Welcome to our dedicated page for LEE ENTERPRISES SEC filings (Ticker: LEE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Lee Enterprises, Inc. filings document the formal disclosures of a Nasdaq-listed local media company with common stock outstanding. The record includes Form 8-K reports on preliminary operating results, Regulation FD materials, executive appointments, annual-meeting voting results, shareholder proposal deadlines, material agreements and capital-structure changes.
Proxy statements and related meeting filings describe board elections, executive compensation, charter and share-authorization matters, stock issuance approvals and shareholder voting mechanics. Other disclosures address the company’s digital-subscription and advertising model, the transition from print media, credit-facility and debt terms, preferred share purchase rights, governance practices and risk factors including advertising demand, subscription trends, technology systems, cybersecurity, labor costs, newsprint and other input costs, competition and Nasdaq listing status.
Lee Enterprises’ vice president, CFO and treasurer updated their equity holdings in an amended insider filing. On February 3, 2026, 4,055 shares of common stock were withheld at $5.46 per share to cover taxes on previously granted restricted stock, reducing directly held shares in that transaction.
After correcting a prior scrivener’s error that had understated ownership by 8,066 shares, the officer now directly holds 30,186 common shares. The officer also holds an employee stock option for 5,203 shares at $16.36 per share, expiring on December 15, 2034 and vesting in three equal annual installments beginning December 16, 2025, plus 6,364 performance rights that each represent a contingent right to one share of common stock vesting on September 26, 2027 if performance criteria are met.
Lee Enterprises executive Timothy R. Millage, V.P., CFO and Treasurer, reported a mix of tax-related share withholding and new equity awards. On 02/03/2026, 12,121 shares of common stock were withheld at $5.46 per share to cover taxes on vesting restricted stock, leaving him with 22,120 directly owned shares.
On 03/11/2025, he received 5,203 employee stock options with a $16.36 exercise price, vesting in three equal annual installments beginning December 16, 2025 and expiring December 15, 2034. He also received 6,364 performance rights, each representing a contingent right to one share of common stock that vests on September 26, 2027 if specified stock performance criteria are met.
Lee Enterprises completed a private placement that transferred majority ownership to investor David Hoffmann while reshaping its capital structure and leadership. The company sold 15,384,615 common shares at $3.25 per share and issued 615,385 additional shares as fee reimbursement, creating a change of control on February 5, 2026, with Hoffmann and affiliates holding about 52% of outstanding stock. Stockholders approved a charter amendment increasing authorized common shares from 12,000,000 to 40,000,000, and the company terminated its rights agreement, eliminating the associated preferred stock designation. A credit agreement amendment reduced the margin on the 25‑year term loan from 9.00% to 5.00% for five years, with expected interest savings of approximately $18 million annually and up to $90 million over that period. CEO Kevin Mowbray retired, COO Nathan Bekke became interim CEO, CFO Timothy Millage resigned for personal reasons, and Josh Rinehults was appointed interim CFO and Treasurer.
Lee Enterprises, Incorporated is asking stockholders to approve several proposals at a virtual special meeting on February 3, 2026. The key items are an amendment to its charter to increase authorized common shares from 12,000,000 to 40,000,000 and approvals tied to a private placement of up to 16,000,000 common shares at $3.25 per share, expected to raise about $50.0 million in gross proceeds.
The private placement is conditioned on stockholder approval of the share increase, a Nasdaq 20% share issuance proposal, and a Nasdaq change of control proposal. If completed, investors and their affiliates are expected to own about 79% of outstanding common stock, with anchor investor David Hoffmann and affiliates increasing their stake from about 9.9% to roughly 52% and gaining board chairmanship and an additional board designee.
The company discloses recurring net losses and indicates it needs this financing to continue as a going concern and to support operations. Concurrently, its long‑term term loan with BH Finance LLC would be amended to cut the interest margin from 9.00% to 5.00% for five years, which is expected to save roughly $18 million annually, or about $90 million in total. CEO Kevin Mowbray plans to retire immediately before closing, with COO Nathan Bekke expected to serve as interim CEO; Mowbray will receive a $1.5 million severance and COBRA premiums, contingent on closing.
Lee Enterprises’ largest outside holders updated their stake. Entities affiliated with Mario Gabelli report beneficial ownership of 853,620 shares of Lee Enterprises common stock, representing 13.67% of the 6,243,660 shares outstanding as of January 6, 2026. GAMCO Asset Management accounts for 576,734 shares, or 9.24% of the company, while Gabelli Funds holds 236,886 shares, or 3.79%, with smaller positions at Gabelli Foundation and Teton Advisors.
The group used approximately $313,203 to buy additional shares since its most recent filing, including about $19,270 through Gabelli Funds’ advisory accounts and $12,473 from Gabelli Foundation working capital. On January 14, 2026, the reporting persons sent a letter to Lee’s shareholders outlining their views on recent company developments, including a proposed private placement, related financing transactions, and governance matters, while stating that no negotiations or agreements with the company are in place.
Lee Enterprises President & CEO Form 4 shows tax-related share disposals and new equity awards. The filing reports that the President & CEO, who is also a director of Lee Enterprises, Inc. (LEE), had common shares withheld and deemed disposed of to the company to cover taxes upon vesting of previously granted restricted stock, including 6,071 shares at $16.74, 4,223 shares at $4.15, and 768 shares at $3.45. Following these transactions, the insider beneficially owns 126,837 shares of common stock directly.
The filing also reports 13,380 employee stock options with a $16.36 exercise price and 16,374 additional equity-based rights tied to LEE common stock. These awards were approved on December 16, 2024, by the executive compensation committee, became effective after shareholder approval of an amendment to the 2020 Long-Term Incentive Plan on February 27, 2025, and the subsequent Form S-8 filing on March 11, 2025. One option grant vests in three equal annual installments beginning December 16, 2025, while the performance-based rights vest on September 26, 2027 if specified performance criteria are met.
Lee Enterprises executive V.P., CFO and Treasurer reported routine equity transactions in company stock. The filing shows tax withholding dispositions of common stock tied to vesting of previously granted restricted shares, including 1,639 shares at $16.74, 2,048 shares at $4.15, and 299 shares at $3.45, leaving 34,241 shares of common stock held directly.
The report also lists new employee stock options, each giving the right to buy common stock. One option for 5,203 shares at an exercise price of $16.36 becomes exercisable in three equal annual installments beginning on December 16, 2025 and expires on December 15, 2034. Another grant covers 6,364 performance-based rights tied to Lee Enterprises’ stock, which vest on their expiration date if specified performance criteria are met.
Lee Enterprises executive reports stock transactions and new equity awards. The company’s Vice President of Human Resources filed details of share dispositions related to tax withholding and grants of stock-based awards. The filing shows withholding-related dispositions of 759, 1,182, and 100 shares of common stock at prices of $16.74, $4.15, and $3.45, leaving 20,534 shares of common stock owned directly. It also reports grants of 1,734 employee stock options with a $16.36 exercise price and 2,121 performance-based rights to acquire common stock. These awards were approved on December 16, 2024, became effective after shareholder approval on February 27, 2025 and the related Form S-8 filing on March 11, 2025, and vest over time based on service and stock performance conditions.
Lee Enterprises chief operating officer reports equity transactions and awards. The filing shows tax-related dispositions of 972, 1,970 and 342 shares of common stock on 12/09/2022, 12/09/2025 and 12/16/2025, leaving 35,937 shares of common stock owned directly.
The officer also acquired employee stock options covering 5,946 shares at an exercise price of $16.36, exercisable from 03/11/2025 and expiring on 12/15/2034, with vesting in three equal annual installments beginning 12/16/2025. Additional rights tied to 7,273 shares of common stock represent contingent performance-based rights that vest on 09/26/2027 if specified performance criteria are met.
Lee Enterprises reported insider activity by its Vice President of Sales and Marketing. The officer used share withholding to cover taxes on vesting restricted stock, disposing of 191, 1,230 and 148 shares of common stock at prices of $16.74, $4.15 and $3.45, respectively, and now directly holds 17,358 shares.
The filing also shows new equity awards approved under the company’s long-term incentive plan. The officer received an employee stock option for 2,478 shares at an exercise price of $16.36, expiring on December 15, 2034, vesting in three equal annual installments beginning December 16, 2025. In addition, 3,030 performance-based rights were granted, each tied to one share of common stock and vesting on September 26, 2027, if specified performance criteria are met.