Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 5

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 5
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 and governance. The Board believes this particular set of skills are a good fit for Clear Channel Outdoor as we continue to execute on our strategic plan to optimize our portfolio and focus on growing our America and Airport segments, including monetizing our technology and broadening the revenue streams from our U.S. assets. In addition, effective January 1, 2025, Mary Teresa Rainey retired as a member of the Board. Ms. Rainey contributed greatly to Clear Channel Outdoor, and we thank her for her many years of service. BOARD MEETINGS In 2024, the Board held thirteen meetings and also acted by written consent. All of our incumbent directors attended at least 87% of the aggregate of the total number of meetings of the Board and the total number of meetings held by all committees of the Board on which they served (during the periods of their service) during 2024. The rules of the NYSE require that non-managementor independent directors of a listed company meet periodically in executive sessions. In addition, the rules of the NYSE require listed companies to schedule an executive session including only independent directors at least once a year. Clear Channel Outdoor’s independent directors met separately in executive session at least one time during 2024. Mr. Moreland, the independent Chair of the Board, presides over all such executive sessions. STOCKHOLDER MEETING ATTENDANCE Clear Channel Outdoor encourages, but does not require, its directors to attend the annual meeting of stockholders. All of our directors then in office attended the annual meeting of stockholders in 2024. INDEPENDENCE OF DIRECTORS Our Board currently consists of ten directors, one of whom currently serves as our Chief Executive Officer. For a director to be independent, the Board must determine that such director does not have any direct or indirect material relationship with Clear Channel Outdoor. Pursuant to our governance guidelines (the “Governance Guidelines”), the Board has undertaken its annual review of director independence. The Board has adopted categorical standards for determining the independence of its members. Such independence standards conform to, or are more exacting than, the director independence requirements of the NYSE applicable to Clear Channel Outdoor. Our independence standards are set forth on Appendix A of the Governance Guidelines, which are available on our website at investor.clearchannel.com.

| Notice and Proxy Statement 2025  1 |

The Board has affirmatively determined that all current directors (other than Mr. Wells) are independent under the listing standards of the NYSE,