Gray Television CFO Jim Ryan to retire; Jeff Gignac appointed as successor effective July 1, 2024

GRAY MEDIA, INC

Jim Ryan will retire as CFO on June 30, 2024, then serve as Senior Advisor through Dec 31, 2025 at $1.5M/yr.
Jeff Gignac joins Apr 1, 2024 as EVP Finance, becomes CFO July 1, 2024; base salary $850,000.
Gignac eligible for target cash bonus 100% of base, equity target 225% of base, plus $250k sign-on bonus.
Gignac receives make-whole award: $750k cash (3 annual installments) and $1.5M restricted stock (3-yr vest).
Gignac was Managing Director and Head of Media & Telecom Investment Banking at Wells Fargo Securities.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Jeff Gignac

Executive Vice President and Chief Financial Officer

GTN · GRAY MEDIA, INC

Effective: 2024-07-01
Filed: February 20, 2024, 6:59 PM ET

Mr. Gignac will join the Company, initially as Executive Vice President, Finance, on April 1, 2024, and will succeed Mr. Ryan as Executive Vice President and Chief Financial Officer on July 1, 2024.

Departed

James C. Ryan

Executive Vice President and Chief Financial Officer

GTN · GRAY MEDIA, INC

Effective: 2024-06-30
Successor: Jeff Gignac
Filed: February 20, 2024, 6:59 PM ET

Mr. Ryan will continue to serve as Executive Vice President and Chief Financial Officer of the Company through June 30, 2024, at which time he will retire from that executive officer position.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Gignac was appointed as Executive Vice President and Chief Financial Officer at GRAY MEDIA, INC.

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

Exact text from the filing

Mr. Gignac will join the Company, initially as Executive Vice President, Finance, on April 1, 2024, and will succeed Mr. Ryan as Executive Vice President and Chief Financial Officer on July 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James C. Ryan retired as Executive Vice President and Chief Financial Officer at GRAY MEDIA, INC.

Action: retired
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Ryan will continue to serve as Executive Vice President and Chief Financial Officer of the Company through June 30, 2024, at which time he will retire from that executive officer position.

View on SEC.gov

GRAY MEDIA, INC filing history →

Source: SEC EDGAR

accession 0001437749-24-004838

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