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[8-K] Sinclair, Inc. Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Sinclair, Inc. (NASDAQ: SBGI) filed an 8-K disclosing a key leadership change under Item 5.02. Effective July 7 2025, Narinder Sahai, 51, has been appointed Executive Vice President & Chief Financial Officer. Incumbent CFO Lucy Rutishauser will step down from the CFO role and remain an Executive Vice President to facilitate the transition.

Professional background. Sahai most recently served as CFO of Arcis Golf. Prior posts include CFO and Special Advisor at RumbleOn (2022-2023), finance leadership at Amazon Web Services (2020-2022), SVP & Treasurer at Target Hospitality (2019-2020), and various senior finance roles at TechnipFMC and Delphi. He holds an MBA (Ross School of Business, University of Michigan), a Bachelor of Engineering from Thapar University, and is a CFA charterholder.

Key compensation terms:

  • Base salary: $700 k (year 1), $750 k (year 2), $800 k (year 3).
  • Signing bonus: $105 k.
  • Annual performance bonus: up to 200 % of current salary, subject to Compensation Committee criteria.
  • Long-term performance bonus: up to $2 million triggered when the 22-day average share price exceeds $33, $40, and each additional $5 increment thereafter.
  • Equity grant: $1.75 million in RSUs vesting July 7 2028 under the 2022 Stock Incentive Plan.
  • Relocation reimbursement: up to $100 k.
  • Severance: after July 7 2026, 12 monthsâ€� salary plus prorated bonus upon termination without Cause or resignation for Good Reason; prorated benefits in the event of death or disability.

The agreement contains standard non-compete, non-solicitation, and confidentiality clauses. The full contract will be filed with Sinclair’s Form 10-Q for the quarter ending June 30 2025.

Investor take-away: The filing signals a CFO transition with an incentive package tightly linked to share-price performance, but does not provide financial guidance or earnings data.

Sinclair, Inc. (NASDAQ: SBGI) ha depositato un modulo 8-K comunicando un importante cambiamento nella leadership ai sensi della voce 5.02. A partire dal 7 luglio 2025, Narinder Sahai, 51 anni, è stato nominato Vice Presidente Esecutivo e Direttore Finanziario. L'attuale CFO, Lucy Rutishauser, lascerà il ruolo di CFO ma rimarrà Vice Presidente Esecutivo per agevolare la transizione.

Esperienza professionale. Sahai ha recentemente ricoperto il ruolo di CFO presso Arcis Golf. In precedenza è stato CFO e Consigliere Speciale presso RumbleOn (2022-2023), ha guidato la finanza di Amazon Web Services (2020-2022), è stato Senior Vice President e Tesoriere presso Target Hospitality (2019-2020), oltre a ricoprire ruoli di alto livello in ambito finanziario presso TechnipFMC e Delphi. È in possesso di un MBA (Ross School of Business, University of Michigan), una laurea in Ingegneria conseguita presso la Thapar University ed è charterholder CFA.

Termini chiave della retribuzione:

  • Salario base: 700.000 $ (primo anno), 750.000 $ (secondo anno), 800.000 $ (terzo anno).
  • Bonus di firma: 105.000 $.
  • Bonus annuale legato alla performance: fino al 200% del salario corrente, soggetto ai criteri del Comitato Retribuzioni.
  • Bonus a lungo termine: fino a 2 milioni di $ attivato quando il prezzo medio delle azioni su 22 giorni supera 33 $, 40 $ e ogni ulteriore incremento di 5 $.
  • Concessione di azioni: 1,75 milioni di $ in RSU con maturazione il 7 luglio 2028 secondo il Piano Incentivi Azionari 2022.
  • Rimborso per trasferimento: fino a 100.000 $.
  • Indennità di fine rapporto: dopo il 7 luglio 2026, 12 mesi di salario più bonus proporzionato in caso di licenziamento senza giusta causa o dimissioni per giusta causa; benefici proporzionati in caso di morte o invalidità.

L'accordo include clausole standard di non concorrenza, non sollecitazione e riservatezza. Il contratto completo sarà allegato al modulo 10-Q di Sinclair per il trimestre terminante il 30 giugno 2025.

Considerazioni per gli investitori: Il deposito segnala una transizione del CFO con un pacchetto incentivante strettamente legato alla performance del prezzo delle azioni, ma non fornisce indicazioni finanziarie o dati sugli utili.

Sinclair, Inc. (NASDAQ: SBGI) presentó un formulario 8-K divulgando un cambio clave en el liderazgo bajo el punto 5.02. A partir del 7 de julio de 2025, Narinder Sahai, de 51 años, ha sido nombrado Vicepresidente Ejecutivo y Director Financiero. La actual CFO, Lucy Rutishauser, dejará el cargo de CFO y permanecerá como Vicepresidente Ejecutivo para facilitar la transición.

Experiencia profesional. Sahai se desempeñó recientemente como CFO de Arcis Golf. Ocupó cargos anteriores como CFO y Asesor Especial en RumbleOn (2022-2023), liderazgo financiero en Amazon Web Services (2020-2022), SVP y Tesorero en Target Hospitality (2019-2020), y varios roles financieros senior en TechnipFMC y Delphi. Posee un MBA (Ross School of Business, University of Michigan), una licenciatura en Ingeniería de la Universidad Thapar, y es titular de la certificación CFA.

Términos clave de compensación:

  • Salario base: $700,000 (año 1), $750,000 (año 2), $800,000 (año 3).
  • Bono de firma: $105,000.
  • Bono anual por desempeño: hasta el 200% del salario actual, sujeto a los criterios del Comité de Compensación.
  • Bono por desempeño a largo plazo: hasta $2 millones activado cuando el precio promedio de la acción en 22 días supera $33, $40 y cada incremento adicional de $5.
  • Concesión de acciones: $1.75 millones en RSU que se consolidan el 7 de julio de 2028 bajo el Plan de Incentivos de Acciones 2022.
  • Reembolso por reubicación: hasta $100,000.
  • Indemnización: después del 7 de julio de 2026, 12 meses de salario más bono prorrateado en caso de terminación sin causa o renuncia por causa justificada; beneficios prorrateados en caso de muerte o discapacidad.

El acuerdo incluye cláusulas estándar de no competencia, no solicitación y confidencialidad. El contrato completo se presentará con el Formulario 10-Q de Sinclair para el trimestre que finaliza el 30 de junio de 2025.

Conclusión para inversores: La presentación indica una transición en el CFO con un paquete de incentivos estrechamente ligado al rendimiento del precio de las acciones, pero no proporciona orientación financiera ni datos de ganancias.

Sinclair, Inc. (NASDAQ: SBGI)ëŠ� 5.02항목ì—� 따른 주요 리ë”ì‹� ë³€ë™ì„ 공시하는 8-Kë¥� 제출했습니다. 2025ÔÆ� 7ì›� 7ì�ë¶¶Äë¡� 나린ë� 사하ì�(51ì„�)ê°€ 최고재무책임ìž�(CFO) ê²� 부사장으로 임명ë˜ì—ˆìŠµë‹ˆë‹�. í˜� CFOì� 루시 루티샤우저ëŠ� CFOì§ì—ì„� 물러ë‚� 전환ì� ì§€ì›í•˜ê¸� 위해 부사장으로 ë‚¨ì„ ì˜ˆì •ìž…ë‹ˆë‹�.

경력 ë°°ê²½. 사하ì´ëŠ” 최근 Arcis Golfì—서 CFOë¡� 재ì§í–ˆìŠµë‹ˆë‹¤. ì´ì „ì—는 RumbleOnì—서 CFO ë°� 특별 고문(2022-2023), Amazon Web Servicesì� 재무 리ë”ì‹�(2020-2022), Target Hospitalityì� ìˆ˜ì„ ë¶€ì‚¬ìž¥ ê²� 재무 담당(2019-2020), TechnipFMC ë°� Delphiì—서 다양í•� 고위 재무 ì—­í• ì� 수행했습니다. 그는 미시ê°� ëŒ€í•™êµ ë¡œìŠ¤ ê²½ì˜ëŒ€í•™ì› MBA, Thapar 대í•� 공학 학사 학위ë¥� 보유하고 있으ë©� CFA ìžê²©ì¦� 소지ìžìž…니다.

주요 ë³´ìƒ ì¡°ê±´:

  • 기본 급여: 1ë…„ì°¨ 70ë§� 달러, 2ë…„ì°¨ 75ë§� 달러, 3ë…„ì°¨ 80ë§� 달러.
  • 서명 보너ìŠ�: 10ë§� 5ì²� 달러.
  • ì—°ê°„ 성과 보너ìŠ�: 현재 급여ì� 최대 200%, ë³´ìƒ ìœ„ì›íš� 기준ì—� 따름.
  • 장기 성과 보너ìŠ�: 22ì� í‰ê·  주가가 33달러, 40달러 ë°� ì´í›„ ë§� 5달러 ìƒìй ì‹� 최대 200ë§� 달러 ì§¶Äê¸�.
  • ì£¼ì‹ ë¶€ì—�: 2022ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 플랜ì—� ë”°ë¼ 175ë§� 달러 ìƒë‹¹ì� RSUê°€ 2028ë…� 7ì›� 7ì�ì—� 베스íŒ�.
  • ì´ì „ 비용 환급: 최대 10ë§� 달러.
  • 퇴ì§ê¸�: 2026ë…� 7ì›� 7ì� ì´í›„ í•´ê³  ì‹� 12개월 급여 ë°� 비례 보너ìŠ� ì§€ê¸�, ì‚¬ë§ ë˜ëŠ” 장애 ì‹� 비례 ë³µë¦¬í›„ìƒ ì œê³µ.

계약서ì—ëŠ� 표준 ê²½ìŸ ê¸ˆì§€, 권유 금지 ë°� 기밀 유지 ì¡°í•­ì� í¬í•¨ë˜ì–´ 있습니다. ì „ì²´ 계약서는 2025ÔÆ� 6ì›� 30ì� 종료 분기 Sinclairì� 10-Q ë³´ê³ ì„œì— ì²¨ë¶€ë� 예정입니ë‹�.

투ìžìž� ìš”ì : ì´ë²ˆ 공시ëŠ� CFO êµì²´ì™€ 주가 성과ì—� 밀접하ê²� ì—°ë™ë� ì¸ì„¼í‹°ë¸Œ 패키지ë¥� 알리지ë§�, 재무 ì „ë§ì´ë‚˜ ìˆ˜ìµ ë°ì´í„°ëŠ” 제공하지 않습니다.

Sinclair, Inc. (NASDAQ : SBGI) a déposé un formulaire 8-K divulguant un changement clé de direction selon l’élément 5.02. À compter du 7 juillet 2025, Narinder Sahai, 51 ans, a été nommé Vice-Président Exécutif et Directeur Financier. La CFO en poste, Lucy Rutishauser, quittera son poste de CFO mais restera Vice-Présidente Exécutive pour faciliter la transition.

Parcours professionnel. Sahai a récemment occupé le poste de CFO chez Arcis Golf. Ses précédents postes incluent CFO et Conseiller Spécial chez RumbleOn (2022-2023), direction financière chez Amazon Web Services (2020-2022), SVP et Trésorier chez Target Hospitality (2019-2020), ainsi que divers postes financiers seniors chez TechnipFMC et Delphi. Il est titulaire d’un MBA (Ross School of Business, Université du Michigan), d’un diplôme d’ingénieur de l’Université Thapar, et est détenteur du titre CFA.

Principaux termes de rémunération :

  • Salaire de base : 700 000 $ (année 1), 750 000 $ (année 2), 800 000 $ (année 3).
  • Prime à la signature : 105 000 $.
  • Prime annuelle de performance : jusqu’Ã� 200% du salaire actuel, sous réserve des critères du Comité de Rémunération.
  • Prime de performance à long terme : jusqu’Ã� 2 millions $ déclenchée lorsque la moyenne du cours de l’action sur 22 jours dépasse 33 $, 40 $ et chaque incrément supplémentaire de 5 $.
  • Attribution d’actions : 1,75 million $ en RSU acquises le 7 juillet 2028 selon le Plan d’Incentives Actions 2022.
  • Remboursement de déménagement : jusqu’Ã� 100 000 $.
  • Indemnité de départ : après le 7 juillet 2026, 12 mois de salaire plus prime au prorata en cas de licenciement sans motif ou de démission pour bonne cause ; avantages au prorata en cas de décès ou d’invalidité.

L’accord comprend des clauses standard de non-concurrence, de non-sollicitation et de confidentialité. Le contrat complet sera déposé avec le formulaire 10-Q de Sinclair pour le trimestre se terminant le 30 juin 2025.

Points clés pour les investisseurs : Le dépôt signale une transition de CFO avec un package incitatif étroitement lié à la performance du cours de l’action, mais ne fournit pas d’orientations financières ni de données sur les résultats.

Sinclair, Inc. (NASDAQ: SBGI) hat ein 8-K eingereicht, das eine wichtige Führungsänderung unter Punkt 5.02 offenlegt. Mit Wirkung zum 7. Juli 2025 wurde Narinder Sahai, 51 Jahre alt, zum Executive Vice President und Chief Financial Officer ernannt. Die bisherige CFO, Lucy Rutishauser, wird von ihrer CFO-Position zurücktreten und als Executive Vice President verbleiben, um den Übergang zu erleichtern.

Beruflicher Hintergrund. Sahai war zuletzt CFO bei Arcis Golf. Zuvor hatte er Positionen als CFO und Sonderberater bei RumbleOn (2022-2023), Finanzleitung bei Amazon Web Services (2020-2022), SVP & Treasurer bei Target Hospitality (2019-2020) sowie verschiedene leitende Finanzpositionen bei TechnipFMC und Delphi inne. Er besitzt einen MBA (Ross School of Business, University of Michigan), einen Bachelor in Ingenieurwesen von der Thapar University und ist CFA-Charterholder.

Wesentliche Vergütungsbedingungen:

  • Grundgehalt: 700.000 $ (Jahr 1), 750.000 $ (Jahr 2), 800.000 $ (Jahr 3).
  • Unterzeichnungsbonus: 105.000 $.
  • Jährlicher Leistungsbonus: bis zu 200% des aktuellen Gehalts, abhängig von den Kriterien des Vergütungsausschusses.
  • Langfristiger Leistungsbonus: bis zu 2 Millionen $, ausgelöst, wenn der 22-Tage-Durchschnittskurs die Schwellen von 33 $, 40 $ und jede weitere 5 $-Steigerung überschreitet.
  • Aktienzuteilung: 1,75 Millionen $ in RSUs, die am 7. Juli 2028 gemäß dem Aktienanreizplan 2022 vesten.
  • Umzugskostenrückerstattung: bis zu 100.000 $.
  • Abfindung: Nach dem 7. Juli 2026 bei Kündigung ohne Grund oder Rücktritt aus wichtigem Grund 12 Monatsgehälter plus anteiliger Bonus; anteilige Leistungen bei Tod oder Behinderung.

Die Vereinbarung enthält standardmäßige Wettbewerbs-, Abwerbe- und Vertraulichkeitsklauseln. Der vollständige Vertrag wird mit Sinclairs Formular 10-Q für das Quartal zum 30. Juni 2025 eingereicht.

Fazit für Investoren: Die Einreichung signalisiert einen CFO-Wechsel mit einem Anreizpaket, das eng an die Aktienkursentwicklung gekoppelt ist, enthält jedoch keine Finanzprognosen oder Gewinnzahlen.

Positive
  • Experienced leadership infusion: Sahai brings multi-industry CFO and capital-markets expertise from Arcis Golf, RumbleOn, AWS and Target Hospitality.
  • Share-price-based incentives up to $2 million align the CFO’s rewards with shareholder returns, beginning at a $33 price threshold.
  • Reasonable severance cap of one-year salary limits potential payout risk.
Negative
  • Incremental cash costs include a $105 k signing bonus, up to $100 k relocation reimbursement and escalating base salary obligations.
  • CFO turnover introduces transition risk, though mitigated by outgoing CFO’s continued EVP role.

Insights

TL;DR: New CFO hire adds capital-markets depth; pay tied to stock; neutral near-term financial impact.

Sahai’s résumé spans public-company debuts, debt financing and global FP&A, which may strengthen Sinclair’s capital strategy. Compensation emphasizes equity alignment and share-price hurdles starting at $33—about governance best practice. Cash elements (signing bonus, relocation) are modest relative to Sinclair’s scale. As no guidance or operational changes accompany the announcement, immediate earnings impact is minimal; transition risk appears limited by Rutishauser’s ongoing EVP role.

TL;DR: Governance positive—succession disclosed promptly, incentives performance-based, severance capped at one-year salary.

The board communicated the CFO succession on the event date, complying with timely reporting standards. Stock-price-linked bonuses and a four-year vesting schedule reinforce long-term alignment. Severance of 12 months� salary plus prorated bonus aligns with prevailing market norms, mitigating excessive payout risk. Non-compete and non-solicitation clauses protect intellectual capital. Overall, the contract structure reflects shareholder-friendly governance without evident red flags.

Sinclair, Inc. (NASDAQ: SBGI) ha depositato un modulo 8-K comunicando un importante cambiamento nella leadership ai sensi della voce 5.02. A partire dal 7 luglio 2025, Narinder Sahai, 51 anni, è stato nominato Vice Presidente Esecutivo e Direttore Finanziario. L'attuale CFO, Lucy Rutishauser, lascerà il ruolo di CFO ma rimarrà Vice Presidente Esecutivo per agevolare la transizione.

Esperienza professionale. Sahai ha recentemente ricoperto il ruolo di CFO presso Arcis Golf. In precedenza è stato CFO e Consigliere Speciale presso RumbleOn (2022-2023), ha guidato la finanza di Amazon Web Services (2020-2022), è stato Senior Vice President e Tesoriere presso Target Hospitality (2019-2020), oltre a ricoprire ruoli di alto livello in ambito finanziario presso TechnipFMC e Delphi. È in possesso di un MBA (Ross School of Business, University of Michigan), una laurea in Ingegneria conseguita presso la Thapar University ed è charterholder CFA.

Termini chiave della retribuzione:

  • Salario base: 700.000 $ (primo anno), 750.000 $ (secondo anno), 800.000 $ (terzo anno).
  • Bonus di firma: 105.000 $.
  • Bonus annuale legato alla performance: fino al 200% del salario corrente, soggetto ai criteri del Comitato Retribuzioni.
  • Bonus a lungo termine: fino a 2 milioni di $ attivato quando il prezzo medio delle azioni su 22 giorni supera 33 $, 40 $ e ogni ulteriore incremento di 5 $.
  • Concessione di azioni: 1,75 milioni di $ in RSU con maturazione il 7 luglio 2028 secondo il Piano Incentivi Azionari 2022.
  • Rimborso per trasferimento: fino a 100.000 $.
  • Indennità di fine rapporto: dopo il 7 luglio 2026, 12 mesi di salario più bonus proporzionato in caso di licenziamento senza giusta causa o dimissioni per giusta causa; benefici proporzionati in caso di morte o invalidità.

L'accordo include clausole standard di non concorrenza, non sollecitazione e riservatezza. Il contratto completo sarà allegato al modulo 10-Q di Sinclair per il trimestre terminante il 30 giugno 2025.

Considerazioni per gli investitori: Il deposito segnala una transizione del CFO con un pacchetto incentivante strettamente legato alla performance del prezzo delle azioni, ma non fornisce indicazioni finanziarie o dati sugli utili.

Sinclair, Inc. (NASDAQ: SBGI) presentó un formulario 8-K divulgando un cambio clave en el liderazgo bajo el punto 5.02. A partir del 7 de julio de 2025, Narinder Sahai, de 51 años, ha sido nombrado Vicepresidente Ejecutivo y Director Financiero. La actual CFO, Lucy Rutishauser, dejará el cargo de CFO y permanecerá como Vicepresidente Ejecutivo para facilitar la transición.

Experiencia profesional. Sahai se desempeñó recientemente como CFO de Arcis Golf. Ocupó cargos anteriores como CFO y Asesor Especial en RumbleOn (2022-2023), liderazgo financiero en Amazon Web Services (2020-2022), SVP y Tesorero en Target Hospitality (2019-2020), y varios roles financieros senior en TechnipFMC y Delphi. Posee un MBA (Ross School of Business, University of Michigan), una licenciatura en Ingeniería de la Universidad Thapar, y es titular de la certificación CFA.

Términos clave de compensación:

  • Salario base: $700,000 (año 1), $750,000 (año 2), $800,000 (año 3).
  • Bono de firma: $105,000.
  • Bono anual por desempeño: hasta el 200% del salario actual, sujeto a los criterios del Comité de Compensación.
  • Bono por desempeño a largo plazo: hasta $2 millones activado cuando el precio promedio de la acción en 22 días supera $33, $40 y cada incremento adicional de $5.
  • Concesión de acciones: $1.75 millones en RSU que se consolidan el 7 de julio de 2028 bajo el Plan de Incentivos de Acciones 2022.
  • Reembolso por reubicación: hasta $100,000.
  • Indemnización: después del 7 de julio de 2026, 12 meses de salario más bono prorrateado en caso de terminación sin causa o renuncia por causa justificada; beneficios prorrateados en caso de muerte o discapacidad.

El acuerdo incluye cláusulas estándar de no competencia, no solicitación y confidencialidad. El contrato completo se presentará con el Formulario 10-Q de Sinclair para el trimestre que finaliza el 30 de junio de 2025.

Conclusión para inversores: La presentación indica una transición en el CFO con un paquete de incentivos estrechamente ligado al rendimiento del precio de las acciones, pero no proporciona orientación financiera ni datos de ganancias.

Sinclair, Inc. (NASDAQ: SBGI)ëŠ� 5.02항목ì—� 따른 주요 리ë”ì‹� ë³€ë™ì„ 공시하는 8-Kë¥� 제출했습니다. 2025ÔÆ� 7ì›� 7ì�ë¶¶Äë¡� 나린ë� 사하ì�(51ì„�)ê°€ 최고재무책임ìž�(CFO) ê²� 부사장으로 임명ë˜ì—ˆìŠµë‹ˆë‹�. í˜� CFOì� 루시 루티샤우저ëŠ� CFOì§ì—ì„� 물러ë‚� 전환ì� ì§€ì›í•˜ê¸� 위해 부사장으로 ë‚¨ì„ ì˜ˆì •ìž…ë‹ˆë‹�.

경력 ë°°ê²½. 사하ì´ëŠ” 최근 Arcis Golfì—서 CFOë¡� 재ì§í–ˆìŠµë‹ˆë‹¤. ì´ì „ì—는 RumbleOnì—서 CFO ë°� 특별 고문(2022-2023), Amazon Web Servicesì� 재무 리ë”ì‹�(2020-2022), Target Hospitalityì� ìˆ˜ì„ ë¶€ì‚¬ìž¥ ê²� 재무 담당(2019-2020), TechnipFMC ë°� Delphiì—서 다양í•� 고위 재무 ì—­í• ì� 수행했습니다. 그는 미시ê°� ëŒ€í•™êµ ë¡œìŠ¤ ê²½ì˜ëŒ€í•™ì› MBA, Thapar 대í•� 공학 학사 학위ë¥� 보유하고 있으ë©� CFA ìžê²©ì¦� 소지ìžìž…니다.

주요 ë³´ìƒ ì¡°ê±´:

  • 기본 급여: 1ë…„ì°¨ 70ë§� 달러, 2ë…„ì°¨ 75ë§� 달러, 3ë…„ì°¨ 80ë§� 달러.
  • 서명 보너ìŠ�: 10ë§� 5ì²� 달러.
  • ì—°ê°„ 성과 보너ìŠ�: 현재 급여ì� 최대 200%, ë³´ìƒ ìœ„ì›íš� 기준ì—� 따름.
  • 장기 성과 보너ìŠ�: 22ì� í‰ê·  주가가 33달러, 40달러 ë°� ì´í›„ ë§� 5달러 ìƒìй ì‹� 최대 200ë§� 달러 ì§¶Äê¸�.
  • ì£¼ì‹ ë¶€ì—�: 2022ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 플랜ì—� ë”°ë¼ 175ë§� 달러 ìƒë‹¹ì� RSUê°€ 2028ë…� 7ì›� 7ì�ì—� 베스íŒ�.
  • ì´ì „ 비용 환급: 최대 10ë§� 달러.
  • 퇴ì§ê¸�: 2026ë…� 7ì›� 7ì� ì´í›„ í•´ê³  ì‹� 12개월 급여 ë°� 비례 보너ìŠ� ì§€ê¸�, ì‚¬ë§ ë˜ëŠ” 장애 ì‹� 비례 ë³µë¦¬í›„ìƒ ì œê³µ.

계약서ì—ëŠ� 표준 ê²½ìŸ ê¸ˆì§€, 권유 금지 ë°� 기밀 유지 ì¡°í•­ì� í¬í•¨ë˜ì–´ 있습니다. ì „ì²´ 계약서는 2025ÔÆ� 6ì›� 30ì� 종료 분기 Sinclairì� 10-Q ë³´ê³ ì„œì— ì²¨ë¶€ë� 예정입니ë‹�.

투ìžìž� ìš”ì : ì´ë²ˆ 공시ëŠ� CFO êµì²´ì™€ 주가 성과ì—� 밀접하ê²� ì—°ë™ë� ì¸ì„¼í‹°ë¸Œ 패키지ë¥� 알리지ë§�, 재무 ì „ë§ì´ë‚˜ ìˆ˜ìµ ë°ì´í„°ëŠ” 제공하지 않습니다.

Sinclair, Inc. (NASDAQ : SBGI) a déposé un formulaire 8-K divulguant un changement clé de direction selon l’élément 5.02. À compter du 7 juillet 2025, Narinder Sahai, 51 ans, a été nommé Vice-Président Exécutif et Directeur Financier. La CFO en poste, Lucy Rutishauser, quittera son poste de CFO mais restera Vice-Présidente Exécutive pour faciliter la transition.

Parcours professionnel. Sahai a récemment occupé le poste de CFO chez Arcis Golf. Ses précédents postes incluent CFO et Conseiller Spécial chez RumbleOn (2022-2023), direction financière chez Amazon Web Services (2020-2022), SVP et Trésorier chez Target Hospitality (2019-2020), ainsi que divers postes financiers seniors chez TechnipFMC et Delphi. Il est titulaire d’un MBA (Ross School of Business, Université du Michigan), d’un diplôme d’ingénieur de l’Université Thapar, et est détenteur du titre CFA.

Principaux termes de rémunération :

  • Salaire de base : 700 000 $ (année 1), 750 000 $ (année 2), 800 000 $ (année 3).
  • Prime à la signature : 105 000 $.
  • Prime annuelle de performance : jusqu’Ã� 200% du salaire actuel, sous réserve des critères du Comité de Rémunération.
  • Prime de performance à long terme : jusqu’Ã� 2 millions $ déclenchée lorsque la moyenne du cours de l’action sur 22 jours dépasse 33 $, 40 $ et chaque incrément supplémentaire de 5 $.
  • Attribution d’actions : 1,75 million $ en RSU acquises le 7 juillet 2028 selon le Plan d’Incentives Actions 2022.
  • Remboursement de déménagement : jusqu’Ã� 100 000 $.
  • Indemnité de départ : après le 7 juillet 2026, 12 mois de salaire plus prime au prorata en cas de licenciement sans motif ou de démission pour bonne cause ; avantages au prorata en cas de décès ou d’invalidité.

L’accord comprend des clauses standard de non-concurrence, de non-sollicitation et de confidentialité. Le contrat complet sera déposé avec le formulaire 10-Q de Sinclair pour le trimestre se terminant le 30 juin 2025.

Points clés pour les investisseurs : Le dépôt signale une transition de CFO avec un package incitatif étroitement lié à la performance du cours de l’action, mais ne fournit pas d’orientations financières ni de données sur les résultats.

Sinclair, Inc. (NASDAQ: SBGI) hat ein 8-K eingereicht, das eine wichtige Führungsänderung unter Punkt 5.02 offenlegt. Mit Wirkung zum 7. Juli 2025 wurde Narinder Sahai, 51 Jahre alt, zum Executive Vice President und Chief Financial Officer ernannt. Die bisherige CFO, Lucy Rutishauser, wird von ihrer CFO-Position zurücktreten und als Executive Vice President verbleiben, um den Übergang zu erleichtern.

Beruflicher Hintergrund. Sahai war zuletzt CFO bei Arcis Golf. Zuvor hatte er Positionen als CFO und Sonderberater bei RumbleOn (2022-2023), Finanzleitung bei Amazon Web Services (2020-2022), SVP & Treasurer bei Target Hospitality (2019-2020) sowie verschiedene leitende Finanzpositionen bei TechnipFMC und Delphi inne. Er besitzt einen MBA (Ross School of Business, University of Michigan), einen Bachelor in Ingenieurwesen von der Thapar University und ist CFA-Charterholder.

Wesentliche Vergütungsbedingungen:

  • Grundgehalt: 700.000 $ (Jahr 1), 750.000 $ (Jahr 2), 800.000 $ (Jahr 3).
  • Unterzeichnungsbonus: 105.000 $.
  • Jährlicher Leistungsbonus: bis zu 200% des aktuellen Gehalts, abhängig von den Kriterien des Vergütungsausschusses.
  • Langfristiger Leistungsbonus: bis zu 2 Millionen $, ausgelöst, wenn der 22-Tage-Durchschnittskurs die Schwellen von 33 $, 40 $ und jede weitere 5 $-Steigerung überschreitet.
  • Aktienzuteilung: 1,75 Millionen $ in RSUs, die am 7. Juli 2028 gemäß dem Aktienanreizplan 2022 vesten.
  • Umzugskostenrückerstattung: bis zu 100.000 $.
  • Abfindung: Nach dem 7. Juli 2026 bei Kündigung ohne Grund oder Rücktritt aus wichtigem Grund 12 Monatsgehälter plus anteiliger Bonus; anteilige Leistungen bei Tod oder Behinderung.

Die Vereinbarung enthält standardmäßige Wettbewerbs-, Abwerbe- und Vertraulichkeitsklauseln. Der vollständige Vertrag wird mit Sinclairs Formular 10-Q für das Quartal zum 30. Juni 2025 eingereicht.

Fazit für Investoren: Die Einreichung signalisiert einen CFO-Wechsel mit einem Anreizpaket, das eng an die Aktienkursentwicklung gekoppelt ist, enthält jedoch keine Finanzprognosen oder Gewinnzahlen.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
 
Form 8-K
 
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 
July 7, 2025
Date of Report (Date of earliest event reported)
 
Sinclair, Inc.
(Exact name of registrant as specified in its charter)
Maryland333-27107292-1076143
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification Number)

Sinclair Broadcast Group, LLC
(Exact name of registrant as specified in its charter)
Maryland000-2607652-1494660
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification Number)
 
10706 Beaver Dam Road Hunt Valley, MD  21030
(Address of principal executive offices and zip code)
 
(410) 568-1500
(Registrants' telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Sinclair, Inc.
Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, par value $ 0.01 per shareSBGIThe NASDAQ Stock Market LLC

Sinclair Broadcast Group, LLC
Title of each classTrading SymbolName of each exchange on which registered
NoneN/AN/A




Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Sinclair, Inc.  Sinclair Broadcast Group, LLC 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  Sinclair, Inc. Sinclair Broadcast Group, LLC




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

On July 7, 2025, Sinclair, Inc. ("Sinclair" or the "Company") announced that Narinder Sahai was appointed as the Company’s Executive Vice President and Chief Financial Officer effective July 7, 2025 (the “Effective Date”). With this appointment, Lucy Rutishauser will step down as Chief Financial Officer and continue as Executive Vice President to support the transition.

Before joining the Company, Mr. Sahai, 51, served as Chief Financial Officer of Arcis Golf, a leading leisure and hospitality operator, where he led financial planning, accounting, tax, treasury and debt investor relations since June 2023. From February 2022 to January 2023, Mr. Sahai served as Chief Financial Officer and subsequently served as Special Advisor from January 2023 to April 2023 for RumbleOn, Inc., a Nasdaq-listed technology-driven omnichannel powersports platform, where he built the financial planning and analysis function, launched the internal audit and SOX compliance programs, and executed successful integration of transformative acquisitions. From August 2020 to January 2022, Mr. Sahai served as Head of Worldwide Go-to-Market Finance – Compute and Artificial Intelligence/Machine Learning at Amazon Web Services (“AWS”), providing financial leadership for specialist sales teams across global markets. Before AWS, Mr. Sahai served as Senior Vice President, Treasurer, and Investor Relations of Target Hospitality from January 2019 to January 2020, where he managed all investor relations and capital markets activities for the company’s public market debut and executed comprehensive debt financing transactions. Before Target Hospitality, Mr. Sahai served in numerous finance leadership positions with FMC Technologies, Inc. and TechnipFMC plc. from 2009 to 2018 with his last position as Finance Director, Investor Relations. Before TechnipFMC, Mr. Sahai served in several finance positions with Delphi Corporation from 2003 to 2009 with his last position as Manager, Financial Risk Management. Mr. Sahai holds a Bachelor of Engineering in Electronics and Electrical Communication Engineering, graduating as valedictorian, from Thapar University in India, and a Master of Business Administration with High Distinction from the Ross School of Business at the University of Michigan in Ann Arbor, Michigan. Mr. Sahai is also a CFA® Charterholder.

At the Effective Date, the Company entered into an employment agreement with Mr. Sahai (the “Agreement”). Under the Agreement, Mr. Sahai is entitled to an annual base salary of $700,000, $750,000 and $800,000 during his first, second and third years of employment, respectively. Mr. Sahai is entitled to receive (i) a one-time signing bonus of $105,000 and (ii) an annual performance bonus for each of the first three years of his employment of up to 200% of his then-current annual base salary, subject to achievement of criteria determined by the compensation committee (the “Compensation Committee”) of the board of directors (the “Board”) of the Company after consultation with the Company’s Chief Executive Officer (“CEO”). Mr. Sahai is also eligible to receive certain long-term performance bonuses of $2,000,000 if the average of the closing sales prices of shares of Sinclair’s Class A common stock over a twenty-two (22) trading day period exceeds (i) $33 per share, (ii) $40 per share, and (iii) every $5 per share interval thereafter, in each case adjusted for certain events as described in the Agreement, with the value of the adjustment reasonably determined by the Compensation Committee. Mr. Sahai will receive a grant of restricted stock units (“RSUs”) with a grant date value of $1,750,000, which shall vest entirely on July 7, 2028. The RSUs will be issued pursuant to the terms of the Company’s 2022 Stock Incentive Plan. Mr. Sahai will be reimbursed for up to $100,000 of relocation expenses. Any changes to Mr. Sahai’s base salary, cash bonus or equity incentive opportunities for future calendar years shall be determined by the Compensation Committee after consultation with the CEO.

Mr. Sahai is also entitled to the following severance benefits, in addition to any earned but unpaid normal compensation and benefits as of the termination date: (i) in the case of his death or termination due to disability, prorated amounts based on the prior year’s annual performance bonus and a payout of unused vacation; and (ii) in the case of his termination without Cause or his resignation for Good Reason (each as defined in the Agreement), or a termination for any reason (other than Cause) either within twelve (12) months prior to or following a Change in Control, (a) after July 7, 2026, a lump-sum cash payment in an amount equal to twelve (12) months’ worth of Mr. Sahai’s then current base salary, (b) prorated annual performance bonus (based on actual Company achievement of performance criteria) and (c) a payout of unused vacation, with clauses (a) and (b) subject to execution of a release of claims. The Agreement also contains non-competition, non-solicitation and confidentiality restrictions on Mr. Sahai.

The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which will be filed with the Company’s quarterly report on Form 10-Q for the second quarter ended June 30, 2025.




Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
Exhibit No.Description
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SINCLAIR, INC.
SINCLAIR BROADCAST GROUP, LLC


By: /s/ David R. Bochenek
        
Name:    David R. Bochenek
Title:    Senior Vice President / Chief Accounting Officer
Dated: July 7, 2025


FAQ

When does Narinder Sahai assume the Chief Financial Officer role at Sinclair (SBGI)?

He becomes EVP & CFO on July 7 2025.

What is the new CFO’s base salary and potential annual bonus?

Base salary starts at $700 k year 1, rising to $800 k year 3; annual bonus can reach 200 % of salary.

How are long-term incentives structured for Mr. Sahai?

He can earn up to $2 million if the 22-day average share price exceeds $33, $40 and each $5 increment thereafter, plus $1.75 million in RSUs vesting 2028.

What role will former CFO Lucy Rutishauser hold after the transition?

Ms. Rutishauser will remain with Sinclair as an Executive Vice President to support the handover.

Are severance benefits included in the employment agreement?

Yes. After July 7 2026, termination without Cause or for Good Reason triggers 12 monthsâ€� salary and prorated bonus, subject to a release.

Will the full employment agreement be publicly available?

Sinclair plans to file the agreement with its Q2 2025 Form 10-Q.
Sinclair

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