Company: FOX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001628280-25-042772
Chunk: 61

Company: Fox Corp
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 61
---
 Nallen's employment agreement to extend the term of the employment agreement and compensatory arrangement with Mr. Nallen through June 30, 2028. Under the terms of the amended employment agreement, Mr. Nallen serves as President and Chief Operating Officer of the Company. Pursuant to the terms of his amended employment agreement, Mr. Nallen receives a base salary of $2.0 million per year and, beginning July 1, 2025, is eligible to receive an Annual Incentive Compensation award with a target of $4.0 million (for fiscal 2025, a target of $3.0 million and a maximum payout of $6.0 million). The criteria for the achievement of the bonus amount are established by the Compensation Committee.

In addition, the amended employment agreement provides that, beginning July 1, 2025, Mr. Nallen is eligible to receive Annual SAP Awards with an annual target award equal to $6.5 million (for fiscal 2025, an annual target award equal to $5.0 million). Mr. Nallen is entitled to participate in any employee benefit plans of the Company available to other comparative executives of the Company. Additionally, Mr. Nallen is entitled to legacy enhanced retirement benefits that were assumed by FOX. The legacy enhanced retirement benefits for Mr. Nallen are substantially similar to the legacy retirement benefits for Mr. L.K. Murdoch.

The employment agreement also provides for certain payments and benefits to Mr. Nallen upon his separation from the Company. For a discussion of these provisions of the employment agreement, please see the section titled “Potential Payments Upon Termination.”

#### Steven Tomsic
The Company maintains an employment agreement with Mr. Tomsic, with a term of employment concluding June 30, 2026. Under the terms of the employment agreement, Mr. Tomsic serves as Chief Financial Officer of the Company. Pursuant to the terms of his employment agreement, Mr. Tomsic receives a base salary of $1.75 million per year and is eligible to receive an Annual Incentive Compensation award with a target of $2.75 million and a maximum payout of $5.5 million. The criteria for the achievement of the bonus amount are established by the Compensation Committee.

In addition, the agreement provides that Mr. Tomsic is eligible to receive Annual SAP Awards with an annual target award equal to $3.0 million. Mr. Tomsic is entitled to participate in any employee benefit plans of the Company available to