---
schema_version: "secwatch.filing_event.v1"
accession: "0001702780-26-000018"
form_type: "8-K"
ticker: "OPTU"
cik: "0001702780"
company_name: "Optimum Communications, Inc."
filed_at: "2026-04-02T23:59:59+00:00"
generated_at: "2026-05-15T07:51:33.093704+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EVP, General Counsel Michael Olsen to transition roles, retire Dec 2027; receives $3.575M retention payment

## Summary
- Effective October 1, 2026 (or earlier upon successor), Olsen steps down as EVP/GC/CRO, becomes Senior Executive Counsel, Capital Transformation.
- Receives lump-sum cash retention payment of $3.575 million, fully earned on December 31, 2027, contingent on continued employment.
- If employment terminates before Dec 31, 2027 for reasons other than qualifying termination, Olsen must repay after-tax value of retention payment.
- Through Transition Date, Olsen gets current base salary, incentive comp, and vesting; after, only base salary/benefits and continued vesting.
- Qualifying termination (without cause, good reason, death/disability) before Dec 31, 2027 entitles Olsen to lump sum base salary through 2027 and continued LTI vesting.

## SEC filing metadata
- accession: 0001702780-26-000018
- form_type: 8-K
- ticker: OPTU
- cik: 0001702780
- company_name: Optimum Communications, Inc.
- filed_at: 2026-04-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702780/000170278026000018/0001702780-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702780/000170278026000018/optu-20260401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001702780-26-000018
- JSON: https://secwatch.observer/filing/0001702780-26-000018.json
- Plain text: https://secwatch.observer/filing/0001702780-26-000018.txt

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