Lee gives 80,000 shares to directors

On Thursday, Lee stock closed at $3.05. On Thursday, Lee Enterprises gave eight directors 10,000 shares each:

Nancy S. Donovan is a founding partner in two private equity firms. She's a member of Lee's Audit Committee. She's been a director since 2003; in 2009, Lee paid her $70,470.

Richard R. Cole is a journalism professor at the University of North Carolina. He's a member of Lee's Nominating and Corporate Governance Committee. He's been a director since 2006; in 2009, Lee paid him $67,470.

Leonard J. Elmore is a New York attorney. He's a member of Lee's Audit Committee. He's been a director since 2008; in 2009, Lee paid him $66,470.

William E. Mayer is a founding partner of a New York private equity firm, Park Avenue Equity Partners. He's lead director and chairman of Lee's Executive Compensation Committee, and a member of the Executive Committee and Nominating and Corporate Governance Committee. He's been a director since 1998; in 2009, Lee paid him $95,470.

Herbert W. Moloney III is a president and chief operating officer of Western Colorprint Inc., a private company that provides advertising supplements and cartoons. He's a member of Lee's Audit Committee and Executive Compensation Committee. He's been a director since 2001; in 2009, Lee paid him $79,220.

Andrew E. Newman is a private investor. He's the chairman of Lee's Audit Committee and a member of the Executive Compensation Committee. He's been a director since 1991; in 2009, Lee paid him $93,470.

Gordon D. Prichett is a private investor. He founded the Cairnwood Cooperative in Boston and is a math professor at Babson (Mass.) College. He's a member of Lee's Audit Committee and Executive Committee. He's been a director since 1998; in 2009, Lee paid him $71,470.

Mark Vittert is a private investor. He's the chairman of the Nominating and Corporate Governance Committee, and a member of Lee's Executive Compensation Committee. He's been a director since 1986; in 2009, Lee paid him $78,470.

On Thursday, each director was awarded a 10,000-share package worth $30,500 while furloughs and layoffs continue throughout the rest of the company. By Friday, those 10,000-share packages were worth $1,900 less. (Editor's note: Stock prices bounced up a couple of cents on Monday, closing at $2.88. A weekend Blogger outage caused a posting delay.)

Read the SEC reports here.

(Via e-mail. Got a tip? Send links, memos and information to lee.ent.watch@gmail.com)

Annual stockholder meeting set for Feb. 17

Lee's annual stockholder meeting will be 9 a.m. CST Feb. 17 at corporate headquarters in Davenport, Iowa. On the agenda:

• Elect directors Mary Junck, Andrew E. Newman and Gordon D. Prichett for three-year terms. Junck has been a director since 1999; Newman has been a director since 1991; Prichett has been a director since 1998. (Short bios on each director can be found here.)
• Ratify KPMG LLP as the company's accountant.
• Consider proposals to amend and restate a stock plan for non-employee directors and a long-term incentive plan.

Stockholders can vote now online at eproxy.com/lee.