Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 25, 2022, Saga Communications, Inc. (the "Company") entered into a third amendment (the "Amendment") to the Employment Agreement dated June 1, 2011 and amended on February 12, 2016 and further amended on February 26, 2019 (the "Employment Agreement") between the Company and Edward K. Christian, the Company's President, Chief Executive Officer and Chairman of the Board.

The Amendment extends the term of the Employment Agreement from March 31, 2025 to March 31, 2027. The Amendment also makes the following changes to the Employment Agreement pursuant to Section 409A of the Internal Revenue Code:

? Paragraph 16 is revised to add a definition of "Change in Control" that tracks

Section 409A requirements;

? Paragraph 17 is revised to provide that the "Change in Control" payment is made

in a lump sum within 45 days after the Change in Control;

? Paragraph 30 is revised to include a "clawback" provision;

Paragraph 31 provides that payments are intended to comply with, or be exempt

from, Section 409A, and the Agreement is to be interpreted, construed and

? administered in accordance with Section 409A. It also contains provisions

regarding six-month delay of certain payments following a separation from

service, reimbursements and timing of tax gross up payments pursuant to 409A.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. A copy of Mr. Christian's Employment Agreement effective June 1, 2011 is available as Exhibit 10(p) to the Company's Form 10-Q for the quarter ending June 30, 2011, a copy of the February 12, 2016 amendment to the Employment Agreement is available as Exhibit 10.1 to the Company's Form 8-K/A filed on April 8, 2016, and a copy of the February 26, 2019 amendment to the Employment Agreement is available as Exhibit 10.1 to the Company's Form 8-K filed on March 1, 2019.

Item 9.01.Financial Statements and Exhibits.





 (d) Exhibits.




   10.1     Third Amendment to Employment Agreement dated January 25, 2022 between
          Saga Communications, Inc. and Edward K. Christian.

104 Cover Page Interactive Data File (formatted as inline XBRL and contained in

Exhibit 101)

© Edgar Online, source Glimpses