secwatch.observer — SEC 8-K summary
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Issuer:     URBAN ONE, INC. (UONE)
CIK:        0001041657
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001558370-24-004883
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban One enters CEO employment agreement with Alfred C. Liggins; $1.25M base salary, stock grants
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- Annual base salary of $1,250,000; target bonus 100% of base salary (up to 175% for superior performance).
- Three annual stock option grants valued at $474,610 each (total $1.423M) and a completion bonus of 156,250 Class D shares vesting Jan 6, 2025.
- TV One Award: 4.17192% of proceeds from TV One liquidity events after Company recovers its investment.
- Agreement effective Jan 1, 2022; initial term through Dec 31, 2024, with automatic one-year renewals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041657/000155837024004883/0001558370-24-004883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041657/000155837024004883/uone-20240403x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-004883

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