Entravision enters cooperation agreement with ~18.1% stakeholder; nominates Thomas Strickler to board

ENTRAVISION COMMUNICATIONS CORP

Cooperation Agreement with Alexandra Seros and affiliates owning ~18.1% of EVC common stock after Walter Ulloa's death.
Company to nominate Thomas Strickler (co-founder of Endeavor Talent Agency) as independent director at 2023 annual meeting.
Stockholders agree to vote with Board recommendations and standstill limits (ownership ≤20%, no proxy contests).
Standstill period ends 5 business days after Strickler ceases as director; includes non-disparagement and no-litigation clauses.
Agreement follows constructive dialogue; Strickler adds media industry expertise to the Board.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTRAVISION COMMUNICATIONS CORP entered into Cooperation Agreement with Alexandra Seros, Estate of Walter F. Ulloa, Alexandra Seros, as Trustee of the Seros Ulloa Family Trust of 1996 and Thomas Strickler, as Trustee of The Walter F. Ulloa Irrevocable Trust of 1996 (effective 2023-05-04).

Action: entry
Counterparty: Alexandra Seros, Estate of Walter F. Ulloa, Alexandra Seros, as Trustee of the Seros Ulloa Family Trust of 1996 and Thomas Strickler, as Trustee of The Walter F. Ulloa Irrevocable Trust of 1996
Effective: 2023-05-04

Exact text from the filing

Entravision Communications Corporation (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Alexandra Seros, Estate of Walter F. Ulloa, Alexandra Seros, as Trustee of the Seros Ulloa Family Trust of 1996 and Thomas Strickler, as Trustee of The Walter F. Ulloa Irrevocable Trust of 1996 (collectively, the “Stockholders”), dated as of May 4, 2023.

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Source: SEC EDGAR

accession 0000950170-23-018356

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