LOS ANGELES — Salem Media Group has scheduled its annual meeting of stockholders on Wednesday, May 6 at 9:30am Pacific at the media company’s headquarters in Camarillo, Calif.
Salem, which specializes in Christian-themed media and Conservative secular Talk radio programming, also announced the record date applicable for the voting of shares at the Annual Meeting to be March 11, 2020.
The announcement follows news that Salem’s Board of Directors has declared a cash distribution for the first quarter of 2020 in the amount of $0.025 per share.
The cash distribution will be paid to all Class A and Class B common stockholders of record as of March 24.
Salem stock was the lone issue to increase in Wednesday’s trading, rising 8 cents to $1.17.