Cumulus Media Inc. announced on January 9, 2020, John Abbot resigned from his position as the Executive Vice President, Treasurer and Chief Financial Officer of Cumulus Media Inc. to pursue other opportunities at a company based closer to his home. Mr. Abbot's resignation was effective on February 28, 2020. The Company is continuing the search process for a permanent Chief Financial Officer.

Effective February 28, 2020, Sallie Kimbrough, who was recently named Chief Accounting Officer and VP, Finance of the Company, has been designated as the Company's principal accounting officer and principal financing officer in addition to her current responsibilities pending the finding of Mr. Abbot's successor.