Former Pearl Jam exec pleads guilty to stealing more than $300,000 from band

SEATTLE -- The former chief financial officer of Pearl Jam's management company has pleaded guilty in King County Superior Court to theft charges for embezzling more than $300,000 from the grunge rock band, the county prosecutor's office said Friday.

Rickey Charles Goodrich, 55, entered a guilty plea Thursday to six counts of first-degree theft, the prosecutor's office said.

Goodrich was the CFO at Pearl Jam's management company, Curtis Inc. The thefts occurred from 2007 to 2010. The defendant has paid back $125,000 and has agreed to pay another $181,000 in restitution before his sentencing on Feb. 21, the prosecutor's office said.

As part of the plea agreement, if the balance of restitution is paid before sentencing, the state will recommend a six-month jail sentence. If the balance is not paid before sentencing, the sentence recommendation will include a 14-month sentence in addition to the requirement that the defendant pay back the remaining financial obligations.