Research Reports

Summary

Reservoir Media, Inc. entered into amended and restated employment agreements effective April 1, 2026, with Named Executive Officers Golnar Khosrowshahi (CEO), Rell Lafargue (President & COO), and James Heindlmeyer (CFO), superseding prior agreements and establishing new compensation terms including base salaries, bonuses, equity awards, and severance provisions.

Key takeaways

Amended employment agreements signed March 5, 2026, effective April 1, 2026 for CEO Golnar Khosrowshahi, President & COO Rell Lafargue, and CFO James Heindlmeyer
Khosrowshahi base salary $600,000 (3% annual increases), 100% target cash bonus, 100% annual equity award vesting on grant
Lafargue base salary $600,000 (3% annual increases), 100% target cash bonus, 100% annual equity award vesting on grant
Heindlmeyer base salary $425,000 (3% annual increases), 50% target cash bonus, 75% annual equity award vesting on grant
Initial 3-year terms; Khosrowshahi auto-renews every 2 years, others with company option for 2-year extension
Severance for termination without Cause or Good Reason includes lump sum for balance of term or 2x (salary + bonus + equity), plus COBRA and pro-rata awards
Customary non-compete, non-solicitation provisions; board re-nomination during term