-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UP0lhCebvp+fPQOO7ovI3bVMmm8rMlmaveub2eHJNfqWsb1eYBbhRt5TmWX7GBOS FJLJNAvdZtrTxH9F4F/0iA== 0000950152-05-006303.txt : 20050728 0000950152-05-006303.hdr.sgml : 20050728 20050728165847 ACCESSION NUMBER: 0000950152-05-006303 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050727 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050728 DATE AS OF CHANGE: 20050728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REGENT COMMUNICATIONS INC CENTRAL INDEX KEY: 0000913015 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 311492857 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29079 FILM NUMBER: 05981846 BUSINESS ADDRESS: STREET 1: 100 EAST RIVERCENTER BOULEVARD STREET 2: 9TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41011 BUSINESS PHONE: 6062920030 MAIL ADDRESS: STREET 1: 100 EAST RIVERCENTER BLVD STREET 2: 9TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41011 8-K 1 l15288ae8vk.htm REGENT COMMUNICATIONS, INC. 8-K REGENT COMMUNICATIONS, INC. 8-K
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) July 27, 2005
REGENT COMMUNICATIONS, INC.
 
(Exact Name of Registrant as Specified in Its Charter)
Delaware
 
(State or Other Jurisdiction of Incorporation)
     
0-15392   31-1492857
 
(Commission File Number)   (IRS Employer Identification No.)
2000 Fifth Third Center, 511 Walnut Street, Cincinnati, Ohio 45202
 
(Address of Principal Executive Offices) (Zip Code)
(513) 651-1190
 
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
 
(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 (see General Instruction A.2. below):
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))
 
 

 


 

Section 5     Corporate Governance and Management
Item 5.02(b) and (c) – Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
(b) On July 27, 2005, Terry S. Jacobs informed the Board of Directors of Regent Communications, Inc. (“Regent”) of his intent to retire as Regent’s Chairman of the Board and Chief Executive Officer effective September 1, 2005. Mr. Jacobs will remain with the Company in the position of Vice-Chairman of the Board of Directors.
(c) On July 27, 2005, Regent announced that its Board of Directors has selected William P. Sutter, Jr. as the new Chairman of the Board and William L. Stakelin as Regent’s new Chief Executive Officer and President. Messrs. Sutter and Stakelin will assume these new positions effective upon Mr. Jacobs’ retirement. Mr. Sutter has served on Regent’s Board of Directors since 1999. Mr. Stakelin has served as Regent’s President and Chief Operating Officer since its inception in 1996. Mr. Stakelin will continue to serve as a director of Regent.
     On July 27, 2005, Regent’s Board of Directors also promoted Anthony A. Vasconcellos to Executive Vice President and Chief Financial Officer. Mr. Vasconcellos has served as Senior Vice President and Chief Financial Officer since 2000, and previously as Vice President and Chief Financial Officer since 1998.
     Regent issued the press release attached hereto as Exhibit 99(a) on July 27, 2005 announcing the executive management and Board of Directors changes described above.
Item 5.03(a) – Amendments to Articles of Incorporation or Bylaws
     (a) On July 27, 2005, Regent’s Board of Directors amended Article IV. Section 3(a) of Regent’s Amended and Restated Bylaws to eliminate the requirement that the Chairman of the Board would be the Company’s Chief Executive Officer. As amended, the bylaws now permit the Board of Directors to select any of its members, whether or not employed by Regent, to serve as Chairman of the Board.
Item 9.01 Financial Statements and Exhibits
     (c) Exhibits
     
Exhibit   Description
99(a)
  Press release dated July 27, 2005

2


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, Regent Communications, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: July 28, 2005   REGENT COMMUNICATIONS, INC.
 
 
  By:   /s/ ANTHONY A. VASCONCELLOS    
       
    Anthony A. Vasconcellos, Executive Vice President and Chief Financial Officer   
 

 

3
EX-99.1 2 l15288aexv99w1.htm EX-99.1 PRESS RELEASE DATED JULY 27, 2005 EX-99.1 Press Release Dated July 27, 2005
 

EXHIBIT 99(a)
(REGENT COMMUNICATIONS, INC. LOGO)
For Immediate Release
Regent Communications Announces Retirement of Terry Jacobs as Chairman and CEO
and Appointment as Vice Chairman
William Stakelin Named President & CEO; William Sutter Named Chairman; CFO
Tony Vasconcellos Elevated to Executive Vice President
     Cincinnati, OH July 27, 2005 – Regent Communications, Inc. (Nasdaq: RGCI) announced that Terry Jacobs informed the company’s Board of Directors today of his intention to retire as Chairman and Chief Executive Officer on September 1, 2005. Mr. Jacobs, a 26 year radio industry veteran, has served as Chairman and CEO since the company’s founding in 1996. Mr. Jacobs will remain with the company in the position of Vice-Chairman of the Board of Directors.
     William Stakelin, Regent’s President and Chief Operating Officer, will be succeeding Mr. Jacobs as President and CEO. The role of Chairman will be filled by William Sutter, who has been a member of the company’s Board of Directors since 1999. Additionally, Regent’s Senior Vice President and Chief Financial Officer, Tony Vasconcellos, has been promoted to Executive Vice President and CFO.
     Mr. Jacobs commented, “It is with mixed emotions that I announce my retirement as Regent’s Chairman and CEO, a company I founded with Bill Stakelin. I have been in the radio business for most of my career and working each day with Regent’s fantastic professionals has been one of the most rewarding experiences of my life. However, I have been looking forward to working more closely with my sons in our real-estate business. I will continue to play an active role with Regent as Vice-Chairman, and will remain a significant shareholder. I have the utmost confidence in Bill to lead this company going forward.”
     William Stakelin commented, “I speak for everyone at Regent in thanking Terry for his dedication, guidance and years of red-eyes, late nights and early mornings. Nobody has given more to this company than Terry and he will be missed. This is a very exciting time for Regent. We are financially strong, have proven we can consistently outperform the industry and are leaders in serving the vibrant middle and small-sized markets in which we operate. I look forward to building on the foundation that Terry has laid for long-term growth and value creation.”
Continued . . .

 


 

Page 2
     William Sutter commented, “On behalf of the Board of Directors I would like to thank Terry for his years of service to the shareholders of Regent. Bill and Tony have done an excellent job in managing the day-to-day operations and financial management of the company. Their industry leadership, operational focus and track record for delivering results will be cornerstones for our growth for years to come.”
     Mr. Jacobs, age 62, has been Chairman of the Board, Chief Executive Officer, Treasurer and a director of Regent since its incorporation in November 1996. Mr. Jacobs served as President and Chief Executive Officer of a privately held radio broadcast company, which he co-founded in 1993 under the name “Regent Communications, Inc.” (“Regent I”) and which acquired and operated 23 radio stations until its merger into Jacor Communications, Inc. in February 1997. Prior to 1993, Mr. Jacobs was Chairman and Chief Executive Officer of Jacor Communications, Inc., a radio broadcast company which he founded in 1979 and which, during his tenure, grew to become the ninth largest radio company in the U.S. in terms of revenue. Mr. Jacobs currently serves as a director of American Financial Group, Inc., Capital Title Group, Inc. and Global Entertainment Group, Inc., all three of which are publicly traded companies.
     Regent Communications is a radio broadcasting company focused on acquiring, developing and operating radio stations in middle and small-sized markets. Regent owns and operates 74 stations located in 15 markets. Regent Communications, Inc. shares are traded on the Nasdaq under the symbol “RGCI.”
     
Contacts:
   
 
   
Investors and Analysts
  Press
Tony Vasconcellos
  Kim Holt/Michelle Radvansky
Executive Vice President and CFO
  Brainerd Communicators, Inc
Regent Communications, Inc.
  212-986-6667
859-292-0030
   
 
   
John Buckley/Jonathan Lesko
   
Brainerd Communicators, Inc.
   
212-986-6667
   
###

 

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-----END PRIVACY-ENHANCED MESSAGE-----