Sirius XM Holdings Inc. has filed its annual 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes financial statements for the Sirius XM Radio 401(k) Savings Plan, audited by Moss Adams LLP, which expressed a fair presentation of the Plan's financial position in conformity with U.S. GAAP. The Plan showed net assets available for benefits at $937,332,000, an increase from the previous year's $798,723,000. The Plan's investments, primarily in mutual funds, common collective trusts, and company stock, appreciated in value, contributing to a net investment income of $132,797,000. Employer contributions totaled approximately $19,828,000, with an additional true-up matching contribution of about $2,041,000 recorded for the year. The Plan is a defined contribution plan subject to...Show More

Sirius XM Holdings Inc. has filed its annual 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes financial statements for the Sirius XM Radio 401(k) Savings Plan, audited by Moss Adams LLP, which expressed a fair presentation of the Plan's financial position in conformity with U.S. GAAP. The Plan showed net assets available for benefits at $937,332,000, an increase from the previous year's $798,723,000. The Plan's investments, primarily in mutual funds, common collective trusts, and company stock, appreciated in value, contributing to a net investment income of $132,797,000. Employer contributions totaled approximately $19,828,000, with an additional true-up matching contribution of about $2,041,000 recorded for the year. The Plan is a defined contribution plan subject to ERISA, offering various investment options to participants, including the option to invest in Sirius XM Holdings Inc.'s common stock. The report also detailed a planned transaction where Liberty Sirius XM Holdings Inc. would split-off from Liberty Media and merge with Sirius XM Holdings Inc., expected to be completed in the third quarter of 2024. The Plan's investments in Sirius XM Holdings Inc.'s common stock were valued at $51,346,000 as of December 31, 2023. The Plan's financial statements and supplementary information have been audited without any material misstatement and the Plan remains in compliance with IRS requirements.