Patrick L. Donnelly, Executive VP, General Counsel and Secretary of Sirius XM, has announced his intention to retire in early 2025. The company has outlined a transition plan, effective January 2, 2025, to ensure an orderly handover of responsibilities.Donnelly will remain a full-time employee until April 4, 2025, continuing in his current role until a successor is appointed. He will then transition to a part-time advisory position through December 31, 2025. During the full-time period, Donnelly will maintain his current salary, benefits, and eligibility for a pro-rated 2025 bonus.The transition agreement includes provisions for severance payments and benefits in case of termination without cause, subject to certain conditions. This arrangement aims to facilitate a smooth transition of leadership in Sirius XM's legal department while ensuring continuity in key legal and corporate governance matters.

Patrick L. Donnelly, Executive VP, General Counsel and Secretary of Sirius XM, has announced his intention to retire in early 2025. The company has outlined a transition plan, effective January 2, 2025, to ensure an orderly handover of responsibilities.Donnelly will remain a full-time employee until April 4, 2025, continuing in his current role until a successor is appointed. He will then transition to a part-time advisory position through December 31, 2025. During the full-time period, Donnelly will maintain his current salary, benefits, and eligibility for a pro-rated 2025 bonus.The transition agreement includes provisions for severance payments and benefits in case of termination without cause, subject to certain conditions. This arrangement aims to facilitate a smooth transition of leadership in Sirius XM's legal department while ensuring continuity in key legal and corporate governance matters.