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: November 7, 2017
(Date of earliest event reported)
THE E.W. SCRIPPS COMPANY
(Exact name of registrant as specified in its charter)
Ohio | 0-16914 | 31-1223339 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) |
312 Walnut Street Cincinnati, Ohio | 45202 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (513) 977-3000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
THE E.W. SCRIPPS COMPANY
INDEX TO CURRENT REPORT ON FORM 8-K
Item No. | Page | |
5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 3 |
9.01 | Financial Statements and Exhibits | 4 |
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The E.W. Scripps Company (the “Company” or “Scripps”) announced that Lisa Knutson was appointed Executive Vice President and Chief Financial Officer (the “CFO”). Ms. Knutson, has been serving as Interim CFO since the departure of Tim Wesolowski in early October. On November 7, 2017, the Company's Board of Directors appointed Ms. Knutson to the position of CFO.
Ms. Knutson, 52, joined Scripps in 2005 and held a variety of roles before taking over the role of Executive Vice President and Chief Strategy Officer. Prior to 2017, Ms. Knutson served as Senior Vice President/Chief Administrative Officer of human resources, where she managed company-wide functions including human resources, information technology, outsourcing governance, project management, corporate communications and The Scripps National Spelling Bee. She also served as the Senior Vice President of human resources where she focused on strategic oversight of all aspects of human resources, including organizational design, performance and succession management, learning and development, compensation, benefits, employee relations, human resources operations and change management. Prior to coming to Scripps in 2005, she had worked most of her career at Fifth Third Bank and at Arthur Anderson, where she developed and oversaw an operating and sales budget for a $105 million multi-office practice and human resources and staffing across nine locations. Ms. Knutson is a Certified Public Accountant and has a bachelor’s degree in accountancy from Miami University.
Ms. Knutson serves as a corporate director for WesBanco, Inc. (WSBC) Wheeling, West Virginia, and is a member of the compensation committee. She also serves on the board of the Cincinnati Regional Chamber and is a member of its Executive Committee.
On November 9, 2017, the Company issued a press release announcing certain of the matters set forth above. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
Exhibit Number | Description of Item | |
99.1 | ||
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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.
THE E.W. SCRIPPS COMPANY | ||
BY: | /s/ Douglas F. Lyons | |
Douglas F. Lyons | ||
Senior Vice President, Controller and Treasurer | ||
(Principal Accounting Officer) | ||
Dated: November 13, 2017
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Exhibit 99.1
Scripps appoints Knutson as CFO
Nov. 9, 2017
CINCINNATI — The E.W. Scripps Company (NYSE: SSP) has appointed its chief strategy officer, Lisa Knutson, as executive vice president and chief financial officer after a four-month, nationwide search.
Knutson, 52, has been serving as interim CFO since the departure of Tim Wesolowski in early October.
Knutson has deep experience in finance, accounting and human resources. Appointed chief strategy officer in August, she had added corporate development to her prior responsibilities as chief administrative officer: leading enterprise-wide strategic planning, consumer insights, human resources, information technology and corporate communications/investor relations. Prior to coming to Scripps in 2005, she had worked most of her career at Fifth Third Bank and at Arthur Anderson, where she developed and oversaw an operating and sales budget for a $105 million multi-office practice and human resources and staffing across nine locations. A certified public accountant, she has a bachelor’s in accountancy from Miami University.
“Lisa has been an instrumental player on our management team for more than a decade,” said Scripps President and CEO Adam Symson. “She served in key roles during the spinoff of Scripps Networks Interactive and the double-spin, double-merge transaction with the former Journal Communications that divested Scripps of newspapers and doubled our broadcast holdings. She is creative and solution-oriented about business strategy, and her strong leadership will help guide the company effectively through this next phase of restructuring and growth.”
The company also has promoted its controller and treasurer, Doug Lyons, to senior vice president, controller and treasurer.
Lyons, 60, has led the company’s accounting operations since the 2008 spinoff of SNI, including the centralization of accounting and finance operations. Most recently, he led the refinancing of the company’s borrowings and financing for the Katz acquisition this summer.
Lyons joined Scripps in 1985 as assistant controller, and prior to his current role also served as director of financial reporting and vice president of finance and administration for the Interactive Media Division. Prior to joining Scripps, he was an audit manager for Deloitte. He graduated from the University of Dayton with a bachelor of science degree in accounting and serves as a member of its School of Business Advisory Council. He is a certified public accountant.
About Scripps
The E.W. Scripps Company (NYSE: SSP) serves audiences and businesses through a growing portfolio of television, radio and digital media brands. With 33 television stations, Scripps is one of the nation’s largest independent TV station owners. Scripps runs an expanding collection of local and national digital journalism and content businesses, including Newsy, the next-generation
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national news network; podcast industry leader Midroll Media; and fast-growing national broadcast networks Bounce, Grit, Escape and Laff. Scripps produces original programming including “Pickler & Ben,” runs an award-winning investigative reporting newsroom in Washington, D.C., and is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, “Give light and the people will find their own way.”
Contact:
Carolyn Micheli, The E.W. Scripps Company, 513-977-3732, Carolyn.micheli@scripps.com
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