Windstream's chief earned $4.4M in '16
Tony Thomas, chief executive officer of Windstream Holdings, made $4.4 million last year, the Little Rock telecommunications company said in its proxy statement filed Friday.
Thomas earned a salary of $1 million, stock awards of $2.2 million and other income of $1.2 million.
Windstream's five other highest-paid executives and their total pay for last year include David Works, former president of the enterprise division, $2.3 million; John Fletcher, legal officer, $2.1 million; Robert Gunderman, chief financial officer, $1.6 million; Sarah Day, president of the consumer division, about $800,000; and John Eichler, controller, about $635,000.
The company's annual meeting will be held May 25 via a live webcast. Stockholders will not be able to attend the meeting in person.
-- David Smith
LR permits in place for lofts' completion
MWF Construction of Little Rock has four permits for final-stage remodeling of the K Lofts apartment building at 315 Main St. in Little Rock.
Although the permits for the top four floors of the former Gus Blass Wholesale Co. warehouse are listed at $500,000 each, Matt Foster, owner of MWF Construction, said completing the work on the second, third, fourth and fifth floors actually will be about $375,000. He said he has a deadline of 60 days to complete the project.
The building will have 32 apartments. Electrical and plumbing work has been completed. "We have some floors to finish up; we'll install appliances and we'll get ready for final inspections," Foster said.
"The way the city works, when we pull a permit for a job that's been dormant, we have to use the original numbers and all the inspections have to be done again," Foster said. He declined to identify the project's financial backer.
Work on the project stalled over the years for several reasons, including foreclosures. Another setback occurred in October 2013 when a large section of the building's back wall collapsed into the alley. Rebuilding the wall cost an estimated $800,000, those behind the project at the time said.
-- Stephen Steed
With 9 stocks rising, index edges up 0.39
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 0.39 to 346.09 Friday.
Nine stocks advanced, eight declined and one was unchanged.
Acxiom rose 2.5 percent on average volume.
P.A.M. Transportation fell 4 percent on above-average trading.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 04/01/2017