Townsquare Media, Inc. (NYSE:TSQ) 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 March 1, 2018, the Board of Directors (the “Board”) of Townsquare Media, Inc. (the “Company”) increased the size of the Board from seven (7) to eight (8) directors and appointed the Company’s Co-Chief Executive Officers, Dhruv Prasad and Bill Wilson, to fill the two vacancies, one existing vacancy and one vacancy resulting from such increase, effective immediately. Mr. Prasad will be a Class III director on the Company’s classified Board and will be up for re-election at the Company’s 2020 annual shareholders’ meeting. Mr. Wilson will be a Class I director on the Company’s classified Board and will be up for re-election at the Company’s 2018 annual shareholders’ meeting. Neither Mr. Prasad nor Mr. Wilson will receive compensation for their service on the Board.
About Townsquare Media, Inc. (NYSE:TSQ)
Townsquare Media, Inc. is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets. The Company’s Live Events segment consists of a range of live events, which the Company creates, promotes and produces, including music concerts, multi-day music festivals, fairs, consumer expositions and trade shows, athletic events, lifestyle events and other forms of entertainment. The Company reports the remainder of its business in its Other Media and Entertainment category, which principally provides digital marketing solutions, e-commerce solutions and digital advertising services nationally. The Company’s assets include radio stations, live events, and digital, mobile, video and social media properties.