SEC Filing Summary: Altice USA, Inc. (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by Altice USA, Inc. on January 17, 2024. The report discloses executive compensation adjustments approved by the Compensation Committee of the Board of Directors. Note: The input metadata referenced "Optimum Communications, Inc.," but the filing text identifies the registrant as Altice USA, Inc.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on executive compensation changes.
Material Changes
The filing details the following compensation increases effective January 1, 2024:
- Dennis Mathew (CEO): Base salary increased to $1,250,000; Target annual cash incentive award increased to $3,000,000.
- Marc Sirota (CFO): Base salary increased to $600,000; Target annual cash incentive award remains at 100% of base salary actually paid.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, risk factors, contingencies, or unusual items. The scope is limited to Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers).
Key Facts for Investor Verification
- Verify the effective date of the salary increases (January 1, 2024) against payroll records.
- Confirm the specific terms of the target annual cash incentive awards for the CEO and CFO.
- Review the Compensation Committee's rationale for these increases in subsequent proxy statements or earnings calls.