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Gate City Capital Withdraws Board Nominees at Saga Communications (SGA), Ends Proxy Contest Ahead of 2025 Annual Meeting

by Snowball Research Team

Summary

On March 26, 2025, Gate City Capital Management formally withdrew its four director nominees—Michael T. Melby, Nicholas J. Bodnar, Ryan A. Hornaday, and Christopher T. Young—for election to Saga Communications’ Board at the 2025 Annual Meeting. Gate City stated it will not proceed with a proxy solicitation and requested removal of the nominees from the proxy card.

March 26, 2025

VIA EMAIL AND CERTIFIED MAIL

Corporate Secretary
Saga Communications, Inc.
73 Kercheval Avenue
Grosse Pointe Farms, Michigan 48236

Re: Withdrawal of Intent to Nominate Directors at the Company’s 2025 Annual Meeting of Shareholders

To Whom It May Concern,

Gate City Capital Management, LLC (“Gate City”) formally withdraws our nominees for election as directors to the Board of Directors (the “Board”) of Saga Communications, Inc. (“Saga” or the “Company”) at the Company’s 2025 Annual Meeting of Shareholders. The Gate City nominees (the “Nominees”) were Michael T. Melby, Nicholas J. Bodnar, Ryan A. Hornaday, and Christopher T. Young. Please remove them from the proxy card. We will not run a proxy solicitation for these Nominees. Please reach out to our counsel with any questions.

Sincerely,
Michael Melby
Founder and Portfolio Manager

Cc: Saga Board of Directors
Bradley J. Wyatt, Dickinson Wright PLLC

Source:

https://www.sec.gov/Archives/edgar/data/886136/000139834425006054/fp0092831-1_ex99d.htm

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