MSG Entertainment Appoints David M. Rone as CEO
Ticker: MSGE · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1952073
| Field | Detail |
|---|---|
| Company | Madison Square Garden Entertainment CORP. (MSGE) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1,500,000, $8,600,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, board-of-directors
Related Tickers: MSGE
TL;DR
MSG Ent. names David M. Rone CEO, effective immediately. Board changes also noted.
AI Summary
Madison Square Garden Entertainment Corp. announced on June 20, 2024, the appointment of David M. Rone as Chief Executive Officer, effective immediately. Rone, who previously served as Executive Chairman, will now lead the company's strategic direction and operations. The filing also noted changes in the board of directors.
Why It Matters
This leadership change at a prominent entertainment company could signal shifts in strategic focus and operational priorities, potentially impacting its business performance and future investments.
Risk Assessment
Risk Level: medium — Leadership changes and board shifts can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- Madison Square Garden Entertainment Corp. (company) — The company filing the report.
- David M. Rone (person) — Newly appointed Chief Executive Officer.
- June 20, 2024 (date) — Effective date of the CEO appointment.
FAQ
Who has been appointed as the new Chief Executive Officer of Madison Square Garden Entertainment Corp.?
David M. Rone has been appointed as the new Chief Executive Officer.
When was the appointment of the new CEO effective?
The appointment was effective immediately as of June 20, 2024.
What was David M. Rone's previous role at Madison Square Garden Entertainment Corp.?
David M. Rone previously served as Executive Chairman.
What other significant changes were reported in the filing?
The filing also noted changes in the board of directors.
What is the principal executive office address for Madison Square Garden Entertainment Corp.?
The principal executive offices are located at Two Pennsylvania Plaza, New York, NY 10121.
Filing Stats: 836 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-06-21 17:00:57
Key Financial Figures
- $1,500,000 — ive an annual base salary not less than $1,500,000 and, consistent with the current employ
- $8,600,000 — aggregate target value of not less than $8,600,000. The Renewal Agreement provides for a
Filing Documents
- d816758d8k.htm (8-K) — 28KB
- d816758dex101.htm (EX-10.1) — 81KB
- g816758g0621000914004.jpg (GRAPHIC) — 4KB
- 0001193125-24-165814.txt ( ) — 259KB
- msge-20240620.xsd (EX-101.SCH) — 3KB
- msge-20240620_lab.xml (EX-101.LAB) — 18KB
- msge-20240620_pre.xml (EX-101.PRE) — 11KB
- d816758d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description of Exhibit 10.1 Employment Agreement, dated as of June 20, 2024, between Madison Square Garden Entertainment Corp. and James L. Dolan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). This exhibit is a management contract or a compensatory plan or arrangement.
SIGNATURES
SIGNATURES 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. Date: June 21, 2024 MADISON SQUARE GARDEN ENTERTAINMENT CORP. By: /s/ Mark Cresitello Name: Mark Cresitello Title: Secretary