Company: SGA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010932
Chunk: 9

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 4C
Chunk 9
---
Item 4. Controls and Procedures

As of the end of the period covered by this report, the Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Rule 13a-15 of the Securities Exchange Act of 1934. Based upon that evaluation, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective to cause the material information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 to be recorded, processed, summarized and reported within the time periods specified in the Security and Exchange Commission’s rules and forms. 

As previously disclosed in our Form 10-K for the year ended December 31, 2024, we identified a material weakness in our internal control over financial reporting related to ineffective controls over broadcast revenue reconciliations and digital revenue reconciliations.

During the 2nd quarter of 2025, management completed the implementation of controls to address this weakness.  These controls included enhancements to system access controls, implementation of new reconciliation procedures, and increased monitoring by management.

As of June 30, 2025, management has completed its evaluation and concluded that the material weakness has been fully remediated, as the related controls have operated effectively for a sufficient period of time.  Accordingly, management has concluded that our internal control over financial reporting was effective as of June 30, 2025.   

Except as noted above, there were no changes in our internal control over financial reporting during the six months ended June 30, 2025, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

​

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, the Company may be involved in various legal proceedings that are incidental to the Company’s business. In management’s opinion, the Company is not a party to any current legal proceedings that are material to its financial condition, either individually or in the aggregate.

Item 1A. Risk Factors

There have been no material changes to the risk factors previously disclosed in response to Part 1, “Item 1A. Risk Factors,” of our annual report on Form 10-K for the year ended December 31, 2024.

​

​