secwatch.observer — SEC 8-K summary
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Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001058623-25-000037
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000037/0001058623-25-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862325000037/cmls-20250304.htm
  HTML page:      https://secwatch.observer/filing/0001058623-25-000037

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