Mark Mays To Depart iHeartMedia Board
April 7, 2015 at 3:56 AM (PT)
MARK MAYS has informed iHEARTMEDIA, INC. that he does not intend to run for re-election to the company's Board of Directors at the upcoming stockholder meeting.
MAYS, the former CEO of the company in its CLEAR CHANNEL days and the last MAYS family member on the board, told the company that his departure "is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices."
Meanwhile, CEO BOB PITTMAN and CFO RICH BRESSLER acquired an additional 9,986 shares of iHEARTMEDIA Class A common stock at $5.43 per share on APRIL 6th, giving PITTMAN 968,890 shares held directly and 706,215 indirectly and BRESSLER 950,890 shares, and CLEAR CHANNEL OUTDOOR HOLDINGS, INC. bought back 2,172,946 shares of its own Class A common stock at $10.20 per share on APRIL 2nd.