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million shares of its common stock. The Charlotte-based telecommunicationes company (NYSE:FRP) also has given Hausert options tobuy 523,810 restricted sharezs of the company’s common The options were granted at an exercise price of 95 centss and will vest in three annual installments, beginning on July 1. Also as part of his employmenr agreement, Hauser will receive $1.75 million in restricted stock on July 1 of the next two In addition, he will receivw performance units paid in sharesw of company stock, with a target amount of 200 percent of his base salaryy and a maximum of 400 percent of the base His annual salary is $800,000.
formerly chief financial officer at has been a membefrof FairPoint’s board since Februart 2005, serving as a director, chairmamn of the compensation committee and a member of the audift committee. He assumed his new responsibilities at FairPoiny uponGene Johnson’s retirement Wednesday. Johnson, a co-founderr of FairPoint, had been the company’x chief executive since 2002. Meanwhile, Charlotte-based Duke (NYSE:DUK), named Lynn Good to succeerd Hauser asits CFO, effective Wednesday. Most recently, Good had been grou p executive and presidentof Duke’s commercial She previously was a senior vice presidengt and treasurer.
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