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E.W. SCRIPPS Co (SSP) 8-K Current Report: February 26, 2026

Filed: February 26, 2026
Communication Services
Television Broadcasting Stations
E.W. SCRIPPS Co Overview

E.W. SCRIPPS Co (SSP) 8-K current report filed with SEC EDGAR on February 26, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.

Reported 8-K Items
4 items

  • Item 2.02: Results of Operations and Financial Condition
  • Item 5.02: Departure/Election of Directors or Officers
  • Item 8.01: Other Events
  • Item 99.1

E.W. SCRIPPS Co 8-K Feb 26, 2026 Event Analysis

Item 2.02 · Results of Operations and Financial Condition

  • • Q4 2025 and full-year 2025 earnings results released February 25, 2026
  • • Full financial details in Exhibit 99.1 press release — key figures not disclosed in this filing item

Item 5.02 · Departure/Election of Directors or Officers

  • • CEO Symson locked in through Dec 31, 2029 at base salary ≥$1.4M, target annual bonus ≥175% of base (~$2.45M), and LTI ≥$4.7M for 2026
  • • $10M one-time performance cash award tied to enterprise EBITDA growth of $125M–$181.25M over 2026–2029; payout capped at 100% unless SSP stock hits $10/share 30-day average
  • • Maximum Cash Award payout is 150% ($15M) if EBITDA growth ≥$181.25M AND stock clears $10 threshold — signals board confidence in turnaround targets
  • • Change-in-control triggers automatic term extension plus guaranteed ≥100% Cash Award payout, with stock price hurdles from $10–$15/share setting the CIC premium framework
  • • Pre-CIC severance = 2x (base + target bonus) lump sum; post-CIC termination adds pension-equivalent top-up — significant retention cost if strategic alternatives pursued

Item 8.01 · Other Events

  • • Exercised call options on all 23 INYO TV stations acquired as part of 2021 ION Media deal restructuring for FCC compliance
  • • Estimated aggregate purchase price ~$54M, though final price formula-dependent on closing date
  • • Right to withdraw any individual Option before closing with no penalty beyond expense reimbursement — preserves flexibility
  • • Each station closes separately, subject to FCC consent and potential ownership rule waivers, creating deal execution risk
  • • Stations span 21 major markets including Phoenix, Detroit, Denver, Indianapolis, and Cleveland — meaningful network footprint expansion if fully closed

Item 99.1 · Item 99.1

  • • Earnings-related 8-K filed Feb 26, 2026; press release dated Feb 25, 2026 contains the actual financial results (Exhibit 99.2)
  • • Signed by SVP/Controller as Principal Accounting Officer — no CFO signature, consistent with prior leadership changes at Scripps
  • • Full Q4/FY2025 figures available only in the referenced press release exhibit, not in this filing text

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