Urban One CFO gets $850K bonus tied to fixing material weaknesses in internal controls

Filed June 16, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• high

  CFO Peter Thompson's new contract through Jan 2029 includes an $850,000 completion bonus contingent on remediating material weaknesses disclosed in the 2025 10-K, directly tying executive pay to fixing internal control deficiencies.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Thompson receives $750,000 annual base salary, $333,333 signing bonus (clawed back if he leaves early), and annual performance bonus up to $396,000 tied to achieving budget targets.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Shareholders approved the 2026 Equity and Performance Incentive Plan with 98.7% support (3,083,564 for vs 41,890 against), governing future stock-based compensation.

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →