05/20/2026 | Press release | Distributed by Public on 05/20/2026 04:03
On May 18, 2026, Entravision Communications Corporation (the "Company") and Alexandra Seros and related trusts (collectively, the "Stockholders") mutually agreed to terminate the Cooperation Agreement between the parties (the "Cooperation Agreement"). Ms. Seros is the widow of Walter Ulloa, the Company's former Chairman and Chief Executive Officer.
The Company and the Stockholders entered into the Cooperation Agreement on May 4, 2023. Under the agreement terms, the Company agreed to nominate the Stockholders' candidate to the Company board of directors, and the Stockholders agreed to specific commitments regarding their ownership of the Company's stock.
As a result of the termination, the Cooperation Agreement is of no further force or effect, and all rights and obligations of the Company and the Stockholders thereunder have been terminated.
Notwithstanding the termination, Thomas Strickler, who was nominated as a director pursuant to the terms of the Cooperation Agreement, will remain on the Company's board of directors.
The foregoing description of the Cooperation Agreement is qualified in its entirety by reference to the full text of the Cooperation Agreement, a copy of which was previously filed by the Company with the U.S. Securities and Exchange Commission as Exhibit 10.1 to the Current Report on Form 8-K dated May 5, 2023 and is incorporated by reference herein.