Mediaco Holding Inc. Reports Board and Officer Changes
Ticker: MDIA · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1784254
| Field | Detail |
|---|---|
| Company | Mediaco Holding Inc. (MDIA) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $450,000, $225,000, $75,000, $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, executive-compensation
TL;DR
Mediaco Holding Inc. shakes up leadership, new directors elected, exec comp adjusted.
AI Summary
Mediaco Holding Inc. announced on September 25, 2024, changes in its board of directors and executive officers. The company filed an 8-K report detailing the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. These changes are effective as of September 25, 2024.
Why It Matters
Changes in a company's leadership and board can signal shifts in strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and board composition can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Mediaco Holding Inc. (company) — Registrant
- September 25, 2024 (date) — Date of Report
FAQ
What specific roles have been affected by the changes in directors or officers?
The filing indicates the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for certain officers, but does not specify the exact roles affected in this summary.
When were these changes officially reported?
The Form 8-K was filed on September 27, 2024, reporting events as of September 25, 2024.
What is Mediaco Holding Inc.'s primary business?
Mediaco Holding Inc. is primarily involved in Radio Broadcasting Stations, as indicated by its SIC code.
Where is Mediaco Holding Inc. headquartered?
Mediaco Holding Inc.'s principal executive offices are located at 395 Hudson St, Floor 7, New York, New York 10014.
What is the Commission File Number for Mediaco Holding Inc.'s 8-K filing?
The Commission File Number for this 8-K filing is 001-39029.
Filing Stats: 843 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2024-09-27 08:00:50
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 per share MDIA Nasdaq Capital Marke
- $450,000 — compensation: a base annual salary of $450,000; annual cash incentive compensation in
- $225,000 — tive compensation in a target amount of $225,000, with achievement determined based on t
- $75,000 — ny; a one-time, non-recurring bonus of $75,000, payable in the first quarter of 2025;
- $1,000,000 — equity incentive plan, with a value of $1,000,000, of which 50% shall vest ratably over a
Filing Documents
- a8k.htm (8-K) — 30KB
- 0000929638-24-003274.txt ( ) — 166KB
- mdia-20240925.xsd (EX-101.SCH) — 4KB
- mdia-20240925_lab.xml (EX-101.LAB) — 22KB
- mdia-20240925_pre.xml (EX-101.PRE) — 16KB
- a8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 25, 2024, Ann C. Beemish, the Chief Financial Officer of MediaCo Holding Inc. (the "Company"), resigned as an officer of the Company, effective September 30, 2024. On September 26, 2024, the Board of Directors (the "Board") of the Company appointed Debra DeFelice, age 55, as the Company's Chief Financial Officer and Treasurer. Ms. DeFelice has served as the Company's SVP of Finance & Assistant Treasurer/EVP Radio Finance since April 2021. Prior to joining the Company, Ms. DeFelice served as corporate controller at Artisanal Brewing Ventures. Prior to joining Artisanal Brewing Ventures, Ms. DeFelice served as corporate controller at HEPACO, LLC, an environmental cleanup services company. Prior to joining HEPACO, LLC, Ms. DeFelice served as Division Controller/Director of Finance at ATI Specialty Materials, a producer of military-grade titanium, specialty steels and other metals. Ms. DeFelice holds a BS from Binghamton University and an MBA from East Carolina University. Ms. DeFelice is also a Certified Public Accountant ("CPA"). In connection with Ms. DeFelice's appointment, the Company entered into an offer letter with Ms. DeFelice (the "DeFelice Offer Letter") setting forth the terms and conditions of her service as the Company's Chief Financial officer. On September 26, 2024, the Board, based on the recommendation of the Compensation Committee of the Board (the "Committee"), approved the following actions regarding Ms. DeFelice's compensation: a base annual salary of $450,000; annual cash incentive compensation in a target amount of $225,000, with achievement determined based on the discretion of the Company; a one-time, non-recurring bonus of $75,000, payable in the first quarter of 2025; an equity grant, to be made promptly after the approval by the Company's stockholders of a new equity
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 104 Cover Page Interactive Data File (formatted as Inline XBRL).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEDIACO HOLDING INC. Date: September 26, 2024 By: /s/ Jacqueline Hernndez Name: Jacqueline Hernndez Title: Interim Chief Executive Officer Interim President