Reservoir Media has entered into amended and restated employment agreements with its top executives, effective April 1, 2026. The agreements involve Chief Executive Officer Golnar Khosrowshahi, President & Chief Operating Officer Rell Lafargue, and Chief Financial Officer James Heindlmeyer.

Under the new terms, Khosrowshahi and Lafargue will each receive an annual base salary of $600,000, while Heindlmeyer will earn $425,000. All three executives will see a 3% salary increase annually, starting April 1, 2027. The agreements also include annual cash bonuses and equity awards tied to performance milestones.

Khosrowshahi’s agreement spans an initial term of three years, automatically renewing for two-year periods. Her compensation package includes an annual cash bonus and equity award each equal to 100% of her base salary. The agreement also ensures her reappointment to the board upon the expiration of her term.

Lafargue’s agreement mirrors Khosrowshahi’s in terms of duration and financial incentives, with the company retaining the option to extend his term by two years. His performance-based incentives are also set at 100% of his base salary.

Heindlmeyer’s agreement also covers an initial three-year term, with an optional two-year extension. His annual cash bonus is targeted at 50% of his base salary, with an equity award set at 75% of his salary.

Each executive’s contract includes standard provisions for termination, non-compete, non-disclosure, and non-solicitation, ensuring the protection of Reservoir Media’s interests.

Disclaimer: This article is based on a Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC).