So this is why all the cabinets were getting stuffed.
3 replies (most recent on top)
@ab it's not even the employee appreciation that matters, it's the company is on the verge of bankruptcy, cutting costs everywhere,employees, supplies,real estate, losing more and more customers every quarter. A plant that's falling apart, an ftth build that is incomplete,and a board that thinks management is doing so good that they get absurd bonuses..Wake up ,this is Enron al over again and needs to be investigated.
Nothing worse than executives getting bonuses when the company is constantly bleeding money and never using it to show any appreciation to their employees.
Optimum Communications awards special bonuses to executive officers
Published 12/05/2025, 04:55 PM
Optimum Communications awards special bonuses to executive officers
Optimum Communications awards special bonuses to executive officers
OPTU
- 3.16%
Optimum Communications, Inc. (NYSE:OPTU) announced that its Compensation Committee approved special cash bonuses for three of its top executives. According to a press release statement included in a recent SEC filing, the bonuses were approved on Monday. The company, currently valued at $868.78 million in market capitalization, has seen its stock price decline 21.16% year-to-date.
Dennis Mathew, Chairman and Chief Executive Officer, will receive a $750,000 bonus. Marc Sirota, Chief Financial Officer, and Michael E. Olsen, General Counsel and Chief Corporate Responsibility Officer, will each receive a $600,000 bonus. The payments will be made through the company’s regular payroll process.
The company stated that the special cash bonuses were awarded to recognize the executives for their contributions related to capital raising activities. InvestingPro data shows Optimum operates with a significant debt burden of $26.49 billion and has been quickly burning through cash, which may explain the emphasis on capital raising initiatives.
Optimum Communications, formerly known as Altice USA, Inc., is incorporated in Delaware and is headquartered in Long Island City, New York. The company’s Class A common stock trades on the New York Stock Exchange under the symbol OPTU.
This information is based on a press release statement included in the company’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, Optimum Communications has secured $2 billion in new term loans as part of a refinancing effort. The company’s subsidiary, CSC Holdings, entered into a Fourteenth Amendment to its existing credit agreement, which includes new Incremental Term Loan B-7 Commitments. These loans are set to mature by January 15, 2028, or earlier if certain conditions are met. Meanwhile, Altice-USA received attention from Raymond James, which reiterated an Outperform rating for its stock with a price target of $3.50.
In France, Altice is exploring the sale of its SFR Business unit to address its debt concerns. The unit, which provides connectivity and cybersecurity solutions, could be valued at several billion euros. Additionally, creditors of Altice International have selected Houlihan Lokey as their financial adviser for upcoming debt negotiations. This move comes as part of a continued effort to manage the company’s financial obligations.