CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (NASDAQ:CETV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k

6 years ago

CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (NASDAQ:CETV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b)Paul Cappuccio and Douglas Shapiro has each notified Central European Media Enterprises Ltd. (the “Company”) that he resigned from the Board of Directors of the Company, effective December 4, 2018.

(d)On December 4, 2018, the Board of Directors of the Company appointed Mr. Trey Turner to the Board. Mr. Turner was appointed to the right of Warner Media, LLC (as successor to Time Warner Inc.) to designate one less than the majority of the number of directors on the Company's Board of Directors under the terms of the Framework Agreement dated February 28, 2014 among the Company, Warner Media, LLC and Time Warner Media Holdings B.V. which was filed with the Securities and Exchange Commission as Exhibit 99.1 to the Company’s Registration Statement on Form S-3 on February 28, 2014.

About CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. (NASDAQ:CETV)
Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It has broadcast operations in over six countries in Central and Eastern Europe, broadcasting a total of approximately 40 television channels. The Company enters into agreements with advertisers, advertising agencies and sponsors to place advertising on the television channels that the Company operates. The Company collects fees from cable and direct-to-home (DTH) operators for carriage of its channels. The programming that it provides consists of locally-produced news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming.