8-KItem 5.02 · Officer/Director ChangeItem 9.01 · Financial Statements
Comcast hires Michael J.
Filed with the SEC on · Summarized by InvestorsBot
Comcast hires Michael J. Cavanagh as Co‑CEO effective Jan 2, 2026; new employment agreement signed Dec 19, 2025 secures employment through Jan 1, 2029. $CMCSA 📅👔 #Comcast #Leadership
Comp package: $2.75M base salary; annual cash bonus target 300% of base. Received performance RSUs valued ~$35M, cliff-vesting after 3 years; shares set by 5‑day VWAP before Versant spin‑off record date. $CMCSA 💰📈 #ExecComp #Stocks
RSU protection: if he resigns for Good Reason or is fired without Cause, awards extend vesting 24 months and vest pro‑rata; death = full vest at target; disability = vest based on actual performance. Agreement to be filed in Comcast’s 2025 10‑K. $CMCSA ⚖️🧾 #Governance #Compensation