Recent 8-K filings for CMLS

• October 16, 2026, 9:47 AM ET other material materiality 0.90 neutral item 1.01item 1.02item 1.03item 2.03item 3.02item 5.03item 3.03item 5.01item 5.02item 7.01item 8.01item 9.01 ◈ executive_change ×11

  Cumulus Media emerges from Chapter 11; old equity canceled; $100M ABL and $50M convertible notes issued

  On Oct 16, 2026, the Plan became effective and Cumulus Media and its debtor affiliates emerged from Chapter 11 (Case No. 26-90346 (ARP)), confirmed April 15, 2026.

• August 14, 2026, 4:16 PM ET earnings materiality 0.75 negative item 2.02item 9.01

  Cumulus Media Q2 revenue down 9.7% to $167.9M; net loss narrows to $9.2M

  Q2 net revenue $167.9M, down 9.7% YoY; net loss $9.2M vs $12.8M loss prior year.

• April 29, 2026, 7:59 PM ET earnings materiality 0.65 neutral item 2.02item 9.01 ◈ Earnings Releases

  Cumulus Media Q1 net loss narrows to $16.9M; court approves reorganization plan

  Net loss of $16.9M improved 47.9% YoY from $32.4M; diluted EPS loss $0.96 vs $1.88.

• April 17, 2026, 7:59 PM ET other material materiality 0.95 negative item 1.03item 5.02item 7.01item 8.01item 9.01 ◈ Distress & Bankruptcy

  Cumulus Media's Chapter 11 plan confirmed; eliminates ~$600M debt, existing equity cancelled

  Bankruptcy Court confirmed Plan of Reorganization on April 15, 2026; FCC approval required before emergence.

• April 10, 2026, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01 ◈ Earnings Releases ×2

  Cumulus Media Q4 net loss $135M; revenue down 14%; full-year adjusted EBITDA $52M

  Q4 net revenue $188.1M, down 14% YoY; net loss $135.1M vs $231.1M loss last year.

• March 5, 2026, 6:59 PM ET other material materiality 1.00 negative item 1.01item 1.03item 2.04item 5.02item 7.01item 8.01item 9.01 ◈ Material Agreements ×2◈ Distress & Bankruptcy

  Cumulus Media files prepackaged Ch.11; $592M debt equitized; equity cancelled for no recovery

  Prepackaged Chapter 11 filed March 4; Plan equitizes ~$592M debt, cutting annual cash interest ~$49M.

• January 15, 2026, 6:59 PM ET leadership materiality 0.35 neutral item 5.02item 7.01item 9.01

  Cumulus Media appoints Carol Flaton to board; Joan Hogan Gillman resigns

  Joan Hogan Gillman resigned from the board effective Jan 15, 2026; Carol Flaton appointed same day.

• October 30, 2025, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Cumulus Media Q3 net revenue down 11.5% to $180.3M; net loss widens to $20.4M

  Net revenue $180.3M (-11.5% YoY); net loss $20.4M vs $10.3M loss; Adj. EBITDA $16.7M (-30.8%).

• August 7, 2025, 7:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01

  Cumulus Media Q2 net revenue $186M, down 9.2% YoY; net loss narrows to $12.8M from $27.7M

  Digital marketing services revenue grew 38% YoY, now ~50% of total digital revenue of $38.8M.

• May 30, 2025, 7:59 PM ET other materiality 0.05 neutral item 5.07item 9.01

  All seven director nominees elected at Cumulus Media annual meeting; advisory pay vote and auditor ratified

  Mary G. Berner, Thomas H. Castro, Deborah A. Farrington, Steven M. Galbraith, Joan Hogan Gillman, Andrew W. Hobson, Brian G. Kushner elected to board. Votes For ranged from 9.3M to 10.0M.

• May 1, 2025, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01

  Cumulus Media Q1 net loss widens to $32.4M; revenue down 6.4% YoY

  Net loss $32.4M ($1.88 diluted EPS) vs $14.2M loss in Q1 2024.

• April 23, 2025, 7:59 PM ET regulatory materiality 0.80 negative item 3.01 ◈ Listing & Compliance Notices

  Cumulus Media (CMLS) to be delisted from Nasdaq; will begin trading on OTCQB effective May 2, 2025

  Nasdaq determined to delist CMLS due to noncompliance with Listing Rules 5450(a)(2) and 5450(b)(1)(A).

• March 10, 2025, 7:59 PM ET other material materiality 0.30 neutral item 5.03item 9.01 ◈ Governance Changes

  Cumulus Media adopts director resignation policy for majority vote in uncontested elections

  Board unanimously approved amendment to Section 2.7 of Bylaws effective March 4, 2025.

• March 7, 2025, 6:59 PM ET regulatory materiality 0.75 negative item 3.01 ◈ Listing & Compliance Notices

  Cumulus Media warned by NASDAQ for equity shortfall; must submit compliance plan

  Stockholders' equity of $6.951M as of Dec 31, 2024, below NASDAQ's $10M minimum for Global Market.

• February 27, 2025, 6:59 PM ET earnings materiality 0.78 negative item 2.02item 9.01

  Cumulus Media reports FY2024 net loss of $283M, revenue down 2.1% to $827M

  Net loss of $283.3M ($16.79/share) vs $117.9M in 2023; includes $224.5M non-cash impairment.

• February 26, 2025, 6:59 PM ET other materiality 0.20 neutral item 8.01

  Cumulus Media lets poison pill expire, appoints Galbraith to Compensation Committee

  Stockholder Rights Plan expired Feb 20, 2025; Board decided not to renew or replace it.

• January 22, 2025, 6:59 PM ET leadership materiality 0.55 neutral item 5.02item 7.01item 9.01 ◈ executive_change ×2

  Cumulus Media appoints top shareholder Steven Galbraith to board after Blank resigns

  Matthew Blank resigned from board effective Jan 22, 2025, will serve as consultant for 18 months.

• December 20, 2024, 6:59 PM ET regulatory materiality 0.70 negative item 3.01 ◈ Listing & Compliance Notices

  Cumulus Media receives NASDAQ delisting notice for bid price below $1.00

  On Dec 16, 2024, NASDAQ notified Cumulus Media (CMLS) of non-compliance with bid price rule (below $1.00 for 30 consecutive days).

• November 1, 2024, 7:59 PM ET earnings materiality 0.65 negative item 2.02item 9.01

  Cumulus Media Q3 2024: revenue down 1.8% to $203.6M, net loss of $10.3M

  Revenue $203.6M (down 1.8% YoY); net loss $10.3M vs net income $2.7M in Q3 2023.

• August 2, 2024, 7:59 PM ET earnings materiality 0.75 negative item 2.02item 9.01

  Cumulus Media Q2 net loss widens to $27.7M; revenue down 2.5% YoY

  Q2 revenue $204.8M (-2.5% YoY); net loss $27.7M vs $1.1M loss in Q2 2023.

• May 3, 2024, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 9.01 ◈ Earnings Releases

  Cumulus Media Q1 revenue $200M, net loss improves; refinances debt to 2029, reduces principal $33M

  Net revenue $200.1M, down 2.7% YoY; net loss $14.2M vs $21.5M loss in Q1 2023; Adjusted EBITDA $8.4M vs $10.3M.

• May 3, 2024, 7:59 PM ET debt materiality 0.75 neutral item 1.01item 2.03item 8.01item 9.01 ◈ Debt Financings ×2◈ Material Agreements ×2

  Cumulus Media exchanges $325.7M of 6.75% notes for 8% notes due 2029; extends ABL to 2029

  Issued ~$308.8M of 8.000% Senior Secured First-Lien Notes due 2029 exchanged for 6.750% notes due 2026 at 94% of par.

• May 2, 2024, 7:59 PM ET other material materiality 0.15 negative item 5.07item 9.01 ◈ Shareholder Votes ×3

  Cumulus Media say-on-pay fails; all directors elected despite high withhold votes

  Say-on-pay proposal rejected: 6.74M against vs 3.64M for; 4.01M broker non-votes.

• April 19, 2024, 7:59 PM ET earnings materiality 0.75 neutral item 2.02item 9.01 ◈ Earnings Releases

  Cumulus Media provides preliminary Q1 2024 revenue $199-201M, net loss $13.4-14.9M, Adj. EBITDA $7.65-9.15M

  Net revenue expected $199M-$201M vs $205.7M in Q1 2023, a decline of 2.3%-3.3%.

• April 19, 2024, 7:59 PM ET debt materiality 0.70 neutral item 1.01item 8.01item 9.01 ◈ Material Agreements

  Cumulus Media amends exchange offer: 6.75% notes for 8% notes due 2029, extends deadline to May 1

  Issuer offers $940 principal of new 8% notes due 2029 per $1,000 of old 6.75% notes due 2026; maturity extended to July 2029.

• April 18, 2024, 7:59 PM ET debt materiality 0.55 neutral item 8.01item 9.01

  Cumulus Media extends exchange offer expiration to Apr 18; $15M tendered

  Expiration extended to 5pm Apr 18 from 5pm Apr 17; offer remains otherwise unchanged.

• April 17, 2024, 7:59 PM ET debt materiality 0.50 neutral item 8.01item 9.01

  Cumulus Media extends exchange offer expiration to April 17; $15M of old notes tendered

  Expiration time extended to 5:00 p.m. ET on April 17, 2024 (from April 16).

• April 15, 2024, 7:59 PM ET debt materiality 0.50 neutral item 8.01item 9.01

  Cumulus Media extends exchange offer for 6.75% notes to April 16; only $15M tendered

  Expiration extended from April 12 to April 16, 2024 at 5:00 p.m. NY time.

• April 10, 2024, 7:59 PM ET debt materiality 0.40 neutral item 8.01item 9.01

  Cumulus Media extends exchange offer deadline for debt refinancing to April 12, 2024

  Extends expiration of exchange offer to April 12, 2024 from April 9, 2024.

• April 3, 2024, 7:59 PM ET debt materiality 0.55 negative item 8.01item 9.01

  Cumulus Media extends exchange offer for 2026 notes to Apr 9; $15M tendered

  Extension to April 9, 2024; Early Tender Period ended March 18, so only $770 New Notes per $1,000 Old Notes.

• March 27, 2024, 7:59 PM ET debt materiality 0.70 negative item 8.01item 9.01

  Cumulus Media extends exchange offer for 6.75% notes to Apr 2; $15M tendered

  Expiration extended from March 26 to April 2, 2024, at 5:00 p.m. NY time.

• March 12, 2024, 7:59 PM ET debt materiality 0.50 neutral item 8.01item 9.01

  Cumulus subsidiary extends early tender time for exchange of 6.75% notes due 2026 for 8.75% notes due 2029

  Issuer extends early tender deadline to March 18, 2024 from March 11, 2024; exchange offer expires March 26.

• February 27, 2024, 6:59 PM ET earnings materiality 0.75 negative item 2.02item 9.01 ◈ Earnings Releases ×2

  Cumulus Media reports FY2023 net loss of $117.9M, revenue down 11.4%; launches debt exchange

  Net revenue $844.5M (-11.4% YoY); net loss $117.9M vs net income $16.2M; diluted EPS loss $6.83.

• February 27, 2024, 6:59 PM ET debt materiality 0.70 neutral item 8.01item 9.01

  Cumulus subsidiary commences exchange offer for $346M 6.75% notes due 2026 to new 8.75% notes due 2029

  Exchange offer for all outstanding $346,245,000 of 6.750% Senior Secured First-Lien Notes due 2026.

• February 22, 2024, 6:59 PM ET other material materiality 0.70 neutral item 1.01item 3.03item 8.01item 9.01

  Cumulus Media adopts poison pill after Renew Group accumulates 10.01%, targets 20%

  Rights plan triggers at 15% beneficial ownership of Class A common stock; expires Feb 20, 2025.

• October 27, 2023, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01 ◈ Earnings Releases

  Cumulus Media Q3 revenue down 11% to $207.4M; net income $2.7M vs $8.5M YoY

  Net revenue $207.4M, down 11.2% YoY; net income $2.7M vs $8.5M in Q3 2022.

• September 21, 2023, 7:59 PM ET other materiality 0.15 neutral item 5.07 ◈ Shareholder Votes

  Cumulus Media determines to hold annual Say-on-Pay vote until 2029

  Stockholders expressed preference for annual Say-on-Pay votes at the 2023 Annual Meeting held April 26, 2023.

• July 28, 2023, 7:59 PM ET earnings materiality 0.75 negative item 2.02item 9.01 ◈ Earnings Releases

  Cumulus Media Q2 revenue down 11% to $210.1M; net loss of $1.1M vs profit a year ago

  Net revenue $210.1M, down 11.2% YoY; net loss $1.1M vs net income $8.7M in Q2 2022.

• June 13, 2023, 7:59 PM ET debt materiality 0.50 neutral item 1.01item 2.03item 9.01 ◈ Material Agreements

  Cumulus Media amends $525M term loan to replace LIBOR with SOFR

  Amendment replaces LIBOR benchmark with Term SOFR plus 0.10% for the $525M senior secured term loan.

• April 27, 2023, 7:59 PM ET earnings materiality 0.70 negative item 2.02item 9.01 ◈ Earnings Releases

  Cumulus Media Q1 net loss widens to $21.5M; revenue down 11% to $205.7M

  Net loss of $21.5M vs $0.9M loss in Q1 2022; Adjusted EBITDA fell 67% to $10.3M.

• April 27, 2023, 7:59 PM ET other material materiality 0.40 neutral item 5.02item 5.07item 9.01 ◈ Shareholder Votes ×5

  Cumulus Media stockholders approve amendment to 2020 equity plan, increasing authorized shares by 700,000

  Stockholders approved amendment to 2020 Equity Plan, increasing share reserve by 700,000 to 2.8M shares.

• March 7, 2023, 6:59 PM ET other material materiality 0.25 neutral item 5.02

  Cumulus Media approves 2023 quarterly incentive plan for executives based on adjusted EBITDA targets

  2023 QIP pays quarterly cash awards tied to year-to-date adjusted EBITDA goals.

• February 23, 2023, 6:59 PM ET earnings materiality 0.70 neutral item 2.02item 9.01 ◈ Earnings Releases ×2

  Cumulus Media reports 2022 revenue up 4% to $953.5M, Adjusted EBITDA up 23% to $166.0M

  Full-year net revenue $953.5M (+4% YoY); digital revenue $142M+ (+12%).

• February 23, 2023, 6:59 PM ET other material materiality 0.20 neutral item 7.01item 9.01

  Cumulus Media posts FY2022 investor presentation; no specific financial data available in filing excerpt.

  Presentation covers FY2022 results but full content not provided in the filing excerpt.

• October 28, 2022, 7:59 PM ET earnings materiality 0.55 neutral item 2.02item 9.01 ◈ Earnings Releases ×2

  Cumulus Media Q3 revenue down 1.8% to $233.5M; net income $8.5M vs $27.4M (prior year included $20.8M land sale gain)

  Revenue $233.5M (-1.8% YoY); net income $8.5M (down 68.9%, but prior year had $20.8M land sale gain).

• October 28, 2022, 7:59 PM ET other material materiality 0.20 neutral item 7.01item 9.01

  Cumulus Media posts Q3 2022 investor presentation; no specific data in filing

  Filed under Item 7.01 as an investor presentation furnished as Exhibit 99.1.

• August 22, 2022, 7:59 PM ET leadership materiality 0.20 neutral item 5.02item 7.01item 9.01 ◈ executive_change

  Cumulus Media appoints Deborah Farrington to Board of Directors

  Deborah Farrington, Co-Founder and Managing Partner of StarVest Partners, appointed effective August 19, 2022.

• August 3, 2022, 7:59 PM ET earnings materiality 0.75 positive item 2.02item 9.01

  Cumulus Media Q2 revenue up 5.4% to $236.7M; net income $8.7M vs loss $5.9M YoY

  Digital revenue grew 20% YoY, led by podcasting (+27%) and digital marketing (+22%).

• August 3, 2022, 7:59 PM ET earnings materiality 0.30 neutral item 7.01item 9.01

  Cumulus Media posts Q2 2022 earnings update; no financial details in excerpt

  Investor presentation for Q2 2022 posted on August 3, 2022.

• June 8, 2022, 7:59 PM ET debt materiality 0.55 neutral item 1.01item 2.03item 9.01

  Cumulus Media extends $100M revolving credit facility to June 2027, switches to SOFR

  Fifth Amendment extends maturity of $100M revolver to June 3, 2027.

Executive changes

Earnings & guidance

Materiality & sentiment trend

Max materiality 1.00 · Median 0.70 · Most common event earnings

2 positive 19 negative 29 neutral

source · CMLS on sec.gov