Lionsgate Elects New Directors, Updates Officer Structure
Ticker: STRZ · Form: 8-K · Filed: Jun 7, 2024 · CIK: 929351
| Field | Detail |
|---|---|
| Company | Lions Gate Entertainment Corp /Cn/ (STRZ) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | low |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $7,200,002, $3,500,005, $3,199,998, $900,003, $45,201 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, director-election, officer-appointment
TL;DR
Lionsgate board shakeup: Burns & Friedman join as Class II directors.
AI Summary
Lionsgate Entertainment Corp. announced on June 3, 2024, the election of new directors and changes in its officer structure. Specifically, Michael J. Burns and David R. Friedman were elected as Class II directors, and the company also appointed new officers as part of its ongoing corporate governance updates.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy, governance, and future direction.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes, such as director elections and officer appointments, which typically carry low immediate risk.
Key Players & Entities
- Lions Gate Entertainment Corp. (company) — Registrant
- Michael J. Burns (person) — Elected Class II Director
- David R. Friedman (person) — Elected Class II Director
- June 3, 2024 (date) — Date of earliest event reported
FAQ
Who were the individuals elected as Class II directors?
Michael J. Burns and David R. Friedman were elected as Class II directors.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated June 3, 2024.
What type of company is Lionsgate Entertainment Corp. based on its SIC code?
Lionsgate Entertainment Corp. is classified under SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812].
What is the state of incorporation for Lionsgate Entertainment Corp.?
Lionsgate Entertainment Corp. is incorporated in British Columbia, Canada.
What are the primary items reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 2,384 words · 10 min read · ~8 pages · Grade level 13.6 · Accepted 2024-06-07 16:03:05
Key Financial Figures
- $7,200,002 — e bonus as follows: for Mr. Feltheimer, $7,200,002 in stock awards; for Mr. Burns, $3,500,
- $3,500,005 — 200,002 in stock awards; for Mr. Burns, $3,500,005 in stock awards; for Mr. Barge, $3,199,
- $3,199,998 — 500,005 in stock awards; for Mr. Barge, $3,199,998 in stock awards; and for Mr. Goldsmith,
- $900,003 — in stock awards; and for Mr. Goldsmith, $900,003 in stock awards. Accordingly, the total
- $45,201 — in this column for fiscal 2024 includes $45,201 in club membership dues, $25,200 in sec
- $25,200 — cludes $45,201 in club membership dues, $25,200 in security service costs, and $200,592
- $200,592 — $25,200 in security service costs, and $200,592 in incremental costs for the personal u
- $45,750 — y-leased aircraft (net of approximately $45,750 reimbursed to the Company by Mr. Felthe
- $57,527 — in this column for fiscal 2024 includes $57,527 in incremental costs for the personal u
- $19,950 — y-leased aircraft (net of approximately $19,950 reimbursed to the Company by Mr. Burns)
- $18,213,948 — total compensation for fiscal 2024 was $18,213,948, and the median of the total compensati
- $130,004 — Executive Officer) for fiscal 2024 was $130,004. Accordingly, the Company estimates the
Filing Documents
- d796101d8k.htm (8-K) — 95KB
- 0001193125-24-157313.txt ( ) — 267KB
- lgfa-20240603.xsd (EX-101.SCH) — 3KB
- lgfa-20240603_def.xml (EX-101.DEF) — 15KB
- lgfa-20240603_lab.xml (EX-101.LAB) — 24KB
- lgfa-20240603_pre.xml (EX-101.PRE) — 15KB
- d796101d8k_htm.xml (XML) — 7KB
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 7, 2024 LIONS GATE ENTERTAINMENT CORP. By: /s/ James W. Barge Name: James W. Barge Title: Chief Financial Officer