Altice USA (ATUS) Names Susan Schnabel to Board

Altice USA (NYSE: ATUS) disclosed that on June 30, 2021, the Board of Directors of the Company appointed Susan C. Schnabel as a director of the Company, effective June 30, 2021. Ms. Schnabel will serve on the Board until the Company’s 2022 annual meeting of stockholders and until her successor is duly elected and qualified. The Board also appointed Ms. Schnabel to serve on the Audit Committee and the Compensation Committee of the Board. There are currently no arrangements or understandings between Ms. Schnabel and any other person pursuant to which Ms. Schnabel was elected as a director, and there are currently no transactions in which Ms. Schnabel has an interest requiring disclosure under Item 404(a) of Regulation S-K.

Ms. Schnabel will participate in the Company’s non-employee director compensation program, under which she will receive an annual cash retainer of $72,500 as well as annual cash retainers of $22,500 and $5,000 for her role as a member of the Audit Committee of the Board and Compensation Committee of the Board, respectively. Ms. Schnabel will also receive an option award to purchase 8,333 shares of Class A common stock of the Company under the Altice USA Amended and Restated 2017 Long Term Incentive Plan. The option has an exercise price of $34.35 (equal to the volume weighted average trading price of a share of Class A common stock as reported on by the NYSE for the 30-day period immediately preceding the grant date) and vests 50% on each of April 28, 2022 and 2023, respectively, provided that Ms. Schnabel continues to provide services to the Company on the applicable vesting date.

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