XM Radio 2009 Annual Report Download - page 7
Download and view the complete annual report
Please find page 7 of the 2009 XM Radio annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
 |
 |
Page
EXECUTIVE COMPENSATION ..................................................... 15
Compensation Discussion and Analysis ............................................... 15
Compensation Committee Report ................................................... 22
Summary Compensation Table ..................................................... 22
Grants of Plan-Based Awards in 2009 ................................................ 23
Outstanding Equity Awards at Fiscal Year-End 2009 ..................................... 24
Option Exercises and Stock Vested for 2009 ........................................... 26
Non-Qualified Deferred Compensation and Pension Benefits ............................... 26
Potential Payments .............................................................. 26
Director Compensation Table for 2009 ............................................... 30
ITEM 1 — ELECTION OF DIRECTORS ............................................... 32
Common Stock Director Nominees .................................................. 34
Preferred Stock Director Designees .................................................. 35
ITEM 2 — ADOPTION OF THE RIGHTS PLAN ......................................... 36
ITEM 3 — EXTEND FOR ONE MORE YEAR OUR BOARD OF DIRECTORS’ AUTHORITY
(THROUGH THE APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF
INCORPORATION) TO EFFECT A REVERSE STOCK SPLIT AND TO REDUCE THE NUMBER
OF AUTHORIZED SHARES OF OUR COMMON STOCK................................ 39
ITEM 4 — RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS ........ 46
Principal Accountant Fees and Services ................................................. 47
Pre-Approval Policy for Services of Independent Auditor. . . ................................. 47
Report of the Audit Committee ....................................................... 48
OTHER MATTERS ............................................................... 50
APPENDIX A — RIGHTS AGREEMENT .............................................. A-1
APPENDIX B — FORM OF CERTIFICATE OF AMENDMENT OF THE RESTATED CERTIFICATE
OF INCORPORATION TO EFFECT A REVERSE STOCK SPLIT .......................... B-1
ii