AG˹ٷ

STOCK TITAN

[8-K] TOWNSQUARE MEDIA, INC. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Rigel Pharmaceuticals filed a Form S-8 to register 825,000 additional common shares for issuance under its employee equity plans: 125,000 shares for the Inducement Plan and 700,000 shares for the 2018 Equity Incentive Plan. The filing relies on General Instruction E, incorporating prior S-8s by reference and therefore only covers the incremental shares. No new financial statements or business updates are provided; the document simply expands the share pool available for recruiting, retention and general employee compensation purposes. Standard exhibits include the legal opinion, audit consent, and updated plan documents. The registration may result in modest dilution when shares are issued, but enables the company to continue using equity incentives without immediate cash impact.

Rigel Pharmaceuticals ha depositato un Modulo S-8 per registrare 825.000 azioni ordinarie aggiuntive da emettere nell'ambito dei suoi piani azionari per i dipendenti: 125.000 azioni per il Piano di Incentivazione e 700.000 azioni per il Piano di Incentivi Azionari 2018. La registrazione si basa sull'Istruzione Generale E, incorporando per riferimento precedenti moduli S-8 e coprendo quindi solo le azioni incrementali. Non vengono forniti nuovi bilanci o aggiornamenti aziendali; il documento si limita ad ampliare il numero di azioni disponibili per il reclutamento, la fidelizzazione e la compensazione generale dei dipendenti. Gli allegati standard includono il parere legale, il consenso della revisione contabile e i documenti aggiornati dei piani. La registrazione può comportare una diluizione modesta al momento dell'emissione delle azioni, ma consente all'azienda di continuare a utilizzare incentivi azionari senza un impatto immediato in contanti.

Rigel Pharmaceuticals presentó un Formulario S-8 para registrar 825,000 acciones comunes adicionales para su emisión bajo sus planes de acciones para empleados: 125,000 acciones para el Plan de Inducción y 700,000 acciones para el Plan de Incentivos de Capital 2018. La presentación se basa en la Instrucción General E, incorporando por referencia formularios S-8 anteriores y por lo tanto solo cubre las acciones incrementales. No se proporcionan nuevos estados financieros ni actualizaciones comerciales; el documento simplemente amplía el número de acciones disponibles para reclutamiento, retención y compensación general de empleados. Los anexos estándar incluyen la opinión legal, el consentimiento de auditoría y documentos actualizados del plan. El registro puede resultar en una dilución modesta cuando se emitan las acciones, pero permite a la empresa continuar utilizando incentivos en acciones sin un impacto inmediato en efectivo.

리겔 제약(Rigel Pharmaceuticals)은 직원 주식 계획� 따라 추가� 825,000�� 보통주를 발행하기 위해 Form S-8� 제출했습니다: 유인 계획� 125,000�, 2018� 주식 인센티브 계획� 700,000주입니다. � 제출은 일반 지� E� 근거� 하며 이전 S-8� 참조� 포함하여 증분 주식만을 다룹니다. 새로� 재무제표� 사업 업데이트� 제공되지 않으�, 단순� 직원 채용, 유지 � 일반 보상 목적으로 사용� 주식 풀� 확장하는 내용입니�. 표준 부� 문서로는 법률 의견�, 감사 동의�, 업데이트� 계획 문서가 포함되어 있습니다. 주식 발행 � 소폭� 희석 효과가 있을 � 있으�, 회사가 즉각적인 현금 영향 없이 주식 인센티브� 계속 사용� � 있게 합니�.

Rigel Pharmaceuticals a déposé un formulaire S-8 pour enregistrer 825 000 actions ordinaires supplémentaires à émettre dans le cadre de ses plans d'actions pour les employés : 125 000 actions pour le Plan d'Incitation et 700 000 actions pour le Plan d'Incitation en Actions 2018. Le dépôt s'appuie sur l'Instruction Générale E, incorporant par référence les précédents formulaires S-8 et couvre donc uniquement les actions supplémentaires. Aucun nouvel état financier ni mise à jour commerciale n'est fourni ; le document se contente d'élargir le nombre d'actions disponibles pour le recrutement, la fidélisation et la rémunération générale des employés. Les annexes standard incluent l'avis juridique, le consentement de l'auditeur et les documents mis à jour des plans. L'enregistrement peut entraîner une dilution modérée lors de l'émission des actions, mais permet à la société de continuer à utiliser les incitations en actions sans impact immédiat en trésorerie.

Rigel Pharmaceuticals hat ein Formular S-8 eingereicht, um 825.000 zusätzliche Stammaktien zur Ausgabe im Rahmen seiner Mitarbeiterbeteiligungspläne zu registrieren: 125.000 Aktien für den Anreizplan und 700.000 Aktien für den Equity Incentive Plan 2018. Die Einreichung basiert auf der Allgemeinen Anweisung E, die frühere S-8-Formulare durch Verweis einbezieht und daher nur die zusätzlichen Aktien abdeckt. Es werden keine neuen Finanzberichte oder Unternehmensupdates bereitgestellt; das Dokument erweitert lediglich den Aktienpool für Rekrutierung, Mitarbeiterbindung und allgemeine Vergütungszwecke. Standardexponate umfassen die Rechtsmeinung, die Zustimmung des Wirtschaftsprüfers und aktualisierte Planunterlagen. Die Registrierung kann bei Ausgabe der Aktien zu einer moderaten Verwässerung führen, ermöglicht dem Unternehmen jedoch die weitere Nutzung von Aktienanreizen ohne unmittelbare Barbelastung.

Positive
  • Supports talent acquisition and retention by ensuring sufficient share reserves for inducement and incentive grants.
  • No immediate cash outlay, preserving liquidity while compensating employees.
Negative
  • Potential dilution of up to 825,000 shares once awards vest and are exercised.
  • Equity overhang increases, which can pressure per-share metrics if future grants accelerate.

Insights

TL;DR: Routine S-8 adds 825k shares; modest dilution, preserves hiring and retention flexibility.

The filing is procedural, registering roughly 825k new shares (�1% of Rigel’s 86 M share count at 6-Aug-25) for two existing plans. That size will have immaterial EPS impact unless fully issued at once. Nevertheless, equity supply expands the overhang from incentive plans to about 13 M shares, a factor investors track when modeling dilution. From a governance view, the incremental shares were already approved, so no shareholder vote is required. Overall, positive for talent strategy, slightly negative for dilution, net neutral for valuation today.

Rigel Pharmaceuticals ha depositato un Modulo S-8 per registrare 825.000 azioni ordinarie aggiuntive da emettere nell'ambito dei suoi piani azionari per i dipendenti: 125.000 azioni per il Piano di Incentivazione e 700.000 azioni per il Piano di Incentivi Azionari 2018. La registrazione si basa sull'Istruzione Generale E, incorporando per riferimento precedenti moduli S-8 e coprendo quindi solo le azioni incrementali. Non vengono forniti nuovi bilanci o aggiornamenti aziendali; il documento si limita ad ampliare il numero di azioni disponibili per il reclutamento, la fidelizzazione e la compensazione generale dei dipendenti. Gli allegati standard includono il parere legale, il consenso della revisione contabile e i documenti aggiornati dei piani. La registrazione può comportare una diluizione modesta al momento dell'emissione delle azioni, ma consente all'azienda di continuare a utilizzare incentivi azionari senza un impatto immediato in contanti.

Rigel Pharmaceuticals presentó un Formulario S-8 para registrar 825,000 acciones comunes adicionales para su emisión bajo sus planes de acciones para empleados: 125,000 acciones para el Plan de Inducción y 700,000 acciones para el Plan de Incentivos de Capital 2018. La presentación se basa en la Instrucción General E, incorporando por referencia formularios S-8 anteriores y por lo tanto solo cubre las acciones incrementales. No se proporcionan nuevos estados financieros ni actualizaciones comerciales; el documento simplemente amplía el número de acciones disponibles para reclutamiento, retención y compensación general de empleados. Los anexos estándar incluyen la opinión legal, el consentimiento de auditoría y documentos actualizados del plan. El registro puede resultar en una dilución modesta cuando se emitan las acciones, pero permite a la empresa continuar utilizando incentivos en acciones sin un impacto inmediato en efectivo.

리겔 제약(Rigel Pharmaceuticals)은 직원 주식 계획� 따라 추가� 825,000�� 보통주를 발행하기 위해 Form S-8� 제출했습니다: 유인 계획� 125,000�, 2018� 주식 인센티브 계획� 700,000주입니다. � 제출은 일반 지� E� 근거� 하며 이전 S-8� 참조� 포함하여 증분 주식만을 다룹니다. 새로� 재무제표� 사업 업데이트� 제공되지 않으�, 단순� 직원 채용, 유지 � 일반 보상 목적으로 사용� 주식 풀� 확장하는 내용입니�. 표준 부� 문서로는 법률 의견�, 감사 동의�, 업데이트� 계획 문서가 포함되어 있습니다. 주식 발행 � 소폭� 희석 효과가 있을 � 있으�, 회사가 즉각적인 현금 영향 없이 주식 인센티브� 계속 사용� � 있게 합니�.

Rigel Pharmaceuticals a déposé un formulaire S-8 pour enregistrer 825 000 actions ordinaires supplémentaires à émettre dans le cadre de ses plans d'actions pour les employés : 125 000 actions pour le Plan d'Incitation et 700 000 actions pour le Plan d'Incitation en Actions 2018. Le dépôt s'appuie sur l'Instruction Générale E, incorporant par référence les précédents formulaires S-8 et couvre donc uniquement les actions supplémentaires. Aucun nouvel état financier ni mise à jour commerciale n'est fourni ; le document se contente d'élargir le nombre d'actions disponibles pour le recrutement, la fidélisation et la rémunération générale des employés. Les annexes standard incluent l'avis juridique, le consentement de l'auditeur et les documents mis à jour des plans. L'enregistrement peut entraîner une dilution modérée lors de l'émission des actions, mais permet à la société de continuer à utiliser les incitations en actions sans impact immédiat en trésorerie.

Rigel Pharmaceuticals hat ein Formular S-8 eingereicht, um 825.000 zusätzliche Stammaktien zur Ausgabe im Rahmen seiner Mitarbeiterbeteiligungspläne zu registrieren: 125.000 Aktien für den Anreizplan und 700.000 Aktien für den Equity Incentive Plan 2018. Die Einreichung basiert auf der Allgemeinen Anweisung E, die frühere S-8-Formulare durch Verweis einbezieht und daher nur die zusätzlichen Aktien abdeckt. Es werden keine neuen Finanzberichte oder Unternehmensupdates bereitgestellt; das Dokument erweitert lediglich den Aktienpool für Rekrutierung, Mitarbeiterbindung und allgemeine Vergütungszwecke. Standardexponate umfassen die Rechtsmeinung, die Zustimmung des Wirtschaftsprüfers und aktualisierte Planunterlagen. Die Registrierung kann bei Ausgabe der Aktien zu einer moderaten Verwässerung führen, ermöglicht dem Unternehmen jedoch die weitere Nutzung von Aktienanreizen ohne unmittelbare Barbelastung.

0001499832false00014998322025-08-062025-08-06




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 6, 2025


Townsquare Media, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-36558
27-1996555
(State or other jurisdiction of incorporation or organization)
(Commission file number)
(I.R.S. Employer Identification No.)
One Manhattanville Road,
Suite 202

Purchase,
New York
10577
 (Address of Principal Executive Offices, including Zip Code)

(203) 861-0900
(Registrant's telephone number, including area code)

Not applicable
(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     Soliciting material pursuant to Rule 14a - 12 under the Exchange Act (17 CFR 240.14a-12)
     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, $0.01 par value per shareTSQThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

                                    Emerging growth company    

If an emerging growth company indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    


1


Item 2.02 - Results of Operations and Financial Condition.

On August 6, 2025, Townsquare Media Inc. (the “Company”) issued a press release announcing operating results for the quarter ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

The Company uses the “Equity Investors” section of its website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Investors are urged to monitor the Company’s website for announcements of material information relating to the Company.

Item 9.01 - Financial Statements and Exhibits

    (d) Exhibits

Exhibit No.Description
99.1
Press release, dated August 6, 2025
104Cover Page Interactive Data File (cover page XBRL tags are embedded within the Inline XBRL document).
2


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: August 6, 2025
TOWNSQUARE MEDIA, INC.
By:/s/ Stuart Rosenstein
Name:Stuart Rosenstein
Title:Executive Vice President and Chief Financial Officer



3

FAQ

How many new shares is Rigel Pharmaceuticals (RIGL) registering?

The Form S-8 covers 825,000 additional common shares: 125,000 for the Inducement Plan and 700,000 for the 2018 Equity Incentive Plan.

Why did Rigel file this Form S-8?

To increase the share pool available for employee equity awards under existing compensation plans.

Does the filing affect Rigel’s cash position?

No. Equity issuance is a non-cash form of compensation; there is no immediate cash impact.

Will this S-8 cause shareholder dilution?

Yes, up to 825,000 shares may dilute existing holders when granted and settled, but the effect is modest relative to total shares outstanding.

Is shareholder approval required for these additional shares?

No. The shares were previously authorized; Form S-8 merely registers them for issuance.
Townsquare Media Inc

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