Charter Communications 8-K, filed Oct 13, 2026

Summary

Charter Communications announced that Adam Ray will no longer serve as its Executive Vice President and Chief Commercial Officer effective October 12, 2026, and will remain with the company in a non-executive advisory capacity through December 31, 2026. His severance, continued equity vesting, and extended option exercisability are subject to his execution of a separation and release agreement.

Key points

• Adam Ray's departure as Executive Vice President, Chief Commercial Officer is effective October 12, 2026, and he will remain employed in a non-executive advisory capacity through December 31, 2026.
• Ray is entitled to severance and other benefits for a termination without cause under his employment agreement, plus vesting under his existing equity award agreements, subject to executing a separation and release agreement.
• Subject to that agreement, time-vesting restricted stock units and stock options that would not otherwise vest on a termination without cause will continue vesting on their original schedule, and vested stock options stay exercisable until the earlier of 60 months after the later of the departure date or the applicable vesting date, or the option's expiration date.
• The filing cites Ray's 21 years of service as the basis for the continued vesting recognition.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.