Dolan Family Trusts File SC 13D/A for MSG Entertainment
Ticker: MSGE · Form: SC 13D/A · Filed: Mar 19, 2024 · CIK: 1952073
| Field | Detail |
|---|---|
| Company | Madison Square Garden Entertainment CORP. (MSGE) |
| Form Type | SC 13D/A |
| Filed Date | Mar 19, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, family-trusts
TL;DR
Dolan family trusts updated their MSG Entertainment stake filing - significant ownership group.
AI Summary
On March 19, 2024, a SC 13D/A filing was made concerning Madison Square Garden Entertainment Corp. The filing lists numerous Dolan family trusts and individuals as group members, including Charles F. Dolan, James L. Dolan, and Deborah Dolan-Sweeney. The filing indicates a change in the date as of which the information is reported to March 19, 2024.
Why It Matters
This filing signifies a coordinated action or change in beneficial ownership among key members and trusts associated with the Dolan family regarding Madison Square Garden Entertainment Corp.
Risk Assessment
Risk Level: medium — The filing involves a large group of related entities and individuals, suggesting potential for coordinated actions or significant influence over the company.
Key Players & Entities
- Madison Square Garden Entertainment Corp. (company) — Subject company
- Charles F. Dolan (person) — Beneficial owner and part of group
- James L. Dolan (person) — Beneficial owner and part of group
- Deborah Dolan-Sweeney (person) — Beneficial owner and part of group
- CHARLES F. DOLAN 2009 FAMILY TRUST (company) — Group member
- CHARLES F. DOLAN 2009 REVOCABLE TRUST (company) — Group member
FAQ
What is the primary purpose of this SC 13D/A filing?
The filing is an amendment to a Schedule 13D, typically used to report changes in beneficial ownership of a public company's securities. This amendment likely updates information regarding the Dolan family trusts' holdings in Madison Square Garden Entertainment Corp.
Who are the main individuals and entities listed as group members in this filing?
The filing lists numerous Dolan family trusts, such as the CHARLES F. DOLAN 2009 FAMILY TRUST and CHARLES F. DOLAN CHILDREN TRUST, along with individuals like Charles F. Dolan, James L. Dolan, and Deborah Dolan-Sweeney.
What is the date of the change reported in this filing?
The date of change reported in this filing is March 19, 2024.
What is the company's Central Index Key (CIK)?
The Central Index Key for Madison Square Garden Entertainment Corp. is 0001952073.
What is the Standard Industrial Classification (SIC) code for Madison Square Garden Entertainment Corp.?
The SIC code for Madison Square Garden Entertainment Corp. is 7990, which falls under SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION.
Filing Stats: 4,788 words · 19 min read · ~16 pages · Grade level 6.8 · Accepted 2024-03-19 20:15:31
Key Financial Figures
- $0.01 — ssuer) Class A Common Stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- tm249013d1_sc13da.htm (SC 13D/A) — 330KB
- tm249013d1_ex99-a.htm (EX-99.A) — 19KB
- tm249013d1_ex99-b2.htm (EX-99.B(2)) — 20KB
- 0001104659-24-036297.txt ( ) — 372KB
From the Filing
SC 13D/A 1 tm249013d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) Madison Square Garden Entertainment Corp. (Name of Issuer) Class A Common Stock, par value $0.01 per share (Title of Class of Securities) 558256 103 (CUSIP Number) Samantha H. Crispin Quentin W. Wiest Baker Botts L.L.P. 30 Rockefeller Plaza New York, New York 10112 ( 212) 408-2500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 15, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 558256 103 1. Names of Reporting Persons Charles F. Dolan, individually and as a Trustee of the Charles F. Dolan 2009 Revocable Trust 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) 00, PF – See Item 3 of Statement 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) 6. Citizenship or Place of Organization U.S.A. Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power 0 8. Shared Voting Power 4,167,322 9. Sole Dispositive Power 0 10. Shared Dispositive Power 4,167,322 11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,167,322 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) * 13. Percent of Class Represented by Amount in Row (11) 9.3% 14. Type of Reporting Person (See Instructions) IN (*) Excludes 3,003,469 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which Charles F. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities. 2 CUSIP No. 558256 103 1. Names of Reporting Persons James L. Dolan 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) 00 – See Item 3 of Statement 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) 6. Citizenship or Place of Organization U.S.A. Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power 825,983 8. Shared Voting Power 987,449 9. Sole Dispositive Power 825,983 10. Shared Dispositive Power 987,449 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,813,432 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) * 13. Percent of Class Represented by Amount in Row (11) 4.2% 14. Type of Reporting Person (See Instructions) IN (*) Excludes 5,725,962 shares of Class A Common Stock issuable upon conversion of an equal number of shares of Class B Common Stock held by other Reporting Persons hereto as to which James L. Dolan disclaims beneficial ownership. This report shall not be construed as an admission that such person is the beneficial owner of such securities. 3 CUSIP No. 558256 103 1. Names of Reporting Persons Thomas C. Dolan 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) 00 – See Item 3 of Statement 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) 6. Citizenship or Place of Organization U.S.A. Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power 369,708 8. Shared Voting Power 488,579 9. Sole Dispositive Power 369,708 10. Shared Dispositive Power 488,579 11. Aggregate Amount Beneficially Owned by Each Reporting Person 858,287 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) * 13. Percent of Class Represented by Amount in Row (11) 2.1% 14. Type of Reporting Person