MSG Sports Adds Directors, Loses One

TL;DR

MSG Sports swapped a director, adding Lustgarten and Boyar to the board.

AI Summary

Madison Square Garden Sports Corp. announced on July 3, 2024, the departure of director David M. Rone. The company also elected Andrew M. Lustgarten and Jonathan A. Boyar as new directors, effective immediately. These changes are part of the company's ongoing corporate governance.

Why It Matters

Changes in board composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future company performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine board changes and does not indicate significant financial distress or operational disruption.

Key Players & Entities

• Madison Square Garden Sports Corp. (company) — Registrant
• David M. Rone (person) — Departing Director
• Andrew M. Lustgarten (person) — Newly Elected Director
• Jonathan A. Boyar (person) — Newly Elected Director
• July 3, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001193125-24-176741.txt : 20240709 0001193125-24-176741.hdr.sgml : 20240709 20240709161530 ACCESSION NUMBER: 0001193125-24-176741 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240703 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: 20240709 DATE AS OF CHANGE: 20240709 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: 241107628 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 d827900d8k.htm 8-K 8-K NY false 0001636519 0001636519 2024-07-03 2024-07-03     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): July 3, 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 July 3, 2024, Madison Square Garden Sports Corp. (the “Company&#82