Saga Communications names Christopher Forgy as President and CEO effective Dec 7, 2022

SAGA COMMUNICATIONS INC

Christopher Forgy promoted from SVP Operations to President and CEO, effective Dec 7, 2022.
Forgy's employment agreement: base salary $670K in year 1, rising to $783K if renewed; bonus up to 100% of base.
Warren Lada steps down as Interim CEO on Dec 6, 2022 but remains on the Board.
Wayne Leland promoted to SVP Operations effective Jan 3, 2023; base salary $300K plus up to $35K bonus.
Forgy is only second CEO in company history, succeeding founder Edward K. Christian who died in August 2022.

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

Christopher Forgy

Director

SGA · SAGA COMMUNICATIONS INC

Effective: 2022-12-07
Filed: November 16, 2022, 6:59 PM ET

Consequently, effective December 7, 2022, Mr. Forgy will also be appointed as a director of the Company to fill the Board vacancy created by Mr. Christian’s passing.

Role change

Christopher Forgy

President and Chief Executive Officer

SGA · SAGA COMMUNICATIONS INC

Effective: 2022-12-07
Filed: November 16, 2022, 6:59 PM ET

On November 16, 2022, the Company issued a press release announcing the promotion of Christopher Forgy (age 62) to the position of President and Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Forgy was appointed as Director at SAGA COMMUNICATIONS INC.

Action: appointed
Role: Director

Exact text from the filing

Consequently, effective December 7, 2022, Mr. Forgy will also be appointed as a director of the Company to fill the Board vacancy created by Mr. Christian’s passing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Forgy changed role as President and Chief Executive Officer at SAGA COMMUNICATIONS INC.

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

On November 16, 2022, the Company issued a press release announcing the promotion of Christopher Forgy (age 62) to the position of President and Chief Executive Officer of the Company.

View on SEC.gov

SAGA COMMUNICATIONS INC filing history →

Source: SEC EDGAR

accession 0001558370-22-017994

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