Company: SGA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010932
Chunk: 12

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 5
Chunk 12
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Item 5. Other Information

(a)None. 

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(b)On June 20, 2025, the Company filed a Current Report on Form 8-K announcing the adoption of an amended and restated bylaws (“Amended and Restated Bylaws”) of the Company, which make material changes to the procedures by which the Company’s shareholders may recommend nominees to the Company’s Board of Directors.  The Amended and Restated Bylaws, among other things:

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●Enhance procedural mechanics and disclosure requirements applicable to shareholder nominations of directors and submissions of proposals regarding other business at shareholder meetings (excluding proposals submitted pursuant to Rule 14a-8 under the Exchange Act, including by defining certain terms and requiring disclosure of relationships of noticing shareholders with other shareholders, entities that provide financial support for a nomination or proposal, conflicts of interest of a noticing party, and compensation received by director nominees; 

●Provide the same timeliness requirements for such shareholder nominations and proposals regarding other business;

●Provide that the Company may disregard any proxies or votes for a noticing shareholder’s director nominees if, after such shareholder provides notice to the Company pursuant to Rule 14a-19 under the Exchange Act, such shareholder subsequently fails to comply with the rule;

●Require a shareholder submitting a nomination or proposal for other business pursuant to the Amended and Restated Bylaws to update or supplement its notice to the Company as of specified dates;

●Specify the powers of the Board and chair of a shareholder meeting to regulate conduct at such meeting and to adjourn a meeting;

●Require director candidates to complete a written questionnaire, make themselves available for interviews with members of the Board, and make a representation regarding any voting commitments, arrangements with other shareholders, and intent to serve as a director if elected;

●Establish procedures for the fixing of a record date for determining stockholders entitled to call a special meeting of shareholders;

●Provide that a record date for the purpose of determining the shareholders entitled to notice of, or to vote at, any shareholders’ meeting, or for other specified purposes, shall not be more than 70 days before the meeting or other action requiring a determination of shareholders;