Lee Enterprises, Inc: enters into master service agreements with Quintype

What happened

• On Oct 16, 2026 the company and INN Partners, LLC d/b/a BLOX Digital each entered into a separate Master Service Agreement with Quintype Solutions LLC for software development services. BLOX Digital is a majority-owned subsidiary of the company in which the company holds an 82.5% ownership interest. The agreements are accompanied by related guaranties of Quint Digital, which beneficially owns approximately 14.38% of the company’s outstanding common stock as of Oct 16, 2026 and, through its wholly owned subsidiary GMT, holds over 10% membership interest in Quintype.

Key details

• Each agreement has an initial term of 3 years and automatically renews for successive 1-year terms unless a party gives written notice of non-renewal at least 90 days before the end of the then-current term.
• Services will be billed on a time-and-materials basis with no minimum spending commitment.
• The company anticipates the engagements will generate aggregate annual net savings of more than $1,000,000 once fully implemented and expects to strengthen software development capabilities, including integration of AI tools.
• Each party will indemnify the other against third-party claims arising from its malfeasance; subject to certain exceptions, each party’s aggregate liability is capped at fees paid or payable under the applicable agreement during the 24 months preceding the claim. Agreements permit termination for specified causes, including a breach that, if remediable, remains uncured for 30 days after notice.

Why it may matter

• This item was reported under Item 1.01 (Entry into a material definitive agreement), which covers the company’s new master service agreements for software development services and related contractual terms. The report contains forward-looking statements about expected cost savings and capability improvements that are subject to risks and uncertainties. This filing does not show why the company acted.