This excerpt taken from the MCCC DEF 14A filed May 1, 2006.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Investment banking firms or their affiliates have in the past engaged in transactions with and performed services for our affiliates and us in the ordinary course of business, including commercial banking, financial advisory and investment banking services. Furthermore, these companies or their affiliates may perform similar services for our affiliates and us in the future. Affiliates of certain of these companies are agents and lenders under our subsidiary credit facilities. The Bank of New York, an affiliate of BNY Capital Markets, Inc., acts as trustee for certain of our senior notes and our convertible senior notes. Deutsche Bank Trust Company Americas, an affiliate of Deutsche Bank Securities Inc., acts as registrar and paying agent for certain of our senior notes.
Catherine Commisso, wife of Rocco B. Commisso, our Chairman and Chief Executive Officer, is one of our employees. In 2005, she earned approximately $87,000 in annual salary and bonus and was granted 1,400 restricted stock units. The per share value on the date of this grant was $5.72, and these restricted stock units vest in four equal annual installments and, upon vesting, convert on a one-to-one basis into shares of Class A common stock. She also participates in our employee benefit plans on the same basis as other similarly situated employees. Ms. Commisso currently holds the position of Director, Corporate Administration.
Kathleen Walsh, wife of Brian Walsh, an executive officer of our company, was one of our employees through the end of 2005. In 2005, she earned approximately $70,000 in annual salary. She also participated in our employee benefit and equity incentive plans on the same basis as other similarly situated employees. Ms. Walsh held the position of Director, Human Resources until her last day at the company on December 30, 2005.