secwatch / observer

SAGA COMMUNICATIONS INC — fact timeline

Source-grounded facts extracted from SAGA COMMUNICATIONS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SGA SAGA COMMUNICATIONS INC JSON
Shareholder Votes

SAGA COMMUNICATIONS INC shareholders approved Adopt, by a non-binding advisory vote, a resolution approving the compensation of our named executive officers at the 2026-06-01 meeting.

“The proposal to adopt, by a non-binding advisory vote, a resolution approving the compensation of our named executive officers was approved with 3,020,736 votes cast for, 1,760,704 votes cast against, 863,982 broker non-votes and 12,036 abstentions.”
Shareholder Votes

SAGA COMMUNICATIONS INC shareholders approved Ratify appointment of Crowe LLP as independent auditors at the 2026-06-01 meeting.

“The proposal to ratify the appointment by the Board of Directors of Crowe LLP as independent auditors to audit our consolidated financial statements for the fiscal year ending December 31, 2026 was approved with 5,571,362 votes cast for, 24,494 votes cast against and 61,602 abstentions.”
Shareholder Votes

SAGA COMMUNICATIONS INC shareholders approved Election of seven nominees as directors at the 2026-06-01 meeting.

“The seven nominees for election as directors for the ensuing year, and until their successors are elected and qualified, were elected and received the following votes:”
Earnings Releases

SAGA COMMUNICATIONS INC reported the quarter ended March 31, 2026 results: revenue $22.9 million, net income net loss of $2.4 million, EPS $(0.38) per diluted share.

“Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue decreased 5.6% to $22.9 million for the quarter ended March 31, 2026 compared to $24.2 million for the same period last year. Station operating expense decreased 0.2% for the quarter to $22.0 million compared to the same period last year. For the quarter, we had an operating loss of $3.3 million compared to $2.3 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 62.0% to $0.9 million. Capital expenditures were $0.8 million for the quarter compared to $0.7 million for the same period last year. We had a net loss of $2.4 million for the quarter compared to $1.6 million for the first quarter last year. Diluted loss per share was $0.38 in the first quarter of 2026.”
Governance Changes

SAGA COMMUNICATIONS INC: Board adopted amended and restated bylaws with changes to shareholder nomination procedures, disclosure requirements, meeting conduct, and other updates (effective 2025-06-19).

“On June 19, 2025, the Board of Directors (the “ Board ”) of Saga Communications, Inc. (the “ Company ”) adopted and approved the Amended and Restated Bylaws of the Company (the “ Amended and Restated Bylaws ”), effective as of June 19, 2025.”
Earnings Releases

SAGA COMMUNICATIONS INC reported quarter ended March 31, 2024 results: revenue $24.7 million, net income net loss of $1.6 million, EPS $0.25.

“net revenue decreased 2.5% to $24.7 million for the quarter ended March 31, 2024”
Earnings Releases

SAGA COMMUNICATIONS INC reported the twelve months ended December 31, 2023 results: revenue $112.8 million, net income $9.5 million, EPS $1.52.

“Net revenue decreased 1.8% to $112.8 million for the twelve-month period ended December 31, 2023 compared to $114.9 million for the same period last year. Political impacted the year’s performance as for the year the Company had $944 thousand in gross political revenue this year compared to $3.6 million for the same period last year. Without political revenue the Company’s gross revenue for the year would have been approximately flat compared to last year. Station operating expense increased 3.0% for the twelve-month period to $90.2 million compared to the same period last year. For the twelve-month period, operating income was $11.5 million compared to $13.1 million for the same period last year and station operating income (a non-GAAP financial measure) decreased 15.0% to $27.4 million. Capital expenditures for the twelve months were $4.4 million compared to $6.0 million for the same period last year. Net income was $9.5 million for the twelve-month period compared to $9.2 mil”
Earnings Releases

SAGA COMMUNICATIONS INC reported the three months ended December 31, 2023 results: revenue $29.1 million, net income $2.5 million, EPS $0.37.

“The Company also reported that net revenue decreased 3.3% to $29.1 million for the quarter ended December 31, 2023 compared to $30.1 million for the same period last year. Political impacted the quarter’s performance as for the quarter the Company had $407 thousand in gross political revenue this year compared to $1.9 million for the same period last year. Without political revenue the Company’s gross revenue for the quarter would have increased approximately 1% compared to last year. Station operating expense increased 1.9% for the quarter to $23.3 million compared to the same period last year. For the quarter, operating income was $2.8 million compared to $4.9 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 17.2% to $7.1 million. Capital expenditures were $1.0 million for the quarter compared to $1.3 million for the same period last year. We had net income of $2.5 million for the quarter compared to net income of $4.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.