Summary
Charter Communications, Inc. (CHTR) announced a change in its Board of Directors on January 28, 2026, reflecting activities on January 27, 2026. Wade Davis has been appointed to the Board, filling the vacancy left by David Merritt's retirement. Mr. Davis has been deemed an independent director by the Nasdaq listing standards, a positive signal for corporate governance. His appointment is effective immediately and he will be compensated according to the standard non-employee director schedule. Investors should note that Mr. Davis's compensation includes an annual cash retainer of $120,000 (prorated for his initial term) and a restricted stock grant valued at $52,398, also prorated. This stock award is set to vest at the 2026 annual meeting, contingent on his continued service. The appointment is a routine board refreshment, and there are no unusual arrangements or understandings associated with Mr. Davis's joining the board, indicating a standard transition.
Key Highlights
- 1Wade Davis appointed to the Board of Directors, effective immediately.
- 2Appointment fills vacancy created by David Merritt's retirement.
- 3Mr. Davis has been determined to be an "independent" director per Nasdaq listing standards.
- 4Mr. Davis will receive standard compensation for non-employee directors.
- 5Annual cash retainer for Mr. Davis is $120,000, prorated for the first year.
- 6Mr. Davis received a restricted stock grant valued at $52,398, prorated and vesting at the 2026 annual meeting.
- 7No unusual arrangements or understandings exist between Mr. Davis and any other parties regarding his appointment.