---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-035564"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:50:05.593376+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Michael Biard named Nexstar President & COO effective Aug 21; Tony Wells joins Board

## Summary
- Michael Biard, former Fox Corp President of Operations & Distribution, appointed Nexstar President & COO effective Aug 21, 2023.
- Biard's employment agreement runs through Aug 2027; base salary $2M, target bonus 125% of salary, plus 25,000 RSUs grant.
- Thomas Carter, former COO, becomes Senior Advisor through end of 2023 to assist transition.
- Tony Wells, former Verizon Chief Media Officer, appointed to Board effective July 26, 2023; will serve on compensation committee.
- Wells brings advertising and marketing expertise; fills vacancy left by Dennis Miller's move to lead The CW Network.

## SEC filing metadata
- accession: 0000950170-23-035564
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000095017023035564/0000950170-23-035564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000095017023035564/nxst-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-035564
- JSON: https://secwatch.observer/filing/0000950170-23-035564.json
- Plain text: https://secwatch.observer/filing/0000950170-23-035564.txt

## Key facts
- Executive change
  Thomas Carter was named as Senior Advisor at NEXSTAR MEDIA GROUP, INC..
  - Action: named
  - Role: Senior Advisor
  source text: Mr. Biard will assume his new role from Thomas Carter, who has been named Senior Advisor effective August 21, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000095017023035564/0000950170-23-035564-index.htm
- Executive change
  Michael Biard was appointed as President and Chief Operating Officer at NEXSTAR MEDIA GROUP, INC..
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: On July 25, 2023, Nexstar Media Group, Inc. (the “Company”) announced the appointment of Michael Biard, 54, as President and Chief Operating Officer of the Company effective August 21, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000095017023035564/0000950170-23-035564-index.htm

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