According to the companys proxy filed with the SEC today, the CEO ofWarner Bros. WBD also set May 8 for its annual meeting of shareholders.
The proxy lists the salaries of the top five highest-paid executives.
The options do require the stock to hit certain metrics staggered over seven years before theyre in the money.
Warner Bros. Discovery CEO David ZaslavKevin Mazur/Getty Images for Warner Bros. Discovery
Earlier this month, Warner Bros.
Boosting cash and reducing leverage is crucial for WBD, which has debt load of nearly $50 billion.
The company has been shedding staff and programming and retooling its businesses.
It will roll out its new streaming strategy at a press event next month.
