---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-186201"
form_type: "8-K"
ticker: "LAMR"
cik: "0001090425"
company_name: "LAMAR ADVERTISING CO/NEW"
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T15:54:50.590995+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lamar Advertising enters $400M at-the-market equity distribution agreement

## Summary
- Agreement with J.P. Morgan, Wells Fargo, Truist, SMBC Nikko, Scotia Capital as sales agents.
- Company may sell up to $400M of Class A common stock; no obligation to sell any shares.
- Replaces prior agreement with substantially similar terms that expired.
- Proceeds to be used for general corporate purposes, including debt repayment and acquisitions.
- Sales agents receive commission up to 2.0% of gross sales price per share.

## SEC filing metadata
- accession: 0001193125-24-186201
- form_type: 8-K
- ticker: LAMR
- cik: 0001090425
- company_name: LAMAR ADVERTISING CO/NEW
- filed_at: 2024-07-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090425/000119312524186201/0001193125-24-186201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090425/000119312524186201/d852195d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-186201
- JSON: https://secwatch.observer/filing/0001193125-24-186201.json
- Plain text: https://secwatch.observer/filing/0001193125-24-186201.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.