0001400891FALSE00014008912024-11-012024-11-01

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 28, 2024
 
IHEARTMEDIA, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-38987
 26-0241222
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (I.R.S. Employer
Identification No.)
20880 Stone Oak Parkway
San Antonio, Texas 78258
(Address of principal executive offices) 
Registrant’s telephone number, including area code: (210) 822-2828 
Not Applicable
(Former name or former address, if changed since last report)

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: 
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
☐    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:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.001 per shareIHRTNasdaq Global Select Market
Series A Preferred Stock Purchase RightsIHRTNasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company 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.

On October 28, 2024, iHeartMedia, Inc.’s (the “Company”) subsidiary, iHeart Management Services, Inc. (“iHeart Management”) entered into an amended and restated employment agreement (the “A&R Employment Agreement”) with Jordan R. Fasbender. The A&R Employment Agreement extends Ms. Fasbender’s employment term until September 30, 2026. On October 1, 2026, and each anniversary thereof, the A&R Employment Agreement will automatically renew for successive one year periods unless either iHeart Management or Ms. Fasbender elects not to extend such agreement. The other material changes under the A&R Employment Agreement include: (i) Ms. Fasbender’s title was changed to Executive Vice President, Chief Legal Officer and Corporate Secretary, (ii) her annual base salary was increased to $825,000 (effective October 1, 2024), and will increase to $850,000 on October 1, 2025, (iii) her target bonus was increased to 115% of her annual base salary and (iv) commencing with the Company's 2025 fiscal year, it is expected that the Company will grant to Ms. Fasbender an annual equity award with a target grant-date fair value equal to $1,000,000; provided, that any annual equity award (and the terms and amount of such award) will be subject to approval by the Compensation Committee of the Company’s Board of Directors.







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.
 
 IHEARTMEDIA, INC.
   
Date: November 1, 2024By:/s/ Scott D. Hamilton
  Scott D. Hamilton
  Senior Vice President, Chief Accounting Officer and Assistant Secretary

v3.24.3
Cover
Nov. 01, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Oct. 28, 2024
Entity Registrant Name IHEARTMEDIA, INC.
Entity Central Index Key 0001400891
Amendment Flag false
Entity Incorporation, State or Country Code DE
Entity File Number 001-38987
Entity Tax Identification Number 26-0241222
Entity Address, Address Line One 20880 Stone Oak Parkway
Entity Address, City or Town San Antonio
Entity Address, State or Province TX
Entity Address, Postal Zip Code 78258
City Area Code 210
Local Phone Number 822-2828
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, par value $0.001 per share
Trading Symbol IHRT
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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