Salem Media Group's Executive Chairman Takes Stock Over Cash
Salem Media Group's Stock Compensation Announcement
In a significant development, Salem Media Group, Inc. (OTCQX: SALM) has shared exciting news regarding its Co-Founder and Executive Chairman, Edward G. Atsinger III. Mr. Atsinger has decided to receive his remaining compensation for the year 2025 in the form of Restricted Class A Common Stock rather than cash. This thoughtful decision clearly highlights his unwavering dedication to the long-term prosperity and stability of the company.
Details of the Stock Grant
The stock award includes 218,067 shares, which correspond to the cash compensation amount due for the period from September 21, 2025, to December 31, 2025, totaling approximately $168,500. Notably, this Stock Compensation will vest twelve months from the grant date and will not be subject to any additional vesting restrictions, affirming Mr. Atsinger's strong commitment to the company's future.
Stock Bonus and Vesting Adjustments
Earlier, in January 2025, Mr. Atsinger was awarded a Stock Bonus of 400,000 Restricted Class A Common Stock. This allocation came as part of a Grant Memo dated January 17, 2025. Under normal circumstances, unvested shares in the Company's Stock Incentive Plan are forfeited when an employee departs the company. However, acknowledging Mr. Atsinger's decades of leadership and his invaluable contributions to the organization, the Board has decided to waive the forfeiture provision. This decision allows both his Stock Compensation and Stock Bonus to remain intact even after December 31, 2025.
Ongoing Performance Metrics
Even though the forfeiture provision has been waived, it's important to note that the pre-existing time and performance-based vesting schedule for the Stock Bonus will continue as stipulated. This balance ensures that Mr. Atsinger's interests align with the ongoing success of Salem Media Group, maintaining the standards to which he has always adhered.
About Salem Media Group
Salem Media Group stands out as America’s premier multimedia firm that excels in delivering Christian and conservative content. With a vast national radio network, dynamic digital platforms, and a variety of publishing brands, Salem effectively engages millions of individuals each day. Its impactful content not only informs but also shapes the national discourse, ensuring that pivotal issues are brought to the forefront. Salem Media Group's ability to connect with diverse audiences reinforces its position within the media landscape.
Future Outlook
Looking ahead, Salem Media Group aims to sustain its momentum in delivering quality content while broadening its reach. By capitalizing on its strong foundations and strategic initiatives, the company is well-positioned to navigate the evolving landscape of the media industry. With compelling leadership and a vision for growth, Salem Media Group is committed to enhancing its influence within the industry.
Frequently Asked Questions
What new compensation structure was announced for Edward G. Atsinger III?
Edward G. Atsinger III has chosen to accept his remaining 2025 compensation in the form of Restricted Class A Common Stock instead of cash.
How many shares are included in Mr. Atsinger's stock compensation?
Mr. Atsinger’s stock compensation includes a total of 218,067 shares of Restricted Class A Common Stock.
What is the vesting schedule for this stock compensation?
The stock compensation will vest twelve months from the grant date with no additional vesting restrictions.
What does the Board's decision regarding the stock bonus imply?
The Board has waived the forfeiture provision, allowing Mr. Atsinger's stock bonuses to remain in effect beyond December 31, 2025.
What role does Salem Media Group play in the media landscape?
Salem Media Group is a leading multimedia company specializing in Christian and conservative content, reaching millions daily through various platforms.
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