XM Satellite Radio Holdings 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 11, 2008 (August 5, 2008)
XM SATELLITE RADIO HOLDINGS INC.
(Exact Name of Registrant as Specified in Charter)
Registrants telephone number, including area code: (202) 380-4000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
TABLE OF CONTENTS
Item 8.01. Other Events
As previously disclosed, in 2006, the Federal Communications Commission (FCC) commenced investigations regarding the compliance of FM modulator wireless transmitters in various XM radios with the FCCs rules and the compliance of certain terrestrial repeaters with the special temporary authority granted by the FCC. On August 5, 2008, we entered into a Consent Decree with the FCC that terminated these inquiries.
As part of the Consent Decree, we agreed, among other things, to:
within 60 days of the order adopting the Consent Decree, cease operating 50 variant terrestrial repeaters and shut down or bring into compliance an additional 50 variant terrestrial repeaters;
adopt a comprehensive compliance plan, and take steps to address any potentially non-compliant radios remaining in the hands of consumers; and
make a voluntary contribution to the United States Treasury of approximately $17 million.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: August 11, 2008