secwatch.observer — SEC 8-K summary
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Issuer:     ENTRAVISION COMMUNICATIONS CORP (EVC)
CIK:        0001109116
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0000950170-23-022749
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Entravision adopts new executive bonus, severance plans; new compensation letters for three top execs
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- Compensation Committee approved Executive Cash Incentive Bonus Plan on May 12, 2023 for named executive officers.
- Executive Severance Plan provides Group II execs (all named officers) with base salary, target bonus, pro-rata bonus, equity acceleration, and health coverage.
- New comp letters: Young (Interim CEO/CFO) base $670k, Liberman (President/COO) base $750k, Meyer (CRO) base $628k. Each bonus target 60% of base, Group II severance.
- Severance Plan includes change-in-control provisions with 1x base salary and target bonus for Group II execs.
- All agreements effective May 12, 2023; replace prior employment agreements for Young, Liberman, and Meyer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109116/000095017023022749/0000950170-23-022749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109116/000095017023022749/evc-20230511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-022749

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