secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000950170-23-035564
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017023035564/0000950170-23-035564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017023035564/nxst-20230724.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035564

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