Company: SGA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010932
Chunk: 6

Company: SAGA COMMUNICATIONS INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 2U
Chunk 6
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

We made no unregistered sales of equity securities during the quarter ended June 30, 2025. 

The following table summarizes our repurchases of our Class A Common Stock during the three months ended June 30, 2025.

​​​​​​​​​​​​​​​​​​Total Number​Approximate​​​​​​​of​Dollar​​​​​​Shares​Value of​​​​​​Purchased​Shares​​Total ​Average​as Part of​that May Yet be​​Number​Price​Publicly​Purchased​​of Shares​Paid per​Announced​Under thePeriod    Purchased     Share    Program    Program (1)April 1 - April 30, 2025​ —​$ —​ —​$ 17,686,383May 1 - May 31, 2025​ —​$ —​ —​$ 17,686,383June 1 - June 30, 2025​ —​$ —​ —​$ 17,686,383Total  —​$ —  —​$ 17,686,383

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(1)We have a Stock Buy-Back Program which allows us to purchase our Class A Common Stock. In February 2013, our Board of Directors authorized an increase in the amount committed to the Buy-Back Program from $60 million to approximately $75.8 million.

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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