Angel Studios Reports Director/Officer Changes
Ticker: ANGX · Form: 8-K · Filed: Oct 28, 2025 · CIK: 1865200
Sentiment: neutral
Topics: management-change, governance, officer-appointment, director-election
TL;DR
Angel Studios shakes up board & execs, effective Oct 22. Big governance changes incoming.
AI Summary
Angel Studios, Inc. filed an 8-K on October 28, 2025, reporting changes effective October 22, 2025. The filing details the departure of directors or certain officers, the election of new directors, and the appointment of certain officers, along with information on compensatory arrangements for these officers. The company, formerly Southport Acquisition Corp, is incorporated in Delaware and headquartered in Provo, UT.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership roles can introduce uncertainty about future strategy and execution, warranting closer investor scrutiny.
Key Players & Entities
- Angel Studios, Inc. (company) — Registrant
- Southport Acquisition Corp (company) — Former Company Name
- Delaware (jurisdiction) — State of Incorporation
- Provo, UT (location) — Principal Executive Offices
- October 22, 2025 (date) — Effective Date of Changes
- October 28, 2025 (date) — Filing Date
FAQ
Who specifically departed from their roles at Angel Studios, Inc.?
The filing indicates the departure of directors or certain officers, but does not name the specific individuals in this section of the provided text.
Who were elected as new directors for Angel Studios, Inc.?
The filing states that directors were elected, but the names of the newly elected directors are not provided in this excerpt.
Were any new officers appointed to Angel Studios, Inc.?
Yes, the filing mentions the appointment of certain officers, but their identities are not specified in the provided text.
What is the effective date of the reported changes in directors and officers?
The earliest event reported, which includes the changes in directors and officers, is dated October 22, 2025.
What information is provided regarding the compensation of the newly appointed officers?
The filing notes that it includes information on the compensatory arrangements of certain officers, but the specifics of these arrangements are not detailed in the provided text.
Filing Stats: 750 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2025-10-28 16:58:32
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share ANGX The New York Stock Exc
- $15,000 — s an additional annual cash retainer of $15,000 for the Chair of the Audit Committee. E
- $75,000 — grant-date fair value of approximately $75,000 and will vest in equal quarterly instal
Filing Documents
- tm2529664d1_8k.htm (8-K) — 26KB
- 0001104659-25-103243.txt ( ) — 188KB
- none-20251022.xsd (EX-101.SCH) — 3KB
- none-20251022_lab.xml (EX-101.LAB) — 33KB
- none-20251022_pre.xml (EX-101.PRE) — 22KB
- tm2529664d1_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Election of New Directors On October 22, 2025, the Board of Directors (the "Board") of Angel Studios, Inc. (the "Company") voted to increase the size of the Board from five (5) to seven (7) directors. In connection with that action, the Board elected Katie Liljenquist and Benton Crane to fill the two newly created directorships, effective immediately. Each of Ms. Liljenquist and Mr. Crane will serve until the next annual meeting of stockholders or until their successors are duly elected and qualified. As of the date hereof, the Board has not appointed Ms. Liljenquist or Mr. Crane to any committees of the Board and thus information about their committee service is not yet determined. For their service on the Board, Ms. Liljenquist and Mr. Crane will receive compensation consistent with that of other non-employee directors, as discussed below. Neither Ms. Liljenquist nor Mr. Crane was selected pursuant to any arrangement or understanding with any other person. Ms. Liljenquist previously served as a director of Angel Studios, Inc. ("Legacy Angel") prior to the business combination with Southport Acquisition Corporation. Mr. Crane, who is the cousin of the Company's Chief Executive Officer, President, and Chief Content Officer, was one of the original founders of Legacy Angel. The Board has not yet made a determination with respect to whether there are any transactions with either Ms. Liljenquist or Mr. Crane that would require disclosure under Item 404(a) of Regulation S-K, nor with respect to Ms. Liljenquist's or Mr. Crane's independence. Director Compensation On October 22, 2025, the Board approved annual director compensation for all non-employee directors, including Ms. Liljenquist and Mr. Crane. Each non-employee director was awarded an annual cash retainer of $ 50,000, payable quarterly, as well as an