secwatch.observer — SEC 8-K summary
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Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000947871-23-000216
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altice USA names Marc Sirota CFO effective March 1, 2023; Michael Grau transitions to advisor
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- Michael Grau to step down as CFO effective March 1, 2023; will serve as Senior Advisor to CEO until July 3, 2023, then consultant through March 31, 2024.
- Marc Sirota appointed as new CFO; previously served in senior roles at Comcast including Division CFO and Cable Assistant Controller.
- Sirota receives $500k base salary, 100% target bonus, $200k sign-on cash, $3M RSU grant (3-year vest), and $3M cash performance award.
- Grau to receive $400k severance (12-month installments), prorated 2023 bonus at target, and continued vesting of equity awards during consulting.
- Sirota also eligible for annual long-term incentive awards starting 2024 with $2M target; relocation benefits of $20k/month for up to 6 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000094787123000216/0000947871-23-000216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000094787123000216/ss1796197_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-23-000216

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