---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-018610"
form_type: "8-K"
ticker: "EVC"
cik: "0001109116"
company_name: "ENTRAVISION COMMUNICATIONS CORP"
filed_at: "2022-09-16T23:59:59+00:00"
generated_at: "2026-06-23T09:01:08.570240+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Entravision pays $21.7M immediate, restructures earn-out in Redmas Ventures acquisition

## Summary
- Immediate cash payment of $21,734,358 to Sorin Properties as first accelerated payment, replacing future earn-out obligations.
- Sorin's board appointment and governance rights terminated; board member Adriana Cisneros resigns.
- Second payment due April 2023: 49% of 2022 EBITDA × 4 × 75.04% ownership less first payment (min $0), plus $3.752M.
- Third payment due April 2024: $3.752M base plus 49% of any 2023 EBITDA increase over 2022, capped at 2× multiple.
- Acquisition agreement for remaining 49% of Redmas Ventures largely unchanged; guarantee by Entravision Communications.

## SEC filing metadata
- accession: 0000950170-22-018610
- form_type: 8-K
- ticker: EVC
- cik: 0001109116
- company_name: ENTRAVISION COMMUNICATIONS CORP
- filed_at: 2022-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109116/000095017022018610/0000950170-22-018610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1109116/000095017022018610/evc-20220913.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-018610
- JSON: https://secwatch.observer/filing/0000950170-22-018610.json
- Plain text: https://secwatch.observer/filing/0000950170-22-018610.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.