SC 13G: LEE ENTERPRISES, Inc

AI Summary

SC 13G filing by LEE ENTERPRISES, Inc.

Risk Assessment

Risk Level: low

Key Financial Figures

• $0.01 — ated (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o

Filing Documents

• lee_13g_2024v4.htm (SC 13G) — 68KB
• 0001604867-24-000007.txt ( ) — 69KB

(a). Name of Issuer

Item 1(a). Name of Issuer: Lee Enterprises, Incorporated (the “Issuer”)

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices: 4600 E. 53rd Street Davenport, IA 52807

(a). Name of Persons Filing

Item 2(a). Name of Persons Filing: This with respect to the shares of Common Stock of the Company: (i) Solas Capital Management, LLC (ii) Frederick Tucker Golden

(b). Address of Principal Business Office or, if none, Residence

Item 2(b). Address of Principal Business Office or, if none, Residence: (i) Solas Capital Management, LLC 1063 Post Road, 2nd Floor Darien, CT 06820 (ii) Frederick Tucker Golden c/o Solas Capital Management, LLC 1063 Post Road, 2nd Floor Darien, CT 06820

(c). Citizenship

Item 2(c). Citizenship: (i) Solas Capital Management, LLC – DE (ii) Frederick Tucker Golden – USA

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share (“Common Stock”)

(e). CUSIP Number

Item 2(e). CUSIP Number: 523768406

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (e) [x] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E) (g) [x] Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) CUSIP No. 523768406 13G Page 4 of 8 Pages

Ownership

Item 4. Ownership (i) Solas Capital Management, LLC (a) Amount beneficially owned: 413,997 (See Note 3) (b) Percent of class: 6.7% (See Note 4) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 413,997 (see Note 3) (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 413,997 (See Note 3) (ii) Frederick Tucker Golden (a) Amount beneficially owned: 413,997 (See Note 3) (b) Percent of class: 6.7% (See Note 4) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 413,997 (See Note 3) (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 413,997 (See Note 3) CUSIP No. 523768406 13G Page 5 of 8 Pages Note 3: Solas Capital Management, LLC is an investment adviser that is registered under the Investment Advisers Act of 1940. Solas Capital Management, LLC, which serves as the investment manager to two private funds ("Funds") and as sub-adviser to another private fund ("Other Fund"), which hold securities for the benefit of their investors, and Mr. Frederick Tucker Golden, as Portfolio Manager of Solas Capital Management, LLC, with the power to exercise investment and voting discretion, may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds and by the Other Fund. Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended, each of the Funds expressly disclaims beneficial ownership over any of the securities reported in this statement, and the filing of this statement shall not be construed as an admission that any of the Funds are the beneficial owner of any of the securities reported herein. Note 4: Based on 6,143,119 outstanding shares of Common Stock as of Jan

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class: Not Applicable.

Ownership of More Than Five Percent on Behalf of Another Person

Item 6. Ownership of More Than Five Percent on Behalf of Another Person: See Note 3 above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: See Note 3 above.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group: Not Applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group: Not Applicable. CUSIP No. 523768406 13G Page 6 of 8 Pages

Certifications

Item 10. Certifications: Each of the Reporting Persons makes the following certification: By signing below each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: February 14, 2024 SOLAS CAPITAL MANAGEMENT, LLC By: Solas Capital Holdings, LP, its Member By: /s/ Frederick Tucker Golden Name: Frederick Tucker Golden Title: General Partner FREDERICK TUCKER GOLDEN By: /s/ Frederick Tucker Golden CUSIP No. 523768406 13G Page 7 of 8 Pages EXHIBIT A Joint Filing Agreement Pursuant to Rule 13d-1 This agreement is made pursuant to Rule 13d-l(k)(1) under the Securities Exchange Act of 1934, as amended (the "Act") by and among the parties listed below, each referenced to herein as a "Joint Filer". The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the rules thereunder may be filed on each of his, her or its behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1(k). Dated: February 14, 2024 SOLAS CAPITAL MANAGEMENT, LLC By: Solas Capital Holdings, LP, its Member By: /s/ Frederick Tucker Golden Name: Frederick Tucker Golden Title: General Partner FREDERICK TUCKER GOLDEN By: /s/ Frederick Tucker Golden CUSIP No. 523768406 13G Page 8 of 8 Pages

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