LEE ENTERPRISES, Inc — fact timeline

LEE ENTERPRISES, Inc reported second quarter ended March 29, 2026 results: revenue $122 million, net income $2 million. Guidance reaffirmed.

“remain confident in our strategy and our ability to deliver continued growth in the quarters ahead." For the second quarter ended March 29, 2026: • Total operating revenue was $122 million. • Total Digital Revenue was $68 million and represented 56% of our total operating revenue. 1 • Revenue from digital-only subscribers totaled $22 million. Digital-only”

LEE ENTERPRISES, Inc issued an aggregate of 15,384,615 shares (the 'Base PIPE Common Shares') and an additional 615,385 shares (the 'Fee Reimbursement Shares') of common stock to David Hoffmann (Anchor Investor) and certain additional investors for at a purchase price of $3.25 per share.

“On February 5, 2026, the Company closed (the “Closing”) its previously announced private placement (the “Private Placement”) and, pursuant to the terms of that certain stock purchase agreement (the “Purchase Agreement”) by and among the Company, David Hoffmann (the “Anchor Investor”) and certain additional investors (the “Other Investors” and, together with the Anchor Investor, the “Investors”), sold an aggregate of 15,384,615 shares (the “Base PIPE Common Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a purchase price of $3.25 per share to the Investors. In connection with the Closing, pursuant to the terms of the Purchase Agreement, the Company issued an additional 615,385 shares of Common Stock (the “Fee Reimbursement Shares” and, together with the Base PIPE Common Shares, the “Shares”) as reimbursement of certain of the Anchor Investor’s expenses at a price of $3.25 per share.”

LEE ENTERPRISES, Inc: Eliminated Series C Participating Convertible Preferred Stock and returned them to authorized but unissued convertible preferred stock (effective 2026-02-04).

“on February 4, 2026, the Company filed a certificate of elimination (the “Certificate of Elimination”) with the Secretary of State of the State of Delaware eliminating the Series C Preferred Stock and returning them to authorized but unissued shares of the Company’s Serial Convertible Preferred Stock, without par value, without designation.”

LEE ENTERPRISES, Inc: Increased authorized common stock from 12,000,000 to 40,000,000 shares (effective 2026-02-03).

“on February 3, 2026, the Company held a special meeting of its stockholders (the “Special Meeting”) at which, among other matters of business acted upon, the Company’s stockholders approved an amendment (the “Charter Amendment”) to the Company’s amended and restated certificate of incorporation to increase the number of shares of Common Stock authorized for issuance from 12,000,000 shares to 40,000,000 shares (the “Additional Common Stock Proposal”). The Charter Amendment became effective as of February 3, 2026.”

LEE ENTERPRISES, Inc terminated Rights Agreement with Equiniti Trust Company, LLC valued at Amendment No. 2 terminated the Rights Agreement by advancing Final Expiration Time to 5:00 P.M., New (effective 2026-02-04).

“On February 4, 2026, Lee Enterprises, Incorporated (the "Company") and Equiniti Trust Company, LLC (the "Rights Agent") entered into Amendment No. 2 ("Amendment No. 2") to the Rights Agreement, dated as of March 28, 2024, by and between the Company and the Rights Agent (as amended by Amendment No. 1 to the Rights Agreement, dated as of March 26, 2025, the "Rights Agreement"). Amendment No. 2 terminated the Rights Agreement by advancing the Final Expiration Time (as defined in the Rights Agreement) to 5:00 P.M., New York City time, on February 4, 2026.”

LEE ENTERPRISES, Inc entered into Second Amendment to Credit Agreement with BH Finance LLC valued at amended Credit Agreement, dated January 29, 2020, reducing applicable margin on term loan from 9.00% (effective 2025-12-30).

“As previously disclosed, on December 30, 2025, the Company entered into the Second Amendment to Credit Agreement (the "Credit Agreement Amendment"), which amended the Company's existing Credit Agreement, dated January 29, 2020 (as amended by that Waiver and Amendment dated May 1, 2025), with BH Finance LLC.”

LEE ENTERPRISES, Inc entered into Registration Rights Agreement with the Investors valued at Company agreed to provide Investors certain customary registration rights, including registration of (effective 2026-02-05).

“In connection with the Closing (as defined below), on February 5, 2026, as previously disclosed, the Company entered into a registration rights agreement (the "Registration Rights Agreement") with the Investors (as defined below).”

LEE ENTERPRISES, Inc issued 15,384,615 shares of common stock to David Hoffmann and certain additional investors for $3.25 per share.

“the Company agreed to issue and sell to the Investors in a private placement (the “Private Placement”) an aggregate of 15,384,615 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a purchase price of $3.25 per share.”

LEE ENTERPRISES, Inc entered into Stock Purchase Agreement with David Hoffmann and certain additional investors valued at Issuance of 15,384,615 shares of common stock at $3.25 per share for aggregate gross proceeds of app (effective 2025-12-30).

“On December 30, 2025, Lee Enterprises, Incorporated (the “Company”) entered into a stock purchase agreement (the “Purchase Agreement”) with David Hoffmann (the “Anchor Investor”) and certain additional investors (the “Other Investors” and, together with the Anchor Investor, the “Investors”), pursuant to which the Company agreed to issue and sell to the Investors in a private placement (the “Private Placement”) an aggregate of 15,384,615 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a purchase price of $3.25 per share.”

LEE ENTERPRISES, Inc disclosed a cybersecurity incident: cybersecurity attack by threat actors who unlawfully accessed the Company’s network, encrypted critical applications, and exfiltrated certain files. Impact: the Incident is likely to have a material impact on the Company’s financial condition and results of operations; certain back-office functions remain delayed including billing, collections, and payments. Company determined it material. Discovered 2025-02-03.

“While the full scope of the financial impact is not yet known, the Incident is likely to have a material impact on the Company’s financial condition and results of operations.”

LEE ENTERPRISES, Inc disclosed a cybersecurity incident: cybersecurity attack resulting in systems outage, encryption of critical applications, and exfiltration of files. Impact: impacted operations including distribution of products, billing, collections, and vendor payments; print publication delays; partial online limitations; weekly and ancillary products representing five percent of total operating revenue not yet restored; anticipated phased recovery over several weeks. Company determined it material. Discovered 2025-02-03.

“While the full scope of the financial impact is not yet known, the incident is reasonably likely to have a material impact on the Company’s financial condition or results of operations.”

Jonathan Miller was elected as Director at LEE ENTERPRISES, Inc.

“On July 17, 2024, the Board elected Madeline McIntosh and Jonathan Miller to serve as directors.”

Madeline McIntosh was elected as Director at LEE ENTERPRISES, Inc.

“On July 17, 2024, the Board elected Madeline McIntosh and Jonathan Miller to serve as directors.”

David Pearson retired as Director at LEE ENTERPRISES, Inc.

“David Pearson retired from the Board of Directors (the “Board”) of Lee Enterprises, Incorporated (the “Company”) effective July 16, 2024.”

LEE ENTERPRISES, Inc updated its second quarter ended March 24, 2024 guidance (reaffirmed).

“On May 2, 2024, Lee Enterprises, Incorporated (the “Company”) reported its preliminary results for the second quarter ended March 24, 2024.”

LEE ENTERPRISES, Inc: Filed a Certificate of Designations for Series C Participating Convertible Preferred Stock (effective 2024-03-28).

“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.”

LEE ENTERPRISES, Inc entered into Rights Agreement with Equiniti Trust Company, LLC (effective 2024-03-28).

“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.”

LEE ENTERPRISES, Inc shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-02-22 meeting.

“The shareholders voted to ratify the appointment of BDO USA, P.C. to serve as the Company's independent registered public accounting firm for the fiscal year ending September 29, 2024. For Against Abstain Broker Non-Votes Ratify selection of BDO USA, P.C. 3,384,052 907,543 7,480 —”

LEE ENTERPRISES, Inc shareholders approved Say-On-Pay at the 2024-02-22 meeting.

“The shareholders approved, by non-binding vote, the compensation of the named executive officers (“Say-On-Pay”) as disclosed in the Company’s 2024 proxy statement (“Named Executive Officers”), and votes were cast as follows: For Against Abstain Broker Non-Votes 2,215,771 1,151,627 13,258 918,419”

LEE ENTERPRISES, Inc shareholders approved Election of Directors at the 2024-02-22 meeting.

“The shareholders voted to re-elect each of Steven C. Fletcher and Shaun McAlmont as a director to serve for a three-year term expiring at the Company’s 2027 annual meeting of shareholders. Votes were cast as follows: : For Withheld Broker Non-Votes Steven C. Fletcher 2,742,820 637,836 — Shaun McAlmont 2,458,082 922,574 —”

LEE ENTERPRISES, Inc reported preliminary financial results for fourth quarter ended September 24, 2023.

“On December 7, 2023, Lee Enterprises, Incorporated (the “Company”) reported its preliminary results for the fourth quarter ended September 24, 2023.”

LEE ENTERPRISES, Inc reported third fiscal quarter ended June 25, 2023 results: revenue $171 million, net income $2 million.

“Key Third Quarter Highlights: • Total operating revenue was $171 million. • Total Digital Revenue was $70 million, a 15% increase over the prior year, and represented 41% of our total operating revenue. • Digital-only subscription revenue increased 43% in the third quarter compared to the same quarter last year due to a 21% increase in digital-only subscribers and marketing efforts driving price yields. Digital-only subscribers totaled 606,000 at the end of the June quarter. • Digital advertising and marketing services revenue represented 63% of our total advertising revenue and totaled $50 million, an 8% increase over the prior year. Digital marketing services revenue at Amplified Digital ® fueled the growth, with quarterly revenue of $24 million, a 15% increase compared to the prior year. • Digital services revenue, which is predominantly BLOX Digital, totaled $5 million in the quarter. On a standalone basis, revenue at BLOX Digital totaled $9 million, a 12% increase over the prior y”

LEE ENTERPRISES, Inc reported second quarter fiscal 2023 results: revenue $171 million, net income Net loss totaled $5 million. Guidance reaffirmed.

“digital revenue and Adjusted EBITDA, and has us well positioned to drive value for our stakeholders,” Mowbray added. Key Second Quarter Highlights: • Total operating revenue was $171 million. • Total Digital Revenue was $65 million, a 12% increase over the prior year, and represented 38% of our total operating revenue. • Digital-only subscription revenue increased”

LEE ENTERPRISES, Inc shareholders approved Advisory vote on frequency of Say-on-Pay at the 2023-04-18 meeting.

“The shareholders approved, by non-binding vote, on the frequency of the advisory votes to approve Named Executive Officers’ compensation (“Say-on-Frequency”), and the votes were cast as follows: One Year Two Years Three Years Abstain Broker Non-Votes 2,923,226 7,512 119,121 302,293 —”

LEE ENTERPRISES, Inc shareholders approved Advisory vote to approve executive compensation (Say-on-Pay) at the 2023-04-18 meeting.

“The shareholders approved, by non-binding vote, the compensation of the named executive officers (“Say-On-Pay”) as disclosed in the Company’s 2023 proxy statement”

LEE ENTERPRISES, Inc shareholders approved Election of Directors at the 2023-04-18 meeting.

“The shareholders voted to re-elect each of David T. Pearson, Margaret R. Liberman, and Brent Magid as a director to serve for a three-year term expiring at the Company’s 2026 annual meeting of shareholders.”

LEE ENTERPRISES, Inc updated its first fiscal quarter ended December 25, 2022 guidance (reaffirmed).

“On March 2, 2023, Lee Enterprises, Incorporated (the "Company") reported its preliminary results for the first fiscal quarter ended December 25, 2022.”

LEE ENTERPRISES, Inc received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“February 8, 2023, Lee Enterprises, Incorporated (the “Company”) received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Quarterly Report on From 10-Q for the quarter ended December 25, 2023 (the “2023 Q1 Form 10-Q”), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The Company filed a Notification of Late Filing on Form 12b-25 on February 6, 2023, stating it was unable to file the 2023 Q1 Fo”

LEE ENTERPRISES, Inc received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“December 28, 2022, Lee Enterprises, Incorporated (the “Company”) received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Annual Report on From 10-K for the year ended September 25, 2022 (the “2022 Form 10-K”), the Company is not in compliance with the timely filing requirements for continued listing under Nasdaq Listing Rule 5250(c)(1). The Company filed a Notification of Late Filing on Form 12b-25 (the “Form 12b-25”) on December 12, 2022, stating it was unable to file”

Ray Farris departed as Operating Vice President and VP of Advertising at LEE ENTERPRISES, Inc.

“Lee Enterprises, Incorporated (the “Company”) and Ray Farris, Operating Vice President and VP of Advertising for the Company, entered into an agreement, which became irrevocable on December 23, 2022, and details Mr. Farris’s retirement from the Company.”

LEE ENTERPRISES, Inc reported the fourth quarter ended September 25, 2022 results: revenue $194 million, net income $6 million. Guidance initiated.

“• Total operating revenue was $194 million, flat versus the prior year. • Total Digital Revenue (3) was $65 million, a 31% increase over the prior year, and represented one-third of our total operating revenue. • Digital-only subscription revenue increased 46% in the fourth quarter compared to the same quarter last year and totaled $40 million in the fiscal year. Digital-only subscribers increased 32% and now total 532,000, exceeding our updated guidance of 515,000. • Digital advertising and marketing services revenue represented 55% of our total advertising revenue and totaled $49 million, a 33% increase over the prior year. Digital marketing services revenue at Amplified Digital ® fueled the growth, with quarterly revenue of $22 million, an 82% increase compared to the prior year. • The Company recognized $20 million in non-cash impairments of intangible assets and leases. • Net loss totaled $6 million and Adjusted EBITDA totaled $30 million.”

LEE ENTERPRISES, Inc reported the fiscal year ended September 25, 2022 results: revenue $781 million, net income $1 million. Guidance initiated.

“• Total operating revenue was $781 million, down 2% versus the prior year. • Total Digital Revenue was $240 million, a 27% increase over the prior year, and represented 31% of our total operating revenue. • Digital-only subscription revenue increased 42% in 2022 compared to 2021. • Digital advertising and marketing services revenue represented 50% of our total advertising revenue and totaled $181 million, a 28% increase over the prior year. Digital marketing services revenue at Amplified Digital ® fueled the growth, with revenue of $76 million, an 83% increase over the prior year. • Digital services revenue, which is predominantly TownNews, totaled $18 million in the year. On a standalone basis, revenue at TownNews totaled $31 million, a 14% increase over the prior year. • Operating expenses totaled $762 million and Cash Costs (1) were up 1%. Rapidly rising prices, incremental investments in digital talent and technology tied to our digital growth strategy, and an increase in cost of g”

Shaun E. McAlmont was elected as Director at LEE ENTERPRISES, Inc.

“On May 9, 2022, the Board of Directors (the “Board”) of Lee Enterprises, Incorporated (the “Company”) elected Shaun E. McAlmont, PhD, as a member of the Board.”