Avid to pay new VP $333,000
Will Smith  |  by www.hemscott.com. All rights reserved. 4.01 | 19:03

WASHINGTON (AFX) - Avid Technology Inc., maker of film and music editing equipment, announced Friday it will pay newly named Vice President and General Manager Graham Sharp an annual salary of $333,000.
replaces Charles Smith, who will leave the company in the coming weeks, according to a filing made today with the Securities and Exchange Commission.


Under Sharp s new employment agreement he has the option to purchase 60,000 shares of company common stock.
Shares of Avid Technology rose $1.08 in trading Friday to $39.

03 on the Nasdaq.
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Keywords: Avid Technology
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