UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 410, 2021

LEAF GROUP LTD.

(Exact name of Registrant as specified in its charter)

Delaware		001-35048		20-4731239
(State or other jurisdiction of incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

1655 26th Street Santa Monica, California		90404
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (310) 656-6253

Not Applicable

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001 per share	LEAF	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth 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. ¨

Item 75.~~01.~~07 ~~Regulation~~Submission FDof ~~Disclosure~~Matters to a Vote of Security Holders.

OnAs ~~June~~previously 4disclosed, ~~2021,~~ Leaf Group Ltd. (the “Company”) entered ~~issued~~into an Agreement and Plan of Merger (the ~~press~~“Merger ~~release~~Agreement”), ~~attached~~dated as of April 3, 2021, by and among Graham Holdings Company, a Delaware corporation (“Parent”), Pacifica Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and the Company, pursuant to ~~this~~which ~~Form 8-K~~ Merger Sub will merge with and into the Company, with the Company surviving as ~~Exhibit~~a 99wholly owned subsidiary of Parent (the “Merger”).1 On June 10, 2021, the Company held a special meeting of stockholders (the “Special Meeting”) to consider certain proposals relating to the ~~pending~~Merger ~~merger~~Agreement. ~~with~~Such proposals are described in more ~~Graham~~detail ~~Holdings~~in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on May 6, 2021.

~~The information~~As inof ~~this~~the ~~Item~~close ~~7.01~~of ~~(including~~business ~~Exhibit~~on ~~99.1)~~May ~~shall~~3, ~~not~~2021, bethe ~~deemed~~record ~~“filed”~~date for ~~purposes~~the Special ofMeeting, ~~Section~~there 18were 36,032,095 shares of ~~the~~common ~~Securities Exchange~~stock, ~~Act~~par ofvalue ~~1934~~$0.0001 per share, asof ~~amended~~the Company (the “~~Exchange~~Company ~~Act~~Common Stock”) outstanding, oreach ~~otherwise~~of ~~subject~~which towas ~~the~~entitled ~~liabilities~~to ofone ~~that~~vote ~~section,~~on ~~nor~~each ~~shall it~~proposal beat ~~deemed~~the ~~incorporated~~Special byMeeting. ~~reference~~At inthe ~~any~~Special ~~filing~~Meeting, ~~under~~a total ~~the~~of ~~Securities~~27,210,581 ~~Act~~shares of ~~1933,~~Company asCommon ~~amended~~Stock, orrepresenting ~~the~~approximately ~~Exchange~~75.51% ~~Act,~~of ~~regardless~~the ~~of any~~outstanding ~~general~~shares ~~incorporation~~of ~~language~~Company inCommon ~~such~~Stock entitled ~~filing~~to vote, ~~except~~were aspresent ~~expressly~~virtually ~~set~~or ~~forth~~represented by ~~specific~~proxy, ~~reference~~constituting ina ~~such~~quorum ato ~~filing~~conduct business.

~~Additional~~Set ~~Information~~forth below are the proposals, and ~~Where~~the action taken by the Company’s stockholders with respect to ~~Find~~each Itproposal at the Special Meeting.

~~This~~Proposal communication relates to the proposed merger (the “Merger”) involving the Company pursuant to the Agreement and Plan of Merger, dated as of April 3, 2021, by and among the Company, Graham Holdings Company (“Parent”) and Pacifica Merger Sub, IncNo., a1: ~~wholly~~Approval ~~owned subsidiary~~ of ~~Parent (~~the “Merger Agreement”) and may be deemed to be solicitation material in respect of the proposed Merger. In connection with the proposed Merger, the Company filed relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including a proxy statement on Schedule 14A (the “Proxy Statement”). The Proxy Statement was filed with the SEC and was first mailed to stockholders of the Company on May 6, 2021. This communication is not a substitute for the Proxy Statement or for any other document that the Company may file with the SEC or send to the Company’s stockholders in connection with the proposed Merger. BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS. Stockholders will be able to obtain free copies of the Proxy Statement and other documents filed by the Company with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed by the Company with the SEC will also be available free of charge on the Company’s website at www.leafgroup.com or by contacting the Company’s Investor Relations contact at shawn.milne@leafgroup.com.Proposal

~~Participants~~The inCompany’s stockholders approved the ~~Solicitation~~proposal to adopt the Merger Agreement. Approval of the Merger Proposal required the affirmative vote of a majority of the shares of Company Common Stock that were outstanding and entitled to vote as of the record date. The voting results for this proposal were as follows:

The Company and its directors and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies from the Company’s stockholders with respect to the proposed Merger under the rules of the SEC. Information about the directors and executive officers of the Company and their ownership of shares of the Company Common Stock is set forth in its Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on February 25, 2021 (as amended by the Amendment No. 1 to Form 10-K filed with the SEC on April 30, 2021), its proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on April 20, 2020, and in subsequent documents filed or to be filed with the SEC, including the Proxy Statement. Information regarding the persons who may be deemed participants in the proxy solicitations and a description of their direct and indirect interests in the Merger, by security holdings or otherwise, is included in the Proxy Statement, and any such additional information will be included in other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described above.

Votes For		Votes Against		Abstentions
21,311,587		5,891,579		7,415

~~Forward~~Proposal ~~Looking~~No. ~~Statements~~2: Approval of the Advisory, Non-Binding Compensation Proposal

~~This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.~~ The Company’s ~~generally~~stockholders ~~identifies forward-looking statements by terminology such as “may~~approved,” ~~“will,”~~on ~~“should,”~~a ~~“expects~~non-binding,” ~~“plans,” “anticipates,”~~advisory ~~“could~~basis,” ~~“intends,”~~the ~~“target,”~~compensation ~~“projects,”~~that ~~“contemplates,”~~may ~~“believes,” “estimates,”~~be ~~“predicts,”~~paid ~~“potential”~~ or ~~“continue”~~become orpayable the negative of these terms or other similar words. These statements are only predictions. The Company has based these forward-looking statements largely on its then-current expectations and projections about future events and financial trends as well as the beliefs and assumptions of management. Forward-looking statements are subject to ~~a number of risks and uncertainties, many of which involve factors or circumstances that are beyond~~ the Company’s ~~control.~~ ~~The~~named ~~Company’s~~executive ~~actual~~officers ~~results could differ materially from those stated or implied~~ in ~~forward-looking~~connection ~~statements~~with ~~due~~the toMerger. aApproval ~~number~~ of ~~factors,~~this ~~including~~proposal ~~but not limited to: (i) risks associated with the Company’s ability to obtain the stockholder approval~~ required ~~to consummate~~ the ~~proposed~~affirmative ~~Merger~~vote ~~and the timing~~ of ~~the closing of the proposed Merger, including the risks that~~ a ~~condition to~~majority ~~closing would not be satisfied within the expected timeframe or at all or that the closing~~ of the ~~proposed~~outstanding ~~Merger~~shares ~~will not occur; (ii) the outcome~~ of ~~any~~Company ~~legal~~Common ~~proceedings~~Stock that ~~may~~were ~~be instituted against the parties and others related to the Merger Agreement; (iii) the~~present ~~occurrence~~at ~~of any event, change or other circumstance or condition that could give rise to~~ the ~~termination~~Special ofMeeting ~~the Merger Agreement; (iv) unanticipated difficulties or expenditures relating to the proposed Merger, the response of business partners~~ and ~~competitors~~entitled to ~~the~~vote ~~announcement of the proposed Merger, and/or potential difficulties in employee retention~~ as ~~a result~~ of the ~~announcement~~record and pendency of the proposed Merger; (v) the response of Company stockholders to the Merger Agreement; and (vi) those risks detailed in the Company’s most recent Annual Report on Form 10-K (as amended by the Amendment Nodate. 1 to such Form 10-K) and subsequent reports filed with the SEC, as well as other documents that may be filed by the Company from time to time with the SEC. Accordingly, you should not rely upon forward-looking statements as predictions of future events. The ~~Company~~voting ~~cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual~~ results ~~could~~for ~~differ materially from those projected in the forward-looking statements. The forward-looking statements made in~~ this ~~communications~~proposal ~~relate~~were ~~only to events~~ as of the date on which the statements are made. Except as required by applicable law or regulation, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.follows:

Votes For		Votes Against		Abstentions
21,751,817		5,444,986		13,778

Proposal No. 3: Approval of the Adjournment Proposal

The proposal to approve the adjournment or postponement of the Special Meeting to a later date or time, if necessary or appropriate as determined by the Company, to solicit additional proxies if there were insufficient votes to adopt the Merger Agreement at the time of the Special Meeting, was not voted upon at the Special Meeting because sufficient votes were received to approve the adoption of the Merger Agreement.

Item 8.01.

Other Events

On June 10, 2021, the Company issued a press release announcing adoption of the Merger Agreement by the Company’s stockholders at the Special Meeting, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The Company anticipates that the Merger will be completed on June 14, 2021.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release, ~~dated~~issued by the Company on June 410, 2021
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.

	LEAF GROUP LTD.
Date: June 4, 2021	By:	/s/ Adam Wergeles
Date: June 10, 2021	By:	/s/ Adam Wergeles
	Name:	Adam Wergeles
	Title:	Executive Vice President and General Counsel

Filing Compare · LEAF GROUP LTD.