Here are the 10-K annual reports from Cumulus Media Inc A (CMLSQ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CMLSQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CMLSQ filings page.
Cumulus Media Inc. files Amendment No. 1 to its Form 10‑K to add Part III information on directors, executive compensation, ownership, related‑party transactions and auditor fees. The filing notes that Cumulus and subsidiaries commenced prepackaged Chapter 11 cases on March 5, 2026, with a modified reorganization plan confirmed by the Bankruptcy Court on April 15, 2026, pending regulatory approvals.
For 2025, CEO Mary Berner received total compensation of about $2.3 million, including salary of $1.45 million and a short‑term incentive payout at 53.2% of target based on Adjusted EBITDA of roughly $57.8 million. The board added restructuring‑focused directors, created a Transaction Committee for the Chapter 11 cases, and discloses that non‑employee directors were paid primarily in cash. As of April 3, 2026, Cumulus had 17,668,032 common shares outstanding and a public float market value of about $1.6 million as of June 30, 2025.
Cumulus Media Inc. reports in its Form 10-K that it is operating under Chapter 11 protection to implement a comprehensive debt restructuring. The proposed plan would cancel all existing Class A and Class B common stock, with no recovery for current shareholders, and exchange secured 2029 debt for $50 million of new convertible notes plus most of the new equity. The reorganized company does not intend to list its new shares on a national exchange or maintain SEC reporting, while continuing to run 393 stations in 84 markets and a large podcast and network business as debtors-in-possession.