XM Satellite Radio today reported the results for Q1 2005.

XM recorded 541,140 net subscriber additions, representing a 68% increase over the 321,675 subscribers added in the first quarter last year. They finished the quarter with 3,770,264 subscribers.

Conference call is happening in a few - will let everyone know if anything interesting pops up.

Read the whole press release.

Hugh Panero, President and CEO of XM Satellite Radio, got a bonus award totaling $575,850 for 2004, compared with $412,000 for 2003. He also received a salary totaling $476,854 in 2004, compared with $412,000 in 2003. (They seemed to have liked that number on 2003)

Interestingly enough, Panero's employment agreement, effective as of August 2004, dictates a base salary of $550,000 for the first year of the agreement, with increases to $600,000 in the second year and $650,000 in the third year.

So, in essence, he's underpaid!

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XM Satellite Radio announced that Eddy Hartenstein and John Mendel have been nominated for election to its Board of Directors.

Eddy Hartenstein served as the vice chairman and member of the board of directors of The DIRECTV Group Inc. John Mendel is senior vice president, automobile operations of American Honda Motor Co., Inc.

Elections will be held at the upcoming annual shareholders' meeting. Good stuff.

XM Satellite Radio has scheduled a conference call on Wednesday, April 27, 2005 at 10:30 AM (ET) to chit-chat about its Q1 2005 financial results.

The toll-free call-in number is 800-374-0551 (locals call 706-643-3460) or you can listen to the conference call via a live webcast. Replays of the conference call will be available after 1 p.m. on Wednesday, April 27, 2005 through 1 p.m. on May 4, 2005.

Look for XM Radio's quarterly results on Orbitcast prior to the conference call.

Looks like XM's latest little deals are making the boys at S&P smile.

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Nothing new really was said at the SunTrust Investor Conf, but you can listen to the webcasts online.

Here's a link to the Sirius webcast.

Here's a link to the XM webcast.