secwatch.observer — SEC 8-K summary
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Issuer:     Townsquare Media, Inc. (TSQ)
CIK:        0001499832
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001499832-22-000098
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Townsquare Media expands board to 7, appoints former Nike/Jordan Brand GC Gary Way
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- Board expanded from 6 to 7 members effective January 1, 2023.
- Gary D. Way appointed as Class I director, term expiring at 2024 annual meeting.
- Way is independent; no reportable transactions or arrangements under Reg S-K.
- Compensation: $70k annual cash + $25k for committee chair; $130k annual equity grant (1-year vest).
- Way brings legal and risk management experience from Nike/Jordan Brand and NBA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000098/0001499832-22-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499832/000149983222000098/tsq-20221222.htm
  HTML page:      https://secwatch.observer/filing/0001499832-22-000098

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