Lamar Advertising Co/New Enters Material Definitive Agreement
Ticker: LAMR · Form: 8-K · Filed: Jul 26, 2024 · CIK: 1090425
Sentiment: neutral
Topics: material-definitive-agreement, real-estate-investment-trust
TL;DR
Lamar Advertising just signed a big deal, details TBD.
AI Summary
On July 24, 2024, Lamar Advertising Co/New entered into a Material Definitive Agreement. The filing does not specify the other party involved or the details of the agreement, but it is classified under Item 1.01, which pertains to the entry into a material definitive agreement. The company is a Real Estate Investment Trust incorporated in Delaware.
Why It Matters
This filing indicates a significant new contract or partnership for Lamar Advertising, which could impact its future revenue streams and operational strategy.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on the company.
Key Numbers
- 001-36756 — SEC File Number (Identifies the company's filing with the SEC.)
- 721449411 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- Lamar Advertising Co/New (company) — Registrant
- July 24, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Baton Rouge, Louisiana (location) — Principal Executive Offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Lamar Advertising Co/New?
The filing does not specify the nature of the agreement, only that it is a Material Definitive Agreement under Item 1.01.
Who is the other party to this Material Definitive Agreement?
The filing does not disclose the identity of the other party involved in the agreement.
What is the effective date of this Material Definitive Agreement?
The earliest event reported is July 24, 2024, which is the date of the report.
What is Lamar Advertising Co/New's principal business address?
The principal executive offices are located at 5321 Corporate Blvd., Baton Rouge, Louisiana 70808.
What is Lamar Advertising Co/New's SIC code?
The Standard Industrial Classification code is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 1,041 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2024-07-26 16:06:53
Key Financial Figures
- $0.001 — which registered Class A common stock, $0.001 par value LAMR The NASDAQ Stock Mar
- $400.0 million — ng an aggregate offering price of up to $400.0 million through the Sales Agents as either agen
Filing Documents
- d852195d8k.htm (8-K) — 29KB
- d852195dex11.htm (EX-1.1) — 250KB
- d852195dex51.htm (EX-5.1) — 10KB
- g852195dsp57.jpg (GRAPHIC) — 16KB
- 0001193125-24-186201.txt ( ) — 493KB
- lamr-20240724.xsd (EX-101.SCH) — 3KB
- lamr-20240724_lab.xml (EX-101.LAB) — 17KB
- lamr-20240724_pre.xml (EX-101.PRE) — 11KB
- d852195d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Distribution Agreement, dated as of July 24, 2024, by and among Lamar Advertising Company, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Truist Securities, Inc., SMBC Nikko Securities America, Inc. and Scotia Capital (USA) Inc. 5.1 Opinion of Locke Lord LLP. 23.1 Consent of Locke Lord LLP (included in Exhibit 5.1 hereto). 104 Cover Page Interactive Data File—(embedded within the Inline XBRL document).
SIGNATURES
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. Date: July 26, 2024 LAMAR ADVERTISING COMPANY By: /s/ Jay L. Johnson Jay L. Johnson EVP, Chief Financial Officer and Treasurer