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EX-99.1 - EXHIBIT 99.1 - SAGA COMMUNICATIONS INCtm2022905d1_ex99-1.htm

 

 

 

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): June 18, 2020

  

SAGA COMMUNICATIONS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

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

 

73 Kercheval Avenue

Grosse Pointe Farms, MI

48236
(Address of Principal Executive Offices) (Zip Code)

   

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

 

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. ¨

  

 

 

   

 

  

Item 8.01 Other Events

 

On June 18, 2020, Saga Communications, Inc. announced that its Board of Directors is temporarily suspending its quarterly cash dividend in response to the continued economic uncertainty of the ongoing impact of COVID-19, as set forth in the press release included as Exhibit 99.1 hereto.

 

Item 9.01 Financial Statements and Exhibits

  

(d)Exhibits.

 

Exhibit No.   Description
     
99.1   Press Release dated June 18, 2020.

  

   

 

 

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. 

 

  SAGA COMMUNICATIONS, INC.
     
     
Dated: June 18, 2020 By:   /s/ Samuel D. Bush
         Samuel D. Bush
         Senior Vice President and Chief Financial Officer

  

   

 

 

INDEX OF EXHIBITS

 

Exhibit No.   Description
     
99.1   Press release dated June 18, 2020.