secwatch.observer — SEC 8-K summary
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Issuer:     TEGNA INC (—)
CIK:        0000039899
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0000898822-24-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TEGNA names Michael Steib as President & CEO to succeed David Lougee effective Aug 12, 2024
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- Michael Steib (former CEO of Artsy) appointed President, CEO and director effective Aug 12, 2024, succeeding David Lougee.
- David Lougee to retire as CEO, become Senior Advisor; $550K annual base salary during advisory period through Aug 2025.
- Steib's compensation: $1M base, 150% target bonus, $4M RSU + $2M PSU grants, target LTI of 550% of base from 2025.
- Board expanded to 11; new independent directors Catherine Dunleavy (former President, Away) and Denmark West (Alphabet's X) as of July 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39899/000089882224000003/0000898822-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39899/000089882224000003/tgna8k61924.htm
  HTML page:      https://secwatch.observer/filing/0000898822-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer