Company: CCO
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001193125-25-077985
Chunk: 6

Company: Clear Channel Outdoor Holdings, Inc.
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 6
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 as well as Clear Channel Outdoor’s independence standards set forth in our Governance Guidelines. In addition, the Board has determined that each member currently serving on the Compensation Committee and on the Audit Committee is independent under the heightened independence standards for compensation or audit committee members under the listing standards of the NYSE and the rules and regulations of the SEC, as applicable. In making these determinations, the Board reviewed information provided by the directors and by Clear Channel Outdoor with regard to the directors’ business and personal activities as they relate to Clear Channel Outdoor and its affiliates. In the ordinary course of business during 2024, Clear Channel Outdoor entered into purchase and sale transactions for products and services and other ordinary course transactions with certain entities affiliated with members of the Board as described below:

| • |     | Ms. Hammitt and Messrs. Marchese and Moreland serve as directors or equivalent positions of companies and organizations to which we provided outdoor advertising services; |

| • |     | Mr. Marchese owns a small equity position in a non-profit organization to which we provided outdoor advertising services; |

| • |     | Mr. Marchese serves as a partner/co-founder of a company to which we provided outdoor advertising services, which did not exceed in any of the last three fiscal years the greater of $1 million or 2% of such company’s consolidated gross revenues; and |

| • |     | family members of Ms. Hammitt and Messrs. Dionne, Jones, King, and White are employed in non-executive roles by companies to which we provided, or from which we received, ordinary course services. |

All of these transactions were for arms-length, ordinary course of business transactions, and we expect transactions of a similar nature to occur during 2025. These transactions were considered by the Board in making their independence determinations with respect to Ms. Hammitt and Messrs. Dionne, Jones, King, Marchese, Moreland and White. The Board has concluded that such transactions or relationships do not impair the independence of Ms. Hammitt and Messrs. Dionne, Jones, King, Marchese, Moreland and White. With respect to Mr. White, the Board also considered that Mr. White is the Co-Founderand Managing Director of Legion Partners Asset Management, LLC and considered the relationships and transactions between Clear Channel Outdoor and Legion Partners Asset Management, LLC and its affiliates (collectively, “Legion Partners”), which are described under “Certain Relationships and Related Party Transactions.” In concluding that these relationships and transactions do not