EX-99.1 2 execcompawards07.txt EXECUTIVE COMP. AWARDS Exhibit 99.1 Information Concerning Executive Compensation It has been the policy of Citizens Communications Company (the "Company") since the current management took over in late 2004 to emphasize performance based compensation through the payment of bonuses based upon achievement of Company and individual performance goals. On February 22, 2007, the Company's Compensation Committee in consultation with Mrs. Maggie Wilderotter, Chairman, President and Chief Executive Officer, approved base salary merit increases for each of the Company's current named executive officers (other than Mrs. Wilderotter), and also approved cash bonuses for 2006 and restricted stock grants for each of those executive officers. On February 22, 2007, the Company's Compensation Committee approved a base salary merit increase, a cash bonus for 2006 and a restricted stock grant for Mrs. Wilderotter. Mrs. Wilderotter's compensation was reviewed with and approved by the non-management directors of the Company's Board of Directors.
Name 2007 Salary (1) 2006 Bonus Amount Restricted Stock Award ---- --------------- ----------------- ---------------------- ($) ($) (#) Maggie Wilderotter, Chairman, $900,000 $825,000 160,000 President and Chief Executive Officer Donald R. Shassian, $438,000 $350,000 40,000 Chief Financial Officer John H. Casey, III, $415,000 $410,000 35,000 Executive Vice President Daniel J. McCarthy, $290,000 $238,000 35,000 Executive Vice President and Chief Operating Officer Peter B. Hayes, $292,000 $240,763 35,000 Executive Vice President, Sales, Marketing and Business Development ------------ (1) Includes increases for each of the executive officers named in the table, effective March 1, 2007.