Company, Inc., to David C. Kimball. To resolve various financial obligations within the company, Kimball paid Wisdom $725,000 for his 50% and paid Schultz $425,000 for his 50%. The FCC approved the license transfer on April 23, 2004, and the transaction was formally consummated on June 10, 2004. Kimball moved the station to the Eastwood Building in the center of Carmel. In 2009, David C. Kimball declared personal bankruptcy. As part of the resolution of this financial situation, Kimball agree to transfer ownership of Wisdom Broadcasting Company, Inc., to Monterey County Bank. The bank already held a lien on the station's broadcast equipment and other property. The FCC approved the move on November 3, 2009, and the transaction was formally consummated the same day. The bank immediately began to seek a buyer for the station. 2010s In August 2011, the bank applied to the FCC for permission to transfer the KRML broadcast license from Wisdom Broadcasting Company, Inc., to Carmel Valley Athletic Club, Inc. This company is 100% owned by Scot E. McKay. The purchase price from the bank totaled just $150,000, a full million dollars less than David C. Kimball had paid for the station in 2004. (The bank had been asking for as much as $350,000.) Station property purchased include the transmitter building, broadcast tower, the station's license and intellectual properties, plus a 1998 Yamaha C5 conservatory grand piano. Excluded from the sale were the inventory of the jazz store, the Blackhawk music collection, various concert items, and a Hammond B3 organ. The FCC approved the deal on October 18, 2011, and the transaction was formally consummated on November 6, 2011. On October 15, 2012, the jazz format was dropped in favor of stunting as "Radio Yummy", in anticipation of a format change. KRML adopted a ten-song playlist and a new slogan, "Your hits over and over and over again." On Monday, October 29, 2012, Scot McKay explained that "Radio Yummy" was meant to show all that is bad with "corporate radio." He promised that KRML would be live and local and be responsive to the listeners. KRML changed its format to a broad-based adult album alternative format with several lifestyle programs (food and wine, travel, entertainment, local music) on weekends. The jazz format is now online only, at http://www.krml.com. Effective February 14, 2019, licensee CVAC, Inc. changed its name to KRML Radio, LLC. Film appearance In the