比斯利广播 2024年度报告

(Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31,2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto _______________________Commission File Number:000-29253 BEASLEY BROADCAST GROUP, INC. (Exact name of registrant as specified in its charter) 65-0960915(I.R.S. EmployerIdentification No.) Delaware(State or other jurisdiction ofincorporation or organization) 3033 Riviera Drive,Suite 200Naples,Florida34103(Address of principal executive offices and Zip Code)(239)263-5000(Registrant’s telephone number, including area code)Securities Registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes¨NoxIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes¨Nox Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.YesxNo¨Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNo¨Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☐Non-accelerated filer☒Emerging growth company☐ Accelerated filer☐Smaller reporting company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.¨ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.¨Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).¨ As of June 28, 2024, the aggregate market value of the Class A Common Stock held by non-affiliates of the registrant was $6,276,534based on the number ofshares outstanding as of such date and the closing price of $13.20 on NASDAQ’s National Market System on such date, the last business day of our most recentlycompleted second fiscal quarter.Class A Common Stock, $.001 par value,959,214Shares Outstanding as of March 18, 2025 Class B Common Stock, $.001 par value,833,137Shares Outstanding as of March 18, 2025Documents Incorporated by Reference Certain information in the registrant’s Definitive Proxy Statement on Schedule 14A for its 2025 Annual Meeting of Stockholders, is incorporated by reference in Part III of this report. BEASLEY BROADCAST GROUP, INC.ANNUAL REPORT ON FORM 10-KFOR THE YEAR ENDED DECEMBER 31, 2024TABLE OF CONTENTS Part I—Financial Information Item 1.Business.Item 1A.Risk Factors.Item 1B.Unresolved Staff Comments.Item 1C.Cybersecurity.Item 2.Properties.Item 3.Legal Proceedings.Item 4.Mine Safety Disclosures. Part II—Other InformationItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.23Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.24Item 7A.Quantitative and Qualitative Disclosures About Market Risk.33Item 8.Financial Statements and Supplementary Data.34Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.61Item 9A.Controls and Procedures.61Item 9B.Other Information.62Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.62 Part IIIItem 10.Directors, Executive Officers and Corporate Governance. 63Item 11.Executive Compensation.63Item 12.Se