Item 5.02 Departure of Directors or Certain Officer: Election Directors:


          Appointment of Certain Officers: Compensatory Arrangement of Certain
          Officers.

Effective December 31, 2020, Bright Mountain Media, Inc. (the "Company") accepted the resignation of Gregory Peters as its President and Chief Operating Officer and a Director of the Company. Mr Peters did not have any disagreement with the Company when he tendered his resignation.

Consulting Agreement with Greg Peters

Effective January 1, 2021, the Board of Directors approved a Consulting Agreement with Greg Peters. The Consulting Agreement replaced Mr. Peters existing Employment Agreement. The Consulting Agreement will expire March 31, 2023 and will pay Mr. Peters $27,083 per month and he will provide up to 20 hours per week on matters mutually agreed to between Mr. Peters and the Company's Chief Executive Officer. Mr. Peters will not participate in the Company's benefit programs and he is not entitled to any additional reimbursements except agreed out-of-pocket business expenses. Mr. Peters may work for others provided such entities do not compete with the business of the Company. The above represents a summary of Mr. Peters' Consulting Agreement and is qualified in its entirety by reference to the Consulting Agreement which is filed as Exhibit 10.1 to this Report on Form 8-K.





2

Item 9.01 Financial Statements and Exhibits






No.    Exhibit Description

10.1     Consulting Agreement effective January 1, 2021 between Greg Peters and
       Bright Mountain Media, Inc.




3

© Edgar Online, source Glimpses