Business Context and Reporting Period
This Form 8-K reports on the 2024 Annual Meeting of Stockholders held by Altice USA, Inc. on June 12, 2024. The filing was submitted on June 14, 2024. Note: The input metadata references "Optimum Communications, Inc.," but the filing text explicitly identifies the registrant as Altice USA, Inc.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
Stockholders voted on two proposals. Class A and Class B stockholders voted together as a single class, with Class B shares carrying 25 votes per share.
Proposal 1: Election of Directors
All nine nominees were elected to the Board of Directors for one-year terms. Voting results included:
- Patrick Drahi: 4,697,880,162 For; 76,472,909 Against
- David Drahi: 4,696,816,621 For; 77,531,914 Against
- Dexter Goei: 4,682,738,878 For; 91,505,010 Against
- Dennis Mathew: 4,707,771,456 For; 66,596,848 Against
- Mark Mullen: 4,693,509,431 For; 80,800,530 Against
- Dennis Okhuijsen: 4,686,757,751 For; 87,585,568 Against
- Susan Schnabel: 4,716,785,013 For; 57,394,178 Against
- Charles Stewart: 4,634,384,798 For; 139,954,964 Against
- Raymond Svider: 4,694,595,837 For; 79,585,822 Against
Proposal 2: Ratification of Auditor
Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the 2024 fiscal year.
- For: 4,796,242,783
- Against: 5,252,312
- Abstain: 4,064,769
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items. It is a procedural report of voting outcomes.
Key Facts for Investor Verification
- Confirm the registrant name is Altice USA, Inc., not Optimum Communications, Inc.
- Verify the dual-class voting structure where Class B shares hold 25 votes per share versus one vote for Class A.
- Note the significant number of "Against" votes for certain directors, particularly Charles Stewart (approx. 140 million against votes).
- Confirm KPMG LLP's appointment as the auditor for the 2024 fiscal year.