CMLSQ · Cumulus Media Inc · Executive Compensation
$0.01
0.00 (-1.43%)
At close · Oct 2
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Based on the Company's filing for relief under Chapter 11 of the Bankruptcy Code which constituted an event of default under certain of the Company's debt documents, as well as the uncertainty surrounding such filings, the Company determined that there is substantial doubt as to the Company's ability to continue as a going concern for a period of 12 months following the date of issuance of this Quarterly Report on Form 10-Q.”View the 10-Q filed Aug 14, 2026
Market Cap
$79,506
Shares
17.67M
Volume · Oct 2
1000
Avg daily vol (3M)
43.81K
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Mary Berner | President and Chief Executive Officer | $5,479,965 |
| Mary G. Berner | President and Chief Executive Officer | $5,479,965 |
| Francisco Lopez-Balboa | Executive Vice President, Chief Financial Officer | $2,985,624 |
| Francisco ("Frank") J. Lopez-Balboa | Executive Vice President, Chief Financial Officer | $2,985,624 |
| Richard S. Denning | Executive Vice President, Secretary and General Counsel | $1,344,600 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Mary Berner | President and Chief Executive Officer | $6,575,437 |
| Mary G. Berner | President and Chief Executive Officer | $6,575,437 |
| Francisco ("Frank") J. Lopez-Balboa | Executive Vice President, Chief Financial Officer | $3,627,022 |
| Francisco Lopez-Balboa | Executive Vice President, Chief Financial Officer | $3,627,022 |
| Richard S. Denning | Executive Vice President, Secretary and General Counsel | $1,552,787 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Executive (unnamed in excerpt) | President and Chief Executive Officer | Appointed | 2026-04-17 |
| New Board of the Reorganized Company | New Board of the Reorganized Company | Appointed | 2026-03-05 |
| existing members of the board of directors of the Company | members of the board of directors of the Company | Resigned | 2026-03-05 |
| Steven M. Galbraith | initial member of the Transaction Committee | Appointed | 2026-03-05 |
| Steven Galbraith | initial member of the Restructuring Committee | Appointed | 2026-03-05 |
| Carol Flaton | independent director and the sole member of the Investigation Committee | Appointed | 2026-03-05 |
| Andrew Hobson | initial member of the Restructuring Committee | Appointed | 2026-03-05 |
| Mary G. Berner | initial member of the Restructuring Committee | Appointed | 2026-03-05 |
| Carol Flaton | initial member of the Restructuring Committee | Appointed | 2026-03-05 |
| Carol Flaton | independent director | Appointed | 2026-03-05 |
| Brian Kushner | directors of the Company | Resigned | 2026-03-05 |
| Elizabeth Abrams | directors of the Company | Appointed | 2026-03-05 |
| David Tolley | directors of the Company | Appointed | 2026-03-05 |
| Thomas Castro | directors of the Company | Resigned | 2026-03-05 |
| Carol Flaton | director | Appointed | 2026-01-15 |
| Joan Hogan Gillman | Board of Directors | Resigned | 2026-01-15 |
| Steven M. Galbraith | director | Appointed | 2025-01-22 |
| Matthew Blank | Board | Resigned | 2025-01-22 |
| Andrew W. Hobson | Director | Appointed | 2023-04-27 |
| Brian G. Kushner | Director | Appointed | 2023-04-27 |
| Joan Hogan Gillman | Director | Appointed | 2023-04-27 |
| Thomas H. Castro | Director | Appointed | 2023-04-27 |
| Deborah A. Farrington | Director | Appointed | 2023-04-27 |
| Matthew C. Blank | Director | Appointed | 2023-04-27 |
| Mary G. Berner | Director | Appointed | 2023-04-27 |