leadership
confidence high
sentiment neutral
materiality 0.55
Saga Communications appoints new director, board expands to 8; COO gets change-in-control agreement
SAGA COMMUNICATIONS INC
- Board increased from 7 to 8; appointed Gregory D. Sutherland (age 66) as director, effective immediately.
- Sutherland previously Senior Partner at Ernst & Young, Strategy Consulting Practice Leader; holds MBA from Wharton.
- Wayne Leland, SVP/COO, entered Change in Control Agreement: lump sum of 1.5x avg last 3 years salary+bonus upon change in control, with gross-up.
- Company intends to return board to 7 members at 2026 annual meeting; earlier added Michael Scafidi this year.