leadership
confidence high
sentiment neutral
materiality 0.55
Sirius XM COO Wayne Thorsen to depart July 31; no successor named
SIRIUS XM HOLDINGS INC.
- Wayne Thorsen, EVP and COO, will cease employment effective July 31, 2026.
- No disagreements with company operations, policies, or practices.
- Company will not appoint a successor COO at this time.
- Thorsen receives $1.05M lump sum (prorated 2026 bonus); unvested equity forfeited.
- Separation agreement includes non-disparagement and restrictive covenants.