secwatch.observer — SEC 8-K summary
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Issuer:     Sonos Inc (SONO)
CIK:        0001314727
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001314727-25-000067
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonos appoints Tom Conrad as permanent CEO with $850k salary and $7M equity grant
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- Tom Conrad named permanent CEO/President effective July 22, 2025; interim CEO since Jan 13, 2025.
- Base salary $850k; target annual bonus 100% of salary; $750k performance bonus for fiscal 2025 interim service.
- Initial CEO equity awards of ~$7M: $3.5M RSUs (4-year annual vest) and $3.5M PSUs (two-year performance goals).
- Severance: 24-month salary on qualifying termination; full equity acceleration upon change-of-control termination. Conrad remains on Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314727/000131472725000067/0001314727-25-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314727/000131472725000067/sono-20250722.htm
  HTML page:      https://secwatch.observer/filing/0001314727-25-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer