BEASLEY BROADCAST GROUP INC 8-K

What Happened Beasley Broadcast Group, Inc. (BBGI) filed an 8-K (Item 5.02) reporting that on May 11, 2026 the Board increased from six to seven directors and appointed Jeffrey D. Goldberg to fill the new seat. Mr. Goldberg was also named to the Board’s Strategic Alternatives Committee and was elected pursuant to the Amended and Restated Transaction Support Agreement (A&R TSA) dated April 27, 2026.

Key Details

• Board size increased from six to seven directors; appointment effective May 11, 2026.
• Director compensation: $85,000 annually in cash (a $65,000 retainer, $7,500 annual fee for Strategic Alternatives Committee service, and $12,500 other cash consideration).
• Mr. Goldberg’s background: extensive board and executive experience in health care services and technology sectors; roles include president of IncuMed, SVP & General Counsel of Advanced Bionics, CFO of a specialty hospital, and counsel for Occidental Petroleum.
• The filing states there are no reportable related-party transactions between Mr. Goldberg and the Company under Item 404(a) of Regulation S-K.

Why It Matters A new director and a larger board can affect governance and oversight; Mr. Goldberg’s seat on the Strategic Alternatives Committee means he will be involved in oversight of strategic reviews or potential transactions that the committee handles. The director was appointed under the A&R TSA referenced in the company’s May 1, 2026 Form 8-K, so investors may view this as part of negotiated governance changes tied to that agreement. The disclosed compensation is modest and typical for non-employee directors, providing transparency on the cost of the appointment.