Saga Communications (SGA) CEO begins indefinite medical leave; COO and CFO step in

Rhea-AI Filing Summary

Saga Communications, Inc. reported that Chief Executive Officer Christopher S. Forgy has begun a temporary medical leave of absence starting on February 13, 2026, with an indefinite recovery period. The company expects Mr. Forgy to remain available for consultation on significant matters while he recovers. The Board has designated Chief Operating Officer Wayne Leland and Chief Financial Officer Samuel D. Bush to assist with the CEO’s responsibilities until he returns from medical leave, providing interim leadership coverage across operations and finance.

Positive

• None.

Negative

• CEO medical leave with indefinite recovery period introduces leadership uncertainty at Saga Communications, as the long-term timing of Christopher S. Forgy’s return is not defined, which may weigh on perceptions of strategic stability.

Insights

Corporate governance and risk analyst

CEO medical leave creates leadership uncertainty, partly mitigated by shared interim coverage.

Saga Communications disclosed that CEO Christopher S. Forgy has taken a temporary medical leave with an indefinite recovery period. This introduces leadership uncertainty at the top of the organization, which can affect strategic decision-making and investor confidence.

The company notes that Mr. Forgy is expected to be available for consultation on significant matters, which may help continuity on major decisions. Day-to-day and operational responsibilities will be assisted by COO Wayne Leland and CFO Samuel D. Bush, combining operational and financial oversight in the interim.

The disclosure does not specify any formal change in titles or long-term succession plans, so the actual impact will depend on the duration of the medical leave and how smoothly responsibilities are coordinated between the COO and CFO. Future company communications may clarify longer-term leadership structure if the situation persists.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 13, 2026

SAGA COMMUNICATIONS, INC.

(Exact Name of Registrant as Specified in its Charter)

Florida		1-11588		38-3042953
(State or other jurisdiction		(Commission File Number)		(IRS Employer
of incorporation)				Identification No.)

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73 Kercheval Avenue
Grosse Pointe Farms, MI		48236
(Address of Principal Executive Offices)		(Zip Code)

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Registrant’s telephone number, including area code: (313) 886-7070

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share	SGA	NASDAQ Global Market

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On February 13, 2026, Saga Communications, Inc. (the “Company”) announced that Christopher S. Forgy, the Chief Executive Officer of the Company (“CEO”), began a temporary medical leave of absence that requires an indefinite period of recovery.  We anticipate that Mr. Forgy will be available for consultation on significant matters during his recovery and the Board has designated Wayne Leland, the Company’s Chief Operating Officer and Samuel D. Bush, the Company’s Chief Financial Officer to assist with Mr. Forgy’s responsibilities until Mr. Forgy returns from his medical leave.

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Item 9.01.Financial Statements and Exhibits.

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(d) Exhibits.

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104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ugust
​	SAGA COMMUNICATIONS, INC.
Dated: February 13, 2026	By:	/s/ Samuel D. Bush
		Samuel D. Bush
		Executive Vice President and Chief
		Financial Officer

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FAQ

What did Saga Communications (SGA) announce about its CEO?

Saga Communications announced that CEO Christopher S. Forgy has begun a temporary medical leave of absence effective February 13, 2026. He is expected to remain available for consultation on significant matters while recovering, but the recovery period is described as indefinite.

Who will handle leadership responsibilities at Saga Communications (SGA) during the CEO’s medical leave?

During the CEO’s medical leave, Saga Communications’ Chief Operating Officer Wayne Leland and Chief Financial Officer Samuel D. Bush have been designated to assist with Christopher S. Forgy’s responsibilities. Their shared role is intended to cover key operational and financial duties until his return.

Is Christopher S. Forgy completely stepping away from Saga Communications (SGA)?

Christopher S. Forgy is not completely stepping away from Saga Communications; he has taken a temporary medical leave but is anticipated to be available for consultation on significant matters. This means he may still provide input on major decisions while recovering.

Did Saga Communications (SGA) name an interim CEO during the medical leave?

Saga Communications did not name a single interim CEO. Instead, the Board designated COO Wayne Leland and CFO Samuel D. Bush to assist with CEO responsibilities, effectively sharing leadership coverage rather than formally appointing a new chief executive officer.

How long will the Saga Communications (SGA) CEO’s medical leave last?

The company stated that CEO Christopher S. Forgy requires an indefinite period of recovery. No specific end date or timeline is provided, so the duration of his medical leave remains open-ended based on his health and ability to return.

What role will CFO Samuel D. Bush play at Saga Communications (SGA) during this period?

CFO Samuel D. Bush has been designated, along with COO Wayne Leland, to assist with the CEO’s responsibilities during Christopher S. Forgy’s medical leave. Bush continues as Executive Vice President and Chief Financial Officer while supporting broader leadership duties.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 EX-101.SCH 2.6 KB
• EX-101 EX-101.LAB 14.9 KB
• EX-101 EX-101.PRE 9.6 KB