{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-126353","form_type":"8-K","ticker":"LEE","cik":"0000058361","company_name":"LEE ENTERPRISES, Inc","filed_at":"2025-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.874852+00:00","generated_at":"2026-05-16T12:03:01.424475+00:00","sec_items":["1.01","3.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"confidence":"high","headline":"Lee Enterprises raises $50M at $3.25/share; CEO Mowbray to retire; credit rate cut from 9% to 5%","bullets":["Private placement of 15.38M shares at $3.25, anchored by David Hoffmann with ~$35M commitment; top existing investors cover remaining ~$15M.","CEO Kevin Mowbray to retire effective at closing; COO Nathan Bekke to serve as Interim CEO; board initiated permanent CEO search.","Credit agreement amendment reduces interest on ~$455.5M term loan from 9% to 5% for 5 years, expected annual savings of ~$18M.","David Hoffmann expected to become Chair of the Board after closing; board increases from 9 to 10 members.","Special meeting sought for stockholder approval; closing expected Q1 2026; lock-up 180 days, standstill 12 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-126353","json":"https://secwatch.observer/filing/0001213900-25-126353.json","markdown":"https://secwatch.observer/filing/0001213900-25-126353.md","text":"https://secwatch.observer/filing/0001213900-25-126353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/58361/000121390025126353/0001213900-25-126353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/58361/000121390025126353/ea0271182-8k_lee.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:03:01.424475+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"}