leadership
confidence high
sentiment neutral
materiality 0.35
Starz enters new employment agreement with President Alison Hoffman through 2029
STARZ ENTERTAINMENT CORP /CN/
- Agreement effective Aug 6, 2026 through Dec 31, 2029; Hoffman continues as President, Starz Networks reporting to CEO Jeffrey Hirsch.
- Base salary set at $1,485,000; annual bonus target 150% of base; annual equity grants targeted at 100% of base salary.
- Severance on qualifying termination: greater of remaining term base salary or 18 months' base, plus COBRA for 18 months.
- Change-in-control termination adds 70% lump sum on top of severance; equity acceleration for 12-month vesting from termination.
- Restrictive covenants include confidentiality and 12-month non-solicitation of Starz employees.