This excerpt taken from the SIRI 10-Q filed May 9, 2005.
See Exhibit Index attached hereto.
(b) Reports on Form 8-K.
On January 15, 2005, we filed a Current Report on Form 8-K to report that the rights issued under our Rights Agreement, dated as of October 22, 1997, as amended, with The Bank of New York, as rights agent, expired. The rights permitted stockholders to acquire common stock from us at prices substantially below market value under certain change-in-control scenarios. Our board of directors elected not to renew the rights and determined that such action was in the best interests of our stockholders. We have no current plans to renew the rights or adopt a similar plan.
On January 26, 2005, we filed a Current Report on Form 8-K to announce our results for the year and three months ended December 31, 2004.