As of the date of his passing on August 19, Ed Christian held approximately 65% of the combined voting power of Saga Communications’ Common Stock, based on Class B Common Stock generally being entitled to 10 votes per share.
As a result, Christian was generally able to control the vote on most matters submitted to the vote of stockholders and, therefore, was able to direct nearly all Saga management and policies.
With Christian’s passing, here’s what is transpiring with respect to his Saga shares.
Additionally, Saga shared with the SEC its compensation plan for its interim CEO, Warren Lada.
