secwatch.observer — SEC 8-K summary
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Issuer:     iHeartMedia, Inc. (IHRT)
CIK:        0001400891
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0001193125-25-303163
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iHeartMedia names Michael McGuinness CFO effective Jan 1, 2026; extends employment to 2030
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- Annual salary rises to $1.2M, bonus target increases to 150% of base salary.
- Long-term incentive grant target set at $1.5M annual grant-date fair value.
- Employment term extended through June 30, 2030; non-renewal notice period shifted to Dec 1 – Jan 1.
- McGuinness will report to President & COO Richard Bressler, replacing prior CFO dual role.
- Amendment also updates payola compliance and arbitration provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400891/000119312525303163/0001193125-25-303163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400891/000119312525303163/d46198d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-303163

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