Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Frontier Communications Corporation    FTRCQ

FRONTIER COMMUNICATIONS CORPORATION

(FTRCQ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

FRONTIER COMMUNICATIONS CORP : Change in Directors or Principal Officers (form 8-K)

09/11/2020 | 04:02pm EST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.


Frontier Communications Corporation (the "Company") and John Maduri, the Company's Executive Vice President and Chief Customer Officer, mutually agreed to terminate Mr. Maduri's employment with the Company, effective September 4, 2020. In connection with his separation, Mr. Maduri and the Company entered into a Release Agreement pursuant to which Mr. Maduri will generally receive payments and benefits consistent with those payable upon a qualifying termination of employment under the Letter Agreement, dated September 18, 2019, between the Company and Mr. Maduri (the form of which is filed as Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on August 7, 2019), subject, in each case, to the Bankruptcy Code. In addition, in accordance with the terms of the applicable plans or programs and subject to the Release Agreement, (a) the repayment provisions with respect to certain of Mr. Maduri's pre-paid retention awards and performance awards will lapse, (b) all outstanding unvested grants will lapse, and (c) Mr. Maduri will receive a lump sum cash payment representing the deferred portion of his performance-based incentive plan awards for the first and second quarters of 2020.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

All news about FRONTIER COMMUNICATIONS CORPORATION
11/20FRONTIER COMMUNICATIONS CORP : Regulation FD Disclosure, Financial Statements an..
AQ
11/17FRONTIER COMMUNICATIONS : Fitch Affirms Frontier's IDR at 'BB-(EXP)'; No Impact ..
AQ
11/04FRONTIER COMMUNICATIONS CORP : Results of Operations and Financial Condition, Fi..
AQ
11/04FRONTIER COMMUNICATIONS : Management's Discussion and Analysis of Financial Cond..
AQ
10/23CHARTER COMMUNICATIONS : Correction to Broadband Promises Unfulfilled Article --..
DJ
10/22Broadband Internet Promises Are Left Unfulfilled in Many Rural Areas -- Journ..
DJ
10/20FRONTIER COMMUNICATIONS CORP : Regulation FD Disclosure, Financial Statements an..
AQ
10/14FRONTIER COMMUNICATIONS CORP : Entry into a Material Definitive Agreement, Creat..
AQ
10/09Communications Services Shares Move Higher -- Communications Services Roundup
DJ
10/09NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news