{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-23-000036","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2023-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.692022+00:00","generated_at":"2026-06-18T09:14:47.306547+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Cumulus Media approves 2023 quarterly incentive plan for executives based on adjusted EBITDA targets","bullets":["2023 QIP pays quarterly cash awards tied to year-to-date adjusted EBITDA goals.","Target awards as percentage of base salary per existing employment agreements.","If annual target EBITDA met, executives receive 100% of target; threshold yields 50%, maximum yields 200%.","Quarterly payouts of 12.5% of annual target if year-to-date target met; no payment if not met.","Full-year payout reduced by prior quarterly payments; linear interpolation for between-goal performance."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-23-000036","json":"https://secwatch.observer/filing/0001058623-23-000036.json","markdown":"https://secwatch.observer/filing/0001058623-23-000036.md","text":"https://secwatch.observer/filing/0001058623-23-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000036/0001058623-23-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862323000036/cmls-20230303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T09:14:47.306547+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}