Sonos CEO Patrick Spence steps down; board member Tom Conrad named interim CEO

Sonos Inc

Patrick Spence steps down as CEO and board member effective Jan 13, 2025; will stay as strategic advisor through June 30, 2025.
Spence receives severance of $1.875M, 12-month COBRA coverage, accelerated RSU vesting, and option extension to June 2026.
Tom Conrad, board member since 2017, appointed Interim CEO and President; compensation includes $175K monthly salary and $2.65M RSU grant.
Board initiates CEO search with executive search firm; Q1 fiscal 2025 results to be reported Feb 6, 2025 – no update provided.
Conrad steps down from Compensation Committee chair; Karen Boone named chair, Julius Genachowski appointed to committee.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Tom Conrad

Interim Chief Executive Officer and President

SONO · Sonos Inc

Effective: 2025-01-13
Filed: January 13, 2025, 6:59 PM ET

on January 12, 2025, the Board appointed Tom Conrad as Interim CEO and President, effective January 13, 2025.

Departed

Patrick Spence

Chief Executive Officer

SONO · Sonos Inc

Effective: 2025-01-13
Successor: Tom Conrad
Filed: January 13, 2025, 6:59 PM ET

On January 12, 2025, Patrick Spence and the Board of Directors (the "Board") of Sonos, Inc. (the "Company") agreed that Mr. Spence will step down as Chief Executive Officer ("CEO") and as a member of the Board, effective as of January 13, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tom Conrad was appointed as Interim Chief Executive Officer and President at Sonos Inc.

Action: appointed
Role: Interim Chief Executive Officer and President

Exact text from the filing

on January 12, 2025, the Board appointed Tom Conrad as Interim CEO and President, effective January 13, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Spence departed as Chief Executive Officer at Sonos Inc.

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

On January 12, 2025, Patrick Spence and the Board of Directors (the "Board") of Sonos, Inc. (the "Company") agreed that Mr. Spence will step down as Chief Executive Officer ("CEO") and as a member of the Board, effective as of January 13, 2025.

View on SEC.gov

Sonos Inc filing history →

Source: SEC EDGAR

accession 0001314727-25-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.