MSG Entertainment Appoints David M. Rone as CEO

Ticker: MSGE · Form: 8-K · Filed: 2024-06-21T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-appointment, board-of-directors

Related Tickers: MSGE

TL;DR

MSG Ent. names David M. Rone CEO, effective immediately. Board changes also noted.

AI Summary

Madison Square Garden Entertainment Corp. announced on June 20, 2024, the appointment of David M. Rone as Chief Executive Officer, effective immediately. Rone, who previously served as Executive Chairman, will now lead the company's strategic direction and operations. The filing also noted changes in the board of directors.

Why It Matters

This leadership change at a prominent entertainment company could signal shifts in strategic focus and operational priorities, potentially impacting its business performance and future investments.

Risk Assessment

Risk Level: medium — Leadership changes and board shifts can introduce uncertainty regarding future strategy and operational execution.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Executive Officer of Madison Square Garden Entertainment Corp.?

David M. Rone has been appointed as the new Chief Executive Officer.

When was the appointment of the new CEO effective?

The appointment was effective immediately as of June 20, 2024.

What was David M. Rone's previous role at Madison Square Garden Entertainment Corp.?

David M. Rone previously served as Executive Chairman.

What other significant changes were reported in the filing?

The filing also noted changes in the board of directors.

What is the principal executive office address for Madison Square Garden Entertainment Corp.?

The principal executive offices are located at Two Pennsylvania Plaza, New York, NY 10121.

From the Filing

0001193125-24-165814.txt : 20240621 0001193125-24-165814.hdr.sgml : 20240621 20240621170057 ACCESSION NUMBER: 0001193125-24-165814 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240620 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: 20240621 DATE AS OF CHANGE: 20240621 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: 241061258 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 d816758d8k.htm 8-K 8-K false 0001952073 0001952073 2024-06-20 2024-06-20     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): June 20, 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. On June 20, 2024, Madison Square Garden Entertainment Corp. (the “Company”) entered into a renewal employment agreement with James L. Dolan (the “Renewal Agreement”), effective July 1, 2024, the date

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