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Nexstar Broadcasting Chooses C. Thomas McMillen for Board of Directors [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Nexstar Broadcasting Group said that the Board of Directors has elected C. Thomas McMillen to serve on the Company's Board of Directors, as a Class I Director, to replace Royce Yudkoff who has resigned his position on the Board. According to a company release, McMillen satisfies the standards for director independence under the applicable rules of the SEC and the NASDAQ as well as the Company's Corporate Governance Guidelines. Reflecting the changes, Nexstar's Board continues to have seven members, six of whom satisfy the standards for director independence under NASDAQ listing rules. C. Thomas McMillen has over 27 years of political, business and sports experience and leadership and is currently the Chairman and Chief Executive Officer of Washington Capital Advisors, an investment firm. He is also a director of the RCS Capital, a publicly traded investment bank and broker-dealer and serves on the advisory board of Clean Energy Systems, a clean coal technology firm, Integrity Global Security, a cyber security firm and the Association for Rare Earth. McMillen served three consecutive terms in the U.S. House of Representatives from the Fourth Congressional District of Maryland from 1987 to 1993, and was named by President Clinton to co-chair of the President's Council on Physical Fitness and Sports in 1993, a position he held until December 1997. Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Broadcasting Group, commented on the appointment, "Tom brings a diverse range of relevant industry and political and legislative experience to the Nexstar Broadcasting board. He has an impressive record of accomplishment as a Congressman and in the telecommunications industry and has distinguished career in sports both as a competitor and as an advocate for physical fitness. We look forward to benefiting from his experience and knowledge as we continue to pursue strategies to further broaden the reach and diversify of our operations by delivering exceptional local and network programming and online content and service in our markets for the benefit of viewers while creating an even stronger marketing platform for local businesses. "On behalf of the entire Board, I'd like to express my gratitude to Royce for his eighteen years of service as a director. Royce served during a period of rapid growth and development for Nexstar following its formation in 1996 and we wish him all the best in his current and future endeavors." Nexstar Broadcasting Group is a media company. ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |