David Lockwood, the EnergySolutions CEO who engineered the company’s recent sale to investment firm Energy Capital Partners, reached a new employment agreement to continue in that position late last week. According to filings with the Securities and Exchange Commission, under the employment agreement Lockwood will be paid $600,000 as an annual base salary, with the potential for a 100 percent match cash bonus in each fiscal year, beginning in fiscal year 2014. Lockwood also received a cash payment equal to $16,819,184 in connection with the acquisition deal, which was completed May 24. Lockwood agreed to purchase $5 million in EnergySolutions stock.
Partner Content
Jobs