AI English summary of an SEC filing — figures as filed
Fox Corporation FOXFox said Adam Ciongoli will step down as Chief Legal and Policy Officer effective December 1, 2026 and will serve as a special advisor under an Advisory Services Agreement for 18 months from that date.
Key points
AI summaryFox said Adam Ciongoli will step down as Chief Legal and Policy Officer effective December 1, 2026 and will serve as a special advisor under an Advisory Services Agreement for 18 months from that date.
The company said Ciongoli will receive a separation payment equal to 1 year of his base salary plus his fiscal 2027 target annual bonus, company-paid COBRA coverage, and a cash payment of $12,595,784 for cancellation of his equity awards.
Fox said Ciongoli will receive an annual consulting fee of $1,750,000, paid in monthly installments of $145,833.33, for the 18-month term of the Advisory Services Agreement, and will provide advice on ongoing legal, policy and regulatory matters.
The company said Nicholas Trutanich will become General Counsel effective December 1, 2026, with a base salary of $1,400,000, a target bonus of $1,400,000 and an annual target long-term incentive award of $2,200,000.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Adam Ciongoli Steps Down as Chief Legal and Policy Officer, Moves to Advisory Role
Fox said Adam Ciongoli will step down as Chief Legal and Policy Officer effective December 1, 2026 and will serve as a special advisor under an Advisory Services Agreement for 18 months from that date.
Source · Based on the filing body and exhibits
Ciongoli Separation Agreement: Severance and $12,595,784 Cash Payment
The company said Ciongoli will receive a separation payment equal to 1 year of his base salary plus his fiscal 2027 target annual bonus, company-paid COBRA coverage, and a cash payment of $12,595,784 for cancellation of his equity awards.
Source · Based on the filing body and exhibits
Ciongoli Advisory Agreement Terms: $1,750,000 Annual Fee
Fox said Ciongoli will receive an annual consulting fee of $1,750,000, paid in monthly installments of $145,833.33, for the 18-month term of the Advisory Services Agreement, and will provide advice on ongoing legal, policy and regulatory matters.
Source · Based on the filing body and exhibits
Nicholas Trutanich Named General Counsel, Compensation Terms
The company said Nicholas Trutanich will become General Counsel effective December 1, 2026, with a base salary of $1,400,000, a target bonus of $1,400,000 and an annual target long-term incentive award of $2,200,000.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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