Company: EVC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000950170-25-103037
Chunk: 7

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part II, Item 2
Chunk 7
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Issuer Purchases of Equity Securities 

On March 1, 2022, our Board of Directors approved a share repurchase program of up to $20 million of our Class A common stock.  Under this share repurchase program, we are authorized to purchase shares of our Class A common stock from time to time through open market purchases or negotiated purchases, subject to market conditions and other factors. 

We did not repurchase any shares of our Class A common stock during three- and six-month periods ended June 30, 2025 and 2024. As of June 30, 2025, we have repurchased a total of 1.8 million shares of our Class A common stock under this share repurchase program for an aggregate purchase price of $11.3 million, or an average price per share of $6.43. All such repurchased shares were retired as of June 30, 2025.

ITEM 3.       DEFAULTS UPON SENIOR SECURITIES 

None. 

ITEM 4.       MINE SAFETY DISCLOSURES 

Not applicable. 

ITEM 5.       OTHER INFORMATION 

Insider Trading Arrangements 

During the quarter ended June 30, 2025, none of our directors or officers informed us of the adoption or termination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408.

Revised Form of Indemnification Agreement

On August 1, 2025, our Board of Directors approved a revised form of indemnification agreement (the “Indemnification Agreement”) to be entered into between us and our current and future directors and executive officers. We will execute a new Indemnification Agreement with each of our directors and executive officers, which Indemnification Agreements will supersede the previous indemnification agreements between such parties. The Indemnification Agreement will, among other things, require us to indemnify, and advance expenses to, each director and executive officer to the fullest extent permitted by law, including indemnification of expenses such as attorneys’ fees, court costs, judgments, fines, penalties, excise taxes and settlement amounts incurred by the director or executive officer in any action or proceeding arising out of such person’s services as a director or executive officer. The Indemnification Agreement is intended to provide indemnification rights to the fullest extent permitted under Delaware law and shall be