MSG Entertainment Names David Zaslav CEO, Director Departs

Ticker: MSGE · Form: 8-K · Filed: 2024-11-15T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, executive-appointment, director-departure

Related Tickers: MSGE

TL;DR

Zaslav takes over MSG Entertainment as CEO, Baker out. Big media move.

AI Summary

Madison Square Garden Entertainment Corp. announced on November 13, 2024, the departure of director Charles P. Baker, Jr. and the election of new director, David M. Zaslav. The company also announced the appointment of David M. Zaslav as President and Chief Executive Officer, effective November 15, 2024. This transition follows the previously announced separation of MSG Entertainment from its entertainment and sports content and production business.

Why It Matters

The appointment of David Zaslav, CEO of Warner Bros. Discovery, as the new CEO of MSG Entertainment signals a significant leadership change and potential strategic shift for the company.

Risk Assessment

Risk Level: medium — Leadership changes, especially involving a prominent figure like David Zaslav, can introduce uncertainty and potential strategic shifts that may impact the company's future performance.

Key Players & Entities

FAQ

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

David M. Zaslav has been appointed as the new President and Chief Executive Officer, effective November 15, 2024.

Who has departed from the board of directors of Madison Square Garden Entertainment Corp.?

Charles P. Baker, Jr. has departed from the board of directors.

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

The earliest event reported was on November 13, 2024.

What is the effective date for David M. Zaslav's new role as CEO?

The effective date for David M. Zaslav's appointment as President and Chief Executive Officer is November 15, 2024.

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

The principal executive office address is Two Pennsylvania Plaza, New York, NY 10121.

From the Filing

0001193125-24-259912.txt : 20241115 0001193125-24-259912.hdr.sgml : 20241115 20241115170053 ACCESSION NUMBER: 0001193125-24-259912 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241113 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241115 DATE AS OF CHANGE: 20241115 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: 241468729 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 d781637d8k.htm 8-K 8-K false 0001952073 0001952073 2024-11-13 2024-11-13     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): November 13, 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 November 13, 2024, Madison Square Garden Entertainment Corp. (the “Company”) and Michael J. Grau, the Company’s Executive Vice President and Chief Financial Officer, agreed that he will be leaving the Company, and effective November 20, 2024, will cease to be Chief Financial Officer.

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