---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-004838"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:30:19.069178+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-004838
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774924004838/0001437749-24-004838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774924004838/gtn20240220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-004838
- JSON: https://secwatch.observer/filing/0001437749-24-004838.json
- Plain text: https://secwatch.observer/filing/0001437749-24-004838.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43196/000143774924004838/0001437749-24-004838-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/43196/000143774924004838/0001437749-24-004838-index.htm

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