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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nexstar Media Group, Inc.    NXST

NEXSTAR MEDIA GROUP, INC.

(NXST)
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NEXSTAR MEDIA GROUP, INC. : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

10/27/2020 | 04:17pm EST

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 22, 2020, Nexstar Media Group, Inc. (the "Company" or "Nexstar") issued a press release announcing that Gregory R. Raifman, who is currently the President of Nexstar Digital LLC, a wholly-owned subsidiary of Nexstar ("Nexstar Digital"), will leave the Company at the conclusion of his executive employment agreement on March 31, 2021.

Item 7.01 Regulation FD Disclosure

In the same press release on October 22, 2020, the Company also announced its strategic operational realignment resulting in changes in certain of its operating subsidiaries. Effective on November 1, 2020, the Company will combine its two primary operating subsidiaries, merging Nexstar Digital and Nexstar Inc. (formerly Nexstar Broadcasting, Inc.), with Nexstar Inc. surviving the merger as the single operating subsidiary of the Company. As a result of these changes, Nexstar's three primary businesses, broadcasting, networks and digital, will now be operating divisions under the Nexstar Inc. umbrella.

A copy of the press release announcing the above changes is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

   99.1       Press Release of Nexstar Media Group, Inc. dated as of October 22,
            2020.
    104     Cover Page Interactive Data File (embedded within the Inline XBRL
            document).





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