XM Radio 2011 Annual Report Download - page 9

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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? ............. 1
What vote is required to approve each item? ................................................ 2
When will voting results be available? ..................................................... 2
Who can attend the annual meeting? ...................................................... 2
What constitutes a quorum? ............................................................. 2
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? ....................................................................... 3
What is householding? ................................................................. 3
Can I change my vote or revoke my proxy? ................................................. 4
Who will count the votes? .............................................................. 4
What is a proxy? ...................................................................... 4
Whom am I designating as my proxy? ..................................................... 4
How will my proxy vote my shares? ...................................................... 4
Who is soliciting my proxy, and who will pay for the costs of the solicitation? ..................... 4
When, and how, do I submit a proposal for next year’s annual meeting of stockholders? ............. 5
ITEM 1 — ELECTION OF COMMON STOCK DIRECTORS ................................... 6
Common Stock Director Nominees ....................................................... 7
Preferred Stock Director Designees ....................................................... 10
What are the responsibilities of the board of directors? ........................................ 13
How are the nominees for the board of directors selected? ..................................... 13
What is the board’s leadership structure? ................................................... 13
How does the board determine which directors are considered independent? ....................... 14
What are the current committees of the board of directors and who are the members of these
committees? ....................................................................... 14
How often did the board meet during 2011? ................................................ 15
How can stockholders communicate with the board of directors? ................................ 15
Director Compensation Table for 2011 .................................................... 16
STOCK OWNERSHIP ................................................................... 17
Who are the principal owners of our stock? ................................................. 17
How much stock do our directors and executive officers own? .................................. 18
Section 16(a) Beneficial Ownership Reporting Compliance .................................... 18
GOVERNANCE OF THE COMPANY ...................................................... 19
How does the board of directors oversee our risk management process? .......................... 19
What are our policies and procedures for related party transactions? ............................. 19
Does SIRIUS XM have corporate governance guidelines and a code of ethics? ..................... 21
EXECUTIVE COMPENSATION .......................................................... 21
Compensation Discussion and Analysis .................................................... 21
Compensation Committee Report ........................................................ 30
Summary Compensation Table .......................................................... 31
Grants of Plan-Based Awards in 2011 ..................................................... 32
Outstanding Equity Awards at Fiscal Year-End 2011 ......................................... 33
Option Exercises and Stock Vested in 2011 ................................................. 34
Non-Qualified Deferred Compensation and Pension Benefits ................................... 35
Potential Payments or Benefits upon Termination or Change-in-Control .......................... 35
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