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Sinclair, Inc. (NASDAQ:SBGI), a media company with a market capitalization of $1.01 billion and an InvestingPro Financial Health rating of "GOOD," announced Wednesday that Lucy Rutishauser has retired from her role as Chief Financial Officer, effective October 1, 2025. The company stated in a press release that Ms. Rutishauser’s retirement follows a previously announced CFO transition plan. She had stepped down from the CFO position on July 7, 2025, and continued as Executive Vice President to support the transition of Narinder Sahai, who now serves as Executive Vice President and Chief Financial Officer.
On the day of her retirement, Sinclair and Ms. Rutishauser entered into a consulting agreement. Under the terms of the agreement, Ms. Rutishauser will provide strategic consulting services to the company for up to two years. She will be compensated at a rate of $593.75 per hour, with a guaranteed minimum of eight hours per week. The company currently offers shareholders a significant 6.62% dividend yield and has maintained dividend payments for 16 consecutive years, demonstrating its commitment to shareholder returns. The agreement also includes provisions for health insurance coverage. If Ms. Rutishauser elects to continue her health insurance coverage through Sinclair under COBRA, the company will pay for the coverage or reimburse her for any related expenses, including additional taxes. This COBRA coverage will not extend beyond April 1, 2027. If the consulting agreement continues beyond that date, Sinclair will reimburse Ms. Rutishauser for the cost of equivalent health insurance. The company maintains strong liquidity with a current ratio of 1.89, indicating its ability to meet short-term obligations.
The consulting agreement contains non-competition, non-solicitation, and confidentiality restrictions.
In connection with the agreement, Sinclair and Ms. Rutishauser also amended the terms of each outstanding award of stock appreciation rights granted to her under the Sinclair, Inc. 2022 Stock Incentive Plan. The amendment extends the post-termination exercise period of the stock appreciation rights to the ten-year expiration date of the awards for certain qualifying terminations. For comprehensive analysis of Sinclair’s executive compensation, financial metrics, and future outlook, visit InvestingPro for exclusive insights and detailed valuation models.
Sinclair stated that a copy of the consulting agreement will be filed as an exhibit with its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. The information is based on a press release statement and a filing with the Securities and Exchange Commission.
In other recent news, Sinclair, Inc. has announced the retirement of its former Chief Financial Officer, Lucy Rutishauser, effective October 1. Following her retirement, Rutishauser entered into a consulting agreement with Sinclair to provide strategic services for up to two years. Additionally, Sinclair amended the employment contract of Chief Operating Officer Robert Weisbord, adjusting his annual base salary to $1,000,000 starting in 2025, and extending his employment term through December 31, 2027. Weisbord is also eligible for a yearly cash bonus of $1,000,000 and a potential "exceeds" bonus of up to $600,000.
In another development, Sinclair Ventures appointed Craig Blank as Principal to oversee its minority-owned investment portfolio and shape long-term investment strategies. Meanwhile, Guggenheim has lowered its price target for Sinclair Broadcasting stock to $19.00, maintaining a Buy rating. This adjustment follows Sinclair’s second-quarter results and management’s guidance for third-quarter revenue between $752 million and $776 million. The projected EBITDA for the third quarter is between $71 million and $93 million.
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