secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2022-09-21T23:59:59+00:00
Accession:  0001193125-22-248454
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000119312522248454/0001193125-22-248454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000119312522248454/d251354d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-248454

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