---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-013717"
form_type: "8-K"
ticker: "LEE"
cik: "0000058361"
company_name: "LEE ENTERPRISES, Inc"
filed_at: "2024-03-29T23:59:59+00:00"
generated_at: "2026-06-04T05:37:02.993097+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lee Enterprises adopts limited-duration shareholder rights plan against Quint Digital's 12.4% stake

## Summary
- Board adopted rights plan effective March 28, 2024, expiring March 27, 2025.
- Plan triggered if any person acquires 15% or more of Lee's outstanding common stock.
- Quint Digital rapidly built over 12.4% stake and indicated intent to continue acquiring shares.
- Quint controls a digital publishing business that competes with Lee's subsidiary BLOX Digital.
- Rights plan includes flip-in provision allowing 50% discount purchase of shares and exchange feature.

## SEC filing metadata
- accession: 0001628280-24-013717
- form_type: 8-K
- ticker: LEE
- cik: 0000058361
- company_name: LEE ENTERPRISES, Inc
- filed_at: 2024-03-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58361/000162828024013717/0001628280-24-013717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58361/000162828024013717/lee-20240329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-013717
- JSON: https://secwatch.observer/filing/0001628280-24-013717.json
- Plain text: https://secwatch.observer/filing/0001628280-24-013717.txt

## Key facts
- Governance Changes
  LEE ENTERPRISES, Inc: Filed a Certificate of Designations for Series C Participating Convertible Preferred Stock (effective 2024-03-28).
  - Change: charter amendment
  - Effective: 2024-03-28
  source text: on March 28, 2024, the Company filed a Certificate of Designations of Series C Participating Convertible Preferred Stock with the Secretary of State of the State of Delaware.
  evidence_url: https://www.sec.gov/Archives/edgar/data/58361/000162828024013717/0001628280-24-013717-index.htm
- Material Agreements
  LEE ENTERPRISES, Inc entered into Rights Agreement with Equiniti Trust Company, LLC (effective 2024-03-28).
  - Action: entry
  - Counterparty: Equiniti Trust Company, LLC
  - Effective: 2024-03-28
  source text: On March 28, 2024, the Board of Directors of Lee Enterprises, Incorporated (the “Company”) declared a dividend of one preferred share purchase right (a “Right”), payable on April 8, 2024, for each share of common stock, par value $0.01 per share, of the Company (the “Common Shares”) outstanding on April 8, 2024 (the “Record Date”) to the stockholders of record on that date. In connection with the distribution of the Rights, the Company entered into a Rights Agreement (the “Rights Agreement”), dated as of March 28, 2024, between the Company and Equiniti Trust Company, LLC, as rights agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/58361/000162828024013717/0001628280-24-013717-index.htm

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