Sinclair Elects Board and Ratifies Independent Auditor
May 19 2023 - 12:00PM
Business Wire
Board Votes to Hold Annual Advisory Vote on
Executive Compensation
Sinclair Broadcast Group, Inc. (the “Company”) (Nasdaq: SBGI)
announced that its stockholders elected the nominated nine
Directors at the Company’s Annual Stockholders’ Meeting held
yesterday. The elected Directors are Mr. David D. Smith, Executive
Chairman, Chairman of the Board of the Company; Mr. Frederick G.
Smith, Director and Vice President of the Company; Mr. J. Duncan
Smith, Director, Vice President and Secretary of the Company; Mr.
Robert E. Smith, Director; Ms. Laurie R. Beyer, Director; Dr.
Benjamin S. Carson, Sr., Director; Mr. Howard E. Friedman,
Director; Mr. Daniel C. Keith, Director; and Hon. Benson E. Legg,
Director.
The stockholders also ratified the appointment of
PricewaterhouseCoopers LLP as the Company’s independent registered
public accounting firm for the fiscal year ending December 31,
2023, and approved the non-binding advisory vote on executive
compensation.
Though stockholders approved a three-year frequency, the Board
of Directors considered the outcome of this vote and determined
that the Company will hold an annual advisory vote on the
compensation of the Company’s named executive officers, until the
next required advisory vote on the frequency of the advisory vote
on executive compensation. The annual frequency of the vote is in
line with the highest corporate governance standards.
A tabulation of the votes on these matters will be included in a
Current Report on Form 8-K to be filed with the Securities and
Exchange Commission.
About Sinclair Broadcast Group,
Inc.
Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) is a diversified
media company and a leading provider of local news and sports. The
Company owns, operates and/or provides services to 185 television
stations in 86 markets affiliated with all the major broadcast
networks; owns Tennis Channel and multicast networks Comet, CHARGE!
and TBD; and owns and provides services to 21 regional sports
network brands. Sinclair’s content is delivered via multiple
platforms, including over-the-air, multi-channel video program
distributors, and the nation’s largest streaming aggregator of
local news content, NewsON. The Company regularly uses its website
as a key source of Company information which can be accessed at
www.sbgi.net.
Category: Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20230519005263/en/
Chris King, VP, Investor Relations Billie-Jo McIntire, AVP,
Investor Relations (410) 568-1500
Sinclair (NASDAQ:SBGI)
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