HSN gives CEO extension

Directors at HSN Inc. gave their chief executive the ultimate vote of confidence by extending CEO Mindy Grossman's contract until July 31, 2013, a company release said.

Grossman will also receive increases in both her base and bonus compensation. Her base pay increased from $1 million to $1.2 million, and her maximum annual performance bonus increased from 100% to 125% of her base salary.

Finally, Grossman received 200,000 restricted stock units to go along with her new contract. Those shares will vest over the next three years. HSN was trading around the $28 mark Monday.