compensation

2 replies
204 views

Does anyone know how much Patrick Spence’s severance package was worth after he stepped down?

compensation

This topic has been closed for further comments. You can use the search bar to find a similar topic, or create a new one by clicking Create Topic at the top of the page.

AjTrek1Answer

If you must know….

Spence will technically remain with Sonos until June 30th of this year, during which time he’ll receive a base salary of $7,500 per month for providing the company with “strategic advisory services.” And when that end date rolls around, he’ll be granted a severance of $1,875,000. Those numbers come from an 8K filing that Sonos made with the SEC regarding today’s news.

Read the rest of the article here

Together Everyone Achieves More = T.E.A.M.

AjTrek1Answer

If you must know….

Spence will technically remain with Sonos until June 30th of this year, during which time he’ll receive a base salary of $7,500 per month for providing the company with “strategic advisory services.” And when that end date rolls around, he’ll be granted a severance of $1,875,000. Those numbers come from an 8K filing that Sonos made with the SEC regarding today’s news.

Read the rest of the article here

Together Everyone Achieves More = T.E.A.M.

G

getridofpatrickspenceAuthor

Contributor I

Thank you.

I guess not a bad deal for Patrick.

Earlier I recall an email stating he made millions per year as CEO.

Sign up

Login to the community