---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-326850"
form_type: "8-K"
ticker: "CCO"
cik: "0001334978"
company_name: "Clear Channel Outdoor Holdings, Inc."
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:32:12.757544+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Clear Channel Outdoor enters new CEO employment agreement with Scott Wells through 2030

## Summary
- Base salary of $1.2M, annual bonus target 120% of base, annual equity target $4M (min $2M).
- Agreement effective Jan 1, 2026, extends term to Jan 1, 2030, with auto-renewals for 4-year periods.
- Severance includes 18-month base salary, pro-rata bonus, target bonus lump sum, COBRA payment, and equity vesting acceleration.
- Non-compete for 12 months post-employment covering major outdoor advertising competitors.
- Existing agreement was set to expire Jan 1, 2026; new agreement replaces it.

## SEC filing metadata
- accession: 0001193125-25-326850
- form_type: 8-K
- ticker: CCO
- cik: 0001334978
- company_name: Clear Channel Outdoor Holdings, Inc.
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334978/000119312525326850/0001193125-25-326850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334978/000119312525326850/d66906d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-326850
- JSON: https://secwatch.observer/filing/0001193125-25-326850.json
- Plain text: https://secwatch.observer/filing/0001193125-25-326850.txt

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