secwatch.observer — SEC 8-K summary
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Issuer:     SALEM MEDIA GROUP, INC. /DE/ (SALM)
CIK:        0001050606
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001193125-22-303844
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Salem Media enters new employment agreements with President Broadcast Media and CFO
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- E. Allen Power named President Broadcast Media; base salary $390k (2023), $399,750 (2024), $409,743.75 (2025); quarterly bonuses tied to Broadcast NOR and SOI targets.
- Evan D. Masyr continues as EVP & CFO; base salary $500k (2023), $510k (2024), $520k (2025); eligibility for annual merit bonus and change-of-control accelerated vesting.
- Both agreements are at-will; severance of six months' base salary if terminated without cause.
- Power's non-compete restricted to Atlanta metro survey area for six months post-termination.
- Masyr's agreement includes automatic two-year fixed term upon anticipated change of control and good faith negotiation for compensation adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050606/000119312522303844/0001193125-22-303844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050606/000119312522303844/d433397d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-303844

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