MSG Entertainment completes acquisition of MSG Networks, creating a combined entertainment and media company

Sphere Entertainment Co.

Merger closed July 9, 2021; MSG Networks holders received 0.172 MSGE shares per MSGN share.
Transaction structured as tax-free for U.S. federal income tax purposes for both companies and stockholders.
Combined company expected to realize tax efficiencies, cost synergies, and interest expense savings.
Andrew Lustgarten remains President of MSG Entertainment; Andrea Greenberg joins as President and CEO of MSG Networks.
Joel Litvin appointed to MSG Entertainment board effective July 9, 2021.

item 2.01 item 5.02 item 5.07 item 7.01 item 9.01

Executive movements

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Appointed

Joel Litvin

Director

SPHR · Sphere Entertainment Co.

Effective: 2021-07-09
Filed: July 9, 2021, 7:59 PM ET

the Board of Directors of MSG Entertainment (the “ Board ”) increased the size of the Board by one member and appointed Joel Litvin, a former director of MSG Networks appointed by the holders of MSGN Class A Common Stock, to fill the newly created vacancy

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joel Litvin was appointed as Director at Sphere Entertainment Co..

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors of MSG Entertainment (the “ Board ”) increased the size of the Board by one member and appointed Joel Litvin, a former director of MSG Networks appointed by the holders of MSGN Class A Common Stock, to fill the newly created vacancy

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Sphere Entertainment Co. filing history →

Source: SEC EDGAR

accession 0001193125-21-211958

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