SAGA COMMUNICATIONS, INC. (NYSEMKT:SGA) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07(d) of Form 8-K, the Company’s decision as to how frequently the Company will conduct future advisory votes regarding the compensation of named executive officers. No other changes have been made to the Original 8-K.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
Consistent with the recommendation of the Board of Directors of the Company as set forth in the Company’s proxy statement for its 2017 Annual Meeting and the vote of the Company’s stockholders at the 2017 Annual Meeting, the Company is confirming that it adopted a policy to include an advisory stockholder vote on the compensation of named executive officers in its proxy materials every three years. This policy will remain in effect until the next required stockholder vote regarding the frequency with which stockholders will be provided an advisory vote on the compensation of named executive officers, which is expected to be held at the Company’s 2023 Annual Meeting of Stockholders.
About SAGA COMMUNICATIONS, INC. (NYSEMKT:SGA)
Saga Communications, Inc. is a broadcast company primarily engaged in acquiring, developing and operating broadcast properties. The Company owns and/or operates over four television stations and over five low-power television stations serving approximately two markets, and over 67 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving approximately 20 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri. The Company operates in two segments: Radio and Television. The Radio segment includes over 23 markets, which includes approximately 100 of its radio stations. The Television segment includes over two markets and consists of approximately four television stations and over five low power television (LPTV) stations. The radio stations that the Company owns and/or operates employ various programming formats, including Classic Hits and Country.