According to a filing with the Securities and Exchange Commission, HSN has extended Mindy Grossman’s contract through July 2013 and increased her annual base pay from $1 million to $1.2 million, retroactive to February of this year. In addition, the company has increased her maximum, potential, annual performance bonus to 125% of base pay (from 100%) and thrown in a re-signing bonus of 200,000 restricted stock units, which will vest over a three-year period. Last but not least, under terms of the extension, an individual, long-term incentive program will be scrapped and Grossman will now participate in the long-term incentive program applicable to the company’s other executive officers, which could net her 250% of annual base salary, or $3 million, awarded in stock-settled stock appreciation rights with three-year annual vesting and 10-year terms. Form 8-K for HSN, Inc. Tampa Bay Business Journal Aug. 9, 2010
Aug 102010

