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| LEE > SEC Filings for LEE > Form 8-K on 8-Nov-2011 | All Recent SEC Filings |
8-Nov-2011
Results of Operations and Financial Condition, Regulation FD Disclosure
On November 7, 2011, Lee Enterprises, Incorporated (the "Company") reported its results for the fourth fiscal quarter ended September 25, 2011. A copy of the news release is furnished as Exhibit 99.1 to this Form 8-K and information from the news release is hereby incorporated by reference. The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.
The Company's November 7, 2011 news release also provides an update on the Company's progress in its refinancing of its April 2012 debt maturities, which the Company announced on September 8, 2011. On November 7, 2011, the Company delivered required notices and began solicitation of certain of its lenders under its Support Agreement executed with lenders at that time to preserve the Company's options in its refinancing process.
The Company's news release noted that it expects the New York Stock Exchange will continue the listing of the Company's Common Stock in light of the limited dilution contemplated by the terms of the refinancing process. However, the news release cautions that continued listing is subject to ongoing reassessment by the NYSE and the return to compliance with other quantitative listing requirements, which would require an increase in the Company's average closing price to $1 per share. The Company is currently operating under an NYSE-approved plan to address those quantitative listing requirements as to which it is non-compliant, and expects those issues to be successfully addressed within the time frames required under the NYSE rules.
The information in this Form 8-K that is furnished under this "Item 7.01 Regulation FD Disclosure" and the related Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended.
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