Management ChangeJun 16, 2026, 05:27 PM
Urban One CFO Peter Thompson's New Agreement Includes $750K Salary
AI Summary
Urban One, Inc. entered into a new employment agreement with CFO Peter D. Thompson, extending his tenure through January 6, 2029. The agreement includes an annual base salary of $750,000, a $333,333 signing bonus, and eligibility for an annual performance bonus up to $300,000, with a maximum of 132% for superior performance. He is also eligible for an $850,000 completion bonus and substantial stock-based compensation. Additionally, the company's 2026 Annual Meeting of Stockholders approved the election of directors, the 2026 Equity and Performance Incentive Plan, and ratified PricewaterhouseCoopers LLP as the independent auditor.
Key Highlights
- CFO Peter D. Thompson signed a new employment agreement through January 6, 2029.
- New agreement includes an annual base salary of $750,000.
- Mr. Thompson will receive a $333,333 signing bonus.
- Eligible for an annual performance bonus up to $300,000, with a maximum of 132%.
- Eligible for an $850,000 completion bonus upon remediation of material weaknesses.
- Stock-based compensation includes Class D common stock and performance grants.
- Stockholders elected Class A and Class B directors at the 2026 Annual Meeting.
- Approved the Urban One, Inc. 2026 Equity and Performance Incentive Plan.
Price Impact
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