Urban One Appoints New COO, Elects Directors

TL;DR

Urban One just promoted Michelle Rice to COO and added two new board members.

AI Summary

Urban One, Inc. announced on April 3, 2024, the appointment of Michelle Rice as Chief Operating Officer (COO) and the election of two new directors, Michael J. Collins and Michael J. Williams, to its Board of Directors. The company also disclosed compensatory arrangements for certain officers.

Why It Matters

Changes in key executive and board positions can signal shifts in company strategy and governance, potentially impacting future performance and investor confidence.

Risk Assessment

Risk Level: medium — Changes in executive and board leadership can introduce uncertainty regarding future strategy and operational execution.

Key Players & Entities

• Urban One, Inc. (company) — Registrant
• Michelle Rice (person) — Appointed Chief Operating Officer
• Michael J. Collins (person) — Elected Director
• Michael J. Williams (person) — Elected Director
• April 3, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• uone-20240403x8k.htm (8-K) — 36KB
• uone-20240403xex99d1.htm (EX-99.1) — 202KB
• uone-20240403x8k001.jpg (GRAPHIC) — 5KB
• uone-20240403xex99d1001.jpg (GRAPHIC) — 5KB
• 0001558370-24-004883.txt ( ) — 531KB
• uone-20240403.xsd (EX-101.SCH) — 4KB
• uone-20240403_def.xml (EX-101.DEF) — 14KB
• uone-20240403_lab.xml (EX-101.LAB) — 3KB
• uone-20240403_pre.xml (EX-101.PRE) — 14KB
• uone-20240403x8k_htm.xml (XML) — 7KB

Forward Looking Statements

Forward Looking Statements The Company cautions that certain of the statements in this Form 8-K or in its press release may represent "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Any or all forward-looking statements may turn out to be wrong. Forward looking statements are based on assumptions believed by the Company to be reasonable and speak only as of the date on which such statements are made. Without limiting the generality of the foregoing, words such as "expect," "believe," "anticipate," "intend," "plan," "project," "will" or "estimate," or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date and cautions investors not to place undue reliance on any such forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the statements based on a number of factors, including but not limited to the following: adverse effects which may arise in connection with the material weakness in our internal control over financial reporting or our failure to promptly remediate it; the extent of the impact of the slowing economy, the extent of the impact of any global pandemic or any other epidemic, disease outbreak, or public health emergency, the cost and availability of capital or credit facility borrowings; the ability to obtain equity financing; general market conditions; the adequacy of cash flows or available debt resources to fund operations; and other risk factors described from time to time in the Company's Form 10-K, Form 10-Q, and Form 8-K reports (including all amendments to those reports).

01. Financial Statements and Exhibits

ITEM 9.01. Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description 99.1 Employment Agreement: Alfred C. Liggins, III SIGNATURE 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 thereunto duly authorized. URBAN ONE, INC. /s/ Peter D. Thompson April 09, 2024 Peter D. Thompson Chief Financial Officer and Principal Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR