Townsquare Media, Inc.
For the period ended May 1, 2025. Filed Mar 20, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 1, 2025 · Filed Mar 20, 2025
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UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 ____________________________________
SCHEDULE 14A____________________________________
Proxy Statement Pursuant to Section 14(a) of theSecurities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant xFiled by a party other than the Registrant oCheck the appropriate box:o Preliminary Proxy Statemento Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))x Definitive Proxy Statemento Definitive Additional Materialso Soliciting Material under §240.14a-12
TOWNSQUARE MEDIA, INC.____________________________________________________________________
(Name of Registrant as Specified In Its Charter)____________________________________________________________________(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):x No fee requiredo Fee paid previously with preliminary materialso Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11
March 20, 2025
To the Stockholders of Townsquare Media, Inc.:
I am pleased to invite you to attend the 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Townsquare Media, Inc. (the “Company”), which will be held by virtual meeting format atwww.virtualshareholdermeeting.com/TSQ2025, on May 1, 2025 at 9:00 a.m. Eastern Daylight Time.
Information about the Annual Meeting, the nominees for election as directors and the other proposals to be voted on by stockholders is presented in the following Notice of Annual Meeting of Stockholders and accompanying proxy statement.
Whether or not you plan to attend the Annual Meeting, please promptly vote your shares in advance of the Annual Meeting using the methods described in the accompanying proxy statement. It is important that your shares be represented. We hope you can join us at the Annual Meeting on May 1, 2025.
Sincerely,
Steven Price
Executive Chairman of the Board of Directors
One Manhattanville Road, Suite 202
Purchase, New York 10577
(203) 861-0900
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
May 1, 2025, 9:00 a.m., Eastern Daylight Time
The 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Townsquare Media, Inc. (the “Company”) will be held by virtual meeting format atwww.virtualshareholdermeeting.com/TSQ2025, on May 1, 2025 at 9:00 a.m. Eastern Daylight Time, for the following purposes:
(1)To elect two Class II directors named in the accompanying proxy statement to our Board of Directors, each director to hold office until the 2028 annual meeting of stockholders and until such director’s successor is duly elected and qualified, or until such director’s earlier resignation, retirement or other termination of service.
(2)To ratify the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
(3)To transact such other business as may properly come before the Annual Meeting and any postponement(s) or adjournment(s) thereof.
Stockholders of record at the close of business on March 11, 2025 are entitled to receive notice of, to vote at and attend the Annual Meeting and any adjournment or postponement thereof. To attend the virtual Annual Meeting, you must demonstrate that you were a stockholder as of the close of business on March 11, 2025 or hold a valid proxy from any such stockholder. The Annual Meeting will be completely virtual, conducted via live webcast at the website above. On that website, you will be able to vote your shares electronically, view the list of stockholders entitled to vote at the meeting and submit questions during the meeting. Details regarding how to attend and participate in the virtual meeting are more fully described in the accompanying proxy statement.
Sincerely,
Steven Price
Executive Chairman of the Board of Directors
Purchase, New York
March 20, 2025
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 1, 2025:
The accompanying proxy statement and annual report to stockholders are available free of charge at https://www.proxyvote.com
TABLE OF CONTENTS
| DIRECTORS AND CORPORATE GOVERNANCE | 1 |
|---|---|
| DIRECTOR COMPENSATION | 11 |
| EXECUTIVE OFFICERS | 14 |
| NAMED EXECUTIVE OFFICER COMPENSATION | 15 |
| NAMED EXECUTIVE OFFICER COMPENSATION TABLES | 20 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 29 |
| CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS | 31 |
| AUDIT COMMITTEE REPORT | 32 |
| OTHER AUDIT COMMITTEE MATTERS | 33 |
| PROPOSALS | 34 |
| PROPOSAL ONE - ELECTION OF CLASS II DIRECTORS. | 35 |
| PROPOSAL TWO - RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025 | 36 |
| GENERAL INFORMATION | 37 |
| OTHER MATTERS | 43 |
| DELINQUENT SECTION 16(A) REPORTS | 43 |
TOWNSQUARE MEDIA, INC.
One Manhattanville Road, Suite 202
Purchase, New York 10577
(203) 861-0900
PROXY STATEMENT
FOR THE ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON MAY 1, 2025
Townsquare Media, Inc. (“Townsquare,” “Company,” “we,” “us” and “our”) has made this proxy statement (the “Proxy Statement”) and other materials available to you on the Internet or, upon your request, has delivered these materials by email or mail in connection with the solicitation of proxies by the Company’s Board of Directors (the “Board”) for use at the Company’s 2025 annual meeting of stockholders (the “Annual Meeting”). The Annual Meeting will be held in a virtual meeting format atwww.virtualshareholdermeeting.com/TSQ2025, on May 1, 2025 at 9:00 a.m. Eastern Daylight Time, and for any postponement(s) or adjournment(s) thereof. This proxy statement and the accompanying form of proxy will be mailed to stockholders on or about March 20, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.