{"schema_version":"secwatch.filing_event.v1","accession":"0000058361-26-000046","form_type":"8-K","ticker":"LEE","cik":"0000058361","company_name":"LEE ENTERPRISES, Inc","filed_at":"2026-05-20T21:19:15+00:00","discovered_at":"2026-05-20T21:20:00.288179+00:00","generated_at":"2026-05-20T21:22:02.224368+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Lee Enterprises signs 5-year management agreement to operate Hoffmann Media Group publications","bullets":["Agreement effective June 1, 2026, for 5 years; Lee to manage Hoffmann's newspapers and digital properties across FL, CA, MI, MO, CO and other markets.","Fixed management fee of $135,000 per quarter for existing publications; variable fee of 20% of quarterly EBITDA from future acquisitions.","David Hoffmann, majority shareholder and Chairman, recused from Board vote on related-party deal.","Hoffmann retains revenue and pays shared services at cost; termination allowed if annual EBITDA falls below $1.0 million."],"urls":{"canonical":"https://secwatch.observer/filing/0000058361-26-000046","json":"https://secwatch.observer/filing/0000058361-26-000046.json","markdown":"https://secwatch.observer/filing/0000058361-26-000046.md","text":"https://secwatch.observer/filing/0000058361-26-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/58361/000005836126000046/0000058361-26-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/58361/000005836126000046/lee-20260514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T21:22:02.224368+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}