As of November 6, 2026, Cumulus Media Inc has reported 2 leadership change filings to the SEC under Item 5.02 of Form 8-K, from April 17, 2026 to October 16, 2026 (Form 8-K, October 16, 2026).
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Cumulus Media Inc reported changes in 2 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-04-17 to 2026-10-16. Every row below is cited to the filing it comes from, and this page adds each new change as Cumulus Media Inc files it.
Also on the record for Cumulus Media Inc
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| August 14, 2026 | Stake report, Schedule 13G/A, by ZAZOVE ASSOCIATES LLC | 7.9% of the class | 5%+ stakes | Source |
| November 12, 2025 | Stake report, Schedule 13G, by Barclays PLC | 5.23% of the class | 5%+ stakes | Source |
| October 2, 2025 | Stake report, Schedule 13G/A, by Seaport Global Asset Management LLC | 1.8% of the class | 5%+ stakes | Source |
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Keep reading
More on Cumulus Media Inc and the records around it.
Cumulus Media Inc elsewhere on the record
Companies that share a holder
- ZAZOVE ASSOCIATES LLC also filed stake reports on 1 other company: Braemar Hotels & Resorts Inc. (Aug 2026)
- Barclays PLC also filed stake reports on 116 other companies: BIGLARI HOLDINGS INC-B (Nov 2026), CABLE ONE INC (Nov 2026), CALISA ACQUISITION CORP (Nov 2026)
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-10-16 | Reported | not named in the filing | 8-K, 2026-10-16 | ||
| 2026-04-17 | Reported | not named in the filing | 8-K, 2026-04-17 |
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Reported
Board of Directors On the Effective Date, in accordance with the Plan, Andrew W. Hobson, Elizabeth Abrams, Deborah A. Farrington, Carol Flaton, Steven M. Galbraith and David M. Tolley ceased serving on the Company's board of directors, and Mary G. Berner, the Company's President and Chief Executive Officer, and the following directors were appointed to the Company's board of directors (the "New Board"): Heath B. Freeman, Philip A. Hudson, Greg Stuecheli and Scott Manson.
- Heath B. Freeman, age 46, is the Managing Member of Next Gen Radio Enterprises LLC.
- Mr. Freeman is one of the founding members of Alden Global Capital LLC and has been its President since 2014.
- He has been managing and investing in companies with an opportunistic and catalyst-driven approach since 2006 when he joined Smith Management LLC, which was a prior affiliate of Alden Global.
- Prior to joining Smith Management, Mr. Freeman was an investment banker at Peter J. Solomon Company, where he specialized in mergers & acquisitions, restructurings and financings.
- In addition to his investment research and operational responsibilities at Alden Global, within the media platform, Mr. Freeman currently serves as Chairman of Tribune Enterprises LLC, a company that owns and manages media properties such as The Chicago Tribune, South Florida Sun Sentinel and The Hartford Courant and Vice Chairman of MNG Enterprises, Inc., a company that owns and manages media properties such as The Denver Post, San Jose Mercury News, Orange County Register and the Boston Herald.
- Within the sports platform, Mr. Freeman serves as Managing Partner of the Florida Freedom of the PBR (Professional Bull Riders) and Executive Chairman of the AVP, the premier beach volleyball league.
Reported
The A&R Employment Agreements each have an initial term that will continue through December 31, 2026, and contain mirror provisions that provide for automatic extensions of one-year periods thereafter, unless terminated in advance by either party in accordance with the terms of the agreement.
- On April 15, 2026, in connection with the Confirmation Order and effective as of the Confirmation Date, the Company entered into amended and restated employment agreements with Mary G. Berner, the Company's President and Chief Executive Officer, and Francisco ("Frank") J. Lopez-Balboa, the Company's Executive Vice President and Chief Financial Officer (together, the "A&R Employment Agreements").
- The A&R Employment Agreements are substantiality consistent with the employment agreements that the Company previously entered into with Ms. Berner and Mr. Lopez-Balboa, respectively, except as set forth below: Base Salary: Ms. Berner's and Mr. Lopez-Balboa's base salary will be reduced to $1,250,000 and $700,000, respectively.
- Non-CIC Severance Multiple: The severance multiple applicable to Ms. Berner and Mr. Lopez-Balboa in a non-change in control qualifying termination will be modified to 1.75x and 1.0x, respectively.
- CIC Severance Multiple: The severance multiple applicable to Ms. Berner and Mr. Lopez-Balboa in a change in control qualifying termination will be modified to 2.25x and 1.5x, respectively.
- Good Reason: Each of Ms. Berner and Mr. Lopez-Balboa will have the right to resign with Good Reason and receive severance if the New Board does not allocate a grant from the MIP Pool (as defined below) within 90 days of the Effective Date.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.