secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001437749-24-004838
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774924004838/0001437749-24-004838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774924004838/gtn20240220_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-004838

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