iHeartMedia, Inc 8-K, filed Oct 1, 2020
iHeartMedia, Inc. (IHRT)
About this 8-K
iHeartMedia, Inc filed this 8-K on October 1, 2020, reporting on events of September 30, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 30, 2020, the Board of Directors (the “Board”) of iHeartMedia, Inc. (the “Company”) elected Cheryl Mills to the Board, effective October 1, 2020 (the “Effective Date”), for a term ending at the 2022 annual meeting of stockholders of the Company. The Board determined that Ms. Mills qualifies as independent under the rules of The Nasdaq Stock Market, LLC and the Company’s Board of Directors Governance Guidelines and appointed Ms. Mills to the Nominating and Corporate Governance Committee of the Board as of the Effective Date.
Ms. Mills, 55, is Founder and Chief Executive Officer of the BlackIvy Group LLC, a private holding company that grows and builds businesses in Sub-Saharan Africa. Previously, she served as Chief of Staff to former Secretary of State Hillary Clinton and Counselor to the U.S. Department of State from 2009 to 2013. Ms. Mills was with New York University from 2002 to 2009, where she served as Senior Vice President for Administration and Operations, General Counsel and as Secretary of the Board of Trustees. She also served as Senior Vice President for Corporate Policy and Public Programming at Oxygen Media from 1999 to 2001. Prior to joining Oxygen Media, Ms. Mills served as Deputy Counsel to President Clinton and as the White House Associate Counsel. Ms. Mills currently serves on the board of directors of BlackRock, Inc., a financial services company, since 2013 and she previously served on the board of directors of Cendant Corporation (now Avis Budget Group, Inc.), a consumer real estate and travel conglomerate, from 2003 to 2006. Ms. Mills received her B.A. from the University of Virginia and her J.D. from Stanford Law School. Ms. Mills brings to the Board a range of leadership experiences from private equity, government and academia, and through her prior service on the boards of corporations and non-profits, she provides expertise on issues concerning government relations, public policy, corporate administration and corporate governance.
As of the time of her appointment, Ms. Mills will be entitled to the standard compensation paid by the Company to all of its non-employee directors as disclosed in the Company’s proxy statement for its 2020 annual meeting of stockholders.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 1, 2020 | IHEARTMEDIA, INC. | |||||
| By: | /s/ Paul McNicol | |||||
| Name: | Paul McNicol | |||||
| Title: | Executive Vice President and General Counsel | |||||