Does anyone know how much Patrick Spence’s severance package was worth after he stepped down?
Answered
compensation
Best answer by AjTrek1
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
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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
Thank you.
I guess not a bad deal for Patrick.
Earlier I recall an email stating he made millions per year as CEO.
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