SAGA COMMUNICATIONS INC — fact timeline

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.”

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.”

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:”

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.”

SAGA COMMUNICATIONS INC reported the twelve-month period ended December 31, 2025 results: revenue $107.1 million, net income net loss of $7.9 million, EPS $1.22 per diluted share.

“Net revenue decreased 5.1% to $107.1 million for the twelve-month period ended December 31, 2025 compared to $112.9 million for the same period last year. Digital revenue increased 19.1% to $16.9 million for the twelve-month period ended December 31, 2025 compared to $14.2 million for the same period last year. Station operating expense remained flat for the twelve-month period at $91.8 million compared to the same period last year. For the twelve-month period, we had an operating loss of $11.0 million compared to operating income of $2.4 million for the same period last year and station operating income (a non-GAAP financial measure) decreased 27.3% to $15.3 million. Capital expenditures for the twelve months were $3.0 million compared to $3.8 million for the same period last year. We had a net loss of $7.9 million for the twelve-month period ended December 31, 2025, compared to net income of $3.5 million for the same period last year primarily as the result of the impairment ch”

SAGA COMMUNICATIONS INC reported the quarter ended December 31, 2025 results: revenue $26.5 million, net income net loss of $6.9 million, EPS $1.07 per diluted share.

“today reported that net revenue decreased 9.3% to $26.5 million for the quarter ended December 31, 2025 compared to $29.2 million for the same period last year. Digital revenue increased 25.8% to $4.3 million for the quarter ended December 31, 2025 compared to $3.5 million for the same period last year. Station operating expense decreased 1.9% for the quarter to $22.9 million compared to the same period last year. For the quarter, we had an operating loss of $9.5 million compared to operating income of $1.0 million for the same quarter last year and station operating income (a non-GAAP financial measure) decreased 38.7% to $3.6 million for the quarter ended December 31, 2025. Capital expenditures were $400 thousand for the quarter compared to $600 thousand for the same period last year. We had a net loss of $6.9 million for the quarter compared to net income of $1.3 million for the fourth quarter last year primarily as the result of an impairment charge disclosed below. Diluted”

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.”

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”

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”

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.”

SAGA COMMUNICATIONS INC reported the six-month period ended June 30, 2023 results: revenue $54.5 million, net income $4.3 million, EPS $0.70.

“Net revenue decreased 0.6% to $54.5 million for the six-month period ended June 30, 2023 compared to $54.8 million for the same period last year.”

SAGA COMMUNICATIONS INC reported the three and six months ended June 30, 2023 results: revenue $29.2 million, net income $3.4 million, EPS $0.55.

“Saga Communications, Inc. (Nasdaq - SGA) (the "Company" or "Saga") today reported that net revenue decreased 2.2% to $29.2 million for the quarter ended June 30, 2023 compared to $29.8 million for the same period last year.”

SAGA COMMUNICATIONS INC shareholders approved Advisory vote on the frequency of say-on-pay votes at the 2023-05-08 meeting.

“(5) The proposal to recommend, by a non-binding advisory vote, whether the non-binding advisory vote to approve the compensation of our named executive officers should occur every year, every other year or every three years was approved for every year with 5,087,245 votes cast for, 6,324 votes cast for every other year, 327,280 votes cast for every three years, 217,384 broker non-votes and 3,017 abstentions.”

SAGA COMMUNICATIONS INC shareholders approved Advisory vote on the compensation of named executive officers at the 2023-05-08 meeting.

“(4) The proposal to adopt, by a non-binding advisory vote, a resolution approving the compensation of our named executive officers was approved with 3,449,315 votes cast for, 1,973,794 votes cast against, 217,384 broker non-votes and 757 abstentions.”

SAGA COMMUNICATIONS INC shareholders approved Ratification of the appointment of UHY LLP as independent auditors at the 2023-05-08 meeting.

“(3) The proposal to ratify the appointment by the Board of Directors of UHY LLP as independent auditors to audit our consolidated financial statements for the fiscal year ending December 31, 2023 was approved with 5,577,563 votes cast for, 3,729 votes cast against and 59,958 abstentions.”

SAGA COMMUNICATIONS INC shareholders approved Approval of the Saga Communication, Inc. 2023 Incentive Compensation Plan at the 2023-05-08 meeting.

“(2) The proposal to approve the Saga Communication, Inc. 2023 Incentive Compensation Plan was approved 5,145,459 votes cast for, 226,776 votes cast against, 217,384 broker non-votes and 51,631 abstentions.”

SAGA COMMUNICATIONS INC shareholders approved Election of eight nominees as directors for the ensuing year at the 2023-05-08 meeting.

“(1) The eight nominees for election as directors for the ensuing year, and until their successors are elected and qualified, were elected and received the following votes:”

SAGA COMMUNICATIONS INC reported the three months ended March 31, 2023 results: revenue $25.3 million, net income $920 thousand, EPS $0.15.

“Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) today reported that net revenue increased 1.3% to $25.3 million for the quarter ended March 31, 2023 compared to $25.0 million for the same period last year.”

SAGA COMMUNICATIONS INC reported the quarter ended December 31, 2022 results: revenue $30.1 million, net income $4.3 million, EPS $0.70.

“16.8% to $13.0 million. Diluted earnings per share would have been $2.15 per share as compared to $1.85 per share for the same period last year. ​ Net revenue increased 3.3% to $30.1 million for the quarter ended December 31, 2022 compared to $29.2 million for the same period last year. Station operating expense increased 5.9% for the quarter to $22.9 million”

SAGA COMMUNICATIONS INC reported the twelve-month period ended December 31, 2022 results: revenue $114.9 million, net income $9.2 million, EPS $1.52.

“(313) 886-7070 ​ Grosse Pointe Farms, MI – March 9, 2023 – Saga Communications, Inc. (Nasdaq - SGA) (the “Company” or “Saga”) reported today that net revenue increased 6.0% to $114.9 million for the twelve-month period ended December 31, 2022 compared to $108.3 million for the same period last year. Despite strong underlying performance the results were impacted by”

Christopher Forgy was appointed as Director at SAGA COMMUNICATIONS INC.

“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.”

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

“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.”

SAGA COMMUNICATIONS INC reported three and nine months ended September 30, 2022 results: revenue $30.0 million, net income net loss of $104 thousand, EPS $(0.01).

“Ed Christian. The actual results as well as the results adjusted for the impact of his passing are reported in this financial results release. Net revenue increased 3.9% to $30.0 million for the quarter ended September 30, 2022 compared to $28.8 million for the same period last year. Station operating expense increased 2.8% for the quarter to $22.3 million”

Gary G. Stevens was appointed as Interim Chairman of the Board at SAGA COMMUNICATIONS INC.

“Effective August 24, 2022, the Board has acted unanimously to appoint existing board member Gary G. Stevens as Interim Chairman of the Board.”

Warren S. Lada was appointed as Interim President and Chief Executive Officer at SAGA COMMUNICATIONS INC.

“the Board appointed Warren S. Lada, a current member of the Board, as Interim President and Chief Executive Officer on August 21, 2022.”

Warren S. Lada was appointed as Interim President and Chief Executive Officer at SAGA COMMUNICATIONS INC.

“On August 21, 2022, the Board appointed Warren S. Lada, a current member of the Board, as Interim President and Chief Executive Officer, to serve while the Board conducts a formal search for a permanent successor to Mr. Christian.”

Edward K. Christian departed as President, Chief Executive Officer and Chairman at SAGA COMMUNICATIONS INC.

“President, Chief Executive Officer and Chairman of the Board, Edward K. Christian passed away on Friday, August 19, 2022.”

Marcia K. Lobaito was appointed as Director at SAGA COMMUNICATIONS INC.

“On September 28, 2021, Saga Communications, Inc. (the “Company”) appointed Marcia K. Lobaito to its Board of Directors, effective immediately.”