Shareholders of Sinclair Broadcast Group Inc. approved the company's executive pay package in a "say on pay" nonbinding vote Thursday.
Besides weighing in on compensation during Sinclair's annual meeting, shareholders also re-elected the broadcaster's eight directors, including Chairman David D. Smith, Sinclair's chief executive officer and president.
Smith's total compensation last year was $3.6 million, including $1 million base salary, $1 million cash bonus and $1.6 million in option awards, up from a total compensation of $1 million in salary with no bonuses or option awards in 2009. For this year, Smith's salary has been set at $1 million, with a maximum bonus of $1 million.
Sinclair owns and operates and manages programs for 58 television stations in 35 markets, including FOX 45 and CWBaltimore.