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LEENasdaq
LEE ENTERPRISES, Inc
Newspapers: Publishing or Publishing & Printing · DE · CIK 58361
Lee Enterprises provides local news and marketing services through digital and print platforms
red 8-K · 90d
$220M
Market cap
$9.43
Last close
+4.7%
1D
+5.1%
5D
66K
Volume
Price · last 39 sessions+14.4%
May 4L $7.82 · H $11.76Jun 29
372
Total filings
May 20, 2026
Last filing
09/29
Fiscal year end
8-KCompany UpdateMay 20, 202610-Q10-QMay 8, 20268-KResults of Operations · Reg FD DisclosureMay 7, 20268-KExecutive Change · Reg FD DisclosureApr 24, 20268-KShareholder VoteApr 7, 2026SC 13D/ASC 13D/AMar 17, 2026DEF 14ADEF 14AMar 5, 2026DEFA14ADEFA14AMar 5, 20268-KCompany UpdateFeb 26, 202610-Q10-QFeb 11, 20268-KCompany UpdateFeb 10, 2026SC 13D/ASC 13D/AFeb 10, 2026SC 13D/ASC 13D/AFeb 9, 20268-KChange of Control · Executive ChangeFeb 5, 2026DEF 14ADEF 14AJan 20, 2026DEFA14ADEFA14AJan 20, 2026SC 13D/ASC 13D/AJan 14, 2026SC 13D/ASC 13D/AJan 2, 2026DEFA14ACURRENT REPORTDec 30, 20258-KExecutive Change · Material AgreementDec 30, 20258-KCompany UpdateDec 18, 2025DEFA14ADEFA14ADec 2, 20258-KCompany UpdateDec 2, 202510-K10-KNov 26, 20258-KResults of Operations · Reg FD DisclosureNov 26, 20258-KExecutive Change · Reg FD DisclosureNov 21, 2025DEFA14ADEFA14ANov 13, 2025DEF 14ADEF 14ANov 13, 2025DEFA14ADEFA14ANov 10, 20258-KReg FD DisclosureNov 10, 2025S-1REGISTRATION STATEMENTNov 10, 202510-Q10-QAug 8, 20258-KResults of Operations · Reg FD DisclosureAug 8, 202510-Q10-QMay 9, 20258-KResults of Operations · Reg FD DisclosureMay 9, 20258-KMaterial Agreement · New Debt / ObligationMay 5, 20258-KMaterial AgreementApr 1, 20258-KMaterial Agreement · Security-Holder RightsMar 26, 20258-K/AMaterial AgreementMar 6, 20258-KShareholder VoteFeb 27, 20258-KCompany UpdateFeb 18, 202510-Q10-QFeb 7, 20258-KResults of Operations · Reg FD DisclosureFeb 7, 2025DEFA14ADEFA14AJan 16, 2025DEF 14ADEF 14AJan 16, 202510-K10-KDec 13, 20248-KResults of Operations · Reg FD DisclosureDec 12, 2024SC 13DSC 13DOct 17, 202410-Q10-QAug 2, 20248-KResults of Operations · Reg FD DisclosureAug 1, 20248-KExecutive Change · Reg FD DisclosureJul 18, 202410-Q10-QMay 3, 20248-KResults of Operations · Reg FD DisclosureMay 2, 2024SC 13DSC 13DApr 19, 20248-KSecurity-Holder Rights · Bylaw AmendmentMar 29, 20248-KShareholder VoteFeb 23, 2024SC 13GSC 13GFeb 14, 202410-Q10-QFeb 2, 20248-KResults of Operations · Reg FD DisclosureFeb 1, 2024SC 13GSCHEDULE 13GJan 22, 2024DEFA14ADEFA14AJan 12, 2024DEF 14ADEF 14AJan 12, 202410-K10-KDec 8, 20238-KResults of Operations · Reg FD DisclosureDec 7, 202310-Q10-QAug 4, 20238-KResults of OperationsAug 3, 202310-Q10-QMay 4, 20238-KResults of OperationsMay 4, 20238-KShareholder VoteApr 18, 2023DEFA14ADEFA14AMar 15, 20238-KCompany UpdateMar 10, 2023DEFA14ADEFA14AMar 3, 2023DEF 14ADEF 14AMar 3, 202310-Q10-QMar 2, 20238-KResults of OperationsMar 2, 202310-K10-KFeb 27, 20238-KDelisting Notice · Company UpdateFeb 14, 20238-KCompany UpdateFeb 6, 20238-KDelisting Notice · Company UpdateDec 30, 20228-KExecutive ChangeDec 27, 2022
Insider Activity
◆ Cluster Buy · 2 insidersIn the 90 days to Mar 13, 2026: 2 insiders bought $11.4M · 1 sold $243K.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Mar 13, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 27,800 | $9.35 | $260K |
| Mar 12, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 27,800 | $9.40 | $261K |
| Mar 11, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 27,800 | $9.33 | $259K |
| Mar 10, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 27,800 | $8.99 | $250K |
| Mar 9, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 27,800 | $9.30 | $259K |
| Mar 6, 2026 | Magid BrentDirector | Sell | 26,804 | $9.08 | $243K |
| Mar 6, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 19,000 | $9.19 | $175K |
| Mar 5, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 19,000 | $9.26 | $176K |
| Mar 4, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 19,000 | $9.16 | $174K |
| Mar 3, 2026 | Hoffmann David HenryDirector,TenPercentOwner | Buy | 19,000 | $9.16 | $174K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 2,000 | $8.99 | $18K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 2,000 | $8.84 | $18K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 1,500 | $9.20 | $14K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 1,000 | $9.17 | $9K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 1,000 | $8.80 | $9K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 500 | $9.87 | $5K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 500 | $9.85 | $5K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 500 | $9.60 | $5K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 500 | $9.32 | $5K |
| Mar 3, 2026 | Quint Digital LtdTenPercentOwner | Buy | 500 | $9.05 | $5K |
Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.
What Changed
Risk factors · Dec 13, 2024 → Nov 26, 202548 added · 14 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- On February 3, 2025, we experienced a cybersecurity incident that disrupted certain IT systems and resulted in unauthorized access to certain files (the “Cyber Incident”).
- For example, consumer preferences change frequently and are difficult to predict, and when faced with a multitude of choices, consumers may place greater value on the convenience and price of products and services than they do on their source, quality, or reliability.
- On February 3, 2025, we experienced a Cyber Incident that disrupted certain IT systems and resulted in unauthorized access to certain files.
- As a result, the overall effect of the stockholder rights plan may be to render more difficult or discourage a merger, tender or exchange offer or other business combination involving us that is not approved by our board of directors even if the offer may be considered beneficial by some stockholders.
- As the availability of free content grows so does a consumer trend toward subscription fatigue, which in turn, may negatively affect our circulation, subscription, and advertising revenue and increase subscriber acquisition and retention costs.
- Generative AI technology's continued growth, development, and evolution is shifting the landscape among our competitors to adopt AI technology as a tool to create and deliver content to customers as well as act as a stand-alone competitor and such evolutions of AI technology may negatively impact our ability to attract, engage, and retain audience and subscribers, maintain and grow other revenue streams, and other risks.
- If we are unable to secure the required consent of BH Finance (including with respect to the proposed rights offering and other strategic or financing transactions), our ability to take advantage of future opportunities, including acquisition or financing opportunities, could be restricted. 9 Table of Contents Risks Related to Cybersecurity Our business, operating results, and reputation may be negatively impacted, and we may be subject to legal and regulatory claims if there is a loss, destruction, disclosure, misappropriation, or alteration of or unauthorized access to data owned or maintained by us, or if we are the subject of a significant data breach or cyberattack.
- For further discussion concerning ongoing litigation related to the Cyber Incident, see "Note 19, Commitments and Contingencies," to the consolidated financial statements included in Item 8 of Part II of this Annual Report. 11 Table of Contents
- Provisions of Delaware law and our certificate of incorporation and our second amended and restated by-laws (the “by-laws”) could make the acquisition of our Company and the removal of incumbent officers and directors more difficult.
- The safe and responsible integration of AI functionality as it rapidly evolves presents emerging ethical and legal challenges, and the use of such technologies may result in diminished brand trust and reputational harm.
- On November 10, 2025, we filed a registration statement with respect to the proposed rights offering of up to $50.0 million for general corporate purposes, including capital expenditures and working capital, as well as other activities necessary for our operations, such as investments in technology with respect to advertising strategies, audience outreach, our internal operations, and digital products.
- On March 28, 2024, our board of directors adopted the stockholder rights plan, pursuant to which each holder of record of voting common stock received one preferred share purchase right (a “Right”) for each share of voting common stock outstanding as of April 8, 2024.
No longer disclosed
- Risks Related to Cybersecurity Our business, operating results, and reputation may be negatively impacted, and we may be subject to legal and regulatory claims if there is a loss, destruction, disclosure, misappropriation, or alteration of or unauthorized access to data owned or maintained by us, or if we are the subject of a significant data breach or cyberattack.
- If we are unable to 10 Table of Contents secure the required consent of BH Finance, our ability to take advantage of future opportunities, including acquisition or financing opportunities, could be restricted.
- In particular, Section 404 of the Sarbanes-Oxley Act requires us to perform system 7 Table of Contents and process evaluations and testing of our internal controls over financial reporting to allow management to report on the effectiveness of our internal controls over financial reporting.
- Responding to the changes described above may require us to make significant capital investments and incur significant research and development costs related to building, maintaining, and evolving our technology infrastructure, and our ability to make the level of investments required may be limited.
- See “Strategic Initiatives” in Item 1, included herein, for additional information on about our print and digital audiences. 9 Table of Contents We compete with a large number of companies in the local media industry, including digital media businesses and, if we are unable to compete effectively, our advertising and subscription revenues may decline.
- Unfavorable changes to the plan assets and/or the benefit obligations could increase the level of required contributions above what is currently estimated, which could reduce the cash available for our business and debt service. 12 Table of Contents
- As the use of the internet and mobile devices has increased, we have lost some classified advertising and subscribers to online advertising businesses and free Internet sites that contain abbreviated versions of our publications.
- Public health issues, whether occurring in the U.S. or Canada, could disrupt our operations, the operations of suppliers, or have an adverse impact on consumer spending and confidence levels.
- Compliance with Section 404 may require us to incur substantial accounting expenses and expend significant management efforts.
- In addition, a decrease in the discount rates or changes to mortality estimates and other assumptions used to determine the liability could increase the benefit obligation of the plans.
- Risks Related to Pension Liabilities Sustained increases in funding requirements of our pension and postretirement obligations may reduce the cash available for our business.
- Currently, the Term Note has an aggregate principal outstanding amount of $445.9 million.
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