Cumulus Media adopts director resignation policy for majority vote in uncontested elections

CUMULUS MEDIA INC

Board unanimously approved amendment to Section 2.7 of Bylaws effective March 4, 2025.
Incumbent director who fails to receive majority of votes cast in non-contested election must tender resignation.
Nominating and Governance Committee to recommend accept/reject; Board decides within 90 days and discloses rationale.
Policy adopted based on stockholder engagement feedback over past year.

item 5.03 item 9.01

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