Sinclair appoints Narinder Sahai as chief financial officer, outlines compensation

Sinclair, Inc. (NASDAQ:SBGI) announced Monday the appointment of Narinder Sahai as Executive Vice President and Chief Financial Officer, effective immediately. The company stated that Lucy Rutishauser will step down from her role as CFO and continue as Executive Vice President to support the transition. The $1 billion market cap media company maintains strong financial health, with InvestingPro data showing a healthy current ratio of 2.08 and consistent dividend payments for 16 consecutive years.

According to the press release statement, Sahai, 51, most recently served as CFO of Arcis Golf since June 2023. He previously held executive finance roles at RumbleOn, Inc., Amazon (NASDAQ:AMZN) Web Services, Target (NYSE:TGT) Hospitality (NASDAQ:TH), TechnipFMC (NYSE:FTI), and Delphi Corporation. Sahai holds an MBA from the University of Michigan and is a CFA charterholder. He joins Sinclair at a time when the company shows solid profitability with a P/E ratio of 7.29 and offers shareholders a significant 6.76% dividend yield. InvestingPro analysis indicates the stock is currently fairly valued based on its comprehensive Fair Value model.

Sinclair disclosed that Sahai’s employment agreement provides for an annual base salary of $700,000 in the first year, $750,000 in the second year, and $800,000 in the third year. He will receive a one-time signing bonus of $105,000 and is eligible for an annual performance bonus of up to 200% of his base salary for each of the first three years, subject to performance criteria set by the board’s compensation committee.

The agreement also grants Sahai restricted stock units valued at $1,750,000, vesting fully on July 7, 2028, under Sinclair’s 2022 Stock Incentive Plan. Sahai is eligible for long-term performance bonuses totaling $2,000,000 if Sinclair’s average closing share price exceeds specified thresholds starting at $33 per share. He will be reimbursed up to $100,000 for relocation expenses.

Severance terms include a lump-sum payment equal to one year’s base salary, prorated annual bonus, and payout of unused vacation in certain termination scenarios, subject to the terms of the agreement. The agreement also contains non-competition, non-solicitation, and confidentiality provisions.

Sinclair stated that the full employment agreement will be filed with its quarterly report for the period ended June 30, 2025. All information is based on a press release statement included in the company’s SEC filing.

In other recent news, Sinclair, Inc. announced the appointment of Narinder Sahai as Executive Vice President and Chief Financial Officer. Sahai, who brings over 20 years of financial leadership experience, replaces Lucy Rutishauser, who will remain as Executive Vice President to assist with the transition. This appointment is part of Sinclair’s ongoing leadership changes, as the company also held its annual stockholders’ meeting where nine directors were elected, and PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2025. Additionally, stockholders approved a non-binding advisory vote on executive compensation and an amendment to Sinclair’s Articles of Incorporation. In another key development, Daniel Maas was appointed as Vice President of Business Development for AMP (OTC:AMLTF) Media, Sinclair’s original content division. Maas will lead strategic growth initiatives for AMP Media’s portfolio, which includes original podcasts and digital content. These recent developments reflect Sinclair’s strategic focus on expanding its leadership team and enhancing its digital content offerings.

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