MSG Sports Elects New Directors

Ticker: MSGS · Form: 8-K · Filed: 2024-12-05T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, governance

TL;DR

MSG Sports board shakeup: 3 new directors elected, old ones out.

AI Summary

Madison Square Garden Sports Corp. announced on December 3, 2024, a significant change in its board of directors. The company elected three new directors: David M. Rone, Jonathan D.Y. Kim, and Andrew M. Rosen. This follows the departure of existing directors, though specific reasons for their departure were not detailed in this filing.

Why It Matters

Changes in a company's board of directors can signal shifts in strategy, governance, or investor relations, potentially impacting future business decisions and stock performance.

Risk Assessment

Risk Level: medium — Board changes can indicate underlying issues or strategic shifts that may affect the company's future performance and stability.

Key Players & Entities

FAQ

Who were the newly elected directors of Madison Square Garden Sports Corp.?

The newly elected directors are David M. Rone, Jonathan D.Y. Kim, and Andrew M. Rosen.

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

The date of the earliest event reported was December 3, 2024.

What type of filing is this for Madison Square Garden Sports Corp.?

This is a Form 8-K, a current report filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.

What are the main items reported in this 8-K filing?

The filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, and submission of matters to a vote of security holders.

In which state is Madison Square Garden Sports Corp. incorporated?

Madison Square Garden Sports Corp. is incorporated in Delaware.

From the Filing

0001193125-24-271572.txt : 20241205 0001193125-24-271572.hdr.sgml : 20241205 20241205163054 ACCESSION NUMBER: 0001193125-24-271572 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241203 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20241205 DATE AS OF CHANGE: 20241205 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: 241529510 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 d908116d8k.htm 8-K 8-K false 0001636519 0001636519 2024-12-03 2024-12-03     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): December 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 December 3, 2024, Richard D. Parsons, a director elected by h

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