---
schema_version: "secwatch.filing_event.v1"
accession: "0001058623-23-000050"
form_type: "8-K"
ticker: "CMLS"
cik: "0001058623"
company_name: "CUMULUS MEDIA INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:57:38.981964+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Cumulus Media stockholders approve amendment to 2020 equity plan, increasing authorized shares by 700,000

## Summary
- 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.

## SEC filing metadata
- accession: 0001058623-23-000050
- form_type: 8-K
- ticker: CMLS
- cik: 0001058623
- company_name: CUMULUS MEDIA INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000050/0001058623-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000050/cmls-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058623-23-000050
- JSON: https://secwatch.observer/filing/0001058623-23-000050.json
- Plain text: https://secwatch.observer/filing/0001058623-23-000050.txt

## Key facts
- Shareholder Votes
  CUMULUS MEDIA INC shareholders approved Election of Directors at the 2023-04-26 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-04-26
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000050/0001058623-23-000050-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000050/0001058623-23-000050-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000050/0001058623-23-000050-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000050/0001058623-23-000050-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058623/000105862323000050/0001058623-23-000050-index.htm

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