Company: EVC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058293
Chunk: 30

Company: ENTRAVISION COMMUNICATIONS CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 30
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 2024 for filing with the SEC. By the Compensation Committee of the Board of Directors:

| Martha Elena Diaz, Chair |
| Brad Bender              |
| Tom Strickler            |
| Lara Sweet               |

COMPENSATION DISCUSSION AND ANALYSIS Introduction This Compensation Discussion and Analysis provides information regarding the 2024 compensation for our named executive officers, comprised of our principal executive officer, the two most highly compensated executive officers at fiscal year-end, and two other individuals who served as executive officers during fiscal year 2024 but were not serving in that capacity at the end of the fiscal year. For 2024, our named executive officers were:

| Name                |     | Position                                     |
| Michael Christenson |     | Chief Executive Officer                      |
| Jeffery Liberman    |     | President and Chief Operating Officer        |
| Mark Boelke         |     | Chief Financial Officer and Treasurer        |
| Karl Meyer          |     | Former Chief Revenue Officer                 |
| Christopher Young   |     | Former Chief Financial Officer and Treasurer |

The Company terminated Mr. Meyer’s employment on October 14, 2024 and Mr. Young’s employment on May 9, 2024.

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This Compensation Discussion and Analysis describes the material elements of our executive compensation during 2024. It also provides an overview of our executive compensation philosophy, including our principal compensation policies and practices. Finally, it analyzes how and why the Compensation Committee and our Board arrived at the specific compensation decisions for our named executive officers in fiscal year 2024 and discusses the key factors that were considered in determining their compensation.

2024 Business Changes

On March 4, 2024, the Company received a communication from Meta Platforms, Inc. (“Meta”) that it intended to wind down its Authorized Sales Partners (“ASP”) program globally and end its relationship with all of its ASPs, including the Company, by July 1, 2024. This communication occurred after the Compensation Committee had made its compensation decisions for 2024. The cancellation of the ASP program made the Company's performance metrics with respect to the Company's bonus plan goals unattainable; however, the Company did not subsequently modify such goals.

For the fiscal year ended December 31, 2023, ASP revenue from Meta represented approximately 53% of the Company's consolidated revenue. As a result of this communication from Meta, the Company conducted a thorough review of its digital strategy, operations and cost structure, and during the second quarter