secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0000950170-23-071947
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar extends CFO Lee Ann Gliha's employment through Dec 2026; base salary set at $1M
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- Employment extended to Dec 31, 2026 with automatic one-year renewals unless 90-day notice.
- Annual base salary of $1,000,000 effective Jan 1, 2024, with discretionary increases by CEO.
- FY2023 bonus fixed at $750,000; starting FY2024 bonus up to 100% of base salary (max 150% with approval).
- Bonus criteria: 50% based on Nexstar exceeding 90% of budgeted net revenue or EBITDA; 50% discretionary.
- Grant of 2,500 restricted stock units on or before Jan 1, 2024, vesting over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000095017023071947/0000950170-23-071947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000095017023071947/nxst-20231218.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-071947

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