secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0000929351-25-000145
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Jeffrey Hirsch enters new employment agreement through 2028; base salary $1.55M, annual LTI $9M
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- Base salary $1,550,000; annual bonus target 300% of base salary, pro-rated for FY Apr 2025.
- Annual LTI opportunity of $9M: $2.5M time-based RSUs, $3.25M AOIBDA award, $3.25M stock performance award, $6M out-performance bonus.
- Term from May 7, 2025 through December 31, 2028; based in Los Angeles.
- Severance: without cause/good reason = 0.75x salary+target bonus; change-in-control = 1.25x; non-renewal = 12 months base salary.
- Stock price targets: FY2026 $25, FY2027 $30, FY2028 $35; out-performance targets $40/$45/$50.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000092935125000145/0000929351-25-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000092935125000145/starz-20251111.htm
  HTML page:      https://secwatch.observer/filing/0000929351-25-000145

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer