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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
Globenewswire· 2025-10-16 22:08
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 ...