David Sailer appointed CFO of Clear Channel Outdoor, effective March 1, 2024; Brian Coleman becomes consultant

Clear Channel Outdoor Holdings, Inc.

David Sailer, EVP CFO Americas since 2014, promoted to Company CFO effective March 1, 2024; succeeds Brian Coleman.
Brian Coleman steps down as CFO on March 1, 2024, and will serve as consultant through April 15, 2025, focusing on balance sheet.
Sailer receives $650,000 base salary, 100% target bonus, sign-on equity of $400,000, and annual equity target of $1.2 million.
Company reaffirms previously issued guidance for Q4 and full year 2023; no specific figures disclosed in the filing.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

David Sailer

Executive Vice President, Chief Financial Officer

CCO · Clear Channel Outdoor Holdings, Inc.

Effective: 2024-03-01
Filed: December 19, 2023, 6:59 PM ET

On December 18, 2023, the Board of Directors (the “Board”) of Clear Channel Outdoor Holdings, Inc. (the “Company”) appointed David Sailer, currently the Executive Vice President, Chief Financial Officer of the Americas of the Company, as Executive Vice President, Chief Financial Officer of the Company, effective as of March 1, 2024 (the “Transition Date”).

Departed

Brian D. Coleman

Executive Vice President, Chief Financial Officer and Assistant Secretary

CCO · Clear Channel Outdoor Holdings, Inc.

Effective: 2024-03-01
Successor: David Sailer
Filed: December 19, 2023, 6:59 PM ET

Also on December 18, 2023, the Board and Brian D. Coleman agreed that Mr. Coleman will depart from his position as Executive Vice President, Chief Financial Officer and Assistant Secretary of the Company, effective as of the Transition Date, upon which time he will become a consultant to the Company until April 15, 2025 (unless earlier terminated pursuant to the terms of the Coleman Consulting Agreement (as defined below)) in order to assist with transition matters.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Sailer was appointed as Executive Vice President, Chief Financial Officer at Clear Channel Outdoor Holdings, Inc..

Action: appointed
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

On December 18, 2023, the Board of Directors (the “Board”) of Clear Channel Outdoor Holdings, Inc. (the “Company”) appointed David Sailer, currently the Executive Vice President, Chief Financial Officer of the Americas of the Company, as Executive Vice President, Chief Financial Officer of the Company, effective as of March 1, 2024 (the “Transition Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian D. Coleman departed as Executive Vice President, Chief Financial Officer and Assistant Secretary at Clear Channel Outdoor Holdings, Inc..

Action: depart
Role: Executive Vice President, Chief Financial Officer and Assistant Secretary

Exact text from the filing

Also on December 18, 2023, the Board and Brian D. Coleman agreed that Mr. Coleman will depart from his position as Executive Vice President, Chief Financial Officer and Assistant Secretary of the Company, effective as of the Transition Date, upon which time he will become a consultant to the Company until April 15, 2025 (unless earlier terminated pursuant to the terms of the Coleman Consulting Agreement (as defined below)) in order to assist with transition matters.

View on SEC.gov

Clear Channel Outdoor Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-298677

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