Salem Media Group Announces the Issuance of SALM Stock to Co-Founder and Executive Chairman, Edward G. Atsinger III, in Lieu of Cash, and the Removal of Stock Forfeiture Provision for Previous Restricted Stock Grants

CAMARILLO, Calif., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Salem Media Group, Inc. (OTCQX: SALM) announced today that Edward G. Atsinger III, Co-Founder and Executive Chairman of the Company, has agreed to receive the remaining portion of his 2025 compensation in the form of Restricted Class A Common Stock rather than cash. This decision reflects Mr. Atsinger’s continued commitment to the long-term success and stability of the Company.The stock award, totaling 218,067 shares (“Stock Compensation”), represents the ...