{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-023855","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2026-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.480715+00:00","generated_at":"2026-05-15T19:17:37.465786+00:00","sec_items":["1.01","1.03","2.04","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"confidence":"high","headline":"Cumulus Media files prepackaged Ch.11; $592M debt equitized; equity cancelled for no recovery","bullets":["Prepackaged Chapter 11 filed March 4; Plan equitizes ~$592M debt, cutting annual cash interest ~$49M.","Existing Class A and Class B common stock cancelled for no recovery; holders receive nothing.","Consenting 2029 note/lenders to receive $50M Exit Notes + 95% of new common stock.","Two directors (Castro, Kushner) resigned; Elizabeth Abrams and David Tolley appointed per RSA.","Company continues operations as debtor-in-possession; ABL lenders get new ABL loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-023855","json":"https://secwatch.observer/filing/0001104659-26-023855.json","markdown":"https://secwatch.observer/filing/0001104659-26-023855.md","text":"https://secwatch.observer/filing/0001104659-26-023855.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926023855/0001104659-26-023855-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926023855/tm267873d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T19:17:37.465786+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}