Sonos, Inc. announced on September 27, 2023, Panos Panay informed the Board of Directors of his resignation as a member of the Board and the Audit Committee of the Board, effective immediately. Mr. Panay?s decision to resign results from his acceptance of a new professional opportunity at Amazon.com, Inc. There were no disagreements with the Company on any matter relating to the Company?s operations, policies or practices that led to his resignation. In connection with Mr. Panay?s resignation, the Board appointed Joanna Coles to serve on its Audit Committee and decreased its size from eight to seven directors.
Sonos, Inc. designs, develops, manufactures and sells audio products and services. The Company has developed multi-room, wireless audio products. Its platform has a broad range of more than 130 streaming content providers, such as Apple Music, Spotify and Pandora. The Company outsources the manufacturing of its speakers and components to contract manufacturers, who produce its products based on its design specifications. Its product categories include speakers, portable speakers, home theater, sets, architectural, audio components and accessories. The Company's products include Arc, Beam (Gen 2), Ray, Era 100, Era 300, Roam, Move 2, Sub (Gen 3), Sub Mini, Five and Amp. Its partner products include Sonos Pro, Audi Partnership, Sonos Radio HD, Sonos Radio, Sonos Architectural by Sonance, IKEA module units and accessories. Its Move 2 product is a portable, battery-powered smart speaker that delivers spacious stereo sound, with water-resistant design for outdoor and indoor listening.
SONOS, INC. 
