Joseph A. Verbrugge, Chief Commercial Officer of Sirius XM, has agreed to extend his previously announced retirement transition period. Originally scheduled to retire on June 27, 2024, he will now continue as full-time CCO until July 31, 2024, unless the company decides to end his full-time employment earlier.Following the full-time term, Verbrugge will transition to a part-time role as advisor to the CEO through December 31, 2024, to ensure smooth handover of responsibilities. During his extended full-time tenure, he will maintain his current base salary, benefits, and eligibility for a pro-rated 2024 annual bonus.The agreement specifies that Verbrugge will not receive severance benefits under his Employment Agreement upon retirement. However, if terminated without cause before July 31, 2024, he will receive his base salary through that date.

Joseph A. Verbrugge, Chief Commercial Officer of Sirius XM, has agreed to extend his previously announced retirement transition period. Originally scheduled to retire on June 27, 2024, he will now continue as full-time CCO until July 31, 2024, unless the company decides to end his full-time employment earlier.Following the full-time term, Verbrugge will transition to a part-time role as advisor to the CEO through December 31, 2024, to ensure smooth handover of responsibilities. During his extended full-time tenure, he will maintain his current base salary, benefits, and eligibility for a pro-rated 2024 annual bonus.The agreement specifies that Verbrugge will not receive severance benefits under his Employment Agreement upon retirement. However, if terminated without cause before July 31, 2024, he will receive his base salary through that date.