Send to a Friend Share

Sirius XM Satellite Radio (SIRI) Increases Mel Karmazin's Base Pay By 250k

July 1, 2009 4:20 PM EDT
SIRI Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

EPS Growth %: +100.0%
On June 30, 2009, Sirius XM Satellite Radio (Nasdaq: SIRI) amended its employee agreement with Mel Karmazin. Sirius XM Radio increased Karmazin's base salary from $1,250,000 per year to $1,500,000 per year beginning on January 1, 2010, and provides for the grant of an option to purchase 120,000,000 shares of our common stock, at an exercise price of $0.430 per share.

The Amendment extends the term of the Employment Agreement through and until December 31, 2012,
Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!

You May Also Be Interested In


Related Categories

Corporate News

Related Entities

Mel Karmazin

Add Your Comment





Follow StreetInsider.com On Twitter