Sirius XM Holdings Inc (SIRI)

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SIRIUS XM Announces Results of Annual Meeting of Stockholders
4:17 pm ET 05/27/2009- PR Newswire
NEW YORK, May 27/PRNewswire-FirstCall/ --SIRIUS XM Radio (Nasdaq: SIRI) today announced the results of the voting from its 2009 Annual Meeting of Stockholders held today in New York.


(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU044LOGO )


At the Annual Meeting, stockholders of SIRIUS XM:

-- elected twelve directors (Joan L. Amble, Leon D. Black, Lawrence F. Gilberti, Eddy W. Hartenstein, James P. Holden, Chester A. Huber, Jr., Mel Karmazin, John W. Mendel, James F. Mooney, Gary M. Parsons, Jack Shaw and Jeffrey D. Zients). An affiliate of Liberty Media Corporation, the holder of the Company's Convertible Perpetual Preferred Stock, Series B-1, previously appointed David J.A. Flowers, Gregory B, Maffei and John C. Malone as members of the Company's board of directors;

-- approved an amendment to the Company's certificate of incorporation to increase the number of authorized shares of common stock from 8,000,000,000 to 9,000,000,000 shares;

-- approved an amendment to the Company's certificate of incorporation that would permit the Board of Directors to effect a reverse stock split of the Company's common stock and reduce the number of authorized shares of its common stock;

-- approved the Sirius XM Radio Inc. 2009 Long-Term Stock Incentive Plan;

-- ratified the appointment of KPMG LLP as the Company's independent registered public accountants; and

-- voted down a stockholder proposal to give stockholders an advisory vote on executives' pay packages at SIRIUS XM.

Additional information regarding the proposals that were voted on today by SIRIUS XM stockholders is contained in the Proxy Statement dated April 30, 2009 for the Annual Meeting of Stockholders of SIRIUS XM. A copy of that Proxy Statement is available in the investor relations section of the Company's website, www.siriusxm.com.


The final results of the voting are expected to be filed with the Securities and Exchange Commission as part of the Company's Quarterly Report on Form 10-Q for the quarter ending June 30, 2009.