secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2025-11-21T23:59:59+00:00
Accession:  0000058361-25-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Enterprises CFO Tim Millage resigns to become church pastor; effective Feb 28, 2026
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- CFO Tim Millage will resign effective Feb 28, 2026, to become Executive Pastor at Coram Deo Bible Church.
- Millage will provide consulting through May 31, 2026; separation includes 26 weeks severance and vesting of unvested stock awards.
- Company has initiated a search for a new CFO; Mowbray thanks Millage for his leadership.
- Departure is voluntary and not due to any disagreement with company operations or policies.
- Millage will continue receiving full compensation through consulting period; indemnification survives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000005836125000032/0000058361-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000005836125000032/lee-20251121.htm
  HTML page:      https://secwatch.observer/filing/0000058361-25-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer