---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-092335"
form_type: "8-K"
ticker: "SALM"
cik: "0001050606"
company_name: "SALEM MEDIA GROUP, INC. /DE/"
filed_at: "2022-04-01T23:59:59+00:00"
generated_at: "2026-06-26T10:10:54.225316+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Salem Media amends CEO and COO employment agreements with new incentive structure

## Summary
- CEO David Santrella base salary set at $661k (2022), $674,220 (2023), $687,704 (2024).
- Quarterly bonuses for Santrella: up to $6,800 each for achieving total company revenue/EBITDA budgets.
- Annual restricted stock award of $25k for Santrella if revenue exceeds budget by ≥$2M and grows ≥5% YoY.
- Santrella receives option to purchase 50,000 shares of Class A common stock vesting over 4 years.
- COO David Evans incentive includes quarterly bonuses up to $5,700 for company targets and $2,800 for non-broadcast/Regnery.

## SEC filing metadata
- accession: 0001193125-22-092335
- form_type: 8-K
- ticker: SALM
- cik: 0001050606
- company_name: SALEM MEDIA GROUP, INC. /DE/
- filed_at: 2022-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050606/000119312522092335/0001193125-22-092335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050606/000119312522092335/d305296d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-092335
- JSON: https://secwatch.observer/filing/0001193125-22-092335.json
- Plain text: https://secwatch.observer/filing/0001193125-22-092335.txt

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