Altice USA Board Shakeup & Executive Comp Changes
Ticker: OPTU · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1702780
| Field | Detail |
|---|---|
| Company | Altice USA, Inc. (OPTU) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $5.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, management-transition
Related Tickers: ATUS
TL;DR
Altice USA board sees major departures (Goei, Stewart) and new arrivals (Zaslav, Del Nin, Rutledge) effective Dec 18th.
AI Summary
Altice USA, Inc. announced on December 18, 2024, changes to its Board of Directors and executive compensation. Effective December 18, 2024, Dexter Goei and Charles Stewart resigned from the Board. Concurrently, the company appointed David Zaslav and Michael Del Nin as Class II Directors, and Thomas Rutledge as a Class III Director. The filing also details compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Board changes and executive compensation adjustments can introduce uncertainty regarding future strategic direction and leadership stability.
Key Players & Entities
- Altice USA, Inc. (company) — Registrant
- Dexter Goei (person) — Resigned Director
- Charles Stewart (person) — Resigned Director
- David Zaslav (person) — Appointed Director
- Michael Del Nin (person) — Appointed Director
- Thomas Rutledge (person) — Appointed Director
- December 18, 2024 (date) — Effective date of changes
FAQ
Who resigned from Altice USA's Board of Directors?
Dexter Goei and Charles Stewart resigned from the Board of Directors of Altice USA, Inc. effective December 18, 2024.
Who were appointed as new directors to Altice USA's Board?
David Zaslav and Michael Del Nin were appointed as Class II Directors, and Thomas Rutledge was appointed as a Class III Director.
When were these board changes effective?
The changes to the Board of Directors were effective as of December 18, 2024.
What other information is provided in this 8-K filing besides director changes?
The filing also addresses the election of directors and compensatory arrangements of certain officers.
What is the state of incorporation for Altice USA, Inc.?
Altice USA, Inc. is incorporated in Delaware.
Filing Stats: 492 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-12-20 16:59:24
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share ATUS New York Stock Exchange
- $5.0 million — w is a cash-denominated award valued at $5.0 million that may be settled on the vesting date
Filing Documents
- atus-20241218.htm (8-K) — 27KB
- atus-20241218_g1.jpg (GRAPHIC) — 16KB
- 0001628280-24-052246.txt ( ) — 192KB
- atus-20241218.xsd (EX-101.SCH) — 2KB
- atus-20241218_lab.xml (EX-101.LAB) — 21KB
- atus-20241218_pre.xml (EX-101.PRE) — 12KB
- atus-20241218_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 20, 2024 By: /s/ Michael E. Olsen Michael E. Olsen General Counsel and Chief Corporate Responsibility Officer