Juno 2013 Annual Report Download - page 61

Table of Contents
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Communications restructuring and other exit costs were immaterial for the years ended December 31, 2013 and 2012.
Corporate Revenues
Corporate revenues for the year ended December 31, 2013 were related to transition services provided to FTD in connection with the FTD Spin-
Off Transaction.
Unallocated Corporate Expenses
The increase in unallocated corporate expenses, excluding depreciation, amortization of intangible assets and restructuring and other exit costs, was
primarily due to an $8.2 million increase in transaction-related costs and a $2.7 million increase in personnel- and overhead-related costs primarily due
to an increase in stock-based compensation, partially offset by a $1.0 million decrease in professional services and consulting fees.
On November 1, 2013, upon completion of the FTD Spin-Off Transaction, Mark R. Goldston, former Chairman, President and Chief Executive
Officer of United Online, Inc., resigned as a director and officer of United Online. Pursuant to the terms of Mr. Goldston's employment agreement,
Mr. Goldston received a cash severance payment totaling approximately $7.3 million, which was included in transaction-related costs, as well as full
and accelerated vesting of Mr. Goldston's outstanding nonvested restricted stock units and unvested stock options resulting in an increase in stock-
based compensation for the year ended December 31, 2013, compared to the year ended December 31, 2012. Mr. Goldston's employment agreement
has previously been filed with the SEC.
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Communications restructuring and other exit costs $ — $ (8) $ 8 100%
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Corporate revenues $ 145 $ — $ 145 N/A
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    
   
Unallocated corporate expenses $ 35,552 $ 25,606 $ 9,946 39%