UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): March 1, 2010
CBS
CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
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001-09553
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04-2949533
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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51
West 52nd
Street, New York, New York
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10019
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(Address
of principal executive offices)
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(zip
code)
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Registrant’s
telephone number, including area code: (212) 975-4321
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 (see General Instruction
A.2. below):
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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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.
(c)
On March 1, 2010, CBS Corporation (the “Company”) announced the appointment of
Thomas S. Shilen, Jr. as the Company’s Senior Vice President, Controller and
Chief Accounting Officer, effective March 1, 2010.
Prior to
joining the Company, Mr. Shilen, age 50, served as Senior Vice President and
Corporate Controller (principal accounting officer) of Sara Lee Corporation
since November 2008. Prior to that time, Mr. Shilen served as Senior
Vice President, Global Reporting and Deputy Controller for American Express from
2007 to 2008, Chief Administrative Officer and Chief Financial Officer for Citi
Home Equity from 2005 to 2007, and as Chief Financial Officer with The Citigroup
Private Bank from 2003 to 2005. Prior to that, Mr. Shilen served as
Chief Financial Officer or Controller for various divisions of General Electric
Company from 1998 to 2003, and prior to that, held various finance positions at
PepsiCo, Inc.
A copy of
the press release announcing the appointment of Mr. Shilen is filed herewith as
Exhibit 99.
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Item
9.01
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Financial
Statements and Exhibits.
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(d) Exhibits. The
following Exhibit is filed as part of this Report on Form 8-K:
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Exhibit Number
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Description of Exhibit
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|||||
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99
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Press
Release of CBS Corporation, dated March 1, 2010, announcing the
appointment of Thomas S. Shilen, Jr. as Senior Vice President, Controller
and Chief Accounting Officer
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SIGNATURE
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.
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CBS
CORPORATION
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(Registrant)
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By:
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/s/ Louis J. Briskman
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Name:
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Louis
J. Briskman
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Title:
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Executive
Vice President and
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General
Counsel
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Date:
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March
1, 2010
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Exhibit
Index
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Exhibit Number
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Description of Exhibit
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99
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Press
Release of CBS Corporation, dated March 1, 2010, announcing the
appointment of Thomas S. Shilen, Jr. as Senior Vice President, Controller
and Chief Accounting Officer
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 |
March 1,
2010
THOMAS
S. SHILEN, JR. NAMED SENIOR VICE PRESIDENT, CONTROLLER AND CHIEF ACCOUNTING
OFFICER, CBS CORPORATION
Thomas S.
Shilen, Jr. has been named Senior Vice President, Controller and Chief
Accounting Officer, CBS Corporation (NYSE: CBS.A and CBS), it was announced
today by Joseph Ianniello, Executive Vice President and Chief Financial
Officer. Shilen reports to Ianniello and begins today.
In this role, Shilen will have overall
responsibility for the controllership and financial reporting activities of CBS
Corporation. He will also have oversight of the Company's Legacy
Operations and Information Systems and Technology Departments.
“I’m very pleased to be bringing
someone of Tom’s caliber to CBS,” said Ianniello. “He comes to us
with nearly 30 years’ experience in accounting and financial controls, and has
spent the last 18 years in senior controllership functions at a variety of
Fortune 500 companies. I am confident that Tom’s background and skill
set will be a benefit to CBS, and look forward to the many contributions he’ll
make in this key role for years to come.”
Shilen joins CBS from Sara Lee
Corporation, where he was Senior Vice President and Corporate
Controller. Prior to that he was Senior Vice President, Global
Reporting and Deputy Controller at American Express Company. Shilen
also spent four years at Citigroup, Inc., first as Chief Financial Officer of
The Citigroup Private Bank and then as Chief Administrative Officer and CFO of
Citi Home Equity. From 1998 to 2003, Shilen held various senior level
positions at General Electric Company, including three years as CFO of GE
Capital Markets Services, Inc., and two as Vice President, Corporate Finance and
Controller of NBC. From 1992 to 1998, he was with Pepsico, Inc.,
holding a number of accounting and controllership roles. Shilen began
his career as an accountant with Coopers & Lybrand, and also spent seven
years with Deloitte & Touche.
A
graduate of the University of Notre Dame and a Certified Public Accountant in
New York and Florida, Shilen lives with his family in Greenwich, CT, and serves
on the boards and committees of several charitable organizations.
About
CBS Corporation
CBS
Corporation (NYSE: CBS.A and CBS) is a mass media company with constituent parts
that reach back to the beginnings of the broadcast industry, as well as newer
businesses that operate on the leading edge of the media
industry. The Company, through its many and varied operations,
combines broad reach with well-positioned local businesses, all of which provide
it with an extensive distribution network by which it serves audiences and
advertisers in all 50 states and key international markets. It has
operations in virtually every field of media and entertainment, including
broadcast television (CBS and The CW – a joint venture between CBS Corporation
and Warner Bros. Entertainment), cable television (Showtime Networks and CBS
College Sports Network), local television (CBS Television Stations), television
production and syndication (CBS Television Studios, CBS Studios International
and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home
media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS
Interactive), music (CBS Records), licensing and merchandising (CBS Consumer
Products), video/DVD (CBS Home Entertainment) and motion pictures (CBS
Films). For more information, log on to www.cbscorporation.com.
* * *
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Press
Contacts:
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Dana
McClintock
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(212)
975-1077
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dlmcclintock@cbs.com
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Andrea
Prochniak
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(212)
975-1942
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andrea.prochniak@cbs.com
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