Lamar Advertising Company Announces Management Changes; Announces Quarterly Dividend, Payable on March 31, 2020
February 27, 2020 at 04:47 pm EST
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On February 27, 2020, the Board of Directors of Lamar Advertising Company approved certain changes relating to the positions of two of its executive officers. Kevin P. Reilly, Jr., President and Chairman of the Board of the Company, resigned from the position of President. Following his resignation, he was appointed as Executive Chairman of the Board. He will remain an executive officer of the Company in this capacity. Sean E. Reilly, Chief Executive Officer of the Company, was appointed to the office of President. He will continue to serve as Chief Executive Officer of the Company.
On February 27, 2020, the Company announced that its Board of Directors declared a quarterly cash dividend of $1.00 per share payable on March 31, 2020, to holders of record of the Company's Class A common stock and Class B common stock on March 16, 2020.
Lamar Advertising Company is an outdoor advertising company. The Company rents space for advertising on billboards, buses, shelters, benches, logo plates and in airport terminals. The Company operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. The Company owns and operates approximately 160,400 billboard advertising displays in 45 states and Canada. It rents its advertising space on two types of billboards: bulletins and posters. In addition to traditional billboards, it also rents space for digital billboards, which are generally located on traffic arteries and city streets. It owns and operates approximately 4,750 digital billboard advertising displays in 43 states and Canada. It also provides logo signs in the United States, operating approximately 23 of the 26 privatized state logo sign contracts. The Company also operates approximately 139,250 logo sign advertising displays in 23 states and the province of Ontario, Canada.
LAMAR ADVERTISING COMPANY 
