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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

Use the contents to explore the available documents and sections.

TSQ$1.85-11.1%Stored close · as of Nov 6, 2026
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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 GOVERNANCE1
DIRECTOR COMPENSATION11
EXECUTIVE OFFICERS14
NAMED EXECUTIVE OFFICER COMPENSATION15
NAMED EXECUTIVE OFFICER COMPENSATION TABLES20
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT29
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS31
AUDIT COMMITTEE REPORT32
OTHER AUDIT COMMITTEE MATTERS33
PROPOSALS34
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, 202536
GENERAL INFORMATION37
OTHER MATTERS43
DELINQUENT SECTION 16(A) REPORTS43

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.

ContentsView on SEC.gov

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