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ATLANTIC TELE NETWORK INC /DE FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 20, 2014, Barry C. Fougere joined Atlantic Tele-Network, Inc. (the "Company") as Senior Vice President of Business Operations. Prior to joining the Company, Mr. Fougere, age 49, served as the President of Sunapee Advisors and interim Chief Executive Officer at BroadStar Wind Systems, LP, a developer of renewable energy products and services. Previously, Mr. Fougere was the Chief Executive Officer of BigBelly Solar in the waste and recycling sector and of Colubris Networks, a developer of wireless networking systems that was acquired by HP . He has also served as a Partner with A.T.Kearney, Cambridge Strategic Management Group and Heidrick & Struggles. Mr. Fougere received a B.S. degree from Worcester Polytechnic Institute, a Masters in Mechanical Engineering from Rensselaer Polytechnic Institute and a dual M.B.A. and Masters in Engineering Management from Northwestern University. Mr. Fougere will receive an initial annual base salary of $255,000. In addition, Mr. Fougere will receive a one-time signing bonus of $20,000 and will be eligible to receive an initial annual performance bonus targeted at 50% of his base salary. Mr. Fougere will receive an initial equity award worth approximately $450,000 subject to vesting and other provisions, and will be eligible for future annual awards as and when considered for other executives. Mr. Fougere will also be entitled to participate in the Company's medical, dental, 401(k) and other standard benefit plans generally available to Company employees. 2 -------------------------------------------------------------------------------- |