Lee Enterprises Sends Informational Brochure to Shareholders

Rhea-AI Summary

Lee Enterprises, Incorporated (NASDAQ: LEE) issued a brochure urging shareholders to vote for its board's three nominees using the WHITE proxy card in advance of its Annual Meeting on March 10, 2022. The brochure emphasizes Lee's Three Pillar Digital Growth Strategy, which has produced strong results and is essential for the company's long-term goals. Lee aims to protect shareholder investments through continuity in its board leadership. All shareholders as of January 12, 2022, are eligible to vote, and additional details can be found on the company’s website.

Positive

• Strong emphasis on the Three Pillar Digital Growth Strategy driving positive results.
• Urgent call for shareholders to support board continuity to ensure execution of growth strategy.

Negative

• None.

Urges Shareholders to Vote FOR the Board’s Three Highly Experienced Nominees on the WHITE Proxy Card Today

DAVENPORT, Iowa, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (NASDAQ: LEE) (“Lee” or the “Company”) today sent an informational brochure to shareholders in connection with its upcoming Annual Meeting on March 10, 2022. All shareholders at the close of business on January 12, 2022 are entitled to vote at the Annual Meeting.

The brochure provides an overview of Lee’s Three Pillar Digital Growth Strategy, which is driving strong results and positioning Lee to meet its long-term digital targets. It also highlights why Lee’s incumbent Board is critical to the continued execution of the Company’s digital growth strategy.

Lee’s Board urges shareholders to protect their investment by voting “FOR” ALL the Board’s three nominees using the WHITE proxy card.

The brochure and additional information related to Lee’s 2022 Annual Meeting can be found at https://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 LLC
509 Madison Avenue Suite 1206
New York, NY 10022
Shareholders Call Toll Free: 800-662-5200
Banks, Brokers, Trustees, and Other Nominees Call Collect: 203-658-9400
Email: LEE@investor.MorrowSodali.com

About Lee Enterprises
Lee 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 Statements
The information provided in this press release 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 press release.

Investor Contact IR@lee.net (563) 383-2100

Media Contact Jamie Tully/Hayley Cook Sard Verbinnen & Co Lee-SVC@sardverb.com

FAQ

What is the date of Lee Enterprises' Annual Meeting in 2022?

Lee Enterprises' Annual Meeting is scheduled for March 10, 2022.

What should shareholders do to vote for Lee Enterprises' nominees?

Shareholders should vote FOR all the Board's nominees using the WHITE proxy card.

What is the significance of the WHITE proxy card for Lee Enterprises' shareholders?

The WHITE proxy card is used to indicate support for the board's nominees and is crucial for maintaining board leadership.

When is the cut-off date for eligibility to vote at Lee Enterprises' Annual Meeting?

The cut-off date for eligibility to vote is January 12, 2022.

What is Lee Enterprises' stock symbol?

Lee Enterprises is traded on NASDAQ under the symbol LEE.