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Jeffrey Katzenberg extends contract


April 28, 2009 DreamWorks Animation CEO Jeffrey Katzenberg on Wednesday announced the company's strongest first quarter ever, then said he has extended his employment contract another four years. Katzenberg's pact was set to expire at the end of the year, but he'll remain CEO through April 22, 2014, with much of his pay dependent on DWA's stock price. If those share-price goals are met, DWA's compensation committee also might award Katzenberg as much as $8 million more in equity-based compensation in October 2010, according to a regulatory filing.

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