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 January 4, 2019, covering events occurring on January 1, 2019. The filing addresses Item 5.02 regarding the appointment of a new Chief Accounting Officer.
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. The only financial data disclosed relates to executive compensation:
- Annual Salary for New CAAO: $300,000
- Target Annual Cash Incentive: 50% of salary ($150,000)
- Long-Term Incentives: Continued participation in the Altice USA 2017 Long Term Incentive Plan
Material Changes
The primary material change is the leadership transition in the finance department:
- Departure: Victoria Mink, Senior Vice President and Chief Accounting Officer, resigned effective October 12, 2018, following an announcement on September 26, 2018.
- Appointment: Layth Taki was appointed Chief Accounting Officer effective January 1, 2019.
- Background: Mr. Taki previously served as Senior Vice President and Controller of the Company since July 2011.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The document is strictly limited to the disclosure of the officer appointment and associated compensatory arrangements.
Investor Verification Checklist
- Verify the effective date of the Chief Accounting Officer transition (January 1, 2019).
- Confirm the total target cash compensation package for the new CAAO ($450,000 base + incentive).
- Review the Company's 10-K or 10-Q filings for the most recent financial performance metrics, as this 8-K does not contain them.
- Note the registrant name is Altice USA, Inc., distinct from the subsidiary brand Optimum.