Lionsgate CEO Jon Feltheimer’s Pay Falls to $6.7 Million in 2015

Jon Feltheimer producers guild milestone award

For the fiscal year ending March 31, Lionsgate CEO Jon Feltheimer received pay of $6.7 million in pay — 10% of the $66.3 million he made in the previous year, when he received stock awards under a new five-year contract.

The studio made the announcement in a regulatory filing Wednesday.

Feltheimer received a base salary of $1.5 million, $1 million in stock awards, $4.1 million in non-equity incentives and $220,311 in other compensation, which includes $28,043 for club membership dues and $189,347 for personal use of the company aircraft.

Feltheimer also received an $8 million bonus that was half cash and half stock — with the stock portion not being recorded until the end of the current fiscal year. The cash part of the bonus, reported apart from the compensation package, lifts with fiscal year 2015 total to about $10 million.

Lionsgate stock rose 28% in the current fiscal year to reach an all-time high of $38.53 on Wednesday. Wall Street has been impressed with the studio’s focus on margins and its solid performances in film and TV.

Vice chairman Michael Burns earned $8.64 million in the most recent fiscal year — almost the same as the $8.5 million earned in 2014. CFO James Barge earned $3.19 million, down from $5 million.

Motion Picture Group co-president and co-COO Steven Beeks earned $4.2 million, more than double his $1.72 million in 2014. Wayne Levin, general counsel and chief strategic officer, earned $4.88 million in 2015, up sharply from $1.65 million last year.

Lionsgate also disclosed in the filing that it will hold its annual shareholders meeting on Sept. 15 in Toronto during the Toronto Film Festival.

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