Optimum Communications, Inc. (OPTU) Form 8-K — Nov 3, 2026
Optimum Communications expanded its board from nine to eleven directors on October 28, 2026, appointing Elizabeth Abrams and Daniel Silvers as independent directors. The Board simultaneously formed a special committee of the two new directors, delegating authority to evaluate strategic and financial transactions including financing, restructuring, reorganization, or recapitalization, and to handle matters involving conflicts of interest with related parties. Each new director will receive a monthly fee of $75,000. The filing also discloses the Company has paid law firm Ropes & Gray approximately $11 million since January 1, 2025; Daniel Silvers' brother is a partner at that firm.
Key figures
- Board size after
- 11
- Board size before
- 9
- Director monthly fee
- $75,000
- Ropes gray payments since 2025
- $11 million
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