Cox Radio Elects Evans To Board, Authorizes $100 Million Buyback
May 16, 2007 at 11:16 AM (PT)
COX RADIO stockholders have elected ECP BENEFITS LLC Chairman NICK W. EVANS JR. to its Board of Directors. EVANS, who previously headed SPARTAN COMMUNICATIONS for 13 years, will serve as a non-executive independent director, Chair of the Audit COmmittee, and a member of the Compensation Committee. Eight other board members were reelected, including BOB NEIL, NICK TRIGONY, MARC MORGAN, PAUL HUGHES, JAMES C. KENNEDY, JUANITA P. BARANCO, G. DENNIS BERRY, and JIMMY HAYES.
The board also authorized an addional share repurchase program for up to $100 million of Class A common stock. An earlier $100 million stock buyback authorized in MARCH 2005 is up to $85 million in stock repurchased, and the company intends to use the remaining $15 million before starting on the newly authorized funds.