SAGA COMMUNICATIONS INC reported internal control effective again after a material weakness
Material weakness in internal control→Internal control reported effective
The weakness was first reported on
2025-03-31 —
379 days and
1 annual report
before this one.
Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control – Integrated Framework: (2013) issued by COSO. Basis for Opinions The Company’s management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the…
Evidence
Current state
effective
Current state label
Internal control reported effective
Direction
remediated
Prior filed
2025-03-31
Prior form
10-K
Prior state
material_weakness
Prior state label
Material weakness in internal control
Remediation stated
No
Severity
normal
Source
Item 9A internal control conclusion, compared with the prior filing
Weakness annual reports
1
Weakness days reported
379
Weakness first reported
2025-03-31
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
SAGA COMMUNICATIONS INC told the SEC it could not file its annual report on time
Does not expect a significant change in results.1 day past the statutory due date.
(the “Company,” “we,” or “our”) has determined that it is unable to file, without unreasonable effort or expense, its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Form 10-K”) by March 31, 2026, the prescribed due date for such filing. The Company requires additional time to complete its analysis of technical tax matters and the resulting accounting impacts related to the Company’s sale-leaseback transaction as disclosed in the Company’s Current Report on Form 8-K filed on October 20, 2025. The Company does not expect any material changes or adjustments to previously published results of operations and cash flows as disclosed in the Company’s Current…
Evidence
Anticipates significant change
No
Days past due date
1
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company,” “we,” or “our”) has determined that it is unable to file, without unreasonable effort or expense, its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Form 10-K”) by March 31, 2026, the prescribed due date for such filing. The Company requires additional time to complete its analysis of technical tax matters and the resulting accounting impacts related to the Company’s sale-leaseback transaction as disclosed in the Company’s Current Report on Form 8-K filed on October 20, 2025. The Company does not expect any material changes or adjustments to previously published results of operations and cash flows as disclosed in the Company’s Current…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.