iHeartMedia (IHRT) promotes Michael McGuinness to CFO with $1.2M salary

Rhea-AI Filing Summary

iHeartMedia, Inc. announced a leadership change and updated compensation terms for a key executive. Effective January 1, 2026, Michael McGuinness will become Chief Financial Officer of the company, reporting to President & Chief Operating Officer Richard Bressler. His employment agreement term is extended through June 30, 2030, signaling a long-term commitment to his role. As of the effective date, Mr. McGuinness’s annual base salary will be $1.2 million, his annual bonus target will increase to 150% of base salary, and his annual long-term incentive grant will have a target grant date fair value of $1.5 million.

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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): November 25, 2025

IHEARTMEDIA, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-38987		26-0241222
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

20880 Stone Oak Parkway

San Antonio, Texas 78258

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (210) 253-5000

Not applicable

(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, $0.001 par value per share		IHRT		Nasdaq Global Select Market

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

On November 25, 2025, iHeart Management Services, Inc., a subsidiary of iHeartMedia, Inc. (together with its subsidiaries, the “Company”), entered into the Third Amendment to the Employment Agreement, effective September 5, 2019, between the Company and Michael McGuinness (the “Amendment”). Pursuant to the Amendment, effective January 1, 2026 (the “Effective Date”), Mr. McGuinness’s title will become Chief Financial Officer, reporting to the Company’s President & Chief Operating Officer, Richard Bressler. The Amendment extends the term of the Employment Agreement through June 30, 2030. In addition, effective on the Effective Date, Mr. McGuinness’s annual salary is increased to $1.2 million, his annual bonus target will increase 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.

Biographical information for Mr. McGuinness, age 48, can be found in the Company’s definitive proxy statement for the 2025 annual meeting of stockholders filed with the Securities and Exchange Commission on April 1, 2025 and is incorporated by reference herein.

The foregoing description of the Amendment is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

Exhibit No.		Description
10.1*		Third Amendment to the Employment Agreement between the Company and Michael McGuinness, dated November 25, 2025.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

* The annexes, schedules, and certain exhibits to this Exhibit have been omitted pursuant to Item 601(a)(5)(b)(2) of Regulation S-K. The Registrant hereby agrees to furnish supplementally a copy of any omitted annex, schedule or exhibit to the SEC upon request.

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.

Date: December 1, 2025		IHEARTMEDIA, INC.
		By:		/s/ David Hillman
		Name:		David Hillman
		Title:		Executive Vice President, Chief Legal Officer and Secretary

FAQ

What executive leadership change did iHeartMedia (IHRT) announce?

iHeartMedia announced that, effective January 1, 2026, Michael McGuinness will become the company’s Chief Financial Officer, reporting to President & Chief Operating Officer Richard Bressler.

How long is Michael McGuinness’s updated employment term with iHeartMedia (IHRT)?

The amendment to Michael McGuinness’s employment agreement extends its term through June 30, 2030, indicating a multi‑year commitment between him and the company.

What is the new base salary for iHeartMedia (IHRT) CFO Michael McGuinness?

Effective January 1, 2026, Michael McGuinness’s annual base salary will be $1.2 million under his amended employment agreement.

How is Michael McGuinness’s bonus structured at iHeartMedia (IHRT)?

Under the amendment, effective January 1, 2026, Michael McGuinness’s annual bonus target will be 150% of his base salary, providing significant performance‑linked compensation potential.

What long-term incentive compensation will Michael McGuinness receive at iHeartMedia (IHRT)?

Starting January 1, 2026, Michael McGuinness’s annual long-term incentive grant will have a target grant date fair value of $1.5 million, aligning his incentives with the company’s long-term performance.

Where can investors find more details on Michael McGuinness’s background at iHeartMedia (IHRT)?

Biographical information for Michael McGuinness, age 48, is included in iHeartMedia’s definitive proxy statement for the 2025 annual meeting, filed with the SEC on April 1, 2025.