iHeartMedia promotes McGuinness to Deputy CFO & CFO of Multiplatform/Digital; salary raised to $850K

iHeartMedia, Inc.

Michael McGuinness named EVP, Deputy CFO, and CFO – Multiplatform and Digital Segments.
Annual base salary increased to $850,000 (Sept 2022), rising to $925,000 (Jan 2024) and $975,000 (Jan 2026).
Target bonus raised from 110% to 125% of base salary; employment term extended to June 1, 2027.
Severance enhanced: 1.5x base+bonus for non-CIC termination; 2x for CIC termination, plus COBRA and accelerated vesting.

item 5.02 item 9.01

Executive movements

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Role change

Michael McGuinness

Executive Vice President, Deputy Chief Financial Officer of the Company and Chief Financial Officer – Multiplatform and Digital Segments

IHRT · iHeartMedia, Inc.

Effective: 2022-09-16
Filed: September 21, 2022, 7:59 PM ET

Mr. McGuinness’s title was changed from Executive Vice President – Finance and Deputy Chief Financial Officer to Executive Vice President, Deputy Chief Financial Officer of the Company and Chief Financial Officer – Multiplatform and Digital Segments.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael McGuinness changed role as Executive Vice President, Deputy Chief Financial Officer of the Company and Chief Financial Officer – Multiplatform and Digital Segments at iHeartMedia, Inc..

Action: promoted
Role: Executive Vice President, Deputy Chief Financial Officer of the Company and Chief Financial Officer – Multiplatform and Digital Segments

Exact text from the filing

Mr. McGuinness’s title was changed from Executive Vice President – Finance and Deputy Chief Financial Officer to Executive Vice President, Deputy Chief Financial Officer of the Company and Chief Financial Officer – Multiplatform and Digital Segments.

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iHeartMedia, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-248454

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