EVC Entravision Communications Corp

 

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): October 14, 2024

 

 

ENTRAVISION COMMUNICATIONS CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware			001-15997	95-4783236
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
2425 Olympic Boulevard Suite 6000 West
Santa Monica, California				90404
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 310 447-3870

 

(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:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock		EVC		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On October 14, 2024, Entravision Communications Corporation (the “Company”) terminated the employment of Karl Meyer, Chief Revenue Officer, effective immediately. Subject to the execution of a release, Mr. Meyer will be entitled to certain remuneration, rights and benefits associated with a termination of a “Group II executive” without “cause” (as each term is defined in the Company’s Executive Severance and Change in Control Plan, previously filed as an exhibit to the Company’s Current Report on Form 8-K filed on May 17, 2023). Mr. Meyer is not entitled to any severance payments beyond what is set forth in the Company’s Executive Severance and Change in Control Plan.

(c) On October 15, 2024, the Company appointed Juan Navarro as Chief Revenue Officer of the Company, effective immediately. Mr. Navarro, age 61, has more than 20 years of experience in Spanish-language broadcast media. He served as the Company’s Executive Vice President of Integrated Marketing Solutions since January 2024, and prior to that served as the Company’s Regional Vice President of Integrated Marketing Solutions since August 2019. Before that, he served in various roles at Spanish-language media companies, including eight years as an Interactive Sales Manager with the Company. Mr. Navarro earned his Master in Business Administration degree from the Anderson School of Management at the University of California, Los Angeles and a Bachelor of Science degree in Public Affairs from the University of Southern California.

There are no arrangements or understandings between Mr. Navarro and any other person pursuant to which he was appointed, nor are there are any family relationships between Mr. Navarro and any of the Company’s directors or executive officers. Mr. Navarro does not have any material interest in any transactions, relationships or arrangements with the Company that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.

Item 7.01 Regulation FD Disclosure.

On October 16, 2024, the Company issued a press release regarding the events described in Item 5.02. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The information set forth under this Item 7.01 is furnished pursuant to Item 7.01 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any registration document or other document filed by the Company.

Item 9.01 Financial Statements and Exhibits.

99.1	Press release from Entravision Communications Corporation, dated October 16, 2024
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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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.

			Entravision Communications Corporation
Date:	October 16, 2024	By:	/s/ Michael Christenson
			Michael Christenson, Chief Executive Officer

 

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Entravision Strengthens Leadership Team with Key Promotions to Drive Sales Growth and Enhance Operational Efficiency

 

SANTA MONICA, Calif. – October 16, 2024 – Entravision Communications Corporation (NYSE: EVC) (“Entravision” or the “Company”) today announced several key leadership appointments aimed at bolstering its sales growth strategy and operational effectiveness:

Michael Christenson, Entravision’s Chief Executive Officer, said, “I am excited to welcome Juan to his new role as our Chief Revenue Officer. He is a proven leader with a commitment to local television, radio and digital media and a track record of building performance-focused sales teams across all of Entravision’s markets.”

“I am excited to serve as Entravision’s CRO and leverage my experience to help drive the company’s future growth,” said Mr. Navarro. “We have significant opportunities ahead to deliver innovative solutions and exceptional value to our clients, and I look forward to collaborating with our teams in this new capacity.”

Mr. Christenson added, “Marcelo’s expertise in the political landscape will be vital for us as we capitalize on opportunities in government and political advertising revenue during election years as well as off-cycle years. Larry has been a trusted advisor since I joined Entravision, and his deep industry insights and strategic vision will be instrumental as we navigate the evolving media landscape. I also want to thank Karl for his dedication and service to the company, and we wish him all the best in his future endeavors.”

About Juan Navarro

Mr. Navarro has more than 20 years of experience in Spanish-language broadcast media. He served as the Company’s Executive Vice President of Integrated Marketing Solutions since January 2024, and prior to that served as the Company’s Regional Vice President of Integrated Marketing Solutions since August 2019. Before that, he served in various roles at Spanish-language media companies, including eight years as an Interactive Sales Manager with the

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Company. Mr. Navarro earned his Master in Business Administration degree from the Anderson School of Management at the University of California, Los Angeles, and a Bachelor of Science degree in Public Affairs from the University of Southern California.

About Marcelo Gaete

Mr. Gaete was appointed Entravision’s Executive Vice President of Public and Government Relations in 2013. In this role, Mr. Gaete oversaw the Company’s community and government relations, leveraging his extensive experience in political and non-partisan campaigns to empower Latino communities. Mr. Gaete is the Board President of Mi Familia Vota Educational Fund, promoting civic participation among Latino and immigrant communities, and serves on the board of the Coalition for Humane Immigrant Rights Los Angeles (CHIRLA) Action Fund. Previously, he spent nearly a decade at the NALEO Educational Fund, where he led impactful campaigns like Ya Es Hora¡, helping over a million legal permanent residents become U.S. citizens. Mr. Gaete also played a key role as Western Political Director for the Mike Bloomberg presidential campaign in 2020. Mr. Gaete holds a B.A. in Political Science from the University of Illinois at Chicago and continues to make significant contributions to political and civic engagement.

About Larry Safir

Mr. Safir is a media executive recognized for his significant contributions to the broadcasting industry, including receiving the Texas Association of Broadcasters’ “Lifetime Achievement Pioneering Award” in 2014. With a career that includes serving as Executive Vice President of Entravision from 1992 to 2010, he built and managed nine media properties in McAllen, Texas, producing the first Spanish-language newscast for Univision in the Rio Grande Valley. A Tony Award-winning and two-time Grammy-nominated executive producer, he has also invested in numerous Broadway and Las Vegas shows. Mr. Safir is a managing partner at Doctors Hospital at Renaissance, the nation’s largest physician-owned hospital, and serves as Chairman of its Cancer Foundation.

Forward-Looking Statements

 

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company.

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From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

About Entravision Communications Corporation

 

Entravision is a media and advertising technology company. Our broadcast properties include the largest television affiliate group of the Univision and UniMás television networks and one of the largest groups of primarily Spanish-language radio stations in the United States, providing our customers with substantial access and engagement opportunities in top U.S. Hispanic markets. Smadex, our programmatic ad purchasing platform enables customers, primarily mobile app developers, to purchase advertising electronically and manage data-driven advertising campaigns. Learn more about our offerings at entravision.com.

 

Contacts

 

Mark Boelke Roy Nir

Chief Financial Officer and Treasurer VP, Financial Reporting and Investor Relations

Entravision Entravision

310-447-3870 310-447-3870

mboelke@entravision.com ir@entravision.com

 

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Document And Entity Information	Oct. 14, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 14, 2024
Entity Registrant Name	ENTRAVISION COMMUNICATIONS CORP
Entity Central Index Key	0001109116
Entity Emerging Growth Company	false
Entity File Number	001-15997
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4783236
Entity Address, Address Line One	2425 Olympic Boulevard
Entity Address, Address Line Two	Suite 6000 West
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90404
City Area Code	310
Local Phone Number	447-3870
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A Common Stock
Trading Symbol	EVC
Security Exchange Name	NYSE

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