Other Information
−Removed: None of the Company’s directors or executive officers adopted , modified or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement , as defined in Item 408 of Regulation S-K, during the Company’s fiscal quarter ended March 31, 2026.
+Added: (a) Termination of Credit Agreement.
+Added: On August 11, 2026, the Company terminated its Credit Agreement, dated as of August 18, 2015, as amended by that certain First Amendment, dated September 1, 2017, that certain Second Amendment, dated June 17, 2018, that certain Third Amendment, dated December 19, 2022, and that certain Fourth Amendment, dated October 17, 2025, among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (as amended, the “Credit Agreement”).
+Added: Prior to termination, the Credit Agreement provided for a revolving credit facility with aggregate commitments of $40.0 million.
+Added: As of June 30, 2026, the Company had $5.0 million of borrowings outstanding under the Credit Agreement, which borrowings were incurred in connection with the Company’s Lafayette acquisition, and approximately $35.0 million of unused borrowing capacity.
+Added: As of June 30, 2026, the Company was not in compliance with the Credit Agreement’s minimum fixed charge coverage ratio covenant.
+Added: After evaluating its cash position, short-term investments, expected operating cash flows and anticipated liquidity needs, the Company determined to repay all outstanding borrowings under the Credit Agreement and terminate the facility.
+Added: On August 6, 2026, the Company repaid the outstanding $5.0 million principal balance under the Credit Agreement, together with all accrued and unpaid interest and other amounts payable in connection therewith.
+Added: On August 11, 2026, the Company terminated the Credit Agreement.
+Added: Following such termination, the Company no longer has borrowing availability under the Credit Agreement.
+Added: The Company did not incur any material early termination penalties in connection with the termination of the Credit Agreement.
+Added: The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its
+Added: entirety by reference to the Credit Agreement and amendments thereto, including the Fourth Amendment previously filed by the Company with the Securities and Exchange Commission.
+Added: (c ) N o n e of the Company’s directors or executive officers adopted, modified or terminated a Rule 10b 5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement, as defined in Item 408 of Regulation S-K, during the Company’s fiscal quarter ended June 30, 2026.
Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
13 unchanged sentences
SAGA COMMUNICATIONS, INC.
+Added: August 14, 2026
/s/ SAMUEL D.
−Removed: Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)
+Added: Executive Vice President and Chief Financial Officer (Principal Financial Officer)
+Added: August 14, 2026
/s/ CATHERINE A.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.