Three-year employment term of President and CEO Jack Stahl, originally scheduled to end Feb. 28, 2005, has been extended to February 28, 2008 under amended employment agreement between Revlon and the exec, according to an 8-K filed with the Securities & Exchange Commission Dec. 17. In recognition of Revlon's and the chief exec's confidence in the "long-term equity value" of the firm, Stahl's stock option and restricted share awards also have been amended. Under the new terms, if the exec is terminated by Revlon without cause or by himself for "good reason," share awards would "continue to vest in accordance with their terms as if his employment had not been terminated," the filing states. The former Coca-Cola exec took the helm at Revlon in 2002, succeeding Jeffrey Nugent (1"The Rose Sheet" Feb. 25, 2002, p. 6)...

Three-year employment term of President and CEO Jack Stahl, originally scheduled to end Feb. 28, 2005, has been extended to February 28, 2008 under amended employment agreement between Revlon and the exec, according to an 8-K filed with the Securities & Exchange Commission Dec. 17. In recognition of Revlon's and the chief exec's confidence in the "long-term equity value" of the firm, Stahl's stock option and restricted share awards also have been amended. Under the new terms, if the exec is terminated by Revlon without cause or by himself for "good reason," share awards would "continue to vest in accordance with their terms as if his employment had not been terminated," the filing states. The former Coca-Cola exec took the helm at Revlon in 2002, succeeding Jeffrey Nugent (1"The Rose Sheet" Feb. 25, 2002, p. 6)...

Revlon plans to accelerate several elements of its growth strategy using $150 mil. in cash from a funding proposal by investment firm MacAndrews & Forbes, which is wholly-owned by Revlon's majority investor, Chairman Ronald Perelman, the company announced Dec. 18