UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-A
FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR (g) OF
THE SECURITIES EXCHANGE ACT OF 1934
CUMULUS MEDIA INC.
(Exact name of registrant as specified in charter)
Delaware | 001-38108 | 82-5134717 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
3280 Peachtree Road, N.W., Suite 2200, Atlanta GA | 30305 | |||
(Address of Principal Executive Offices) | (Zip Code) |
If this form relates to the registration of a class of securities pursuant to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A.(c), check the following box. ☒
If this form relates to the registration of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A.(d) or (e), check the following box. ☐
Securities to be registered pursuant to Section 12(b) of the Exchange Act:
Title of Each Class to be so Registered |
Name of Each Exchange on Which Each Class is to be Registered | |
Class A Common Stock Purchase Rights | Nasdaq Global Market |
Securities to be registered pursuant to Section 12(g) of the Act:
None
Item 1. | Description of The Registrants Securities to be Registered. |
On May 20, 2020, the Board of Directors (the Board) of Cumulus Media Inc. (the Company), a Delaware corporation, adopted a rights plan and declared a dividend of (a) one Class A right (a Class A Right) in respect of each share of the Companys Class A common stock, par value $0.0000001 per share (the Class A Common Shares), (b) one Class B right (a Class B Right) in respect of each share of the Companys Class B common stock, par value $0.0000001 per share (the Class B Common Shares), (c) one Series 1 warrant right (a Series 1 Warrant Right) in respect of each of the Companys Series 1 warrants (the Series 1 Warrants), and (d) one Series 2 warrant right (a Series 2 Warrant Right, and together with the Class A Rights, the Class B Rights and the Series 1 Warrant Rights, the Rights) in respect of each of the Companys Series 2 warrants (the Series 2 Warrants, and together with the Series 1 Warrants, the Warrants). The Warrants were issued pursuant to the First Amended Joint Plan of Reorganization of the Company and certain of its affiliates, as confirmed on May 10, 2018, by order of the United States Bankruptcy Court for the Southern District of New York, and the Warrants entitle the holders thereof to purchase Class A Common Shares or Class B Common Shares upon the terms and subject to the conditions set forth in the Warrant Agreement, dated June 24, 2018, among the Company, Computershare Inc. and Computershare Trust Company, N.A.
The dividend is payable on June 1, 2020 to the Companys stockholders and Warrant holders of record on that date. The terms of the Rights and the rights plan are set forth in a Rights Agreement, dated as of May 21, 2020 (the Rights Agreement), by and between the Company and Computershare Trust Company, N.A., as rights agent (or any successor rights agent), as it may be amended from time to time.
If the Rights become exercisable, (a) each Class A Right would allow its holder to purchase from the Company one one-hundredth of a Class A Common Share for a purchase price of $25.00, (b) each Class B Right would allow its holder to purchase from the Company one one-hundredth of a Class B Common Share for a purchase price of $25.00, (c) each Series 1 Warrant Right would allow its holder to purchase from the Company one one-hundredth of a Series 1 Warrant for a purchase price of $25.00, and (d) each Series 2 Warrant would allow its holder to purchase from the Company one one-hundredth of a Series 2 Warrant for a purchase price of $25.00. Prior to exercise, a Right does not give its holder any dividend, voting or liquidation rights.
The Rights are in all respects subject to and governed by the provisions of the Rights Agreement, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference. The description of the Rights is incorporated herein by reference to the description set forth under Items 1.01 and 3.03 of the Companys Current Report on Form 8-K filed with the Securities and Exchange Commission (the SEC) on May 21, 2020 and is qualified in its entirety by reference to the full text of the Rights Agreement.
Item 2. | Exhibits. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned hereunto duly authorized.
CUMULUS MEDIA INC. | ||||
By: | /s/ Francisco J. Lopez-Balboa | |||
Name: |
Francisco J. Lopez-Balboa | |||
Title: | Executive Vice President, Chief Financial Officer |
Date: May 21, 2020