Emmis CEO Jeff Smulyan, who controls a majority of the voting power of the company’s stock, has just been handed another 100,000 Emmis Class B shares. The award comes as part of a revised change in control severance agreement the company has signed with its top executive and founder.
Smulyan, Emmis’ largest shareholder, already owned all of the company’s 1,142,366 Class B shares, which carry super voting power rights.
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