• Who makes what at Lamar

    Lamar filed a proxy statement with details on the board of directors and executive salaries.  Insider’s observations:

    Lamar’s  independent board nominees include 3 family members and 4 outside execs with experience in fields critical to the company.

    • Insiders – Kevin Reilly, Anna Reilly,  Wendell Reilly.
    • Media – Steven Mumblow, Owner of TV station group owner Deerfield Media.  Mumblow also has a background in radio and newspapers.
    • Investment Banking – Thomas Reifenheiser, former Group Exec for Chase Securities.  Has expertise at capital raising.
    • General Business – Louisiana businessman John E Koerner, managing member of a private investment company.
    • Real Estate – Marshall Loeb, CEO of EastGroup Properties REIT.  Real estate and REIT expert.

    Insider wonders why there isn’t someone from advertising, ad-tech or data on the board.  This is an area critical to the future of out of home.  Outfront Media’s board includes an ad agency exec and someone from Youtube.

    Exec Compensation is tilted towards stock awards. 

    Kevin Reilly, Chairman and President – $3.7 million consisting consisting of stock ($3.3 million) and non-stock compensation ($600,000).

    Sean Reilly, CEO – $4.4 million consisting of stock ($3.3 million) and non stock ($1.1 million).

    Keith Istre, CFO – $3.1 million consisting of stock ($2.6 million) and non stock ($500,000).

    CEO Sean Reilly’s $4.4 million 2017 compensation package is below the $5.6 million paid to Outfront Media’s Jeremy Male in 2016 and above the $2.2 million paid to Clear Channel Outdoor CEO Scott Wells for 2016.

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