-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S4MZLJ0yY+mFO1KzHc39rEJn0CU53qXy9Q0dy2nnqIb9kaD+dxpP0dE9Icw5/19l Ba6Co9uXTJ305D9yeTXaAQ== 0000950135-06-001696.txt : 20060320 0000950135-06-001696.hdr.sgml : 20060320 20060320124526 ACCESSION NUMBER: 0000950135-06-001696 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060314 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20060320 DATE AS OF CHANGE: 20060320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAGA COMMUNICATIONS INC CENTRAL INDEX KEY: 0000886136 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 383042953 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11588 FILM NUMBER: 06698020 BUSINESS ADDRESS: STREET 1: 73 KERCHEVAL AVE CITY: GROSSE POINTE FARMS STATE: MI ZIP: 48236 BUSINESS PHONE: 3138867070 MAIL ADDRESS: STREET 1: 73 KERCHEVAL AVE CITY: GROSSE POINTE FARMS STATE: MI ZIP: 48236 8-K 1 b59922sce8vk.htm SAGA COMMUNICATIONS, INC. e8vk
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 14, 2006
SAGA COMMUNICATIONS, INC.
(Exact Name of Registrant as Specified in its Charter)
         
Delaware
(State or other jurisdiction
of incorporation) 		  1-11588
(Commission File Number) 		  38-3042953
(IRS Employer
Identification No.)
     
73 Kercheval Avenue
Grosse Pointe Farms, MI 		  48236
(Address of Principal Executive Offices)   (Zip Code)
Registrant’s telephone number, including area code: (313) 886-7070
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

TABLE OF CONTENTS

Item 1.01.   Entry into a Material Definitive Agreement.
SIGNATURES

Table of Contents

Item 1.01.   Entry into a Material Definitive Agreement.
On March 14, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of Saga Communications, Inc. (the “Company”) approved the payment of cash bonuses for the Company’s executive officers other than the chief executive officer in the following amounts:
             
Name   Title   Amount
 
            
Catherine Bobinski
  Vice President, Controller, and Chief Accounting Officer   $ 22,500  
 
            
Samuel D. Bush
  Senior Vice President, Chief Financial Officer and Treasurer   $ 37,500  
 
            
Steven Goldstein
  Executive Vice President and Group Program Director   $ 87,500  
 
            
Warren Lada
  Senior Vice President — Operations   $ 37,500  
 
            
Marcia Lobaito
  Senior Vice President, Corporate Secretary and Director of Business Affairs   $ 22,500  
On March 14, 2006, the Committee also approved the payment of a cash bonus of $400,000 to Edward Christian, our President and CEO under the Chief Executive Officer Annual Incentive Plan (the “Plan”). $225,000 of this amount was awarded based on the Company achieving net revenue and free cash flow goals for fiscal year 2005 established pursuant to the Plan. An additional $175,000 was awarded by the Committee, in its discretion, despite the Company’s not achieving certain market revenue and operating margin performance goals. The Committee concluded, based on market conditions and a subjective evaluation of Mr. Christian’s performance, that a portion of the potential bonus should be awarded under the Plan.

2

Table of Contents

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  SAGA COMMUNICATIONS, INC.
 		  
Dated:  March 17, 2006  By:   /s/ Samuel D. Bush    
    Samuel D. Bush   
    Senior Vice President,
Chief Financial Officer and Treasurer 		  
 

3

-----END PRIVACY-ENHANCED MESSAGE-----