Urban One Announces New Contract with CFO Peter Thompson
Urban One inks a new deal with EVP and chief financial officer Peter D. Thompson that will pay him an annual base salary of $750,000 plus his eligibility for an annual bonus. Thompson also receives a signing bonus of $333,333 subject to a pro-rata claw-
back if he leaves before the end of the term of the agreement. For each complete calendar year of the term of the deal, Thompson is eligible to receive an annual performance bonus of up to $300,000 with the opportunity to earn up to 132% of the target bonus for superior performance. Also, provided that the material weaknesses identified in the company’s Form 10-K for the period ended December 31, 2025, are remediated, at the end of the term of the Agreement, Thompson is eligible to receive bonus compensation in the amount of $850,000. He is also eligible to receive certain stock-based compensation.
position to chief financial officer for iHeartMedia, effective January 1, 2026. At that time his salary will rise from $925,000 to $1.2 million and his bonus target increases to 150% of his base salary and his annual long-term incentive grant will have a target grant date fair value of $1.5 million. McGuinness’ employment contract runs through June 30 of 2030. McGuinness reports to former chief financial officer and current president and chief operating officer Rich Bressler.
matter relating to its operations, policies, or practices.” Company CEO Caroline Beasley will serve as principal financial officer on an interim basis. At the same time, the company announces the promotion of Shaun Greening to chief accounting officer. Greening joined Beasley in 2000 and has been serving as vice president of financial reporting. Greening joins John Coury, who was recently promoted to corporate controller and director of treasury. Caroline Beasley states, “Shaun brings extensive experience, deep institutional knowledge, and a proven track record of success to his role. Together with John, their leadership will be instrumental in supporting our continued growth and long-term success.”
FP&A since 2020 and has been interim CFO for the past six months. CMG president and CEO Dan York states, “Brad brings a unique skillset and perspective to the role of CFO. He’s committed to maximizing company performance and efficiency and has been invaluable in helping CMG win in our local markets today while positioning us to continue to do so in the future. This is a well-earned promotion for Brad that also reflects the strength and depth of CMG’s talented team.”