Dallas, Texas 07/10/2015 (Financialstrend) – Sirius XM Holdings Inc. (NASDAQ:SIRI), the satellite broadcasting service, is in the thick of things with a series of sports event broadcasts, lined up for the week. It also filed Form 8-K before the SEC informing the change in titles of David J. Frear, who is now Senior Executive Vice President and Chief Financial Officer. There are changes in the compensation package as well, with annual base salary of $1,200,000. The company has also exited its ‘golden parachute’ excise tax gross benefit, offered to him as per his earlier employment agreement. He will also be granted an option to buy common stock shares numbering 14,250,000.
Sports Events Broadcast
Highlight of Sirius XM Holdings Inc. (NASDAQ:SIRI) this weeks’ broadcast is the St. Andrews GC Golf Tournament, live from Scotland. The broadcast will be full 35-hours live coverage of hole-by-hole play. Shows are expected to include British Open Championships, Nick Faldo as well as John Daly. It will also include live broadcast of the Induction Ceremony at the World Golf Hall of Fame. The shows will cover events at the tournament between July 16 and July 19, 2015.
Sirius XM Holdings Inc. (NASDAQ:SIRI) coverage of the most famed golfing course of St. Andrews, faithfully called ‘home of golf,’ is expected to reach wide number audience. The satellite radio service will cover four major championships as well. US Open, The Masters, Open Championship as well as the PGA Championship. The radio service is currently available on vehicles manufactured by most US based car companies. The unique selling point of the service is its availability over the internet.
Sirius XM Holdings Inc. (NASDAQ:SIRI) stock market performance, in recent trading sessions the company has been posting gains steadily, indicating a strong upside for the company. The company has been quick to scale its programs to include entertaining live sports shows by celebrities, thereby driving wider subscriptions and revenue.