CLEAR CHANNEL OUTDOOR HOLDINGS, INC. (NYSE:CCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On February28, 2018, Clear Channel Outdoor Holdings, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Current Report”) to disclose the approval of bonus payments for the Company’s named executive officers. The Original Current Report incorrectly stated that the bonus payments were approved by the Compensation Committee of the Board of Directors of the Company. This amendment on Form 8-K/A is being filed solely to correct this error and state that the bonuses were approved by the Compensation Committee of the Board of Directors of iHeartMedia, Inc., the indirect parent of the Company. All references to “Compensation Committee” in the Original Current Report are references to the Compensation Committee of the Board of Directors of iHeartMedia, Inc. This amendment does not otherwise update, modify or amend the Original Current Report.
About CLEAR CHANNEL OUTDOOR HOLDINGS, INC. (NYSE:CCO)
Clear Channel Outdoor Holdings, Inc. is an outdoor advertising company. The Company owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. It operates in two segments: Americas outdoor advertising (Americas) and International outdoor advertising (International). It owns or operates more than 650,000 advertising displays. The Americas segment consists of operations primarily in the United States, Canada and Latin America. The Americas assets consist of traditional and digital billboards, street furniture and transit displays, airport displays, wallscapes and other spectaculars, which the Company owns or operates under lease management agreements. The International segment primarily includes operations in Europe, Asia and Australia. The International assets consist of street furniture and transit displays, billboards, mall displays, Smartbike programs, wallscapes and other spectaculars.