CUMULUS MEDIA INC. (NASDAQ:CMLS) 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.
On September 7, 2017, David Tolley, a member of the board of directors (the “Board”) of Cumulus Media Inc. (the “Company”), informed the Company that he was leaving the Board to become the Chief Financial Officer of a privately held global broadband communications company, effective as of such date. The Company wishes to thank Mr. Tolley for his invaluable contributions during his years of dedicated service to the Company.
In connection with his resignation, the Board has appointed Jill Bright, a member of the Board, to the Audit Committee of the Board. The Audit Committee continues to meet all requirements contained in the Listing Rules of the NASDAQ Stock Market LLC.
About CUMULUS MEDIA INC. (NASDAQ:CMLS)
Cumulus Media Inc. (Cumulus) is a radio broadcasting company. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH Country Weekly magazine and live events. Its product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees. Its broadcast advertising includes the sale of commercial advertising time to local, national and network clients. Its digital advertising includes the sale of advertising and promotional opportunities across its Websites and mobile applications. Its across the nation platform generates content distributable through both broadcast and digital platforms. Its categories of advertisers consist of amusement and recreation; banking and mortgage; furniture and home furnishings; arts and entertainment; food and beverage services; healthcare services; automotive dealers; food and beverage stores, and telecommunications.
