Warner Music Group Corp
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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Jun 30, 2024 · Filed Aug 7, 2024
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Item 5. Other Information
Departure of Named Executive Officer
Max Lousada, Chief Executive Officer, Recorded Music, will be stepping down from his role on September 30, 2024 and will stay on to provide transition and advisory services through January 31, 2025. His departure will be treated in accordance with the terms and conditions of his January 12, 2023 service agreement with Warner Music International Services Limited as if it had occurred pursuant to clause 2.4 thereof. His bonuses earned for the Company’s 2024 and 2025 fiscal years will be based on Recorded
Music performance measures for such fiscal years as established and determined by the Company’s Compensation Committee. The Company is in the process of realigning reporting responsibilities for the Company’s Recorded Music division and does not currently intend to replace Mr. Lousada.
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