MSG Sports Corp. Announces Director Changes and Executive Compensation Details

TL;DR

MSG Sports board shakeup: David Watson out, Andrew Whitman in. Executive pay details also disclosed.

AI Summary

Madison Square Garden Sports Corp. announced on April 1, 2024, the departure of director David M. Watson and the appointment of Andrew Whitman as a new director. The company also reported on compensatory arrangements for its named executive officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing primarily concerns routine board changes and executive compensation disclosures, which typically carry low immediate risk.

Key Players & Entities

• Madison Square Garden Sports Corp. (company) — Registrant
• David M. Watson (person) — Departing Director
• Andrew Whitman (person) — Appointed Director
• 2 Penn Plaza (location) — Company Address

FAQ

From the Filing

0001193125-24-083399.txt : 20240401 0001193125-24-083399.hdr.sgml : 20240401 20240401161757 ACCESSION NUMBER: 0001193125-24-083399 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240401 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240401 DATE AS OF CHANGE: 20240401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Madison Square Garden Sports Corp. CENTRAL INDEX KEY: 0001636519 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 473373056 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36900 FILM NUMBER: 24809537 BUSINESS ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 BUSINESS PHONE: 212-465-4111 MAIL ADDRESS: STREET 1: TWO PENNSYLVANIA PLAZA CITY: NEW YORK STATE: NY ZIP: 10121 FORMER COMPANY: FORMER CONFORMED NAME: Madison Square Garden Sports Corp DATE OF NAME CHANGE: 20200417 FORMER COMPANY: FORMER CONFORMED NAME: Madison Square Garden Co DATE OF NAME CHANGE: 20151001 FORMER COMPANY: FORMER CONFORMED NAME: MSG SPINCO, INC. DATE OF NAME CHANGE: 20150313 8-K 1 d789255d8k.htm 8-K 8-K NY false 0001636519 0001636519 2024-04-01 2024-04-01     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): April 1, 2024     MADISON SQUARE GARDEN SPORTS CORP. (Exact name of registrant as specified in its charter)       Delaware   1-36900   47-3373056 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   2 Penn Plaza , New York , New York   10121 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code (212) 465-4111 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:     ☐ 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   MSGS   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. On April 1, 2024, Madison Square Garden Sports Corp. (the “Company”) announced that David Hopkinson, the Company’s President and Chief Op