secwatch.observer — SEC 8-K summary
======================================

Issuer:     Optimum Communications, Inc. (OPTU)
CIK:        0001702780
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001702780-26-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702780/000170278026000018/0001702780-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702780/000170278026000018/optu-20260401.htm
  HTML page:      https://secwatch.observer/filing/0001702780-26-000018

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