Founder Edward K. Christian dies, converting 65% voting power into ~16% Class A ownership; Lada named interim CEO

SAGA COMMUNICATIONS INC

Edward K. Christian passed away Aug 19, 2022; held ~65% combined voting power; shares convert to Class A.
Upon estate settlement, Edward K. Christian Trust will own 965,149 Class A shares (~15.95% of outstanding).
Michael Dallaire (nephew) and Judith Christian (spouse) are co-trustees.
Warren S. Lada appointed Interim President and CEO, with $750k annual base salary, discretionary bonus, transportation and benefits.
Gary G. Stevens appointed Interim Chairman; he was previously Lead Independent Director.

item 5.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Gary G. Stevens

Interim Chairman of the Board

SGA · SAGA COMMUNICATIONS INC

Effective: 2022-08-24
Filed: August 25, 2022, 7:59 PM ET

Effective August 24, 2022, the Board has acted unanimously to appoint existing board member Gary G. Stevens as Interim Chairman of the Board.

Appointed (interim)

Warren S. Lada

Interim President and Chief Executive Officer

SGA · SAGA COMMUNICATIONS INC

Effective: 2022-08-21
Filed: August 25, 2022, 7:59 PM ET

the Board appointed Warren S. Lada, a current member of the Board, as Interim President and Chief Executive Officer on August 21, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary G. Stevens was appointed as Interim Chairman of the Board at SAGA COMMUNICATIONS INC.

Action: appointed
Role: Interim Chairman of the Board

Exact text from the filing

Effective August 24, 2022, the Board has acted unanimously to appoint existing board member Gary G. Stevens as Interim Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Warren S. Lada was appointed as Interim President and Chief Executive Officer at SAGA COMMUNICATIONS INC.

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

the Board appointed Warren S. Lada, a current member of the Board, as Interim President and Chief Executive Officer on August 21, 2022.

View on SEC.gov

SAGA COMMUNICATIONS INC filing history →

Source: SEC EDGAR

accession 0001558370-22-013956

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