MSG Sports CEO Andrew Lustgarten to step down Jan 1; David Hopkinson named President and COO

Madison Square Garden Sports Corp.

CEO Andrew Lustgarten to step down effective Jan 1, 2023; will remain as director on Board.
David Hopkinson appointed President and COO effective immediately; previously EVP, Team Business Operations at MSG Sports.
No new CEO named; Executive Chairman James Dolan to continue oversight of Knicks and Rangers operations.
Hopkinson employment agreement: $1.25M base salary, 150% target bonus, $2.375M target long-term incentive.
Transition is planned; Lustgarten led spin-off from MSG Entertainment and record FY2022 financial results.

item 5.02 item 9.01

Executive movements

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

Appointed

Andrew Lustgarten

Director

MSGS · Madison Square Garden Sports Corp.

Effective: 2023-01-01
Filed: September 9, 2022, 7:59 PM ET

On September 9, 2022, the Board of Directors (the “Board”), effective as of January 1, 2023, expanded the number of directors on the Board by one director, and the directors who are designated as elected by holders of the Company’s Class B common stock, par value $0.01 per share (the “Class B Common Stock”), appointed Mr. Lustgarten to serve as a director of the Company elected by such holders of the Class B Common Stock.

Appointed

David Hopkinson

President and Chief Operating Officer

MSGS · Madison Square Garden Sports Corp.

Effective: 2022-09-09
Filed: September 9, 2022, 7:59 PM ET

On September 9, 2022, the Board appointed David Hopkinson as President and Chief Operating Officer of the Company, effective immediately.

Departed

Andrew Lustgarten

President and Chief Executive Officer

MSGS · Madison Square Garden Sports Corp.

Effective: 2023-01-01
Filed: September 9, 2022, 7:59 PM ET

Andrew Lustgarten, President and Chief Executive Officer of Madison Square Garden Sports Corp. (the “Company”), will step down from his role as Chief Executive Officer as of January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Lustgarten was appointed as Director at Madison Square Garden Sports Corp..

Action: appointed
Role: Director

Exact text from the filing

On September 9, 2022, the Board of Directors (the “Board”), effective as of January 1, 2023, expanded the number of directors on the Board by one director, and the directors who are designated as elected by holders of the Company’s Class B common stock, par value $0.01 per share (the “Class B Common Stock”), appointed Mr. Lustgarten to serve as a director of the Company elected by such holders of the Class B Common Stock.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Hopkinson was appointed as President and Chief Operating Officer at Madison Square Garden Sports Corp..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On September 9, 2022, the Board appointed David Hopkinson as President and Chief Operating Officer of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Lustgarten departed as President and Chief Executive Officer at Madison Square Garden Sports Corp..

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

Andrew Lustgarten, President and Chief Executive Officer of Madison Square Garden Sports Corp. (the “Company”), will step down from his role as Chief Executive Officer as of January 1, 2023.

View on SEC.gov

Madison Square Garden Sports Corp. filing history →

Source: SEC EDGAR

accession 0001193125-22-242003

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