SEC Filing Summary: CC Media Holdings, Inc. (iHeartMedia)
Business Context and Reporting Period
This Form 8-K reports the results of the Annual Meeting of Stockholders held by CC Media Holdings, Inc. (now iHeartMedia, Inc.) on May 17, 2013. The filing details the voting outcomes for director elections and the ratification of the independent auditor.
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margin, debt, or liquidity figures. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Two proposals were submitted to stockholders:
- Proposal 1: Election of Directors. All twelve nominees were elected. Class A and Class B stockholders voted together for ten directors, while Class A stockholders voted separately for two directors (David C. Abrams and Jonathon S. Jacobson). Total votes cast for directors ranged from approximately 21.7 million to 80.0 million depending on the nominee and class structure.
- Proposal 2: Ratification of Auditor. Stockholders ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2013. The proposal received 83,278,893 votes for, 41,885 votes against, and 8,433 abstentions.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, risk factors, or contingencies.
Investor Verification Checklist
- Confirm the tenure of the newly elected Board of Directors until the next annual meeting.
- Verify the engagement of Ernst & Young LLP for the 2013 fiscal year audit.
- Review the full proxy statement filed on March 26, 2013, for detailed biographical information on the elected directors.