secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2021-12-30T23:59:59+00:00
Accession:  0001193125-21-370645
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Madison Square Garden Sports enters new employment agreement with Executive Chairman James Dolan
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- Base salary of at least $1.25M; target annual bonus of 200% of base salary.
- Long-term incentive target of at least $6.15M annually starting FY2022; FY2022 mid-year grant of $2.55M.
- Severance on qualifying termination before June 30, 2024 equals at least 2x (base + target bonus), plus accelerated vesting.
- Agreement acknowledges Dolan's concurrent role at Madison Square Garden Entertainment Corp. (MSGE) and permits conflicts under Overlap Policy.
- Non-compete covenant extends one year post-termination; agreement effective retroactive to April 17, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312521370645/0001193125-21-370645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312521370645/d232425d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-370645

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