CHARTER COMMUNICATIONS, INC. /MO/ (CHTR): COO Adam Ray terminated without cause

Events in this filing

Item 5.02 as filed

ITEM 5.02.
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 12, 2026, Charter Communications, Inc. (the “Company”) announced that Adam Ray will no longer serve as the Company’s Executive Vice President, Chief
Commercial Officer, effective as of that date. Mr. Ray will remain employed by the Company in a non-executive advisory capacity through December 31, 2026 (the “Departure Date”).
In connection with his departure, Mr. Ray will be entitled to the severance and other benefits provided upon a termination without cause under his employment agreement
with the Company and the vesting contemplated by the existing terms of Mr. Ray’s equity award agreements, subject to his execution of a separation and release agreement. In recognition of Mr. Ray’s services and contributions to the Company over 21
years, subject to Mr. Ray’s execution of a separation and release agreement, the portion of Mr. Ray’s time-vesting restricted stock units and time-vesting stock options that do not vest by their terms on a termination of employment without cause will
continue to vest over the original vesting period as if Mr. Ray’s employment had not been terminated, and Mr. Ray’s vested stock options will remain exercisable until the earlier of (a) the date that is 60 months following the later of the Departure
Date and the applicable vesting date and (b) the applicable expiration date of such stock option.