---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-026347"
form_type: "8-K"
ticker: "CMLS"
cik: "0001058623"
company_name: "CUMULUS MEDIA INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:14:55.672423+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cumulus Media adopts poison pill after Renew Group accumulates 10.01%, targets 20%

## Summary
- Rights plan triggers at 15% beneficial ownership of Class A common stock; expires Feb 20, 2025.
- Renew Group Private Ltd. reported 10.01% ownership on Jan 24, 2024, up from 5.15% in July 2023.
- Renew Group told management it intends to acquire 20% of the Company; it also holds stake in a direct competitor.
- Rights entitle holders (excluding triggering person) to buy shares at 50% discount or exchange 1 Right for 1 share.
- Board may redeem Rights at $0.001 per Right at any time before a triggering event is announced.

## SEC filing metadata
- accession: 0001104659-24-026347
- form_type: 8-K
- ticker: CMLS
- cik: 0001058623
- company_name: CUMULUS MEDIA INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058623/000110465924026347/0001104659-24-026347-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058623/000110465924026347/tm246962d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-026347
- JSON: https://secwatch.observer/filing/0001104659-24-026347.json
- Plain text: https://secwatch.observer/filing/0001104659-24-026347.txt

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