LEE ENTERPRISES, Inc
For the period ended Jan 16, 2025. Filed Jan 16, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jan 16, 2025 · Filed Jan 16, 2025
Contents
Pay Versus Performance
Under newly-adopted rules of the Securities and Exchange Commission, the following tabular disclosure is required to disclose the relationship between executive compensation registrants actually paid and the financial performance of the Company. The following tables and graphs show the relationship between the compensation actually paid to our NEOs and our financial performance.
| Year | Summary Compensation Table Total For CEO (1) | Compensation Actually Paid to CEO (1)(2) | Average Summary Compensation Table Total for Non-CEO NEOs(3) | Average Compensation Actually Paid to Non-CEO NEOs(2)(3) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return (“TSR”) | Net Loss (Income) (4) |
|---|---|---|---|---|---|---|
| 2024 | 1,106,261 | 834,597 | 641,280 | 519,354 | 37.00 | (23,573,000) |
| 2023 | 1,325,451 | 778,260 | 672,387 | 401,532 | 46.30 | (2,733,000) |
| 2022 | 2,331,835 | 1,547,983 | 1,084,477 | 644,257 | 71.70 | 97,000 |
(1)The CEO in 2024, 2023 and 2022 was Mr. Mowbray.
(2)See the table immediately following these footnotes for a reconciliation of the Summary Compensation Table compensation and the Compensation Actually Paid to the CEO and Non-CEO NEO’s.
(3) Non-CEO NEOs in 2024, 2023, and 2022 were Messrs. Millage and Bekke.
(4)The amounts reported in this column represent net (loss) income reflected in the Company’s audited financial statements for the applicable year.
The following table reconciles the Summary Compensation Table compensation to the Compensation Actually Paid in the above table.
| CEO | Non-CEO NEOs | |||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2024 | 2023 | 2022 | |
| Total Compensation as reported in the Summary Compensation Table (“SCT”) | 1,106,261 | 1,325,451 | 2,331,835 | 641,280 | 672,387 | 1,084,477 |
| Deduction for Amounts Reported under the “Stock Awards” Column in the SCT | (184,590) | (268,050) | (400,000) | (80,842) | (127,500) | (250,000) |
| Increase (decrease) for Fair Value of Awards Granted during year that Remain Unvested as of Year End | — | (103,200) | (173,277) | — | (49,089) | (108,303) |
| Increase (decrease) for Change in Fair Value from Prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end | (62,324) | (170,541) | (235,550) | (34,025) | (93,105) | (84,859) |
| Increase (decrease) for Change in Fair Value from Prior-year to Vesting Date of Awards Granted Prior to year that Vested during year | (24,750) | (5,400) | 24,975 | (7,059) | (1,161) | 2,942 |
| Compensation Actually Paid (“CAP”) | 834,597 | 778,260 | 1,547,983 | 519,354 | 401,532 | 644,257 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.