Audacy Inks EVP/COO Susan Larkin to New Agreement

RADIO ONLINE | Wednesday, May 31, 2023 | 4:22pm CT

Susan Larkin

During its annual meeting of shareholders, Audacy's board of directors renewed one executive's contract while a board member has left the company. Executive VP/COO Susan Larkin has signed a new deal keeping with Audacy through at least May 4, 2026, with automatic one-year extensions thereafter unless either party cancels with prior notice. Larkin will make a base salary of $775,000 in the first year, $800,000 in the second year and $825,000 in the third year, plus performance bonuses.

Additionally, Monique Nelson has exited the board, citing time constraints. As a result of Ms. Nelson's resignation, the board has reduced the number of directors from nine to eight members, and Sean R. Creamer is appointed as a Class A director succeeding Nelson.

Also, at the annual meeting of shareholders, the voters approved the plan for a reverse stock split (between one-for-two and one-for-thirty) to regain compliance with NYSE listing requirements, and David Field, Joe Field and David J. Berkman were elected to three-year terms on the board.