Mediaco Holding Inc. appointed new CEO

Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On October 11, 2023, Rahsan-Rahsan Lindsay, the Chief Executive Officer of MediaCo Holding Inc. (the "Company" or "MediaCo"), resigned as an officer of the Company and as a member of the Board of Directors of the Company, both effective on such date. To facilitate the transition of Mr. Lindsay's duties, he will remain as consultant to the Company through October 31, 2023. In connection with Mr. Lindsay's resignation, he and the Company entered into a Separation and Release Agreement, dated October 11, 2023 (the "Separation Agreement"), pursuant to which Mr. Lindsay will receive, upon execution of a customary release, a lump sum cash payment of $119,516, which is equal to two (2) months of the cash portion of Mr. Lindsay's current base salary, plus an additional amount relating to accrued paid time off. The Separation Agreement is subject to customary confidentiality, non-disparagement and other provisions. The Separation Agreement also provides that Mr. Lindsay and the Company will enter into a consulting agreement covering the period through October 31, 2023, during which Mr. Lindsay will be available to provide consulting services to the Company on an as needed basis for a lump sum payment of $33,242, payable within thirty (30) days after the date of the consulting agreement.

This description of the Separation Agreement is only a summary of the terms and provisions thereof and is qualified in its entirety by the full text of the Separation Agreement, which is attached hereto as Exhibit 99.1.

On October 12, 2023, the Company announced the appointment of Kudjo Sogadzi, the Company's current Chief Operating Officer as interim President of the Company.