---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-127023"
form_type: "8-K"
ticker: "SIRI"
cik: "0000908937"
company_name: "SIRIUS XM HOLDINGS INC."
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:25:30.742235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SiriusXM appoints Wayne Thorsen COO; issues 2025 guidance with $8.5B revenue and $1.15B FCF

## Summary
- Wayne Thorsen named EVP & COO effective Dec 16; oversees product, tech, commercial, strategy; $1.15M salary, $700k sign-on, $4.5M in RSUs.
- Joseph Inzerillo steps down as Chief Product & Technology Officer immediately; no disagreement.
- 2025 guidance: revenue $8.5B, adj EBITDA $2.6B, FCF $1.15B; 2027 FCF target $1.5B.
- Targeting incremental $200M annualized savings exiting 2025; expects ~$700M debt reduction in 2025 to 3.6x leverage.
- Dividend maintained at $0.27/quarter; $1.166B buyback authorization remains in place.

## SEC filing metadata
- accession: 0001104659-24-127023
- form_type: 8-K
- ticker: SIRI
- cik: 0000908937
- company_name: SIRIUS XM HOLDINGS INC.
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908937/000110465924127023/0001104659-24-127023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908937/000110465924127023/tm2430351d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-127023
- JSON: https://secwatch.observer/filing/0001104659-24-127023.json
- Plain text: https://secwatch.observer/filing/0001104659-24-127023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.