---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-255676"
form_type: "8-K"
ticker: "SALM"
cik: "0001050606"
company_name: "SALEM MEDIA GROUP, INC. /DE/"
filed_at: "2022-09-30T23:59:59+00:00"
generated_at: "2026-06-23T06:15:29.735128+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Salem Media settles Texas lawsuit for $5.325M, up from $1.5M accrued

## Summary
- Settlement with Cort Thomas (Receiver/Assignee) resolves 2020 lawsuit alleging Texas Securities Act violations.
- Company will pay $5.325 million, compared to $1.5 million accrued as of June 30, 2022.
- Company denies allegations but settled to avoid costly litigation; court approval required.
- Court denied company's summary judgment motions on September 12, 2022, preceding settlement.

## SEC filing metadata
- accession: 0001193125-22-255676
- form_type: 8-K
- ticker: SALM
- cik: 0001050606
- company_name: SALEM MEDIA GROUP, INC. /DE/
- filed_at: 2022-09-30T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050606/000119312522255676/0001193125-22-255676-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050606/000119312522255676/d372836d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-255676
- JSON: https://secwatch.observer/filing/0001193125-22-255676.json
- Plain text: https://secwatch.observer/filing/0001193125-22-255676.txt

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