Altice USA Board Changes & CEO Employment Agreement
Ticker: OPTU · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1702780
| Field | Detail |
|---|---|
| Company | Altice USA, Inc. (OPTU) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $400,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, management
Related Tickers: ATUS
TL;DR
Altice USA adds Goei & Zaslav to board, inks new CEO deal for Drahi.
AI Summary
Altice USA, Inc. announced on December 10, 2024, changes in its board of directors and executive compensation. Effective December 10, 2024, the company elected Dexter Goei and David Zaslav to its Board of Directors. Additionally, the company entered into a new employment agreement with its CEO, Patrick Drahi, effective December 10, 2024, detailing his compensation.
Why It Matters
Changes in board composition and executive employment terms can signal shifts in company strategy and leadership focus.
Risk Assessment
Risk Level: medium — Changes in board composition and executive agreements can indicate strategic shifts or potential governance changes that may impact the company's future direction.
Key Players & Entities
- Altice USA, Inc. (company) — Registrant
- Dexter Goei (person) — Elected to Board of Directors
- David Zaslav (person) — Elected to Board of Directors
- Patrick Drahi (person) — CEO
- December 10, 2024 (date) — Effective date of board changes and employment agreement
FAQ
Who were elected to Altice USA's Board of Directors?
Dexter Goei and David Zaslav were elected to the Board of Directors, effective December 10, 2024.
What is the effective date of the reported changes?
The earliest event reported is dated December 10, 2024, and the report was filed on December 12, 2024.
What specific items are covered in this Form 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Altice USA?
The principal executive offices are located at 1 Court Square West, Long Island City, New York 11101.
Who is the CEO of Altice USA and what is mentioned about their employment?
Patrick Drahi is the CEO, and the filing indicates a new employment agreement was entered into with him, effective December 10, 2024.
Filing Stats: 603 words · 2 min read · ~2 pages · Grade level 13.2 · Accepted 2024-12-12 17:24:45
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share ATUS New York Stock Exchange
- $400,000 — s. Schmidt will be entitled to receive: $400,000, payable in installments over the 12-mo
Filing Documents
- atus-20241210.htm (8-K) — 28KB
- atus-20241210_g1.jpg (GRAPHIC) — 16KB
- 0001628280-24-051081.txt ( ) — 193KB
- atus-20241210.xsd (EX-101.SCH) — 2KB
- atus-20241210_lab.xml (EX-101.LAB) — 21KB
- atus-20241210_pre.xml (EX-101.PRE) — 12KB
- atus-20241210_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. ALTICE USA, INC. Dated: December 12, 2024 By: /s/ Michael E. Olsen Michael E. Olsen General Counsel and Chief Corporate Responsibility Officer