Recent 8-K filings for LEE
Highest-materiality recent filing
Lee Enterprises raises $50M at $3.25/share; CEO Mowbray to retire; credit rate cut from 9% to 5%
- Private placement of 15.38M shares at $3.25, anchored by David Hoffmann with ~$35M commitment; top existing investors cover remaining ~$15M.
- CEO Kevin Mowbray to retire effective at closing; COO Nathan Bekke to serve as Interim CEO; board initiated permanent CEO search.
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Lee Enterprises signs 5-year management agreement to operate Hoffmann Media Group publications
Agreement effective June 1, 2026, for 5 years; Lee to manage Hoffmann's newspapers and digital properties across FL, CA, MI, MO, CO and other markets.
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Lee Enterprises Q2 Adj EBITDA up 95% to $15M; digital revenue 56% of total
Total operating revenue $122M; digital revenue $68M (56% of total).
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Lee Q1 Adj EBITDA up 61% YoY, closes $50M equity placement, debt rate cut to 5%
Q1 total operating revenue $130M; Adjusted EBITDA $12M vs $7M prior year, including $2M cyber insurance reimbursement.
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Lee Enterprises closes $50M private placement, change of control; CEO/CFO depart
Closed $50M private placement; sold ~16M shares at $3.25/share; Anchor Investor David Hoffmann now holds ~52%.
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Lee Enterprises raises $50M at $3.25/share; CEO Mowbray to retire; credit rate cut from 9% to 5%
Private placement of 15.38M shares at $3.25, anchored by David Hoffmann with ~$35M commitment; top existing investors cover remaining ~$15M.
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Lee Enterprises Q4 Adj EBITDA up $2M YoY; digital subs revenue +16%
Q4 total operating revenue $139M; net loss $6M; Adj EBITDA $15M, up $2M on comparable basis.
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Lee Enterprises CFO Tim Millage resigns to become church pastor; effective Feb 28, 2026
CFO Tim Millage will resign effective Feb 28, 2026, to become Executive Pastor at Coram Deo Bible Church.
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Lee Enterprises announces up to $50M rights offering; term loan rate could drop to 5% from 9%
Up to $50M rights offering to raise capital for digital transformation; conditioned on stockholder approval of additional shares.
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Lee Q3 net loss narrows to $2M; digital revenue 55% of total; Adjusted EBITDA $15M (+1%)
Total operating revenue $141M; Total Digital Revenue $78M (55% of revenue), up 3% YoY.
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Lee Q2 revenue $137M, digital 53% of total; net loss $12M from cyber impact
Total Digital Revenue $73M, +3% YoY (4% same-store), now 53% of total operating revenue.
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Lee Enterprises secures May interest/rent waiver; principal rises to $457M after cyber attack
Lender waives May 2025 interest ($3.40M) and rent ($0.39M), adding both to loan principal.
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Lee Enterprises gets second waiver for April 2025 payments, adds $3.7M liquidity amid cyber attack
Second Covenant Waiver from BH Finance and BH Media waives April 2025 interest and lease payments.
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Lee Enterprises extends poison pill to March 2026 after Hoffmann Family accumulates 9.8% stake
Rights plan extended by one year to March 27, 2026, in response to Hoffmann Family's unsolicited interest (announced March 20, 2025).
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Cyberattack on Feb 3 encrypted critical apps and exfiltrated files; threat contained, restoration ongoing.
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Threat actors encrypted critical applications and exfiltrated files; forensic investigation ongoing.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.70 · Most common event other_material