0001058623-17-000006.txt : 20170130 0001058623-17-000006.hdr.sgml : 20170130 20170130163552 ACCESSION NUMBER: 0001058623-17-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170130 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20170130 DATE AS OF CHANGE: 20170130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CUMULUS MEDIA INC CENTRAL INDEX KEY: 0001058623 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 364159663 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24525 FILM NUMBER: 17557906 BUSINESS ADDRESS: STREET 1: 3280 PEACHTREE ROAD N.W. STREET 2: SUITE 2300 CITY: ATLANTA STATE: GA ZIP: 30305 BUSINESS PHONE: 4049490700 MAIL ADDRESS: STREET 1: 3280 PEACHTREE ROAD N.W. STREET 2: SUITE 2300 CITY: ATLANTA STATE: GA ZIP: 30305 8-K 1 cmlsexchangeoffer8-k.htm 8-K Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
____________________________ 
FORM 8-K
 
____________________________ 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): January 26, 2017
 
______________________________ 
CUMULUS MEDIA INC.
 
(Exact name of registrant as specified in its charter)
 
______________________________ 
 
 
 
 
 
 
Delaware
  
000-24525
  
36-4159663
(State or other jurisdiction
of incorporation)
  
(Commission
File Number)
  
(IRS employer
Identification No.)
 
 
3280 Peachtree Road, N.W., Suite 2300, Atlanta GA
  
30305
(Address of principal executive offices)
  
(Zip Code)
Registrant’s telephone number, including area code (404) 949-0700
n/a
 
(Former name or former address, if changed since last report)
  
 _________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 5.07 - Submission of Matters to a Vote of Security Holders
On January 26, 2017, at a special meeting of the stockholders of Cumulus Media Inc. (the “Company”), the stockholders (i) approved, in accordance with NASDAQ Rules 5635(b) and 5635(d), the issuance of additional shares of the Company’s Class A common stock (“Class A common stock”) in connection with the previously announced private exchange offer for the Company’s outstanding 7.75% Senior Notes due 2019 (the “Equity Issuance”) and (ii) approved and adopted an amendment and restatement of the Company’s Third Amended and Restated Certificate of Incorporation, as amended (the “Fourth A&R Certificate of Incorporation”), which authorizes the issuance of up to 100 shares of each of two new classes of common stock, Class D common stock, $.01 par value per share (“Class D common stock”), and Class E common stock, $.01 par value per share (“Class E common stock”).
As previously disclosed, the Company has agreed to issue the Class D common stock and Class E common stock in connection with the closing of its ongoing private exchange offer. The Fourth A&R Certificate of Incorporation will become effective upon the filing thereof with the Secretary of State of the State of Delaware following the closing of such private exchange offer, if at all, at which point the Company will be authorized to issue the Class D common stock and Class E common stock. The exact timing of the filing will be determined by the Board based on its evaluation as to when the filing would be the most advantageous to the Company and its stockholders. The Board reserves the right to elect to abandon the Fourth A&R Certificate of Incorporation notwithstanding stockholder approval of the Fourth A&R Certificate of Incorporation, if the Board determines in its sole discretion that the Fourth A&R Certificate of Incorporation is no longer in the best interests of the Company and its stockholders. If the Board abandons the Fourth A&R Certificate of Incorporation prior to filing it with the Secretary of State of the State of Delaware, no shares of Class D common stock or Class E common stock will be authorized for issuance.
On December 14, 2016, the record date for stockholders entitled to notice of, and to vote at, the special meeting, 29,225,765 shares of Class A common stock and 80,609 shares of the Company’s Class C common stock (“Class C common stock”) were issued and outstanding. The holders of 22,029,006 shares of Class A common stock and 80,609 shares of Class C common stock were present at the special meeting, either in person or represented by proxy, constituting a quorum. Set forth below are the final voting results for each of the proposals:
Proposal 1. Approval of the Equity Issuance.
For
 
Against
 
Abstain
 
Broker Non-Votes
20,882,843
 
1,019,057
 
8,042
 
199,673

Proposal 2. Approval and adoption of the Fourth A&R Certificate of Incorporation.
For
 
Against
 
Abstain
 
Broker Non-Votes
19,901,919
 
1,999,859
 
8,164
 
199,673

Since there were sufficient votes represented at the special meeting to approve the Equity Issuance and to approve and adopt the Fourth A&R Certificate of Incorporation, the proposal to adjourn the special meeting, if necessary, to solicit additional proxies in the event there were not sufficient votes at the time of the special meeting to approve the Equity Issuance or to approve and adopt the Fourth A&R Certificate of Incorporation was moot and therefore not presented or voted on.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
 
 
 
 
 
 
CUMULUS MEDIA INC.
 
 
 
 
 
 
 
 
 
 
By:
/s/ Richard S. Denning
 
 
 
 
 
Name: Richard S. Denning
 
 
 
 
 
Title: Senior Vice President, General Counsel and Secretary
Date: January 30, 2017