UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective November 12, 2021, we appointed Ann Beemish, age 49, to the position of Executive Vice President and Chief Financial Officer and Treasurer of MediaCo Holding Inc. (the “Company”). Ryan A. Hornaday, formerly the Company’s Executive Vice President, Chief Financial Officer and Treasurer, will retain the title of Executive Vice President. Ms. Beemish has over 26 years of financial and operational experience, and most recently served as the Company’s Senior Vice President of Finance from March 15, 2021 until her appointment as Executive Vice President and Chief Financial Officer and Treasurer. Prior to joining the Company, Ms. Beemish served as the Global Head of People Operations before becoming the Head of Global Administration and Readiness for Knotel, Inc. from 2019 to 2021. She founded, Huppe Beemish LLC, in 2016, a financial and business consulting firm, where her primary client was Ion Media. Prior to the founding of her company, Ann rose through the ranks serving a broad array of finance roles during her 17 years at Granite Broadcasting Corporation reaching Senior Vice President of Operational Finance and Corporate Development. Ann started her career as an investment banking analyst at Donaldson, Lufkin and Jenrette followed by Merrill Lynch. Ms. Beemish is a graduate of St. John’s University and received her MBA from New York University’s Stern School of Business.
Ms. Beemish will receive an annual base salary of $300,000, and an annual performance bonus in an amount to be determined in the discretion of the compensation committee of the board of directors of the Company with a target of 50% of her base salary. On March 31, 2021, Ms. Beemish received a grant of 84,696 restricted shares of our Class A common stock, with such shares scheduled to vest in three equal installments on each anniversary of her hire date (March 15, 2021). Ms. Beemish also retains the right to participate in all of employee benefit plans for which she is otherwise eligible. The Company expects to memorialize in a formal employment agreement these terms, as well as any others that may be agreed upon between the Company and Ms. Beemish
Item 7.01. Regulation FD Disclosure.
On November 18, 2021, the Company issued the press release attached hereto as Exhibit 99.1 announcing the appointment of Ms. Beemish as the Company’s Chief Financial Officer
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Financial Statements and Exhibits. |
(d) Exhibits.
See the Exhibit Index below, which is incorporated by reference herein.
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Exhibit No. |
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Description |
99.1 |
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Press Release regarding the appointment of Ms. Beemish dated November 18, 2021. |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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, thereunto duly authorized.
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MEDIACO HOLDING INC. |
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Date: November 18, 2021 |
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By: |
/s/ J. Scott Enright |
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J. Scott Enright, Executive Vice President, |
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General Counsel and Secretary |
EXHIBIT 99.1
MEDIACO APPOINTS ANN BEEMISH
AS CHIEF FINANCIAL OFFICER
Ann C. Beemish Joins Executive Leadership Team to Continue MediaCo’s Growth and Expansion as a National Media Company and a Voice of Black Culture
New York, NY -- Thursday, November 18, 2021 - MediaCo Holding Inc. (NASDAQ: MDIA), owner of HOT 97, WBLS, and Fairway Outdoor, announced today the appointment of Ann C. Beemish to the role of Executive Vice President and Chief Financial Officer, effective immediately. Ms. Beemish is promoted to the role having previously served as MediaCo’s Senior Vice President of Finance, leading the company’s Finance and Human Resources departments.
Responsible for the financial operations and growth of MediaCo Holding and its portfolio of brands, including HOT 97, WBLS and Fairway Outdoor, Ms. Beemish will report to the company’s Chief Executive Officer, Rahsan-Rahsan Lindsay. Her appointment adds to the executive leadership team announced by MediaCo in June 2021, and will drive the company forward in the expansion of its service to Black culture and the hip hop community across the nation.
“We’re pleased to have Ann expand MediaCo’s senior management team as Chief Financial Officer,” said Rahsan-Rahsan Lindsay, MediaCo’s Chief Executive Officer. “Ann is a dynamic and strategic leader with a depth of experience and expertise, who also cares deeply about her team. These traits make her an invaluable asset as we forge ahead, leveraging our world renowned brands, driving growth, establishing new revenue streams, expanding our mission, and serving our community.”
“I'm thrilled to be a part of MediaCo’s executive leadership team,” said Ann C. Beemish, MediaCo’s newly appointed Chief Financial Officer. “I look forward to my continued collaboration with this seasoned group of industry leaders to further the growth of the Company’s marquee brand offerings. I believe MediaCo is in a great position to provide innovative access to highly sought after, fast-growing audiences.”
Prior to joining MediaCo, Ms. Beemish served as Knotel’s Head of Global Administration and Readiness and Head of Global People Operations. She founded consultancy Huppe Beemish LLC in 2016, and served as Senior Vice President of Operational Finance and Corporate Development at Granite Broadcasting. Beemish has a proven track record of driving strategic growth through specializations in investor relations, structuring
partnerships and acquisitions, raising capital, and optimizing organizational structures.
Ms. Beemish began her career as an Investment Banker at Donaldson, Lufkin & Jenrette and Merrill Lynch. She holds an MBA from New York University’s Leonard N. Stern School of Business and a bachelor’s degree from Saint John’s University.
#MEDIACO #HOT97 #WBLS
###
About HOT 97: HOT 97 (WQHT 97.1FM) is the world’s first all Hip-Hop station and has held the dominant position in New York for over twenty years. HOT 97 is best known for its celebrity on air talent, such as Ebro Darden, Funk Flex, and Nessa, as well as being the world’s premier source for Hip Hop music culture, both on air and online at HOT97.com and its mobile app. Follow us on facebook.com/HOT97official, twitter.com/HOT97, instagram.com/HOT97, and youtube.com/HOT97.
About WBLS: (WBLS 107.5FM) WBLS is the #1 source for R&B music and contemporary Black culture. Known as the world's best-looking sound, this timeless brand has led the conversation in the Black community as the go-to source for news, lifestyle, advice, and Gospel since 1972. The station’s roster of world-renowned personalities include Steve Harvey, Shaila, Deja Vu, and Lenny Green, as well as legendary DJs Red Alert, Scratch, and Chuck Chillout, who bridge the gap across generations and around the world!
About MediaCo: MediaCo Holding Inc. (“MediaCo”) is a publicly listed multimedia company (NASDAQ: MDIA) that serves communities throughout the country. MediaCo owns and operates two of the top urban radio stations in New York City, HOT 97 and WBLS, as well as Fairway Outdoor, an out-of-home advertising business with over 3,500 faces throughout the Southeastern U.S. The company primarily generates revenue from advertising sales and events.
Contact: For more information on MediaCo or to inquire about press opportunities, please contact press@hot97.com.
Assets: Headshots and executive bios are available here.
MediaCo Holding Inc.
395 Hudson Street, 7th Floor | New York, NY 10014 | 212-229-9797
Cover Page |
Nov. 12, 2021 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Nov. 12, 2021 |
Entity Registrant Name | MEDIACO HOLDING INC. |
Entity Central Index Key | 0001784254 |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity File Number | 001-39029 |
Entity Incorporation, State or Country Code | IN |
Entity Tax Identification Number | 84-2427771 |
Entity Address, Address Line One | 395 Hudson Street |
Entity Address, Address Line Two | Floor 7 |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10014 |
City Area Code | 212 |
Local Phone Number | 229-9797 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Class A common stock, $0.01 par value |
Trading Symbol | MDIA |
Security Exchange Name | NASDAQ |
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