{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-013956","form_type":"8-K","ticker":"SGA","cik":"0000886136","company_name":"SAGA COMMUNICATIONS INC","filed_at":"2022-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:58.442980+00:00","generated_at":"2026-06-23T21:33:55.837696+00:00","sec_items":["5.01","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Founder Edward K. Christian dies, converting 65% voting power into ~16% Class A ownership; Lada named interim CEO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-013956","json":"https://secwatch.observer/filing/0001558370-22-013956.json","markdown":"https://secwatch.observer/filing/0001558370-22-013956.md","text":"https://secwatch.observer/filing/0001558370-22-013956.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/886136/000155837022013956/0001558370-22-013956-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/886136/000155837022013956/sga-20220821x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T21:33:55.837696+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":[{"claim_id":"65e6673f93","claim":"Gary G. Stevens was appointed as Interim Chairman of the Board at SAGA COMMUNICATIONS INC.","evidence_excerpt":"Effective August 24, 2022, the Board has acted unanimously to appoint existing board member Gary G. Stevens as Interim Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886136/000155837022013956/0001558370-22-013956-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"c5ea01615f","claim":"Warren S. Lada was appointed as Interim President and Chief Executive Officer at SAGA COMMUNICATIONS INC.","evidence_excerpt":"the Board appointed Warren S. Lada, a current member of the Board, as Interim President and Chief Executive Officer on August 21, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/886136/000155837022013956/0001558370-22-013956-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}