Posted: 06/03/2025 03:10 am
Beasley Broadcast Group, Inc. (NASDAQ: BBGI), a key player in the radio broadcasting industry, has seen significant changes in its executive compensation structure over the past years, reflecting the firm's strategic priorities and economic environment challenges. The company, which recently reported a Q1 2025 revenue of $48.9 million—a crucial update given the fluctuating market conditions—continues to navigate these financial waters under the leadership of its top executives.
At the helm, Caroline Beasley, Chief Executive Officer, received a total compensation package worth approximately $1.84 million in 2024. This figure includes a base salary of $1,230,973, amplified by stock awards of $289,500 and incentive plan compensation totaling $283,500. Additional benefits, categorized under 'all other compensation,' amount to $36,021. Notably, there was no bonus or option award recorded for her that year. This comprehensive package reflects the leadership role she plays in steering the company through both growth opportunities and industry challenges.[1]
Significantly, Caroline Beasley's compensation marks a new era in the company's financial direction, especially when compared to the compensation trends seen in previous years. Back in 2023, Brian E. Beasley, the Chief Operating Officer, was compensated $1,095,745, which was a combination of a $619,912 salary and $405,000 in incentive plan compensation, with additional 'all other' compensations and no stock or option awards.[2] This pattern of compensation continues the strategy of incentivizing executives without traditional bonuses, aligning more with long-term company objectives through incentive plans and stock awards.
Historically, Bruce G. Beasley, the current President, received a total of $916,994 in 2022. His salary then was $559,191 with incentive plan compensation making up $300,000, and other compensation adding $57,803 to his package. Like his contemporaries, stock and option awards were not part of his compensation structure at that time.[3] This approach to executive compensation reflects the broader industry trend of aligning pay with performance and encouraging sustainable company growth.
These figures are critical when juxtaposed against Beasley Broadcast Group’s recent market valuation; BBGI is currently trading at $4.456, close to its year low of $4.4202, a significant fall from its year high of $14.95.[5] The stock's performance indicates the volatility within the radio broadcasting sector, influenced by both internal strategic moves and external economic pressures. However, the company's willingness to reward leadership through stock awards and incentive plans suggests a focus on long-term stability and growth.
Beasley Broadcast Group continues to adapt to prevailing economic trends while maintaining its commitment to recognizing the strategic contributions of its executives through carefully structured compensation plans. These decisions are intimately tied to their operational performance, as evidenced in their quarterly earnings reports.[4] The continued focus on creative and strategic compensatory packaging is viewed as crucial for the company to navigate the complex dynamics of today's media industry.
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1. SEC Filing, 2024 Executive Compensation Data, Beasley Broadcast Group, Inc., accessed via [SEC.gov](https://www.sec.gov/Archives/edgar/data/1099160/000095017025060086/0000950170-25-060086-index.htm).
2. SEC Filing, 2023 Executive Compensation Data, Beasley Broadcast Group, Inc., accessed via [SEC.gov](https://www.sec.gov/Archives/edgar/data/1099160/000119312524097040/0001193125-24-097040-index.htm).
3. SEC Filing, Historical Executive Compensation Data, Beasley Broadcast Group, Inc., accessed via [SEC.gov](https://www.sec.gov/Archives/edgar/data/1099160/000119312523104230/0001193125-23-104230-index.htm).
4. Beasley Broadcast Group Reports First Quarter Revenue, accessed via [PRNewswire.com](https://www.prnewswire.com/news-releases/beasley-broadcast-group-reports-first-quarter-revenue-of-48-9-million-302447849.html).
5. Current Market Performance of BBGI, accessed via [NASDAQ](https://www.nasdaq.com).
