Perry Sook just had his employment agreement with Nexstar extended by the station group’s Board of Directors.
Nexstar says Sook’s salary stays the same under the terms of the agreement, which runs through January 15, 2019. He’s also still eligible for a performance based bonus every year and “has been granted certain equity-based compensation incentives that will continue to align his performance with the interests of all shareholders and the long-term enhancement of shareholder value”
“Under Perry’s leadership, Nexstar has grown to be a top ten local broadcast television company with a growing portfolio of complementary digital media operations,” said Geoff Armstrong, Nexstar Broadcasting Compensation Committee Chairman. “Throughout his tenure, Perry has built the Nexstar platform through a combination of accretive acquisitions, industry leading innovation and the establishment of disciplined operating procedures.”
Sook founded Nexstar in 1996.