Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
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10: EX-32.2 Certification -- §906 - SOA'02 HTML 23K
17: R1 Document and Entity Information HTML 44K
18: R2 Consolidated Balance Sheets (Unaudited) HTML 145K
19: R3 Consolidated Balance Sheets (Unaudited) HTML 35K
(Parenthetical)
20: R4 Consolidated Statements of Operations (Unaudited) HTML 108K
21: R5 Consolidated Statements of Comprehensive Income HTML 33K
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24: R8 Nature of Operations and Summary of Significant HTML 103K
Accounting Policies
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26: R10 Notes Payable and Commercial Bank Financing HTML 37K
27: R11 Commitments and Contingencies HTML 41K
28: R12 Earnings Per Share HTML 62K
29: R13 Segment Data HTML 145K
30: R14 Related Person Transactions HTML 53K
31: R15 Fair Value Measurements HTML 54K
32: R16 Condensed Consolidating Financial Statements HTML 805K
33: R17 Nature of Operations and Summary of Significant HTML 75K
Accounting Policies (Policies)
34: R18 Nature of Operations and Summary of Significant HTML 61K
Accounting Policies (Tables)
35: R19 Acquisitions and Disposition of Assets (Tables) HTML 64K
36: R20 Earnings Per Share (Tables) HTML 64K
37: R21 Segment Data (Tables) HTML 142K
38: R22 Fair Value Measurements (Tables) HTML 51K
39: R23 Condensed Consolidating Financial Statements HTML 801K
(Tables)
40: R24 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 26K
ACCOUNTING POLICIES - Nature of Operations
(Narrative) (Details)
41: R25 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 47K
ACCOUNTING POLICIES - Variable Interest Entities
(Narrative) (Details)
42: R26 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 77K
ACCOUNTING POLICIES - Schedule of Variable
Interest Entities Assets and Liabilities (Details)
43: R27 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 23K
ACCOUNTING POLICIES - Recent Accounting
Pronouncements (Details)
44: R28 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 34K
ACCOUNTING POLICIES - Broadcast Incentive Auction
(Details)
45: R29 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 29K
ACCOUNTING POLICIES - Equity Offering (Details)
46: R30 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 35K
ACCOUNTING POLICIES - Share Repurchase Program
(Details)
47: R31 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT HTML 26K
ACCOUNTING POLICIES - Subsequent Events (Details)
48: R32 Acquisitions and Disposition of Assets (Narrative) HTML 142K
(Details)
49: R33 Acquisitions and Disposition of Assets - Fair HTML 71K
Value of Acquired Assets and Liabilities (Details)
50: R34 ACQUISITIONS AND DISPOSITION OF ASSETS - Pro Forma HTML 33K
Results (Details)
51: R35 Notes Payable and Commercial Bank Financing HTML 98K
(Details)
52: R36 Commitments and Contingencies (Details) HTML 51K
53: R37 Earnings Per Share (Details) HTML 39K
54: R38 Earnings Per Share - Summary of Antidilutive HTML 24K
Securities (Details)
55: R39 Segment Data (Narrative) (Details) HTML 30K
56: R40 Segment Data (Details) HTML 83K
57: R41 RELATED PERSON TRANSACTIONS - Transactions with HTML 33K
our Controlling Shareholders (Details)
58: R42 RELATED PERSON TRANSACTIONS - Cunningham HTML 70K
Broadcasting Corporation (Details)
59: R43 RELATED PERSON TRANSACTIONS - Atlantic Automotive HTML 36K
Corporation (Details)
60: R44 RELATED PERSON TRANSACTIONS - Leased Property by HTML 40K
Real Estate Ventures (Details)
61: R45 RELATED PERSON TRANSACTIONS - Other Transactions HTML 25K
with Equity Method Investments (Details)
62: R46 Fair Value Measurements (Details) HTML 71K
63: R47 Condensed Consolidating Financial Statements HTML 48K
(Narrative) (Details)
64: R48 Condensed Consolidating Financial Statements - HTML 167K
Balance Sheet (Details)
65: R49 CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - HTML 108K
Statement of Operations and Comprehensive Income
(Details)
66: R50 CONDENSED CONSOLIDATING FINANCIAL STATEMENTS - HTML 125K
Statement of Cash Flows (Details)
68: XML IDEA XML File -- Filing Summary XML 115K
67: EXCEL IDEA Workbook of Financial Reports XLSX 96K
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AMENDMENT NO. 1 TO AMENDED AND RESTATED EMPLOYMENT
AGREEMENT
THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this "Agreement") is effective as of this 31st day of August, 2017 (the “Effective Date”), between Sinclair Television Group, Inc., a Maryland corporation ("STG"), and Steve Marks (“Employee").
R
E C I T A L S
A.STG and Employee are parties to that certain Amended and Restated Employment Agreement dated November 14, 2011 (the “Original Agreement”).
B.STG is a wholly owned subsidiary of Sinclair Broadcast Group, Inc. (“SBG”).
C.Employee is an “Eligible Individual” as defined in that certain SBG. Post – 2004 Executive Deferred Compensation Plan II and desires to consider deferring a portion of the Special Longevity Bonus (as defined in the Original Agreement).
C. The
parties hereto desire to amend certain provisions of the Original Agreement pursuant to the terms and conditions of this Agreement. Capitalized terms used in this Agreement and not otherwise defined shall have the meaning ascribed to such terms in the Original Agreement.
NOW, THEREFORE, IN CONSIDERATION OF the mutual covenants herein contained, the parties hereto agree as follows:
1. The Recitals set forth above are true and accurate in each respect.
2. The Original Agreement is hereby amended as follows:
(a) Section
8.1 of the Original Agreement is hereby deleted in its entirety and inserted in lieu thereof shall be the following:
“8.1. Achievement of Longevity.
(a)Provided that Employee is continuously employed by STG (including, if applicable, any employment with any other SBG Entities) from the Effective Date through the earliest of either (a) November, 18, 2018 (the "Longevity Effective Date"), (b) the “Change in Control Date” defined in Section 8.3 of this Agreement or (c) the termination of this Agreement pursuant to Sections 4.1(a)(1), 4.1(a)(2), 4.1(a)(5) or 4.1(a)(6)
hereof, then Employee shall be entitled to the payment of either (i) Two Million Seven Hundred Fifty Thousand Dollars and no cents ($2,750,000.00) (the “Special Longevity Bonus”) or
such applicable percentage thereof see - Sections 4.2(a)(4), 4.2(b)(4) or such increased amount see - Sections 8.1(b) in the manner provided in Section 8.2 of this Agreement upon such date, which shall be Employee’s “Earned Bonus Date.”
(b)STG and Employee agree that the Special Longevity Bonus shall be increased by an amount between Two Hundred Seventy-Two Thousand Four Hundred Nineteen Dollars and no cents ($272,419.00)
and Four Hundred Eighty-Eight Thousand Five Hundred Thirty Eight Dollars and no cents ($488,538.00) in the event Employee elects to defer not less than ninety seven percent (97%) of such amount (or such other percentage of such amount that the Parties may mutually agree upon) under that certain SBG Post – 2004 Executive Deferred Compensation Plan II, as amended (the “Deferred Compensation Plan”) by executing a deferred Election Form in the form attached as Exhibit A hereto.
4. Except as expressly modified in this Agreement, the Original Agreement continues in full force and effect as if set forth specifically herein.
5. The term "this Agreement" as used in the Original Agreement shall mean the Original Agreement as amended
and modified by the terms herein unless the context clearly indicates or dictates a contrary meaning. This Agreement may not be amended, changed, modified, altered, or terminated without in each instance the prior written consent of SBG and the Employee.
6. This Agreement may be executed in any number of counterparts, all of which when taken together shall constitute one agreement.
[THE SIGNATURES OF THE PARTIES APPEAR ON THE IMMEDIATELY FOLLOWING PAGE]
IN WITNESS WHEREOF,
the parties hereto have executed this Agreement effective as of the date first written above.
SINCLAIR TELEVISION GROUP, INC.
(on behalf of itself and any applicable Sinclair Entities)
