8-K - Optimum Communications, Inc. | StockGist

AI Analysis

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Michael E. Olsen, Executive Vice President, General Counsel and Chief Corporate Responsibility Officer of Optimum Communications, Inc., will transition to Senior Executive Counsel effective October 1, 2026, and retire December 31, 2027, under a Transition, Retention and Retirement Agreement dated April 1, 2026.

Key Takeaways

1Michael E. Olsen is transitioning from EVP, General Counsel and Chief Corporate Responsibility Officer to Senior Executive Counsel effective October 1, 2026 — a senior legal leadership role change with defined end date.

2Olsen will receive a $3,575,000 lump-sum retention payment, fully earned only if he remains employed through December 31, 2027 — material cash compensation contingent on continued service.

3Upon qualifying termination before December 31, 2027, Olsen receives accelerated base salary through year-end and continued vesting of long-term incentives — enhancing severance value and reducing departure risk.

4Through the Transition Date, Olsen retains full eligibility for 2026 long-term incentive grants and all existing vesting — preserving near-term executive alignment and retention incentives.

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Michael E. Ol

Management Change

$3.6M

Executive & Director Changes

Michael E. Olsen

Executive Vice President, General Counsel and Chief Corporate Responsibility Officer

Transition to Senior Executive Counsel, then retirement

Effective: 2026-10-01

Planned transition and retirement

Exhibits (1)

8-K