XM Radio 2009 Annual Report Download - page 6

Table of Contents
Page
ABOUT THE MEETING ........................................................... 1
What is the purpose of the annual meeting? ............................................ 1
What are the voting rights of the holders of our common stock and our preferred stock? ........... 2
What vote is required to approve each item? ........................................... 2
When will voting results be available? ................................................ 3
Who can attend the annual meeting? ................................................. 3
What constitutes a quorum? ....................................................... 3
What is a broker non-vote? ........................................................ 3
What if I don’t return my proxy card and don’t attend the annual meeting? .................... 3
How do I vote? ................................................................. 4
What is householding? ........................................................... 4
Can I change my vote? ........................................................... 4
Who will count the votes? ......................................................... 4
What is a proxy? ............................................................... 5
Whom am I designating as my proxy? ................................................ 5
How will my proxy vote my shares? ................................................. 5
What happens if a nominee for director is unable to serve as a director?....................... 5
Who is soliciting my proxy, and who will pay the costs of the solicitation? .................... 5
What is the purpose of the Rights Plan? .............................................. 5
What are NOLs, and how important are the NOLs? ...................................... 5
What acquisitions will the Rights Plan deter?........................................... 5
Will the board of directors be able to make exceptions for acquisitions that would otherwise be
restricted? ................................................................... 6
How long would the Rights Plan be in place? .......................................... 6
Why are you seeking approval of the authority to effect a reverse stock split?................... 6
When, and how, do I submit a proposal for next year’s annual meeting of stockholders? ........... 6
STOCK OWNERSHIP ............................................................. 7
Who are the principal owners of SIRIUS XM’s stock? . . . ................................. 7
How much stock do the directors and executive officers of SIRIUS XM own? .................. 7
Section 16(a) Beneficial Ownership Reporting Compliance ................................ 8
GOVERNANCE OF THE COMPANY ................................................. 9
What are the responsibilities of the board of directors? . . ................................. 9
What are the current committees of the board of directors and who are the members of these
committees? ................................................................. 9
How often are directors elected to the board of directors? ................................. 10
How are nominees for the board of directors selected? . . . ................................. 10
Who is the board’s chairman? ...................................................... 10
How does the board determine which directors are considered independent? .................... 10
What is the Company’s approach toward oversight of risk management? ...................... 11
What are our policies and procedures for related party transactions? .......................... 11
Who is the Audit Committee’s financial expert?......................................... 14
How often did the board meet during 2009? ........................................... 14
How can stockholders communicate with the board of directors? ............................ 14
Does SIRIUS XM have corporate governance guidelines and a code of ethics? .................. 14
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