8-K
filed April 27, 2023, 7:59 PM ET
ticker CMLS
CIK 0001058623
other material
confidence high
sentiment neutral
materiality 0.40
Cumulus Media stockholders approve amendment to 2020 equity plan, increasing authorized shares by 700,000
CUMULUS MEDIA INC
- Stockholders approved amendment to 2020 Equity Plan, increasing share reserve by 700,000 to 2.8M shares.
- All seven director nominees elected, including Mary G. Berner and Matthew C. Blank.
- Advisory say-on-pay vote passed with ~52% support (6.7M for, 6.1M against).
- Advisory vote on frequency: one year approved with 12M votes for.
- Ratification of PricewaterhouseCoopers as auditor for 2023 passed with 15.3M votes for.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMULUS MEDIA INC shareholders approved Election of Directors at the 2023-04-26 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal No. 1 (Election of Directors): Nominee Votes For Votes Withheld Broker Non-Votes Mary G. Berner 8,406,977 4,458,533 2,547,897 Matthew C. Blank 9,424,744 3,440,766 2,547,897 Thomas H. Castro 8,087,202 4,778,308 2,547,897 Deborah A. Farrington 10,587,356 2,278,154 2,547,897 Joan Hogan Gillman 9,383,042 3,482,468 2,547,897 Andrew W. Hobson 10,618,323 2,247,187 2,547,897 Brian G. Kushner 9,856,652 3,008,858 2,547,897
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMULUS MEDIA INC shareholders approved Proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2023 at the 2023-04-26 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal No. 5 (Proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2023): Votes For Votes Against Abstain 15,271,971 64,104 77,332
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMULUS MEDIA INC shareholders approved Proposal to approve an amendment and restatement of the Cumulus Media Inc. 2020 Equity and Incentive Compensation Plan at the 2023-04-26 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal No. 4 (Proposal to approve an amendment and restatement of the Cumulus Media Inc. 2020 Equity and Incentive Compensation Plan): Votes For Votes Against Abstain Broker Non-Votes 9,745,339 3,104,267 15,904 2,547,897
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMULUS MEDIA INC shareholders approved Proposal to approve, on an advisory basis, the frequency of future advisory shareholder votes on the compensation paid to the Company's named executive officers at the 2023-04-26 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal No. 3 (Proposal to approve, on an advisory basis, the frequency of future advisory shareholder votes on the compensation paid to the Company's named executive officers): One Year Two Years Three Years Abstain Broker Non-Votes 12,030,840 3,714 796,830 34,126 2,547,897
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CUMULUS MEDIA INC shareholders approved Proposal to approve, on an advisory basis, the compensation paid to the Company's named executive officers at the 2023-04-26 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-26
Exact text from the filing
Proposal No. 2 (Proposal to approve, on an advisory basis, the compensation paid to the Company’s named executive officers): Votes For Votes Against Abstain Broker Non-Votes 6,710,589 6,135,879 19,042 2,547,897
View on SEC.gov
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