Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On May 9, 2022, the Board of Directors (the "Board") of Lee Enterprises,
Incorporated (the "Company") elected Shaun E. McAlmont, PhD, as a member of the
Board. Dr. McAlmont's term commences on May 9, 2022. The Board has determined
that Dr. McAlmont is an independent director under SEC and NASDAQ rules. Dr.
McAlmont has not yet been named to a committee of the Board.
Like the other non-employee members of the Board, Dr. McAlmont will receive an
annual cash retainer of $100,000 for his service on the Board (prorated to
reflect the date his service commences).
Under the Company's 2020 Long-Term Incentive Plan ("2020 Plan"), in 2021,
non-employee directors received an annual grant of restricted common stock
valued in the amount of $50,000. Under the 2020 Plan, on June 1 of each year
following his appointment to the Board, Dr. McAlmont will receive an award of
restricted common stock valued in an amount determined by the Board from time to
time. The Stock Plan enables non-employee directors to increase their ownership
of shares of our Common Stock and thereby align their interests more closely
with the interests of our other stockholders. Under the 2020 Plan, a restricted
stock award to a non-employee director vests on the first anniversary of the
date of the award.
A copy of the news release announcing Dr. McAlmont's appointment is attached
hereto as Exhibit 99.1 and incorporated herein by reference.
Item 8.01. Other Events.
On May 9, 2022, pursuant to Article III, Section I of the Second Amended and
Restated Bylaws of the Company, the Board fixed the number of directors of the
Board at nine (9), increasing the size of the Board by one.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 News Release of Lee Enterprises, Incorporated dated May 9, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
© Edgar Online, source Glimpses
LEE ENTERPRISES, INCORPORATED 
