Discovery Communications, Inc. (Form: 8-K)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   July 17, 2009

Discovery Communications, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 001-34177 35-2333914
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
One Discovery Place, Silver Spring, Maryland   20910
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   240-662-2000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 17, 2009, the Compensation Committee of the Board of Directors approved an amendment to the employment agreement between Discovery Communications, LLC and Chief Financial Officer Brad Singer. This employment agreement, dated June 11, 2008 (the "Employment Agreement"), was amended to (a) increase Mr. Singer’s base salary from $765,000 to $965,000, effective July 20, 2009, and (b) increase Mr. Singer’s annual incentive payment target from 75% of base salary to 100% of base salary, effective for fiscal year 2009 and for the balance of the Term of Employment under the Employment Agreement.





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Discovery Communications, Inc.
          
July 17, 2009   By:   /s/ Joseph A. LaSala, Jr.
       
        Name: Joseph A. LaSala, Jr.
        Title: Senior Executive Vice President, General Counsel and Secretary