Sirius XM Announces Director Departure and New Board Members
Ticker: SIRI · Form: 8-K · Filed: 2024-12-10T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, management-changes, governance
Related Tickers: SIRI
TL;DR
Sirius XM board shake-up: Director Breyer out, new faces in. #BoardChanges
AI Summary
Sirius XM Holdings Inc. announced on December 10, 2024, the departure of director David R. Breyer, effective December 5, 2024. The company also elected new directors and announced compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and officer changes, with no immediate financial implications disclosed.
Key Players & Entities
- Sirius XM Holdings Inc. (company) — Registrant
- David R. Breyer (person) — Departing Director
- December 5, 2024 (date) — Effective date of departure
- December 10, 2024 (date) — Date of report
FAQ
Who has been elected to the Sirius XM Holdings Inc. board of directors?
The filing indicates new directors have been elected, but their names are not specified in this excerpt.
What is the reason for David R. Breyer's departure?
The filing states David R. Breyer's departure as a director but does not provide a specific reason.
When was the report filed with the SEC?
The report was filed on December 10, 2024.
What other items are covered in this 8-K filing?
Besides director departure, the filing also covers the election of directors and compensatory arrangements of certain officers, as well as Regulation FD Disclosure and Financial Statements and Exhibits.
What is the exact name of the company filing the report?
The exact name of the registrant is SIRIUS XM HOLDINGS INC.
Filing Stats: 1,504 words · 6 min read · ~5 pages · Grade level 11.3 · Accepted 2024-12-10 08:30:44
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share SIRI The Nasdaq Stock Marke
- $1,150,000 — r. Thorsen's annual base salary will be $1,150,000. The Employment Agreement entitles Mr.
- $700,000 — horsen a one-time cash sign-on bonus of $700,000. This sign on bonus is repayable by Mr.
- $1,500,000 — units ("RSUs") having a grant value of $1,500,000. This time-based RSU award will vest in
Filing Documents
- tm2430351d1_8k.htm (8-K) — 39KB
- tm2430351d1_ex10-1.htm (EX-10.1) — 198KB
- tm2430351d1_ex99-1.htm (EX-99.1) — 28KB
- tm2430351d1_ex99-2.htm (EX-99.2) — 20KB
- 0001104659-24-127023.txt ( ) — 518KB
- siri-20241205.xsd (EX-101.SCH) — 3KB
- siri-20241205_lab.xml (EX-101.LAB) — 33KB
- siri-20241205_pre.xml (EX-101.PRE) — 22KB
- tm2430351d1_8k_htm.xml (XML) — 4KB
01
Item 7.01. Regulation FD Disclosure On December 10, 2024, we issued a press release updating our strategic direction. A copy of that press release is furnished as Exhibit 99.1. On December 10, 2024, we issued a press release announcing the events described in Item 5.02 above. A copy of that press release is furnished as Exhibit 99.2. The information furnished in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01. Statements and Exhibits
Item 9.01. Statements and Exhibits (d) Exhibits. Exhibit Number Description of Exhibit 10.1 Employment Agreement, dated as of December 5, 2024, between Sirius XM Radio LLC and Wayne D. Thorsen 99.1 Press release dated December 10, 2024 99.2 Press release dated December 10, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. 4
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 thereunto duly authorized. SIRIUS XM HOLDINGS INC. By: /s/ Patrick L. Donnelly Patrick L. Donnelly Executive Vice President, General Counsel and Secretary Dated: December 10, 2024 5