secwatch.observer — SEC 8-K summary
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Issuer:     Clear Channel Outdoor Holdings, Inc. (CCO)
CIK:        0001334978
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001193125-24-140689
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clear Channel Outdoor grants performance-based RSUs to execs; shareholders approve stock plan increase
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- CEO Scott Wells, CFO David Sailer, CLO Lynn Feldman granted PSUs with target values $3.75M, $1.2M, $1M respectively.
- PSUs vest in 1/3 increments based on stock price hurdles of $2.50, $3.25, $4.25 (60%-172% above current $1.56) over 4-year period.
- Stockholders approved 2012 Incentive Plan amendment adding 36.7M new shares and eliminating liberal share recycling for stock options/SARs.
- All director nominees elected; advisory say-on-pay passed; officer exculpation amendment and auditor ratification approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1334978/000119312524140689/0001193125-24-140689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1334978/000119312524140689/d495888d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-140689

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer