Lee Enterprises, Incorporated announced on September 24, 2026, that its Board of Directors appointed Gregory Hoffmann to its board, effective immediately. The appointment was made at the recommendation of the Company’s Nominating and Corporate Governance Committee. Hoffmann will serve until the Company’s 2028 annual meeting of stockholders and has been appointed to the Nominating and Corporate Governance Committee.
Hoffmann is the Co-Chief Executive Officer of the Hoffmann Family of Companies, where he leads the organization’s real estate business. He also serves as the Chief Executive Officer of Hoffmann Commercial Real Estate. In these roles, he drives strategic growth through acquisitions and development and oversees the family’s diverse portfolio of businesses. Hoffmann began his career at Osprey Capital, LLC, an investment vehicle for the Hoffmann family, where he served as a principal and played a key role in nearly doubling the firm’s size. He has led acquisitions totaling several billion dollars.
In connection with his appointment, Hoffmann will participate in the Company’s compensation program for non-employee directors. No grant or award was made to Hoffmann in connection with his appointment other than as provided under that program. The Company also expects to enter into an indemnification agreement with Hoffmann substantially in the form of agreements entered into with the Company’s other non-employee directors.
Hoffmann is the son of David Hoffmann, the Company’s Chairman and majority stockholder. He serves as Alternate Governor for the Pittsburgh Penguins of the National Hockey League and holds a Bachelor of Science degree in finance and mathematics from Miami University and a Master of Business Administration degree from Northwestern University’s Kellogg School of Management.
The Company noted that there are no arrangements or understandings between Hoffmann and any other person pursuant to which he was selected as a director. There are no transactions involving Hoffmann and the Company that require disclosure under Item 404(a) of Regulation S-K, other than a private placement completed on February 5, 2026, in which David Hoffmann purchased 10,909,440 shares of the Company’s stock, and a five-year management agreement entered into on May 14, 2026, with Hoffmann Media Group, beneficially owned by David Hoffmann.
