Item 8.01 Other Events.
On September 20, 2021, Lamar Advertising Company (the "Company") issued a press
release announcing that its board of directors has authorized the extension of
the Company's existing (i) stock repurchase program, which provides for the
repurchase of up to $250 million of its Class A common stock and (ii) debt
repurchase program, which provides for the repurchase by Lamar Media Corp., its
wholly owned subsidiary, of up to $250 million of Lamar Media Corp.'s
outstanding senior or senior subordinated notes, if any, and other indebtedness
outstanding from time to time under Lamar Media Corp.'s credit agreement. The
repurchase programs, which were previously set to expire on September 30, 2021,
have been extended through March 31, 2023. The repurchase programs may be
further extended, suspended or discontinued at any time.
Such repurchases may be made on the open market or in privately negotiated
transactions. The timing and amount of any repurchases will be determined by the
Company's management based on its evaluation of market conditions and other
factors. As of the date hereof, no repurchases have been made under the existing
repurchase programs. The Company may also establish
10b5-1
trading plans from time to time that will provide flexibility if and when it
buys back securities.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

Exhibit
  No.      Description

99.1         Press Release of Lamar Advertising Company dated September 20, 2021.

104.1      Cover Page Interactive Data File-(embedded within the Inline XBRL document).

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses