secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K12B
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001104659-24-098260
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 8.01, 2.03, 3.03, 5.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sirius XM completes split-off from Liberty Media and merger; becomes independent company trading under SIRI
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- Liberty Media split-off: each Liberty SiriusXM share exchanged for 0.8375 New Sirius share as of Sept 9, 2024.
- New Sirius merged with Old Sirius; Old Sirius renamed Sirius XM Inc., New Sirius renamed Sirius XM Holdings Inc.
- New Sirius assumed $575M of 3.75% Convertible Senior Notes due 2028 and $585M of 2.75% Exchangeable Senior Debentures due 2049.
- Board reduced to 9 directors; new directors include Hartenstein, Malone, Meyer, Procope, Rapino, Salen, Witz, Zaslav; Maffei remains Chairman.
- Executive officers: CEO Witz, President/Chief Content Officer Greenstein, CFO Barry, GC Donnelly, CPTO Inzerillo; Wilm and Maffei resigned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000110465924098260/0001104659-24-098260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000110465924098260/tm2423473d2_8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098260

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