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( Mark One ) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-36756 Lamar Advertising Company UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 Form 10 - K Delaware Delaware Title of each class Class A common stock , $ 0.001 par value ( State or other jurisdiction of incorporation or organization ) 5321 Corporate Blvd. , Baton Rouge , LA ( Address of principal executive offices ) ☐ ☐ ☐ Lamar Media Corp. ( Exact names of registrants as specified in their charters ) X Commission File Number 1-12407 Registrants ' telephone number , including area code : ( 225 ) 926-1000 SECURITIES OF LAMAR ADVERTISING COMPANY REGISTERED PURSUANT TO SECTION 12 ( b ) OF THE ACT : Trading Symbol ( s ) LAMR SECURITIES OF LAMAR ADVERTISING COMPANY REGISTERED PURSUANT TO SECTION 12 ( g ) OF THE ACT : None SECURITIES OF LAMAR MEDIA CORP . REGISTERED PURSUANT TO SECTION 12 ( b ) OF THE ACT : None SECURITIES OF LAMAR MEDIA CORP . REGISTERED PURSUANT TO SECTION 12 ( g ) OF THE ACT : None Yes □ No 区 Indicate by check mark if Lamar Advertising Company is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if Lamar Advertising Company is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Exchange Act . Indicate by check mark if Lamar Media Corp. is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No | Indicate by check mark if Lamar Media Corp. is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Exchange Act . Yes > No Indicate by check mark whether each registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes > No □ No Indicate by check mark whether each registrant has submitted electronically every Interactive Date File required to be submitted pursuant to Rule 405 of Regulation S - T ( Section 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes Indicate by check mark whether Lamar Advertising Company is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See definitions of " accelerated filer " , " large accelerated filer " , " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Accelerated filer Smaller reporting company Non - accelerated filer 47-0961620 72-1205791 ( I.R.S. Employer Identification No. ) Emerging growth company If an emerging growth company , indicate by check mark if Lamar Advertising Company has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Class Lamar Advertising Company Class A common stock , $ 0.001 par value per share Lamar Advertising Company Class B common stock , $ 0.001 par value per share Lamar Media Corp. common stock , $ 0.001 par value per share 70808 ( Zip Code ) Indicate by check mark whether Lamar Advertising Company has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . < Indicate by check mark whether Lamar Media Corp. is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See definitions of " accelerated filer " , " large accelerated filer " , " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Accelerated filer 0 Non - accelerated filer Smaller reporting company As of June 30 , 2020 , the aggregate market value of the voting stock held by nonaffiliates of Lamar Media Corp. was $ 0 . Indicate the number of shares outstanding of each of the issuers ' classes of common stock , as of the latest practicable date . Name of each exchange on which registered The NASDAQ Stock Market , LLC Emerging growth company If an emerging growth company , indicate by check mark if Lamar Media Corp. has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . DOCUMENTS INCORPORATED BY REFERENCE Indicate by check mark whether Lamar Media Corp. has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . No 区 Indicate by check mark if either registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes The aggregate market value of the voting stock held by nonaffiliates of Lamar Advertising Company was $ 5,693,120,893 based on $ 66.76 per share as reported at the close of trading on the NASDAQ Global Select Market on June 30 , 2020 , the last business day of the registrant's most recently completed second fiscal quarter . Outstanding at February 1 , 2021 86,491,646 shares 14,420,085 shares 100 shares Parts into Which Incorporated Part III Document Proxy Statement for the Annual Meeting of Stockholders scheduled to be held on May 20 , 2021 ( Proxy Statement ) This combined Form 10 - K is separately filed by ( i ) Lamar Advertising Company and ( ii ) Lamar Media Corp. ( which is a wholly owned subsidiary of Lamar Advertising Company ) . Lamar Media Corp. meets the conditions set forth in general instruction I ( 1 ) ( a ) and ( b ) of Form 10 - K and is , therefore , filing this form with the reduced disclosure format permitted by such instruction .