Leadership & Pay ·
On June 16, 2026, Urban One, Inc. entered into a new employment agreement with CFO Peter D. Thompson, extending his…
UONEUrban One, Inc.
On June 16, 2026, Urban One, Inc. entered into a new employment agreement with CFO Peter D. Thompson, extending his term through January 6, 2029. The agreement provides an annual base salary of $750,000, a $333,333 signing bonus, and a target annual performance bonus of $300,000 (up to 132% for superior performance). Mr. Thompson is eligible for a $850,000 completion bonus if material weaknesses from the 2025 Form 10-K are remediated. The contract also includes tiered stock-based compensation and performance grants of Class D common stock and options. Additionally, the company reported results from its June 11, 2026, annual meeting, where six director nominees were elected, the 2026 Equity and Performance Incentive Plan was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor. Urban One operates in the media industry, providing targeted audio and digital content.