Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 98

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 98
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 Audit Committee to pre-approvesuch transactions. The Chair of the Audit Committee reports to the Audit Committee any transactions reviewed by him pursuant to this delegated authority at the next Audit Committee meeting. The primary considerations with respect to the approval of related party transactions are the overall fairness of the terms of the transaction to us and that they are not inconsistent with our and our stockholder interests. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Ted White, one of our directors, is the Co-Founderand a Managing Director of Legion Partners Asset Management, LLC. On January 31, 2024, Clear Channel Outdoor entered into a Cooperation Agreement (the “Cooperation Agreement”) with Legion Partners, which beneficially owns approximately 5.3% of our common stock. Pursuant to the terms of the Cooperation Agreement, the Board appointed Mr. White to the Board and as a member of the Audit Committee, effective January 31, 2024. On December 4, 2024, pursuant to an amendment to the Cooperation Agreement, we agreed to include Mr. White in the slate of nominees for the election at the Annual Meeting, and to recommend that stockholders vote in favor of his election. The amendment also extended the term of the Cooperation Agreement to the earlier of (x) 30 days prior to the director nomination deadline for Clear Channel Outdoor’s 2026 annual meeting of stockholders and (y) the date that is 120 days prior to the first anniversary of the Annual Meeting. Except pursuant to the Cooperation Agreement and in connection with Mr. White’s appointment to the Board, there have been no transactions or arrangements between Clear Channel Outdoor and Legion Partners.

| 76  Notice and Proxy Statement 2025 |

AUDIT COMMITTEE REPORT The following Report of the Audit Committee concerns the Audit Committee’s activities regarding oversight of Clear Channel Outdoor’s financial reporting and auditing process, and it does not constitute soliciting material and should not be deemed filed or incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent Clear Channel Outdoor specifically incorporates this Report by reference therein. The Audit Committee is comprised solely of independent directors (as defined the NYSE rules and Rule 10A-3under the Exchange Act), and it operates under a written charter adopted by the Board. The charter reflects standards set forth in SEC regulations and NYSE rules. In addition, the composition of the Audit Committee, the attributes of