Company: UONE
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001041657-25-000025
Chunk: 47

Company: URBAN ONE, INC.
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 47
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, President and Chief Executive Officer of Urban One, Inc., was a compensated member of the Board of Directors of Broadcast Music, Inc. (“BMI”), a performance rights organization to which the Company pays license fees in the ordinary course of business. As of December 31, 2023 , the Company owed BMI approximately $0.3 million. On February 8, 2024, the sale of BMI to a shareholder group led by New Mountain Capital, LLC, was completed. Based on the Company's equity interest in BMI, the sale resulted in cash proceeds of approximately $0.8 million. Due to the sale of BMI, Alfred C. Liggins, III is no longer a member of the BMI Board of Directors. The Company incurred expenses of approximately $0.8 million and $3.2 million with BMI during the years ended December 31, 2024 and 2023, respectively.

#### PROPOSAL 3 — APPROVAL OF A REVERSE STOCK SPLIT

#### General
Our Board of Directors has approved, and is hereby soliciting stockholder approval of an amendment to our amended and restated certificate of incorporation to effect a reverse stock split at a ratio of not less than one-for-two and not more than one-for-thirty substantially in the form set forth in Appendix A to this proxy statement (the “reverse stock split Amendment”). A vote in favor of this Proposal 3 will constitute approval of the reverse stock split Amendment providing for the combination of any whole number of shares of common stock between and including two and thirty into one share of common stock and will grant our Board of Directors the authority to select any exchange ratio within that range to be implemented. If stockholders approve this proposal, our Board of Directors will have the authority, but not the obligation, in its sole discretion and without further action on the part of the stockholders, to select one of the approved reverse stock split ratios and effect the approved reverse stock split by filing the reverse stock split Amendment with the Secretary of State of the State of Delaware at any time after the approval of the reverse stock split Amendment. If the reverse stock split Amendment has not been filed with the Secretary of State of the State of Delaware by the close of business on the date of our 2026 annual stockholders meeting, the Board of Directors will abandon the reverse stock split Amendment. If the reverse stock split is implemented, the reverse stock split Amendment would not change the par value of a share of our common stock. Except for any changes as a result of the treatment of