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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 Form 10 - K ( 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 OR □ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period for to SAGA COMMUNICATIONS , INC . ( Exact name of registrant as specified in its charter ) Florida ( State or other jurisdiction of incorporation or organization ) Commission file number 1-11588 73 Kercheval Avenue Grosse Pointe Farms , Michigan ( Address of principal executive offices ) Title of each class Class A Common Stock , $ .01 par value Registrant's telephone number , including area code : ( 313 ) 886-7070 Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbol SGA Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes No Indicate by check mark whether the 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 38-3042953 ( I.R.S. Employer Identification No. ) 48236 ( Zip Code ) Accelerated filer ✔ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( § 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 No Name of each exchange on which registered NASDAQ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , or a smaller reporting company . See the definitions of " large accelerated filer , " " accelerated filer ” and “ smaller reporting company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Non - accelerated filer Smaller Reporting Company If an emerging growth company , indicate by check mark if the registrant 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 . Emerging growth company ☐ Indicate by checkmark whether the registrant 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 the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . Yes No ✔ Aggregate market value of the Class A Common Stock and the Class B Common Stock ( assuming conversion thereof into Class A Common Stock ) held by nonaffiliates of the registrant , computed on the basis of the closing price of the Class A Common Stock on June 30 , 2020 on the NASDAQ : $ 127,731,661 . The number of shares of the registrant's Class A Common Stock , $ .01 par value , and Class B Common Stock , $ .01 par value , outstanding as of March 4 , 2021 was 5,042,752 and 937,641 , respectively . DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the 2021 Annual Meeting of Stockholders ( to be filed with the Securities and Exchange Commission not later than 120 days after the end of the Company's fiscal year ) are incorporated by reference in Part III hereof .