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
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
See the Exhibit Index below, which is incorporated by reference herein.
Exhibit No. Description
99.1 Press Release regarding the appointment of Ms. Beemish dated November
18, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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