---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-012780"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:38:13.360648+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lee Enterprises closes $50M private placement, change of control; CEO/CFO depart

## Summary
- Closed $50M private placement; sold ~16M shares at $3.25/share; Anchor Investor David Hoffmann now holds ~52%.
- David Hoffmann appointed Chairman; Kevin Mowbray retired as CEO; Nathan Bekke named Interim CEO.
- CFO Tim Millage resigned; Josh Rinehults appointed Interim CFO.
- Credit agreement amended: interest on $455.5M debt cut from 9% to 5% for 5 years; expected ~$18M annual savings.
- Stockholders approved charter amendment increasing authorized shares from 12M to 40M.

## SEC filing metadata
- accession: 0001213900-26-012780
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 5.01, 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000121390026012780/0001213900-26-012780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000121390026012780/ea0275257-8k_lee.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-012780
- JSON: https://secwatch.observer/filing/0001213900-26-012780.json
- Plain text: https://secwatch.observer/filing/0001213900-26-012780.txt

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