Companies Quad/Graphics
Quad/Graphics (QUAD): executive pay, fiscal 2025
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CEO pay, last three years
- $8,510,486FY2023
- $8,180,265FY2024
- $7,910,526FY2025
CEO total pay was $7,910,526 in fiscal 2025, down from $8,180,265 in fiscal 2024.
FY2025: salary $1,163,900 · bonus $0 · stock awards $1,428,687 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| J. Joel Quadracci | $1,163,900 | $0 | $1,428,687 | $0 | $4,723,335 | $0 | $594,604 | $7,910,526 |
| Chairman and Chief Executive Officer | ||||||||
| David Honan | 800,000 | 0 | 500,648 | 0 | 1,972,093 | 0 | 40,204 | 3,312,945 |
| President and Chief Operating Officer | ||||||||
| Anthony Staniak | 650,000 | 0 | 386,215 | 0 | 1,225,849 | 0 | 39,525 | 2,301,589 |
| Chief Financial Officer and Treasurer | ||||||||
| Kelly Vanderboom | 600,000 | 0 | 200,262 | 0 | 964,962 | 0 | 43,061 | 1,808,285 |
| Executive Vice President and Head of Agency Operations | ||||||||
| Dana Gruen | 565,000 | 0 | 200,262 | 0 | 794,566 | 0 | 24,205 | 1,584,033 |
| General Counsel, Corporate Secretary, and Chief Risk & Compliance Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| J. Joel Quadracci | $7,910,526 | $8,180,265 | $8,510,486 | ↓ −269,739 |
| David Honan | 3,312,945 | 3,559,189 | 3,004,611 | ↓ −246,244 |
| Anthony Staniak | 2,301,589 | 2,065,351 | 1,382,359 | ↑ +236,238 |
| Kelly Vanderboom | 1,808,285 | 1,749,396 | 1,779,631 | ↑ +58,889 |
| Dana Gruen | 1,584,033 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation philosophy focuses on structuring compensation arrangements in keeping with its business objectives, emphasizing pay for performance and alignment with shareholder interests. A substantial fraction of NEO total compensation is tied to the operating performance of the Company.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | — |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Kelly Vanderboom | RSU | 2025-01-01 | — | — | 28,732 | — | $200,262 |
| Dana Gruen | RSU | 2025-01-01 | — | — | 28,732 | — | 200,262 |
| David Honan | RSU | 2025-01-01 | — | — | 71,829 | — | 500,648 |
| Anthony Staniak | RSU | 2025-01-01 | — | — | 55,411 | — | 386,215 |
| J. Joel Quadracci | RSU | 2025-02-12 | — | — | 8,209 | — | 55,493 |
| J. Joel Quadracci | RSU | 2025-01-01 | — | — | 197,015 | — | 1,373,194 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Kelly Vanderboom | $200,262 | $0 | $0 | 0.0% |
| Dana Gruen | 200,262 | 0 | 0 | 0.0% |
| David Honan | 500,648 | 0 | 0 | 0.0% |
| Anthony Staniak | 386,215 | 0 | 0 | 0.0% |
| J. Joel Quadracci | 1,428,687 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Dana Gruen | RSU | 103,963 | — | $651,848 |
| Kelly Vanderboom | RSU | 119,891 | — | 751,717 |
| Anthony Staniak | RSU | 194,360 | — | 1,218,637 |
| David Honan | RSU | 337,709 | — | 2,117,435 |
| J. Joel Quadracci | RSU | 880,834 | — | 5,522,829 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Douglas P. ButhIndependent · Audit (Chair) · Compensation · Finance | $142,500 | $123,222 | — | — | $10,000 | $275,722 |
| Jay O. RothmanIndependent · Compensation (Chair) | 137,500 | 123,222 | — | — | 10,000 | 270,722 |
| Christopher B. HarnedNot independent · Finance (Chair) | 134,500 | 123,222 | — | — | 10,000 | 267,722 |
| John C. FowlerNot independent · Compensation | 117,500 | 123,222 | — | — | 20,000 | 260,722 |
| Stephen M. FullerIndependent · Audit | 117,500 | 123,222 | — | — | 10,000 | 250,722 |
| Kathryn Quadracci FloresNot independent · Finance | 117,500 | 123,222 | — | — | 10,000 | 250,722 |
| Melanie A. HuetIndependent · Audit | 117,500 | 123,222 | — | — | 10,000 | 250,722 |
| Beth-Ann EasonIndependent · Compensation | 117,500 | 123,222 | — | — | 10,000 | 250,722 |
| John S. ShielyNot independent · Departed during FY | 88,125 | 0 | — | — | 0 | 88,125 |
| J. Joel QuadracciEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $117,500 |
|---|---|
| Annual equity retainer | $117,500 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 |
| Stock ownership guideline | $4 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,090,125 |
| Equity awards (grant-date value) | $985,776 |
| All other compensation | $90,000 |
| Total cost of the board | $2,165,901 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Quad/Graphics as a peer
Companies that benchmark against QUAD
3 companies name QUAD as a compensation peer
The list of companies that name QUAD as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies Quad/Graphics names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Omnicom Group | 2025 | John Wren | $416,667 | $0 | $69,280,000 | $0 | $69,865,846 |
| 2 | Interpublic Group of Cos. | 2023 | Philippe Krakowsky | 1,500,000 | 6,663,055 | 0 | 6,055,600 | 14,441,360 |
| 3 | Ziff Davis | 2025 | Vivek Shah | 1,000,000 | 10,078,078 | 0 | 656,000 | 11,767,948 |
| 4 | Maximus Inc. | 2025 | Bruce Caswell | 976,923 | 6,862,177 | 0 | 3,300,000 | 11,210,668 |
| 5 | Steelcase | 2025 | Sara Armbruster | 1,031,250 | 6,254,266 | 0 | 2,434,373 | 10,173,889 |
| 6 | Sonoco Products Company | 2025 | R. Howard Coker | 1,248,156 | 6,872,022 | 0 | 1,512,728 | 10,142,078 |
| 7 | Clear Channel Outdoor | 2024 | Scott Wells | 1,100,000 | 7,011,444 | 0 | 1,560,740 | 9,677,184 |
| 8 | Cimpress NV | 2026 | Robert Keane | 1,000,000 | 7,999,972 | 0 | 0 | 8,999,972 |
| 9 | The NY Times Company | 2025 | Meredith Kopit Levien | 995,577 | 5,848,379 | 0 | 1,822,118 | 8,862,362 |
| 10 | Quad/Graphics | 2025 | J. Joel Quadracci | 1,163,900 | 1,428,687 | 0 | 4,723,335 | 7,910,526 |
| 11 | Deluxe Corporation | 2025 | Barry McCarthy | 950,000 | 5,227,467 | 0 | 1,289,340 | 7,537,323 |
| 12 | Stagwell | 2025 | Mark Penn | 1,260,000 | 5,563,730 | 0 | 0 | 7,221,971 |
| 13 | Conduent Inc. | 2025 | Clifford Skelton | 835,000 | 6,001,997 | 0 | 0 | 6,851,997 |
| 14 | John Wiley & Sons, Inc. | 2026 | Matthew Kissner | 900 | 4,237,900 | 0 | 1,273,100 | 6,589,200 |
| 15 | Brady Corporation | 2026 | Vineet Nargolwala | 115,385 | 5,200,069 | 0 | 245,192 | 5,770,770 |
| 16 | Matthews International Corporation | 2025 | Joseph Bartolacci | 1,108,760 | 3,726,575 | 0 | 762,305 | 5,701,016 |
| 17 | Thryv Holdings Inc. | 2025 | Joseph Walsh | 1,060,900 | 3,000,000 | 0 | 1,157,442 | 5,259,837 |
| 18 | Acco Brands Corporation | 2025 | Thomas Tedford | 921,808 | 3,425,889 | — | 110,712 | 4,488,934 |
| 19 | Pitney Bowes Inc. | 2025 | Kurt Wolf | 24,769 | 100,007 | 3,000,000 | 320,351 | 3,573,306 |
| — | Gannett Co., Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Quad/Graphics | not disclosed | Performance-based cash 67 · Restricted stock or restricted stock units 33 | No | FW Cook |
| Acco Brands Corporation | not disclosed | PSU 67 · RSU 33 | No | Meridian |
| Brady Corporation | not disclosed | RSU 50 · PRSU 50 | not disclosed | Pearl Meyer |
| Cimpress NV | not disclosed | PSU 100 | No | not disclosed |
| Clear Channel Outdoor | Between 99% and 129% of individual target opportunities% | RSUs 35 · PSUs 25 | Yes — Relative Total Shareholder Return (TSR) relative to the S&P 600 | Willis Towers Watson |
| Conduent Inc. | not disclosed | PRSU 65 · RSU 35 | Yes — Relative TSR | Frederic W. Cook & Co., Inc. |
| Deluxe Corporation | not disclosed | not disclosed | No | FW Cook |
| Gannett Co., Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Interpublic Group of Cos. | not disclosed | PSU 33 · Performance Cash 33 · RSU 33 | not disclosed | Meridian Compensation Partners, LLC |
| John Wiley & Sons, Inc. | not disclosed | PSU 60 · RSU 40 | not disclosed | FW Cook |
| Matthews International Corporation | 68% | PSU 60 · RSU 40 | No | Pay Governance, LLC |
| Maximus Inc. | 220.0% | PSU 50 · RSU 50 | No | FW Cook |
| Omnicom Group | 130.8% | not disclosed | not disclosed | FW Cook |
| Pitney Bowes Inc. | not disclosed | Option 100 · PSU 60 · RSU 40 | No | Pay Governance |
| Sonoco Products Company | not disclosed | PRSU 60 · RSU 40 | not disclosed | FW Cook |
| Stagwell | 0% | PSU 79 · RSU 21 | No | None |
| Steelcase | 192% | PSU 60 · RSU 40 | Yes — rTSR | Compensation Advisory Partners (CAP) |
| The NY Times Company | 149% | PSU 80 · RSU 20 | Yes | Exequity |
| Thryv Holdings Inc. | 100.0% | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (rTSR) | Lyons Benenson |
| Ziff Davis | 52.1% | RSU 50 · PSU 50 | Yes — Relative TSR | Compensia |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-20 | 150,061,993 | 2,987,029 | 46,372 | 98.05% | Passed |
| 2023 | 2023-05-22 | 149,303,635 | 4,243,486 | 41,825 | 97.24% | Passed |
| 2020 | 2020-05-18 | 151,162,765 | 4,345,179 | 517,883 | 97.21% | Passed |
| 2017 | 2017-05-15 | 157,013,695 | 9,895,979 | 84,791 | 94.07% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-20 | 98.05%a |
| 2023 | 2023-05-22 | 97.24%b |
| 2020 | 2020-05-18 | 97.21%c |
a. Approved under the standard stated in the filing — “Any shares not voted at the Annual Meeting, whether due to abstentions, broker non-votes or otherwise, will not be counted and therefore have no effect on approval of this resolution.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not counted as votes cast and therefore will have no effect on the outcome of the vote.”.
c. Approved under the standard stated in the filing — “2020 Omnibus Incentive Plan "FOR" Majority of Votes Cast Abstentions are counted the same as a vote "against" Broker non-votes are not counted as votes cast and therefore have no effect 3.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (50 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, J. Joel Quadracci. DEF 14A, filed 2026-04-10. Section “2025 SUMMARY COMPENSATION TABLE” · page 33. As printed: 7,910,526. View filing ↗
- Section 01, David Honan. DEF 14A, filed 2026-04-10. Section “2025 SUMMARY COMPENSATION TABLE” · page 33. As printed: 3,312,945. View filing ↗
- Section 01, Anthony Staniak. DEF 14A, filed 2026-04-10. Section “2025 SUMMARY COMPENSATION TABLE” · page 33. As printed: 2,301,589. View filing ↗
- Section 01, Kelly Vanderboom. DEF 14A, filed 2026-04-10. Section “2025 SUMMARY COMPENSATION TABLE” · page 33. As printed: 1,808,285. View filing ↗
- Section 01, Dana Gruen. DEF 14A, filed 2026-04-10. Section “2025 SUMMARY COMPENSATION TABLE” · page 33. As printed: 1,584,033. View filing ↗
- Section 03, Kelly Vanderboom RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Dana Gruen RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
- Section 03, David Honan RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Staniak RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
- Section 03, J. Joel Quadracci RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
- Section 03, J. Joel Quadracci RSU. DEF 14A, filed 2026-04-10. Section “GRANTS OF PLAN BASED AWARDS IN 2025” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-02-18. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Douglas P. Buth. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 275,722. View filing ↗
- Section 08, Jay O. Rothman. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 270,722. View filing ↗
- Section 08, Christopher B. Harned. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 267,722. View filing ↗
- Section 08, John C. Fowler. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 260,722. View filing ↗
- Section 08, Stephen M. Fuller. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 250,722. View filing ↗
- Section 08, Kathryn Quadracci Flores. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 250,722. View filing ↗
- Section 08, Melanie A. Huet. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 250,722. View filing ↗
- Section 08, Beth-Ann Eason. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 250,722. View filing ↗
- Section 08, John S. Shiely. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 88,125. View filing ↗
- Section 08, J. Joel Quadracci. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 98.05% (votes for as printed: 150,061,993). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-05-25. Item 5.07 · say-on-pay result. As reported: 97.24% (votes for as printed: 149,303,635). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-05-21. Item 5.07 · say-on-pay result. As reported: 97.21% (votes for as printed: 151,162,765). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 1,090,125 + equity 985,776 + all other 90,000 = 2,165,901, summed across the director compensation table rows.
- Omnicom Group, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Omnicom Group's own proxy. As printed: 69,865,846. View filing ↗
- Interpublic Group of Cos., Section 10b CEO total. DEF 14A, filed 2024-04-12. CEO total compensation as printed in Interpublic Group of Cos.'s own proxy. As printed: 14,441,360. View filing ↗
- Ziff Davis, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Ziff Davis's own proxy. As printed: 11,767,948. View filing ↗
- Maximus Inc., Section 10b CEO total. DEF 14A, filed 2026-01-22. CEO total compensation as printed in Maximus Inc.'s own proxy. As printed: 11,210,668. View filing ↗
- Steelcase, Section 10b CEO total. DEF 14A, filed 2025-05-28. CEO total compensation as printed in Steelcase's own proxy. As printed: 10,173,889. View filing ↗
- Sonoco Products Company, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Sonoco Products Company's own proxy. As printed: 10,142,078. View filing ↗
- Clear Channel Outdoor, Section 10b CEO total. DEF 14A, filed 2025-04-10. CEO total compensation as printed in Clear Channel Outdoor's own proxy. As printed: 9,677,184. View filing ↗
- Cimpress NV, Section 10b CEO total. DEF 14A, filed 2026-10-27. CEO total compensation as printed in Cimpress NV's own proxy. As printed: 8,999,972. View filing ↗
- The NY Times Company, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in The NY Times Company's own proxy. As printed: 8,862,362. View filing ↗
- Quad/Graphics (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Quad/Graphics's own proxy. As printed: 7,910,526. View filing ↗
- Deluxe Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in Deluxe Corporation's own proxy. As printed: 7,537,323. View filing ↗
- Stagwell, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Stagwell's own proxy. As printed: 7,221,971. View filing ↗
- Conduent Inc., Section 10b CEO total. DEFR 14A, filed 2026-04-06. CEO total compensation as printed in Conduent Inc.'s own proxy. As printed: 6,851,997. View filing ↗
- John Wiley & Sons, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-13. CEO total compensation as printed in John Wiley & Sons, Inc.'s own proxy. As printed: 6,589,200. View filing ↗
- Brady Corporation, Section 10b CEO total. 10-K, filed 2026-09-03. CEO total compensation as printed in Brady Corporation's own proxy. As printed: 5,770,770. View filing ↗
- Matthews International Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-20. CEO total compensation as printed in Matthews International Corporation's own proxy. As printed: 5,701,016. View filing ↗
- Thryv Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Thryv Holdings Inc.'s own proxy. As printed: 5,259,837. View filing ↗
- Acco Brands Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Acco Brands Corporation's own proxy. As printed: 4,488,934. View filing ↗
- Pitney Bowes Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Pitney Bowes Inc.'s own proxy. As printed: 3,573,306. View filing ↗
- Section 10a, Pitney Bowes Inc. reciprocity. DEF 14A. Pitney Bowes Inc. names Quad/Graphics in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Deluxe Corporation reciprocity. DEF 14A. Deluxe Corporation names Quad/Graphics in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Clear Channel Outdoor reciprocity. DEF 14A. Clear Channel Outdoor names Quad/Graphics in its own disclosed peer group (read from its most recent proxy). View filing ↗