secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Sports Corp. (MSGS)
CIK:        0001636519
Form:       8-K
Filed at:   2022-09-09T23:59:59+00:00
Accession:  0001193125-22-242003
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636519/000119312522242003/0001193125-22-242003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636519/000119312522242003/d345275d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-242003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer