Madison Square Garden Entertainment appoints Byrnes as CFO, inks new Lustgarten employment pact

Sphere Entertainment Co.

David Byrnes appointed EVP & CFO effective Jan 24, 2022, succeeding Mark FitzPatrick. Base salary $800k, target bonus 100%, special cash award up to $1.331M, LTI target min $1.2M.
Andrew Lustgarten enters new employment agreement with MSGE through Dec 31, 2024. Base $800k, target bonus 200% of base, LTI target min $1.6M.
Byrnes joins from ViacomCBS (EVP Corporate Finance); previously at CBS and ADP.
Lustgarten's agreement recognizes his dual CEO/President role at MSGS; severance no less than 2x base plus target bonus.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Mark FitzPatrick

Executive Vice President and Chief Financial Officer

SPHR · Sphere Entertainment Co.

Effective: 2022-01-24
Successor: David Byrnes
Filed: December 21, 2021, 6:59 PM ET

who will replace Mark FitzPatrick, the Company’s current Executive Vice President and Chief Financial Officer

Appointed

David Byrnes

Executive Vice President and Chief Financial Officer

SPHR · Sphere Entertainment Co.

Effective: 2022-01-24
Filed: December 21, 2021, 6:59 PM ET

appointed David Byrnes, 51, as Executive Vice President and Chief Financial Officer of the Company effective January 24, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Mark FitzPatrick departed as Executive Vice President and Chief Financial Officer at Sphere Entertainment Co..

Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

who will replace Mark FitzPatrick, the Company’s current Executive Vice President and Chief Financial Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

David Byrnes was appointed as Executive Vice President and Chief Financial Officer at Sphere Entertainment Co..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

appointed David Byrnes, 51, as Executive Vice President and Chief Financial Officer of the Company effective January 24, 2022

View on SEC.gov

Sphere Entertainment Co. filing history →

Source: SEC EDGAR

accession 0001193125-21-363638

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