MSG Reports Executive/Director Changes, Compensation on Feb 1

Ticker: MSGE · Form: 8-K · Filed: 2024-02-05T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, compensatory-arrangements, corporate-governance

TL;DR

**MSG filed an 8-K about leadership changes and compensation on Feb 1, watch for details.**

AI Summary

Madison Square Garden Entertainment Corp. (MSG) filed an 8-K on February 5, 2024, reporting an event that occurred on February 1, 2024. This filing primarily concerns the departure or election of directors or officers and their compensatory arrangements, as well as the inclusion of financial statements and exhibits. While specific names or dollar amounts are not detailed in this summary, the filing indicates changes in executive leadership or board composition, which can impact the company's strategic direction and operational performance. Investors should monitor subsequent filings for details on these changes, as they could influence future stock performance.

Why It Matters

Changes in leadership can signal shifts in company strategy or performance, directly impacting investor confidence and the stock's future trajectory. Understanding these changes is crucial for assessing the company's stability and growth prospects.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership and compensation, which can introduce uncertainty regarding future company direction and stability, warranting a medium risk assessment.

Analyst Insight

Investors should monitor Madison Square Garden Entertainment Corp.'s subsequent filings and news releases for specific details on the executive and director changes and their compensation, as these specifics will provide a clearer picture of potential strategic shifts and their impact on the company's future.

Key Numbers

February 1, 2024 — Date of earliest event reported (This is the date the reported changes in leadership or compensation occurred.)
February 5, 2024 — Date of 8-K filing (This is when the company officially disclosed the event to the SEC.)
001-41627 — Commission File Number (Unique identifier for MSG's filings with the SEC.)

Key Players & Entities

Madison Square Garden Entertainment Corp. (company) — the registrant filing the 8-K
Delaware (company) — state of incorporation for MSG
001-41627 (dollar_amount) — Commission File Number for MSG
92-0318813 (dollar_amount) — IRS Employer Identification No. for MSG
Two Pennsylvania Plaza, New York, NY 10121 (company) — principal executive offices address for MSG
(212) 465-6000 (dollar_amount) — telephone number for MSG
MSG (company) — trading symbol for Class A Common Stock

Forward-Looking Statements

Further details regarding the specific individuals involved in the leadership changes and their compensation will be disclosed in subsequent filings or press releases. (Madison Square Garden Entertainment Corp.) — high confidence, target: Q1 2024

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 1, 2024, as stated in the 'Date of Report (Date of earliest event reported): February 1, 2024' section.

What specific items are covered under Item 5.02 in this 8-K filing?

Item 5.02, 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' is covered in this 8-K filing, indicating changes in leadership and their compensation.

What is the trading symbol for Madison Square Garden Entertainment Corp.'s Class A Common Stock?

The trading symbol for Madison Square Garden Entertainment Corp.'s Class A Common Stock is MSG, as listed under 'Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of Each Exchange on Which Registered Class A Common Stock MSG'.

What is the business address of Madison Square Garden Entertainment Corp.?

The business address of Madison Square Garden Entertainment Corp. is Two Pennsylvania Plaza, New York, NY 10121, as specified in the filing.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on February 5, 2024, as indicated by the 'FILED AS OF DATE: 20240205' and 'ACCESSION NUMBER: 0001193125-24-024109' information.

From the Filing

0001193125-24-024109.txt : 20240205 0001193125-24-024109.hdr.sgml : 20240205 20240205163307 ACCESSION NUMBER: 0001193125-24-024109 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240201 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240205 DATE AS OF CHANGE: 20240205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Madison Square Garden Entertainment Corp. CENTRAL INDEX KEY: 0001952073 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 920318813 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41627 FILM NUMBER: 24596202 BUSINESS ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 BUSINESS PHONE: (212) 465-6000 MAIL ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 FORMER COMPANY: FORMER CONFORMED NAME: MSGE Spinco, Inc. DATE OF NAME CHANGE: 20221025 8-K 1 d152612d8k.htm 8-K 8-K false 0001952073 0001952073 2024-02-01 2024-02-01     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 1, 2024     MADISON SQUARE GARDEN ENTERTAINMENT CORP. (Exact Name of Registrant as Specified in Charter)       Delaware   001-41627   92-0318813 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   Two Pennsylvania Plaza , New York , NY     10121 (Address of principal executive offices)     (Zip Code) Registrant’s telephone number, including area code: (212) 465-6000 Not Applicable (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of Each Exchange on Which Registered Class A Common Stock   MSGE   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☒       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Executive Vice President and Chief Financial Officer On February 1, 2024, the Board of Directors of Madison Square Garden Entertainment Corp. (the “Company”) appointed Michael Grau, 58, as Exe