Summary
Renewal for one year.
Followed with three year consulting agreement.
New contract essentially the same as current year contract.
Liberty Media (FWONA) (OTCQB:FWONB) (LSXMA) (LSXMK), which controls the board of Sirius XM Holdings (SIRI) has decided to renew the contract of CEO Jim Meyer for another year at essentially the same terms and conditions of his 
previous one year agreement. For those unfamiliar with Meyer's employment agreements, he was initially named interim CEO in December of 2012, and his employment agreement was extended through October of 2013, coinciding with the announced following departure of Mel Karmazin. In April of 2013, the term interim was dropped, and a new contract was established. This included
- his salary being increased to to $1.55 million from $1.3 million,
- more than 10 million stock options at a $3.30 exercise price awarded
- nearly one million restricted stock units awarded
- earned a bonus of $4.8 million
- the term was extended through October of 2015,
- a three year consulting agreement would follow upon expiration of the agreement in 2015
The total package (excluding the consulting agreement) was valued at just over $23 million for 2013. In 2014 there was a small increase in salary, no equity incentives were added, his bonus increased to $6 million and his total package would decline to $7.6 million
