Jokes from their form 10-k
As of February 16, 2022, we had a staff of 811 full-time employees and 349 part-time employees. We are a party to two separate collective bargaining agreements with the American Federation of Television and Radio Artists. Both agreements automatically renew for successive one-year periods unless either party gives a notice of proposed termination at least sixty days prior to a renewal date. We are also a party to a collective bargaining agreement with the United Electrical, Radio and Machine Workers of America Local 262. This agreement applies only to certain of our employees at one radio station in Boston. The initial term of the collective bargaining agreement expired on July 16, 2021 however, it automatically renews for successive one-year periods unless either party gives a notice of proposed modification or termination at least sixty days prior to the expiration date or a subsequent renewal date.
We consider our relations with our employees to be good.
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We have debt that is substantial in relation to our equity.
As of December 31, 2021, we had long-term debt of $300.0 million and equity of $263.1 million. Our long-term debt is substantial in amount and could have an impact on you.
Our business depends upon the continued efforts, abilities and expertise of our executive officers and other key employees. The unique combination of skills and experience possessed by our key executives would be difficult to replace, and the loss of a key executive could impair our ability to execute our operating and acquisition strategies.
In addition, we compete for creative and performing on-air talent with other radio stations and radio station groups, radio networks, and other providers of syndicated content and other media such as broadcast television, cable television, satellite television, the internet, podcast producers and satellite radio.
Our ability to attract and retain key personnel is an important aspect of our competitiveness. Our employees and other on-air talent are subject to change and may be lost to competitors or for other reasons. Any adverse changes in particular programs, formats or on-air talent could have a material adverse effect on our ratings and our ability to attract advertisers, which would negatively impact our business, financial condition or results of operations.
As Chief Executive Officer at BEASLEY BROADCAST GROUP INC, Caroline Beasley made $2,889,133 in total compensation. Of this total $1,244,907 was received as a salary, $1,250,000 was received as a bonus, $0 was received in stock options, $369,500 was awarded as stock and $24,726 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year.
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