secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001193125-23-150458
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gray Television appoints Sandy Breland as EVP and COO effective May 22, 2023
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- Breland, 60, previously Senior Managing VP, succeeds Bob Smith who retired after long tenure.
- Annual base salary of $775,000; target cash incentive of 90% of base salary for FY2023.
- Equity award for FY2023: grant date fair value 180% of base salary, 50% restricted stock (3-year vest) and 50% performance shares (0-200% payout by Feb 2026).
- Breland joined Gray via Raycom Media acquisition in 2019; oversaw stations in 16 markets and news operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000119312523150458/0001193125-23-150458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000119312523150458/d689951d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-150458

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