# EDGAR Filing Document

**Accession Number:** 0000058361
**File Stem:** 0000950170-25-097251
**Filing Date:** 2025-7
**Character Count:** 13605
**Document Hash:** 47e420ac743f4e61c74b15106958ea16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-097251.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0000950170-25-097251

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEE ENTERPRISES, Inc
- **CENTRAL INDEX KEY:** 0000058361
- **STANDARD INDUSTRIAL CLASSIFICATION:** NEWSPAPERS:  PUBLISHING OR PUBLISHING & PRINTING [2711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 420823980
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0929

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-18297
- **FILM NUMBER:** 251137545

**BUSINESS ADDRESS:**
- **STREET 1:** 4600 E. 53RD STREET
- **CITY:** DAVENPORT
- **STATE:** IA
- **ZIP:** 52807
- **BUSINESS PHONE:** 5633832100

**MAIL ADDRESS:**
- **STREET 1:** 4600 E. 53RD STREET
- **CITY:** DAVENPORT
- **STATE:** IA
- **ZIP:** 52807

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEE ENTERPRISES, INC
- **DATE OF NAME CHANGE:** 20050610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEE ENTERPRISES INC
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jerrilyn M Hoffmann Revocable Trust dated May 30, 2001
- **CENTRAL INDEX KEY:** 0002041508

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 568 LINCOLN AVENUE
- **CITY:** WINNETKA
- **STATE:** IL
- **ZIP:** 60093
- **BUSINESS PHONE:** (847) 387-9771

**MAIL ADDRESS:**
- **STREET 1:** 568 LINCOLN AVENUE
- **CITY:** WINNETKA
- **STATE:** IL
- **ZIP:** 60093

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 6)**

**Lee Enterprises, Incorporated**

*(Name of Issuer)*

**Common Stock - $.01 Par Value Per Share**

*(Title of Class of Securities)*

**523768406**

*(CUSIP Number)*

**John McCarron**<br>568 Lincoln Ave.<br>Winnetka IL 60093<br>586-219-5266

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**07/21/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **523768406** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001** | Name of reporting person<br>**Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**FLORIDA** | Citizenship or place of organization<br>**FLORIDA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**618900.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**618900.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**618900.00** | Aggregate amount beneficially owned by each reporting person<br>**618900.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.95%** | Percent of class represented by amount in Row (11)<br>**9.95%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Revocable Trust

| **CUSIP No.** | **523768406** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jerrilyn M. Hoffmann** | Name of reporting person<br>**Jerrilyn M. Hoffmann** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**618900.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**618900.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**618900.00** | Aggregate amount beneficially owned by each reporting person<br>**618900.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.99%** | Percent of class represented by amount in Row (11)<br>**9.99%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** This Amendment No. 6 relates to the shares of common stock, $.01 par value, of Lee Enterprises, Incorporated, a Delaware corporation (the "Issuer") and amends the initial statement on Schedule 13D filed by the Reporting Persons on Schedule 13D on October 17, 2024, as amended by Amendment No. 1 filed on October 25, 2024, Amendment No. 2 filed on October 31, 2024, Amendment  No. 3 filed on November 14, 2024, Amendment No. 4 filed on December 16, 2024, and Amendment No. 5 filed on March 31, 2025 (collectively, the "Amended Statement").  Capitalized terms used but not defined herein have the meanings assigned to them in the Amended Statement and unless amended and restated hereby, all information in the Amended State remains in effect.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock - $.01 Par Value Per Share

**(b) Name of Issuer:**
Lee Enterprises, Incorporated

**(c) Address of Issuer's Principal Executive Offices:**
4600 E. 53rd Street, Davenport, IA, 52807

**Item 4. Purpose of Transaction**

The Reporting Persons are filing this Amendment No. 6 to report a change in its intentions.  Item 4 of the Amended Statement is hereby amended and supplemented by adding the following at the end of Item 4 of the Amended Statement:

On July 18, 2025, the Reporting Persons, though their affiliate Hoffmann Family of Companies ("Hoffmann), delivered a letter (the "July 2025 Letter") to the Issuer's Board of Directors and management, proposing a potential transaction in which Hoffmann would purchase $25 million of the Issuer's common shares ("Common Shares") at a purchase price of $2.00 per Common Share, and the Issuer would offer an additional $25 million of Shares to its existing shareholders, at the same purchase price of $2.0 per Common Share, in a rights offering that would be fully backstopped by Hoffmann.  The proposed transaction and resulting capital structure implies a pre-money enterprise valution of the Issuer of approximately $462 million, based on the Issuer's current long-term debt obligations and number of outstanding Shares. In connection with the proposed transaction, the July 2025 Letter includes a request by Hoffmann that the Issuer consider an amendment or waiver of provisions of its existing Rights Agreement dated March 28, 2024 and amended on March 26, 2025, pursuant to which the Issuer's shareholders have been issued rights to purchase shares of the Issuer's preferred stock upon the attainment by any person of beneficial ownership of 15% or more of the Issuer's Common Shares.

The July 2025 Letter follows prior communications and preliminary discussions between the Issuer and the Reporting Persons regarding potential transactions involving the recapitalization of the Issuer in a manner intended to benefit the shareholders and other stakeholders.

Further details regarding the proposal are set forth in the July 2025 Letter  dated July 18, 2025 and attached to this Statement as Exhibit 99.1.

There can be no assurance that the Reporting Persons or its Affiliates and Issuer will commence or complete a potential transaction, or that the Reporting Persons will or will not develop any alternative plans with respect to their investment in the Issuer. Except as described in this Item 4 or as would occur upon the completion of a transaction as described herein, as of the date of this Amendment No. 6, the Reporting Persons have no present plan or proposal that relates to or would result in any of the matters set forth in subsections (1) through (j) of Schedule 13D.

The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions and negotiations related to the proposed transaction described above, the Issuer's financial position, results and strategic direction, actions taken by the Issuer's management and Board, price levels of the Common Shares and other investment opportunities available to the Reporting Persons, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, acquiring additional Common Stock and/or other equity or other securities of the Issuer or disposing of some or all of the securities beneficially owned by them in public market or privately negotiated transactions and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D.  As of the date of this Amendment No. 6, the Reporting Persons have no intent to pursue acquisition of the Issuer through a tender offer or other hostile means, and nothing in this Amendment No. 6 or any discussions of a proposed transaction is meant to be, or should be construed as, an offer to buy any of the Issuer's securities.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The responses of the Reporting Persons to rows 7, 8, 9, 10, 11 and 13 on the cover pages of this Statement are incorporated herein by reference. As of 4:00 p.m., Eastern time, on July 18, 2025, the Reporting Persons beneficially owned 618,900 shares of Common Stock, representing approximately 9.950% of the outstanding shares of Common Stock. The percentage in this paragraph relating to beneficial ownership of Common Stock is based on 6,220,064 shares of Common Stock outstanding as of April 30, 2025, as reported in the Form 10-Q for the fiscal quarter ended March 30, 2025, of the Issuer.

**(b)**
618,900

**(c)**
The Reporting Persons have not effected any transactions in the Common Stock during the past sixty days or since the filing on the Schedule 13D Amendment No. 5, whichever is less.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Other than as described in this Statement, to the knowledge of the Reporting Persons, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or between the Reporting Persons and any other persons with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Jerrilyn M. Hoffmann Revocable Trust dated May 30, 2001

**Signature:** /s/ Jerrilyn M. Hoffmann

**Name/Title:** Jerrilyn M. Hoffmann, Trustee

**Date:** 07/21/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Jerrilyn M. Hoffmann

**Signature:** /s/ Jerrilyn M. Hoffmann

**Name/Title:** Jerrilyn M. Hoffmann, Trustee

**Date:** 07/21/2025