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; Compensatory Arrangements of Certain Officers.
On May 31, 2018, Townsquare Media, Inc. (the “Company”) and Bill Wilson, the Company's Co-Chief Executive Officer, entered into a Restricted Stock Award Agreement (the “Agreement”), to which Mr. Wilson was granted 400,000 shares of restricted Class A common stock of the Company (the “Restricted Shares”) under the Company’s 2014 Omnibus Incentive Plan (the “Plan”). The Agreement incorporates the terms of the Plan and, under the terms of the Agreement, the Restricted Shares vest (i) in equal amounts on each of the first four anniversaries of the grant date, and (ii) in full, in the event of a change in control (as defined in the Plan); provided, in each case, that Mr. Wilson remains a full-time employee of the Company and Mr. Wilson’s employment has not been terminated prior to the applicable vesting date, other than by the Company without cause.
The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. The Plan is filed as Exhibit 10.8 to the Company’s Registration Statement on Form S-1 filed on July 14, 2014 and is incorporated by reference herein.
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Item 9.01 |
Financial Statements and Exhibits. |
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Exhibit Number |
Description |
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Restricted Stock Award Agreement between Townsquare Media, Inc. and Bill Wilson, dated May 31, 2018 |
Townsquare Media, Inc. ExhibitEX-10.1 2 a101tsqbillwilsonrestricte.htm EXHIBIT 10.1 Exhibit RESTRICTED STOCK AWARD AGREEMENTPURSUANT TO THETOWNSQUARE MEDIA,…To view the full exhibit click here
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.
