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Sirius XM | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

SEC ·  Sep 13 04:19
Summary by Futu AI
Sirius XM Holdings Inc. has filed a Registration Statement on Form S-8 with the Securities and Exchange Commission on September 12, 2024. The filing is for the purpose of registering 35 million shares of common stock to be issued under the Sirius XM Holdings Inc. 2024 Long-Term Stock Incentive Plan (LTIP) and $20 million of deferred compensation obligations under the Sirius XM Holdings Inc. Deferred Compensation Plan. These plans were adopted following the merger of Radio Merger Sub LLC and Old Sirius XM, with Old Sirius XM surviving as a wholly-owned subsidiary of Liberty Sirius XM Holdings Inc., which was then renamed Sirius XM Holdings Inc. The LTIP and Deferred Compensation Plan are designed to provide incentives and deferred compensation to selected management and highly compensated employees. The Deferred Compensation Obligations are unsecured and participants in the plan will be considered unsecured general creditors. The filing includes references to previously filed documents and incorporates them by reference, providing a legal framework for the plans and detailing the rights and obligations of participants.
Sirius XM Holdings Inc. has filed a Registration Statement on Form S-8 with the Securities and Exchange Commission on September 12, 2024. The filing is for the purpose of registering 35 million shares of common stock to be issued under the Sirius XM Holdings Inc. 2024 Long-Term Stock Incentive Plan (LTIP) and $20 million of deferred compensation obligations under the Sirius XM Holdings Inc. Deferred Compensation Plan. These plans were adopted following the merger of Radio Merger Sub LLC and Old Sirius XM, with Old Sirius XM surviving as a wholly-owned subsidiary of Liberty Sirius XM Holdings Inc., which was then renamed Sirius XM Holdings Inc. The LTIP and Deferred Compensation Plan are designed to provide incentives and deferred compensation to selected management and highly compensated employees. The Deferred Compensation Obligations are unsecured and participants in the plan will be considered unsecured general creditors. The filing includes references to previously filed documents and incorporates them by reference, providing a legal framework for the plans and detailing the rights and obligations of participants.
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