, Morgan Stanley Capital Partners, where he had been employed since 1986.

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