Atlanta radio station operator Cumulus Media has awarded Chief Executive Mary Berner a $1.1 million bonus.
Berner received the one-time cash payout “in recognition of, among other things, her exceptional efforts and contributions during 2016,” the company said in a late Friday filing with the Securities and Exchange Commission.
Berner was instrumental “in the initial phase of [the Cumulus] operational turnaround plan and ongoing operational and financial restructuring,” the company said in the filing.
Cumulus shares, down 46 percent in the past 12 months, closed Friday at $1.06, up a penny.
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