[8-K] Entravision Communication Reports Material Event

Rhea-AI Filing Summary

European Wax Center (EWCZ) filed an 8-K disclosing the appointment of Angela Jaskolski as Chief Operating Officer, effective 18 Aug 2025. Jaskolski, 52, brings multi-unit franchise and consumer-services expertise from prior C-suite roles at Madison Reed, Thrive Pet Healthcare and Self Esteem Brands.

Compensation package: $450k base salary; target bonus 60 % of salary; $20k sign-on bonus; 125,000 RSUs vesting annually over four years; options on 195,000 shares at the 18 Aug closing price plus 135,000 options at $9.00 and 135,000 options at $12.00, all exercisable on the fourth anniversary, generally subject to continued employment. Travel and lodging reimbursement and eligibility under the company’s Change-in-Control & Severance Plan are also included.

The company issued a simultaneous press release (Ex. 99.1) outlining wider leadership changes. No related-party transactions were reported, and the disclosure is limited to Items 5.02, 7.01 and 9.01.

Positive

• Seasoned operator hired: Jaskolski’s experience managing 100–300 location networks directly addresses EWCZ’s growth and unit-performance objectives.
• Equity-heavy, performance-priced compensation aligns executive incentives with shareholder value and limits immediate cash burn.

Negative

• Potential share dilution from 585,000 option grants and 125,000 RSUs, though impact is modest relative to float.
• Execution risk: benefits hinge on successful integration and the COO’s ability to translate prior experience to the waxing franchise model.

Insights

Financial Analyst

TL;DR: New COO with strong franchise background; modest cash cost, equity-heavy pay; neutral near-term financial impact.

Adding a seasoned operator should strengthen field execution and unit economics, important for a franchise model dependent on average unit volume. The equity-heavy package (≈585k options, 125k RSUs) aligns incentives but introduces limited dilution (<2 % of basic shares). Cash outlay is modest versus EWCZ’s 2024 SG&A of ~$150 m. Because no guidance changes or financial targets were issued, I view the filing as strategically positive but financially neutral in the short term.

Corporate Governance Expert

TL;DR: Compensation structure uses multi-strike options and time-vested RSUs—standard, shareholder-aligned and performance-oriented.

The mix of at-market and premium-priced options encourages value creation above $9 and $12, above the recent $11 level, while four-year vesting promotes retention. Inclusion in the Change-in-Control plan is customary. Absence of related-party ties reduces governance risk. Overall, best-practice design merits a slightly positive governance rating.

false0001109116ENTRAVISION COMMUNICATIONS CORP00011091162025-07-152025-07-15

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): July 15, 2025

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.)
1 Estrella Way
Burbank, California				91504
(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:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On July 15, 2025 (the “Effective Date”), Entravision Communications Corporation (the “Company”) entered into Amendment No. 1 (the “Amendment”) to the Amended and Restated Credit Agreement dated as of March 17, 2023 (as amended, restated, supplemented or otherwise modified from time to time prior to the Effective Date, the “Existing Credit Agreement”; the Existing Credit Agreement, as amended by the Amendment, the “Credit Agreement”), by and among the Company, the guarantors party thereto, Bank of America, N.A., as administrative agent and collateral agent, and the other financial institutions party thereto as Lenders (collectively, the “Lenders”).

The Amendment amends the Existing Credit Agreement to, among other things,

1.increase the quarterly amortization to $5,000,000;

2.reduce the aggregate revolving commitments from $75,000,000 to $30,000,000;

3.increase the maximum permitted Total Net Leverage Ratio (as defined in the Credit Agreement) to 4.0 to 1.0;

4.calculate leverage ratios based on an annualized average for the eight most recently completed fiscal quarters and increase cash netting to $60,000,000; and

5.reduce the minimum permitted Interest Coverage Ratio (as defined in the Credit Agreement) to 2.0 to 1.0.

Pursuant to the Amendment, the Company agreed to pay to the Lenders consenting to the Amendment a fee equal to 0.05% of the amount of outstanding loans and commitments held by such Lenders under the Existing Credit Agreement.

The foregoing description of the Amendment is not complete and is qualified in its entirety by the terms and provisions of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On July 16, 2025, the Company issued a press release regarding the events described in Item 1.01. 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.

10.1	Amendment No. 1, dated as of July 15, 2025, to Existing Credit Agreement, by and among the Company, the guarantors party thereto, Bank of America, N.A., as administrative agent and collateral agent, and the other financial institutions party thereto as Lenders
99.1	Press release issued by Entravision Communications Corporation on July 16, 2025
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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:	July 16, 2025	By:	/s/ Michael Christenson
			Michael Christenson, Chief Executive Officer

FAQ

When does Angela Jaskolski become COO of European Wax Center (EWCZ)?

Her appointment is effective August 18, 2025.

What is the new COO’s base salary and bonus potential at EWCZ?

Ms. Jaskolski will earn a $450,000 base salary and a 60 % target bonus of base pay.

How many equity awards will Angela Jaskolski receive?

She will receive 125,000 RSUs plus options on 465,000 shares (195k at-market, 135k at $9, 135k at $12).

When do the RSUs and stock options vest?

RSUs vest in four equal annual tranches; all option tranches become exercisable on the fourth anniversary of the start date.

Were any related-party transactions disclosed in the 8-K?

No. The filing states there are no transactions requiring disclosure under Item 404(a) of Regulation S-K.