secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2025-12-05T23:59:59+00:00
Accession:  0001104659-25-118925
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Media grants Bennett 500K options for Executive Chairman role, accelerates CEO Chang's equity
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- Robert R. Bennett receives 400,000 FWONB and 100,000 LLYVA options upon becoming Executive Chairman Jan 1, 2026.
- CEO Derek Chang receives 287,504 FWONK and 88,584 LLYVK options covering 2026-2029; vests in tranches through Dec 3, 2029.
- All new awards provide single-trigger vesting on change in control; Chang's May 2025 awards amended to match.
- John C. Malone becomes Chairman Emeritus effective Jan 1, 2026 under amended employment agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000110465925118925/0001104659-25-118925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000110465925118925/tm2532872d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-118925

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