Liberty Media Execs Join Sirius XM Board
According to a filing with the Securities and Exchange Commission, two more
Liberty Media executives have joined the board of Sirius XM Radio. Liberty got
the right to appoint up to six board members as part of its multimillion-dollar
investment in Sirius XM.
New on the board are Liberty Chairman John Malone and SVP/Treasurer David
Flowers. They join Liberty CEO Greg Maffei, who was elected to the board in
March.
Additionally, Liberty has converted 11.5 million shares of series B-2 preferred
stock in Sirius XM to series B-1 preferred stock. The B-1 stock can be
converted into shares of common stock at any time.
- Jaisakthivel, Chennai, India,
www.dxersguide.blogspot.com
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