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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 17 05:02

Summary by Futu AI

Sirius XM Holdings Inc., a Delaware corporation, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission on September 16, 2024. The purpose of the filing is to register 3,420,513 shares of common stock that may be issued under the Liberty Sirius XM Holdings Inc. Transitional Stock Adjustment Plan. This plan was adopted in connection with a reorganization involving a redemptive split-off and merger, separating the Liberty SiriusXM Group from Liberty Media Corporation. The split-off and merger were part of a Reorganization Agreement dated December 11, 2023, and amended on June 16, 2024. Prior to the split-off, options to purchase Liberty Media's Series A, B, and C Liberty Sirius XM common stock became fully vested and were converted into new...Show More
Sirius XM Holdings Inc., a Delaware corporation, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission on September 16, 2024. The purpose of the filing is to register 3,420,513 shares of common stock that may be issued under the Liberty Sirius XM Holdings Inc. Transitional Stock Adjustment Plan. This plan was adopted in connection with a reorganization involving a redemptive split-off and merger, separating the Liberty SiriusXM Group from Liberty Media Corporation. The split-off and merger were part of a Reorganization Agreement dated December 11, 2023, and amended on June 16, 2024. Prior to the split-off, options to purchase Liberty Media's Series A, B, and C Liberty Sirius XM common stock became fully vested and were converted into new stock options for Sirius XM Holdings Inc. common stock, with adjustments based on the exchange ratio identified in the Transitional Plan. The Registration Statement also includes references to various documents filed with the SEC, including the Registrant's and Old Sirius XM's financial reports and the description of the Registrant's Common Stock.

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