Gannett disclosed in SEC filings that it spent nearly $20,000 on security for its CEO, Mike Reed, due to heightened security risks following the murder of UnitedHealthcare's CEO. A spokesperson for Gannett indicated that the security detail was put in place out of an abundance of caution. Reed, who has led Gannett since 2013, received a notable compensation package that included costs for this personal security. The company's annual report emphasized that security provisions were necessary for senior executive positions amidst growing concerns about threats to leadership.
"Out of an abundance of caution, a security detail was provided to Mike Reed," a Gannett spokesperson said, highlighting the company's response to increased security concerns after recent violence.
In the annual report to shareholders, Gannett stated, "Due to increased security risks inherent in senior executive positions, in 2024, we provided our Chief Executive Officer with certain personal security as needed."
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