---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-305906"
form_type: "8-K"
ticker: "SALM"
cik: "0001050606"
company_name: "SALEM MEDIA GROUP, INC. /DE/"
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T05:43:50.619135+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Salem Media Group voluntarily delists from Nasdaq, plans OTCQX listing by Jan 19

## Summary
- Salem Media notified Nasdaq of voluntary delisting, effective ~Jan 18, 2024.
- Company failed to regain compliance with Nasdaq minimum bid price rule.
- Board accepted Special Committee recommendation for delisting, citing significant annual cost savings.
- Common stock expected to be quoted on OTCQX starting Jan 19, 2024, pending OTC approval.
- Company intends to file Form 15 by March 29, 2024 to deregister and suspend SEC reporting.

## SEC filing metadata
- accession: 0001193125-23-305906
- form_type: 8-K
- ticker: SALM
- cik: 0001050606
- company_name: SALEM MEDIA GROUP, INC. /DE/
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050606/000119312523305906/0001193125-23-305906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050606/000119312523305906/d792719d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-305906
- JSON: https://secwatch.observer/filing/0001193125-23-305906.json
- Plain text: https://secwatch.observer/filing/0001193125-23-305906.txt

## Key facts
- Listing & Compliance Notices
  SALEM MEDIA GROUP, INC. /DE/ received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: December 22, 2023, the Corporation received written notice from Nasdaq notifying the Corporation that it has not regained compliance with Nasdaq Listing Rule 5450(a)(1) and that the Class A Common Stock is subject to delisting from Nasdaq and is scheduled for delisting at the opening of business on January 3, 2024, and that a Form 25-NSE will be filed with the SEC, unless the Corporation (i) submits an on-line application to transfer its Class A Common Stock to The Nasdaq Capital Market by December 29, 2023, or (ii) appeals such determination by requesting a hearing to the Nasdaq Hearings Pane
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050606/000119312523305906/0001193125-23-305906-index.htm

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