On April 4, 2017, Angela Courtin was elected to the board of directors of OUTFRONT Media Inc. (the “Company”) as a Class II director, to serve for the remainder of the full Class II term, or until her resignation or removal. Ms. Courtin will be appointed to serve as a member of the compensation committee of the Company’s board of directors, effective as of June 12, 2017. There is no arrangement or understanding with any person to which Ms. Courtin was appointed as a member of the Company’s board of directors. In accordance with the Company’s compensation policy for non-employee directors as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 21, 2016, Ms. Courtin will receive an annual cash retainer of $70,000 for service on the Company’s board of directors, $10,000 for service on the compensation committee of the Company’s board of directors, and an annual equity grant under the OUTFRONT Media Inc. Amended and Restated Omnibus Stock Incentive Plan in the form of restricted share units valued at $120,000.
In addition to the compensation that Ms. Courtin will receive in connection with her appointment as a member of the Company’s board of directors, the Company has entered into its standard form of indemnification agreement with Ms. Courtin. A form of indemnification agreement was previously filed with the SEC on February 18, 2014 as Exhibit 10.5 to the Company’s Registration Statement on Form S-11 (File No. 333-189643).
About OUTFRONT Media Inc. (NYSE:OUT) OUTFRONT Media Inc., formerly CBS Outdoor Americas Inc., is a provider of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s inventory consists of billboard displays and transit advertising displays. It operates through two segments. The United States segment includes the Company’s operations in the United States. The International segment includes the Company’s operations in Canada and Latin America, including Mexico, Argentina, Brazil, Chile and Uruguay. Along with leasing displays, the Company provides other services to customers, such as pre-campaign category research, consumer insights, creative design support, vinyl production, and post-campaign tracking and analytics. Its locations portfolio includes sites, such as the Bay Bridge in San Francisco, various locations along Sunset Boulevard in Los Angeles, and various sites in and around both Grand Central Station and Times Square in New York.
OUTFRONT Media Inc. (NYSE:OUT) Recent Trading Information OUTFRONT Media Inc. (NYSE:OUT) closed its last trading session up +0.35 at 26.43 with 642,512 shares trading hands.
