{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-121212","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2025-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.488818+00:00","generated_at":"2026-05-16T13:18:35.392013+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Saga Communications repurchases 2.8% of outstanding shares for $2.1M","bullets":["Repurchased 184,215 shares at $11.50 per share in a privately negotiated transaction.","Aggregate purchase price of ~$2.1 million; shares returned to treasury and cancelled.","Repurchase represents 2.8% of 6,556,621 shares outstanding as of December 11, 2025.","CFO Samuel Bush cited commitment to shareholder value and disciplined capital allocation.","Transaction closed December 12, 2025; seller was an accredited investor."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-121212","json":"https://secwatch.observer/filing/0001104659-25-121212.json","markdown":"https://secwatch.observer/filing/0001104659-25-121212.md","text":"https://secwatch.observer/filing/0001104659-25-121212.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000110465925121212/0001104659-25-121212-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000110465925121212/sga-20251212x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:18:35.392013+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"}