SEC Info - Beasley Broadcast Group Inc. - ‘10-K’ for 12/31/23

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Beasley Broadcast Group Inc. – ‘10-K’ for 12/31/23 – ‘EX-31.1’

On: Friday, 2/16/24, at 4:07pm ET · For: 12/31/23 · Accession #: 950170-24-16348 · File #: 0-29253

Previous ‘10-K’: ‘10-K’ on 3/27/23 for 12/31/22 · Latest ‘10-K’: This Filing · 12 References:

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/16/24  Beasley Broadcast Group Inc.      10-K       12/31/23  115:11M                                    Donnelley … Solutions/FA

Annual Report — Form 10-K — SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.40M 
 2: EX-21.1     Subsidiaries List                                   HTML     31K 
 3: EX-23.1     Consent of Expert or Counsel                        HTML     33K 
 8: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     47K 
                Awarded Compensation                                             
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     37K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     37K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     34K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     33K 
10: R1          Cover Page                                          HTML    107K 
11: R2          Consolidated Balance Sheets                         HTML    148K 
12: R3          Consolidated Balance Sheets (Parenthetical)         HTML     56K 
13: R4          Consolidated Statements of Comprehensive Loss       HTML    125K 
14: R5          Consolidated Statements of Comprehensive Loss       HTML     38K 
                (Parenthetical)                                                  
15: R6          Consolidated Statements of Stockholders' Equity     HTML     82K 
16: R7          Consolidated Statements of Cash Flows               HTML    124K 
17: R8          Pay vs Performance Disclosure                       HTML     44K 
18: R9          Insider Trading Arrangements                        HTML     38K 
19: R10         Nature of Business                                  HTML     36K 
20: R11         Summary of Significant Accounting Policies          HTML     82K 
21: R12         Acquisitions and Dispositions                       HTML     72K 
22: R13         Property and Equipment                              HTML     69K 
23: R14         FCC Licenses                                        HTML     72K 
24: R15         Goodwill                                            HTML     62K 
25: R16         Other Intangibles                                   HTML    107K 
26: R17         Other Current Liabilities                           HTML     51K 
27: R18         Long-Term Debt                                      HTML     52K 
28: R19         Leases                                              HTML     71K 
29: R20         Employee Benefit Plans                              HTML    168K 
30: R21         Stockholders' Equity                                HTML     42K 
31: R22         Revenue                                             HTML     74K 
32: R23         Stock-Based Compensation                            HTML     61K 
33: R24         Income Taxes                                        HTML    126K 
34: R25         Loss Per Share                                      HTML     54K 
35: R26         Related Party Transactions                          HTML     60K 
36: R27         Commitments and Contingencies                       HTML     46K 
37: R28         Financial Instruments                               HTML     36K 
38: R29         Segment Information                                 HTML    190K 
39: R30         Valuation and Qualifying Accounts                   HTML     53K 
40: R31         Summary of Significant Accounting Policies          HTML    140K 
                (Policies)                                                       
41: R32         Summary of Significant Accounting Policies          HTML     47K 
                (Tables)                                                         
42: R33         Acquisitions and Dispositions (Tables)              HTML     84K 
43: R34         Property and Equipment (Tables)                     HTML     66K 
44: R35         FCC Licenses (Tables)                               HTML     66K 
45: R36         Goodwill (Tables)                                   HTML     64K 
46: R37         Other Intangibles (Tables)                          HTML    109K 
47: R38         Other Current Liabilities (Tables)                  HTML     50K 
48: R39         Long-Term Debt (Tables)                             HTML     45K 
49: R40         Leases (Tables)                                     HTML     72K 
50: R41         Employee Benefit Plans (Tables)                     HTML    186K 
51: R42         Revenue (Tables)                                    HTML     70K 
52: R43         Stock-Based Compensation (Tables)                   HTML     56K 
53: R44         Income Taxes (Tables)                               HTML    125K 
54: R45         Loss Per Share (Tables)                             HTML     51K 
55: R46         Commitments and Contingencies (Tables)              HTML     43K 
56: R47         Segment Information (Tables)                        HTML    185K 
57: R48         Nature of Business - Additional Information         HTML     34K 
                (Detail)                                                         
58: R49         Summary of Significant Accounting Policies -        HTML     40K 
                Summary of Credit Losses on Accounts Receivable                  
                (Details)                                                        
59: R50         Summary of Significant Accounting Policies -        HTML     53K 
                Additional Information (Detail)                                  
60: R51         Acquisitions and Dispositions - Additional          HTML     84K 
                Information (Detail)                                             
61: R52         Acquisitions and Dispositions - Schedule Of Loss    HTML     39K 
                On Termination (Details)                                         
62: R53         Acquisitions and Dispositions - Summary of Asset    HTML     42K 
                Allocation Based on Fair Value (Detail)                          
63: R54         Acquisitions and Dispositions - Schedule of         HTML     55K 
                Assumptions Used in Valuation of FCC Licenses                    
                (Detail)                                                         
64: R55         Acquisitions and Dispositions - Schedule of         HTML     45K 
                Purchase Price Allocation (Detail)                               
65: R56         Property and Equipment - Summary of Property and    HTML     64K 
                Equipment (Detail)                                               
66: R57         Property and Equipment - Additional Information     HTML     34K 
                (Detail)                                                         
67: R58         FCC Licenses - Carrying Amount of Broadcasting      HTML     48K 
                Licenses (Detail)                                                
68: R59         FCC Licenses - Discounted Cash Flow Analyses        HTML     47K 
                (Detail)                                                         
69: R60         FCC Licenses - Additional Information (Detail)      HTML     49K 
70: R61         Goodwill - Additional Information (Detail)          HTML     39K 
71: R62         Goodwill - Summary of Carrying Amount of Goodwill   HTML     43K 
                (Detail)                                                         
72: R63         Goodwill - Summary of Key Assumptions Used in the   HTML     69K 
                Discounted Cash Flow Analyses (Detail)                           
73: R64         Other Intangibles - Summary of Other Intangibles    HTML     65K 
                Acquired (Detail)                                                
74: R65         Other Intangibles - Additional Information          HTML     41K 
                (Detail)                                                         
75: R66         Other Intangibles - Summary of ??the key            HTML     52K 
                assumptions used in the discounted cash flow                     
                analyses (Detail)                                                
76: R67         Other Intangibles - Summary of Estimated Future     HTML     47K 
                Amortization Expense Related to Intangible Assets                
                (Detail)                                                         
77: R68         Other Current Liabilities - Summary of Other        HTML     44K 
                Current Liabilities (Detail)                                     
78: R69         Long-Term Debt - Summary of Long-Term Debt          HTML     42K 
                (Detail)                                                         
79: R70         Long-Term Debt - Additional Information (Detail)    HTML     58K 
80: R71         Leases - Summary Of Lease Cost (Detail)             HTML     49K 
81: R72         Leases - Summary Of Future Minimum Payments         HTML     49K 
                (Detail)                                                         
82: R73         Employee Benefit Plans - Additional Information     HTML     53K 
                (Detail)                                                         
83: R74         Employee Benefit Plans - Summary of Change in       HTML     44K 
                Benefit Obligation (Detail)                                      
84: R75         Employee Benefit Plans - Summary of Change in Plan  HTML     46K 
                Assets (Detail)                                                  
85: R76         Employee Benefit Plans - Summary of Amounts         HTML     41K 
                Recognized in Statement of Financial Position                    
                (Detail)                                                         
86: R77         Employee Benefit Plans - Summary of Amounts         HTML     39K 
                Recognized in Accumulated Other Comprehensive                    
                Income (Detail)                                                  
87: R78         Employee Benefit Plans - Summary of Information     HTML     38K 
                for Pension Plans With Accumulated Benefit                       
                Obligation in Excess of Plan Assets (Detail)                     
88: R79         Employee Benefit Plans - Summary of                 HTML     39K 
                Weighted-Average Assumptions for Disclosure                      
                (Detail)                                                         
89: R80         Employee Benefit Plans - Summary of Components of   HTML     42K 
                Net Periodic Benefit Cost and Other Amounts                      
                Recognized in Other Comprehensive Income (Detail)                
90: R81         Employee Benefit Plans - Summary of Other Changes   HTML     45K 
                in Plan Assets and Benefit Obligations Recognized                
                in Other Comprehensive Income (Detail)                           
91: R82         Employee Benefit Plans - Summary of Amounts         HTML     40K 
                Expected to be Recognized in Net Periodic Cost in                
                Coming Year (Detail)                                             
92: R83         Employee Benefit Plans - Summary of                 HTML     44K 
                Weighted-Average Assumptions Used to Determine Net               
                Periodic Benefit Cost (Detail)                                   
93: R84         Employee Benefit Plans - Summary of Estimated       HTML     48K 
                Future Benefit Payments (Detail)                                 
94: R85         Stockholders' Equity - Additional Information       HTML     44K 
                (Detail)                                                         
95: R86         Revenue - Composition of Revenue (Detail)           HTML     45K 
96: R87         Revenue - Deferred Revenue (Detail)                 HTML     33K 
97: R88         Revenue - Trade Sale Revenue (Detail)               HTML     36K 
98: R89         Stock-Based Compensation - Additional Information   HTML     55K 
                (Detail)                                                         
99: R90         Stock-Based Compensation - Restricted Stock Units   HTML     63K 
                (Detail)                                                         
100: R91         Income Taxes - Schedule of Income Tax Expense       HTML     53K  
                (Benefit) (Detail)                                               
101: R92         Income Taxes - Additional Information (Detail)      HTML     35K  
102: R93         Income Taxes - Schedule of Income Tax Expense       HTML     49K  
                (Benefit), Federal Statutory Rate (Detail)                       
103: R94         Income Taxes - Schedule of Components of Deferred   HTML     67K  
                Tax Assets and Liabilities (Detail)                              
104: R95         Loss Per Share - Schedule of Net Income Per Share   HTML     56K  
                (Detail)                                                         
105: R96         Loss Per Share - Additional information (Detail)    HTML     36K  
106: R97         Related Party Transactions - Additional             HTML     92K  
                Information (Detail)                                             
107: R98         Commitments and Contingencies - Future Minimum      HTML     44K  
                Payments to Third Parties for the Next Five Years                
                and Thereafter (Detail)                                          
108: R99         Financial Instruments - Additional Information      HTML     36K  
                (Detail)                                                         
109: R100        Segment Information - Summary of Reportable         HTML     86K  
                Segment Information (Detail)                                     
110: R101        Schedule I - Valuation and Qualifying Accounts      HTML     39K  
                (Detail)                                                         
112: XML         IDEA XML File -- Filing Summary                      XML    216K  
115: XML         XBRL Instance -- bbgi-20231231_htm                   XML   2.72M  
111: EXCEL       IDEA Workbook of Financial Report Info              XLSX    186K  
 9: EX-101.SCH  XBRL Taxonomy Extension Schema With Embedded         XSD   4.83M 
                Linkbases Document -- bbgi-20231231                              
113: JSON        XBRL Instance as JSON Data -- MetaLinks              698±  1.04M  
114: ZIP         XBRL Zipped Folder -- 0000950170-24-016348-xbrl      Zip    432K

‘EX-31.1’ — Certification — §302 – SOA’02

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Caroline Beasley, certify that:

I have reviewed this annual report on Form 10-K of Beasley Broadcast Group, Inc.;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Dated: February 16, 2024		/s/ *Caroline Beasley*
	Title:	Chief Executive Officer

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed on:	2/16/24	4
For Period end:	12/31/23	4
		List all Filings

12 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/24/21  Beasley Broadcast Group Inc.      8-K:5,9     9/20/21   14:575K                                   Donnelley … Solutions/FA
 3/05/21  Beasley Broadcast Group Inc.      8-K:1,2,9   3/01/21    2:77K                                    Donnelley … Solutions/FA
 2/02/21  Beasley Broadcast Group Inc.      8-K:1,2,9   2/02/21    2:1M                                     Donnelley … Solutions/FA
 2/21/20  Beasley Broadcast Group Inc.      10-K       12/31/19  110:7.6M                                   Donnelley … Solutions/FA
 1/25/18  Beasley Broadcast Group Inc.      8-K:5,9     1/23/18    2:68K                                    Donnelley … Solutions/FA
11/04/16  Beasley Broadcast Group Inc.      8-K:1,2,3,511/01/16    8:2.3M                                   Donnelley … Solutions/FA
 7/20/16  Beasley Broadcast Group Inc.      8-K:1,3,5,7 7/19/16    4:2.2M                                   Donnelley … Solutions/FA
 5/25/12  Beasley Broadcast Group Inc.      8-K:5,9     5/23/12    2:98K                                    Donnelley … Solutions/FA
 4/11/12  Beasley Broadcast Group Inc.      DEF 14A     5/23/12    1:345K                                   Donnelley … Solutions/FA
 4/27/07  Beasley Broadcast Group Inc.      DEF 14A     5/31/07    1:762K                                   Donnelley … Solutions/FA
 5/27/04  Beasley Broadcast Group Inc.      S-8         5/27/04    4:57K                                    Donnelley … Solutions/FA
 2/11/00  Beasley Broadcast Group Inc.      S-1/A                 22:2.1M                                   Bowne - DC/FA

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Filing Submission 0000950170-24-016348 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)