Sphere Entertainment Co. Announces Board and Executive Changes
Ticker: SPHR · Form: 8-K · Filed: 2025-01-08T00:00:00.000Z
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Sphere Entertainment Co. shuffled its board and exec comp. New faces, new pay structures.
AI Summary
Sphere Entertainment Co. announced on January 6, 2025, changes in its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. These changes are effective as of January 6, 2025.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, potentially impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future strategy and performance.
Key Numbers
- 001-39245 — SEC File Number (Identifies the company's filing with the SEC.)
- 84-3755666 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Sphere Entertainment Co. (company) — Registrant
- January 6, 2025 (date) — Effective date of changes
- Madison Square Garden Entertainment Corp. (company) — Former company name
- MSG ENTERTAINMENT SPINCO, INC. (company) — Former company name
FAQ
Who has departed from Sphere Entertainment Co.'s board or officer positions?
The filing indicates the departure of certain officers and directors, though specific names are not detailed in this summary section of the 8-K.
When were these changes effective?
The changes reported in this 8-K filing were effective as of January 6, 2025.
What specific items are covered under the 'Compensatory Arrangements' mentioned?
The filing refers to updates to compensatory arrangements for certain officers, but the specific details of these arrangements are not provided in this summary.
What is Sphere Entertainment Co.'s principal executive address?
Sphere Entertainment Co.'s principal executive address is Two Pennsylvania Plaza, New York, NY 10121.
What is the company's fiscal year end?
Sphere Entertainment Co.'s fiscal year ends on June 30.
From the Filing
0001193125-25-003542.txt : 20250108 0001193125-25-003542.hdr.sgml : 20250108 20250108163517 ACCESSION NUMBER: 0001193125-25-003542 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250106 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: 20250108 DATE AS OF CHANGE: 20250108 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: 25518964 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 d837911d8k.htm 8-K 8-K false 0001795250 0001795250 2025-01-06 2025-01-06     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): January 6, 2025     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. Appointment of Executive Vice President, Chief Financial Officer and Treasurer The Board of Directors of Sphere Entertainment Co. (the “Company”) appointed Robert Lange