FUNimation’s parent company, Navarre, recently filed an 8-K approving a bonus opportunity of 50% his base salary for FUNimation CEO Gen Fukunaga at the completion of the upcoming 2011 fiscal year. The bonus opportunity is dependent upon EBITDA (earnings before interest, taxes, depreciation, and amortization) and net sales targets.
In related news, Fukunaga’s employment agreement with Navarre also provided an opportunity to receive two “performance-based bonuses” if FUNimation’s EBIT exceeded $60 million by the end of the 2010 fiscal year. Navarre will be releasing their fiscal 2010 report 03 June 2010, so we will not only get a further glimpse into these results and bonus opportunities, but also hopefully receive another batch of hints at where the domestic industry stands and how FUNimation will continues to play a role in it. That is important to all Dragon Ball fans here in the US!