Activision CFO Thomas Tippl will become the mega-publisher's chief operating officer, and hold the CFO role until a replacement is hired, says a new SEC filing that also details his earnings.
Activision chief financial officer Thomas Tippl will become the mega-publisher's chief operating officer, continuing to hold the CFO role until a replacement is hired to fill that spot. Tippl has also been the company's chief corporate officer, a title he resigns as he migrates roles. In the SEC filing that unveils the title shuffle for Tippl, who's held financial chief executive roles with Activision since 2005, it's revealed he'll be earning $850,000 per year going forward. Tippl will also have the opportunity to earn annual percentage increases for his salary, an amount "at least equal" to a percentage that the company's Board agrees upon for executives at Activision. He'll also be eligible for a yearly bonus aimed at 120 percent of his salary, depending on his performance and that of the company. Tippl also receives various stock options, including performance shares that vest every February from 2011 to 2014, provided the company makes its goals. Even if it misses some, his shares will still vest, according to Activision, if the company "over-delivers" in a subsequent year and makes up for its shortfalls.
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