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4-Traders Homepage  >  Equities  >  Nasdaq  >  RealNetworks Inc    RNWK

Delayed Quote. Delayed  - 05/03 09:59:05 pm
4.55 USD   -0.87%
04/14 REALNETWORKS : to Release 1st Quarter Results May 5
02/23 REALNETWORKS : Announces Fourth Quarter and Full Year 2016 Results
02/22 REALNETWORKS : Funambol : and RealNetworks Announce Collaboration to..
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REALNETWORKS INC : Change in Directors or Principal Officers (form 8-K)

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05/03/2016 | 10:08pm CEST

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On April 27, 2016, the Compensation Committee of the Board of Directors of
RealNetworks, Inc. approved the 2016 Executive MBO Plan. The Compensation
Committee will administer this plan, which is pursuant to the RealNetworks 2005
Stock Incentive Plan, as amended and restated.
Payouts under the 2016 Executive MBO Plan will be determined by our Compensation
Committee and will be based 75% on company and/or divisional financial
performance and 25% on individual performance. Financial performance will be
measured by the achievement of specific financial goals related to revenue
(weighted at 50% of total performance) and adjusted EBITDA (weighted at 25% of
total performance). Adjusted EBITDA is a non-GAAP measure that we define as
operating income (loss) including other income (expense) net, but excluding
depreciation and amortization; acquisition-related intangible asset
amortization; stock-based compensation; restructuring and other charges; lease
exit and related charges; and extinguishment of liability.
Any bonuses payable pursuant to the 2016 Executive Bonus Plan are expected to be
paid 50% in cash and 50% in the form of fully vested restricted stock units.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Pursuant to the rules and regulations of the SEC, the attached exhibits are
deemed to have been furnished to, but not filed with, the SEC.


Exhibit No.   Description

   10.1       2016 Executive MBO Plan








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