Business Context and Reporting Period
This Form 8-K is a current report filed by Altice USA, Inc. (not Optimum Communications, Inc., which is a subsidiary brand) on July 17, 2023, regarding events occurring on July 15 and July 16, 2023. The filing addresses changes to the composition of the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance updates and contains no financial performance data.
Material Changes
- Resignation: Mr. Alexandre Fonseca resigned from the Board of Directors on July 15, 2023. He previously served as Chairman. The resignation was not due to any disagreement with the Company regarding operations, policies, or practices.
- Appointment: On July 16, 2023, the Board appointed Mr. Dennis Mathew as a director with immediate effect. He will serve until the 2024 annual meeting of stockholders.
- Election: The Board elected Mr. Mathew as the new Chairman of the Board.
Guidance, Outlook, and Management Commentary
Mr. Dennis Mathew, who serves as the Company's Chief Executive Officer, will not receive any additional compensation for his service as a director. There has been no change to his existing employment arrangement with the Company. The filing does not contain forward-looking guidance, risk factors, or contingencies beyond the standard disclosure regarding the director transition.
Key Facts for Investor Verification
- Confirm the effective dates of the Board changes (July 15 for resignation, July 16 for appointment).
- Verify that the resignation of the former Chairman was not related to any operational or policy disputes.
- Note that the new Chairman is the current CEO and receives no incremental compensation for the board role.
- Check subsequent filings for the composition of Board committees, as the new Chairman was not immediately appointed to any committees.