Sphere Entertainment Co. Elects New Director

Ticker: SPHR · Form: 8-K · Filed: 2024-12-10T00:00:00.000Z

Sentiment: neutral

Topics: board-appointment, director-election

TL;DR

Sphere Entertainment just added David Rone to its board, effective immediately.

AI Summary

Sphere Entertainment Co. announced on December 9, 2024, the election of David Rone as a Class II director, effective immediately. Rone, who has served as CEO of The Rone Group since 2017, will serve until the 2027 annual meeting of stockholders. He also joins the Audit Committee and the Compensation Committee of the Board.

Why It Matters

The addition of a new director with relevant industry experience can signal strategic shifts or enhanced oversight for the company's operations and financial health.

Risk Assessment

Risk Level: low — The filing primarily concerns a routine board appointment, which typically carries low inherent risk.

Key Numbers

Class II — Director Class (Designation of the newly elected director's class)

Key Players & Entities

Sphere Entertainment Co. (company) — Registrant
David Rone (person) — Newly elected Class II director
The Rone Group (company) — David Rone's current employer
2027 (date) — Term end for new director

FAQ

Who is David Rone and what is his background?

David Rone has served as the CEO of The Rone Group since 2017 and was elected as a Class II director of Sphere Entertainment Co.

When was David Rone's election effective?

David Rone's election as a Class II director was effective immediately as of December 9, 2024.

Until when will David Rone serve as a director?

David Rone will serve as a Class II director until the 2027 annual meeting of stockholders.

Which committees will David Rone join?

David Rone will join the Audit Committee and the Compensation Committee of the Board.

What is the company's jurisdiction of incorporation?

Sphere Entertainment Co. is incorporated in Delaware.

From the Filing

0001193125-24-274286.txt : 20241210 0001193125-24-274286.hdr.sgml : 20241210 20241210151053 ACCESSION NUMBER: 0001193125-24-274286 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241209 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: 20241210 DATE AS OF CHANGE: 20241210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sphere Entertainment Co. CENTRAL INDEX KEY: 0001795250 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 843755666 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39245 FILM NUMBER: 241538188 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: Madison Square Garden Entertainment Corp. DATE OF NAME CHANGE: 20200417 FORMER COMPANY: FORMER CONFORMED NAME: MSG ENTERTAINMENT SPINCO, INC. DATE OF NAME CHANGE: 20191126 8-K 1 d877810d8k.htm 8-K 8-K false 0001795250 0001795250 2024-12-09 2024-12-09     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 9, 2024     SPHERE ENTERTAINMENT CO. (Exact Name of Registrant as Specified in Charter)       Delaware   001-39245   84-3755666 (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: (725) 258-0001 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   SPHR   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. As disclosed on October 8, 2024, Sphere Entertainment Co. (the “Company”) announced that Mr. David F. Byrnes, the Company’s Executive Vice Presid