MSG Entertainment Board Changes: New Directors Appointed
Ticker: MSGE · Form: 8-K · Filed: Jul 25, 2024 · CIK: 1952073
| Field | Detail |
|---|---|
| Company | Madison Square Garden Entertainment CORP. (MSGE) |
| Form Type | 8-K |
| Filed Date | Jul 25, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $500,000, $250,000, $750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, director-appointment, governance
TL;DR
MSG Ent. board shakeup: Gosin out, Cohen & Rone in. Effective immediately.
AI Summary
Madison Square Garden Entertainment Corp. announced on July 24, 2024, the departure of board member Barry D. Gosin. The company also elected two new directors, Jonathan A. Cohen and David M. Rone, to its board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future company performance.
Risk Assessment
Risk Level: low — The filing details routine board changes and appointments, which typically carry low immediate risk.
Key Players & Entities
- Madison Square Garden Entertainment Corp. (company) — Registrant
- Barry D. Gosin (person) — Departing Board Member
- Jonathan A. Cohen (person) — Newly Elected Director
- David M. Rone (person) — Newly Elected Director
- July 24, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Board of Directors of Madison Square Garden Entertainment Corp.?
Barry D. Gosin has departed from the Board of Directors.
Who has been elected to the Board of Directors?
Jonathan A. Cohen and David M. Rone have been elected to the Board of Directors.
When were these board changes effective?
The changes were effective as of July 24, 2024.
What is the exact name of the company filing this report?
The exact name of the registrant is Madison Square Garden Entertainment Corp.
What is the company's principal executive office address?
The principal executive offices are located at Two Pennsylvania Plaza, New York, NY 10121.
Filing Stats: 1,213 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-07-25 17:00:29
Key Financial Figures
- $500,000 — an annual base salary of not less than $500,000 and, commencing with the Company's fisc
- $250,000 — d to a one-time special cash payment of $250,000, paid within 30 days after the Commence
- $750,000 — s with an aggregate grant date value of $750,000, granted at the same time mid-year equi
Filing Documents
- d871668d8k.htm (8-K) — 32KB
- d871668dex101.htm (EX-10.1) — 56KB
- g871668dsp5.jpg (GRAPHIC) — 14KB
- 0001193125-24-184938.txt ( ) — 248KB
- msge-20240724.xsd (EX-101.SCH) — 3KB
- msge-20240724_lab.xml (EX-101.LAB) — 18KB
- msge-20240724_pre.xml (EX-101.PRE) — 11KB
- d871668d8k_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 July 24, 2024, between Madison Square Garden Entertainment Corp. and Layth Taki. 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. MADISON SQUARE GARDEN ENTERTAINMENT CORP. By: /s/ Mark Cresitello Name: Mark Cresitello Title: Secretary Date: July 25, 2024