Company: SGA
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001558370-25-008957
Chunk: 0

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-06-27
Form: 11-K
Chunk 0
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<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 11-K

_________________

þANNUAL REPORT PURSUANT TO SECTION 15( d ) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

◻TRANSITION REPORT PURSUANT TO SECTION 15( d ) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2024

Commission File Number 1-11588

Saga Communications, Inc. Employees’ 401(k) Savings and Investment Plan(Full title of plan)

SAGA COMMUNICATIONS, INC.

(Name of issuer of the securities held pursuant to plan)

73 Kercheval Avenue

Grosse Pointe Farms, Michigan 48236

(Full address of its principal executive office)

REQUIRED INFORMATION</div>

THE SAGA COMMUNICATIONS, INC. EMPLOYEES’ 401(K) SAVINGS AND INVESTMENT PLAN IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA). IN LIEU OF THE REQUIREMENTS OF ITEMS 1, 2 AND 3 OF FORM 11-K FOR ANNUAL REPORTS, THE FINANCIAL STATEMENTS AND SCHEDULES OF THE PLAN FOR THE TWO YEARS ENDED December 31, 2024 and 2023, WHICH HAVE BEEN PREPARED IN ACCORDANCE WITH THE FINANCIAL REPORTING REQUIREMENTS OF ERISA, ARE INCLUDED IN THIS REPORT.

<div align='center'>2</div>

Saga Communications, Inc. Employees’ 401(k) Savings and Investment Plan Table of Contents Financial Statements and Supplemental Schedule Years ended December 31, 2024 and 2023

|                                                                                                     | Page |
| Report of Independent Registered Public Accounting Firm                                             |    4 |
| FINANCIAL STATEMENTS:                                                                               |      |
| Statements of Net Assets Available for Benefits – December 31, 2024 and 2023                        |    5 |
| Statements of Changes in Net Assets Available for Benefits – Years ended December 31, 2024 and 2023 |    6 |
| Notes to Financial Statements                                                                       |    7 |
| SUPPLEMENTAL SCHEDULE:                                                                              |      |
| Schedule H line 4(i) - Schedule of Assets (Held at End of Year)                                     |   15 |
| Other Information:                                                                                  |