UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 30, 2006
MEDIACOM COMMUNICATIONS CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-29227 06-1566067
(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
100 Crystal Run Road
Middletown, New York 10941
(Address of principal executive offices)
Registrant's telephone number: (845) 695-2600
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On March 30, 2006, the Compensation Committee of Mediacom Communications
Corporation (the "Registrant") increased the annual base salary of Rocco B.
Commisso, the Registrant's Chairman and Chief Executive Officer, to $850,000,
effective January 1, 2006. In addition, Mr. Commisso was awarded for his
services to the Registrant in 2005: (i) a cash bonus in the amount of $425,000;
(ii) options to purchase 145,000 shares of Class A common stock; and (iii)
75,000 restricted stock units. These options and restricted stock units were
awarded under the Registrant's 2003 Incentive Plan. The options have an exercise
price of $5.83 per share and are subject to vesting in three equal installments,
commencing on March 30, 2007, and expire on March 30, 2012. The restricted stock
units are subject to vesting in three equal installments commencing on March 30,
2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: April 5, 2006
Mediacom Communications Corporation
By: /s/ Mark E. Stephan
--------------------------------
Mark E. Stephan
Executive Vice President,
Chief Financial Officer and
Treasurer