Lee Enterprises (LEE) EGM 2026 summary

Opening remarks and agenda

• Meeting conducted virtually to facilitate access and participation by stockholders.

• Four proposals described in the proxy statement to be presented and acted upon.

• Executive team and board members introduced and available for questions.

Specific resolutions to be voted on

• Proposal 1: Amend certificate of incorporation to increase authorized common stock from 12 million to 40 million shares.

• Proposal 2: Approve issuance of 16,000,000 shares of common stock under PIPE Purchase Agreement at $3.25 per share.

• Proposal 3: Approve issuance of PIPE common shares that may result in a Nasdaq Change of Control.

• Proposal 4: Approve adjournment of the meeting if necessary to solicit additional proxies.

Corporate governance

• Quorum established with over 63% of eligible shares represented.

• Inspector of elections appointed to oversee voting and tabulation.

• Voting procedures and rules of conduct outlined and accessible to participants.