Lee Enterprises Sends Letter to Shareholders Ahead of March 10 Annual Meeting
2022年3月2日 - 9:00PM
Lee Enterprises, Incorporated (NASDAQ: LEE) (“Lee”) today sent a
letter to shareholders urging them to vote
“FOR”
the Board’s three nominees standing for reelection at Lee’s 2022
Annual Meeting on March 10: Chairman Mary Junck, Lead Independent
Director Herb Moloney and Chief Executive Officer Kevin Mowbray.
The letter highlights the recent recommendation from leading
independent proxy advisory firm Institutional Shareholder Services
(ISS) to vote the WHITE proxy card
“FOR” all of Lee’s director nominees; the
significant progress Lee is making on the continued execution of
its Three Pillar Digital Growth Strategy; and the strength of Lee’s
incumbent, highly qualified and recently refreshed Board.
The letter also reminds shareholders that in the last few weeks,
Alden Global Capital, LLC (together with its affiliates, “Alden”)
has also filed two lawsuits against Lee as part of its campaign,
both of which were recently rejected by the Delaware Court of
Chancery.
Lee’s Board urges shareholders to protect their investment by
voting “FOR” ALL the
Board’s three nominees using
the WHITE proxy card. If you have
already returned a blue proxy card sent by Alden, you can change
your vote by signing, dating, and returning
a WHITE proxy card. Only your latest
dated proxy card will be counted.
The letter and additional information related to Lee’s 2022
annual meeting can be found at
investors.lee.net/2022-annual-meeting.
If you have any questions or require any assistance in voting
your shares, please contact Lee’s proxy solicitor:
Morrow Sodali LLC509 Madison Avenue Suite 1206New
York, NY 10022Shareholders Call Toll Free: 800-662-5200Banks,
Brokers, Trustees, and Other Nominees Call Collect:
203-658-9400Email: LEE@investor.MorrowSodali.com
About Lee EnterprisesLee Enterprises is a major
subscription and advertising platform and a leading provider of
local news and information, with daily newspapers, rapidly growing
digital products and over 350 weekly and specialty publications
serving 77 markets in 26 states. Year to date, Lee’s newspapers
have average circulation of 1.0 million, and our legacy website,
including acquisitions, reach more than 47 million digital unique
visitors. Lee’s markets include St. Louis, MO; Buffalo, NY; Omaha,
NE; Richmond, VA; Lincoln, NE; Madison, WI; Davenport, IA; and
Tucson, AZ. Lee Common Stock is traded on NASDAQ under the symbol
LEE. For more information about Lee, please visit www.lee.net.
Forward-Looking StatementsThe
information provided in this communication may include
forward-looking statements relating to future events or the future
financial performance of the Company. Because such statements are
subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Words such as “aims,” “anticipates,” “plans,”
“expects,” “intends,” “will,” “potential,” “hope” and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are based upon current
expectations of the Company and involve assumptions that may never
materialize or may prove to be incorrect. Actual results and the
timing of events could differ materially from those anticipated in
such forward-looking statements as a result of various risks and
uncertainties. Detailed information regarding factors that may
cause actual results to differ materially from the results
expressed or implied by statements in report relating to the
Company may be found in the Company’s periodic filings with the
SEC, including the factors described in the sections entitled “Risk
Factors,” copies of which may be obtained from the SEC’s website at
www.sec.gov. The Company does not undertake any obligation to
update forward-looking statements contained in this
communication.
Investor
ContactIR@lee.net(563) 383-2100 |
Media
ContactJamie Tully/Jenny GoreSard Verbinnen &
CoLee-SVC@sardverb.com |
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