UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On May 15, 2025, Lamar Advertising Company (the “Company”) issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $1.55 per share payable on June 30, 2025, to holders of record of the Company’s Class A common stock and Class B common stock on June 16, 2025.
Additionally, as previously announced, the Company has completed $150.0 million in stock repurchases under its existing stock repurchase program, and had $100.0 million available to be repurchased in the future under the program. On May 15, 2025, the Company announced that its Board of Directors has approved an increase to its existing stock repurchase program in the amount of $150.0 million, bringing the total amount remaining that is available to be repurchased under the program to $250.0 million.
The stock repurchase program currently expires on March 31, 2026. The repurchase program may be extended, suspended or discontinued at any time. Such repurchases may be made on the open market or in privately negotiated transactions. The timing and amount of any repurchases will be determined by the Company’s management based on its evaluation of market conditions and other factors. The Company may also establish 10b5-1 trading plans from time to time that will provide flexibility if and when it buys back stock.
A copy of the press release relating to the quarterly dividend and the increase in stock repurchase authorization is filed herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release of Lamar Advertising Company dated May 15, 2025. | |
| 104.1 | Cover Page Interactive Data File - (embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 15, 2025 | LAMAR ADVERTISING COMPANY | |||||
| By: | /s/ Jay L. Johnson | |||||
| Jay L. Johnson | ||||||
| EVP, Chief Financial Officer & Treasurer | ||||||