MSGS amends James Dolan's employment agreement, allows concurrent roles at affiliates; expands conflict policy

Madison Square Garden Sports Corp.

James L. Dolan's amended employment agreement recognizes his roles at MSG Entertainment and Sphere Entertainment; base salary remains at least $1.25M.
Alex Shvartsman's new employment agreement sets annual base salary not less than $435,000, effective April 17, 2023 through April 17, 2026.
Amended award agreements: employees moving between MSGS, Sphere Entertainment, or MSG Entertainment continue to vest; vesting stops if entities cease to be affiliates.
Board amended Overlap Policy to extend conflict-of-interest provisions to directors and officers serving MSG Entertainment.
Overlapping directors: nine on MSG Entertainment board, ten on Sphere Entertainment, seven on AMC Networks.

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