Vizio Elevates Platform+ Point Man, Gives Him Performance-Based Options
Vizio promoted Platform+ business head Michael O’Donnell to chief revenue/strategic growth officer and granted him performance-based stock options worth more than $750,000 at current values that will vest in equal installments over the next four years, based on annual Platform+…
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net revenue growth, said an 8-K filed Monday at the SEC. Vizio also raised O’Donnell’s base salary 47% to $530,000, it said. Under O’Donnell’s watch, Platform+ revenue, drawn mainly from Vizio’s monetization of its SmartCast operating system and streaming business, grew 134% in the nine months ended Sept. 30 to $203.57 million compared with the same 2020 period, said a Nov. 10 10-Q filing. Vizio is scheduled to report 2021 results March 3.