Sep 25, 5:00 PM ET
Warner Music Group disclosed an employment agreement with Valentin Blavatnik, a member of its Board of Directors, who will serve as Managing Director, Warner Recorded Music, North America and UK, and Corporate Development, effective September 25, 2026. The filing sets a $600,000 annual base salary and an at-will arrangement, and it says the agreement is a material definitive agreement because the role adds a full-time executive position for a director. The filing does not give a financial result, so the direct effect on shareholders appears limited to compensation and governance terms.
- Agreement dated September 24, 2026; role effective September 25, 2026
- Annual base salary of $600,000; incentive plan discussions planned for the 2028 fiscal year
- Severance equal to the greater of the policy amount or current annual base salary if terminated without Cause, for disability, or for Good Reason
- Full-time, exclusive service, with exceptions including services to Access Industries; full text to be filed with the Form 10-K for the fiscal year ending September 30, 2026
Read the filing on SEC.gov ↗
Sep 22, 5:00 PM ET
Warner Music Group said Carianne Marshall, Co-Chair and Chief Operating Officer of its subsidiary Warner Chappell Music, will step down effective September 30, 2026, and will remain employed through January 8, 2027 to provide transition and advisory services. Her separation agreement provides severance equal to eighteen months of salary, plus bonus eligibility and other payments. The filing does not indicate a change to company financial results, but it reflects a senior leadership departure and related compensation costs.
- Carianne Marshall steps down as Co-Chair and COO, Warner Chappell Music, effective September 30, 2026
- Marshall remains employed through January 8, 2027 for transition and advisory services
- Severance equals eighteen months of salary; also includes a $116,000 lump sum and a one-time equity award with a $1,500,000 grant date value
- Full separation agreement, dated September 22, 2026, will be filed with the Form 10-K for the fiscal year ending September 30, 2026
Read the filing on SEC.gov ↗
Sep 4, 4:05 PM ET
Warner Music Group disclosed an amendment to the employment agreement of Louis Dickler, who serves as Acting Chief Financial Officer while also serving as Senior Vice President, Global Controller & Chief Accounting Officer. The amendment sets his base salary at $1,000,000 during the transition period and $650,000 afterward, and fixes his January 2027 long-term incentive grant target at $1,000,000. The filing does not name a new CFO, so the transition timing remains open.
- Amendment dated September 4, 2026; Dickler's acting CFO role began July 31, 2026
- Base salary is $1,000,000 during the Transition Period, then $650,000 for the rest of the agreement term
- January 2027 long-term incentive grant target value set at $1,000,000
- Transition Period ends on a date set by the company, expected to follow a new CFO starting; full amendment to be filed with the 10-K for fiscal year ending September 30, 2026
Read the filing on SEC.gov ↗
Aug 5, 4:03 PM ET
Warner Music Group reported fiscal third-quarter results for the period ended June 30, 2026, with revenue up 10% and net income of $200 million, compared with a loss of $16 million a year earlier. The company also declared a regular quarterly dividend of $0.20 per share and reiterated its full-year margin expansion guidance, which points to continued profit growth for shareholders.
- Revenue rose 10% to $1,864 million; operating income increased 80% to $305 million.
- Diluted EPS was $0.38 for Class A and $0.39 for Class B, versus $(0.03) a year earlier; adjusted EPS was $0.51 versus $0.42.
- Company continues to expect the high end of its 150-200 basis point full-year margin expansion guidance.
- Quarterly dividend of $0.20 per share is payable September 1, 2026, to holders of record on August 20, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
