Item 8.01 Other Events. OnSeptember 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 byLamar Media Corp. , its wholly owned subsidiary, of up to$250 million ofLamar Media Corp.'s outstanding senior or senior subordinated notes, if any, and other indebtedness outstanding from time to time underLamar Media Corp.'s credit agreement. The repurchase programs, which were previously set to expire onSeptember 30, 2021 , have been extended throughMarch 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 ofLamar Advertising Company datedSeptember 20, 2021 . 104.1 Cover Page Interactive Data File-(embedded within the Inline XBRL document).
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