secwatch.observer — SEC 8-K summary
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Issuer:     Clear Channel Outdoor Holdings, Inc. (CCO)
CIK:        0001334978
Form:       8-K
Filed at:   2021-07-30T23:59:59+00:00
Accession:  0001193125-21-231611
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clear Channel Outdoor CEO Eccleshare stepping down; Scott Wells to become CEO Jan 1, 2022
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- CEO Eccleshare will step down Dec 31, 2021; becomes Executive Vice Chairman through 2022, then resigns from board.
- Scott Wells, currently EVP/CEO Americas, named President and CEO effective Jan 1, 2022, and appointed to board.
- Eccleshare receives reduced base salary of $625k, bonus target 110%, no equity grants in 2022, and $2.875M termination payment upon resignation.
- Wells gets base salary $1.1M, bonus target 110%, annual equity grant min $2M, plus $1M RSU grant vesting over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334978/000119312521231611/0001193125-21-231611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334978/000119312521231611/d210495d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-231611

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