Lee CEO Mary Junck gets $5.6 million ‘in the event of a change in control of the company’

From Lee Enterprises’ Dec. 7 SEC filing:

Effective December 7, 2015, the Company’s Board of Directors approved amendments to the Amended and Restated Lee Enterprises, Incorporated 1990 Long-Term Incentive Plan … to modify its vesting provisions in the event of a change of control of the Company, along with certain immaterial changes and corrections.


Lee owns the St. Louis Post-Dispatch, Wisconsin State Journal and 44 other newspapers. Its share price, at last look, was $1.54.

* Lee Enterprises’ Dec. 7 SEC filing (4-traders.com)

UPDATE: Lee COO Kevin Mowbray replaces Mary Junck as CEO (stltoday.com)