Appoints Philip G. D'Ambrosio as EVP and Treasurer with new employment agreement effective April 1, 2023

Madison Square Garden Entertainment Corp.

D'Ambrosio promoted from SVP and Treasurer to EVP and Treasurer; new agreement runs through March 31, 2026.
Annual base salary set at minimum $750,000; eligible for annual target bonus of at least 75% of salary.
Expected annual long-term incentive awards of at least $1,200,000 aggregate target value; prorated award of $50,000 for FY ending June 30, 2023.
New terms include customary severance provisions (at least sum of base salary and target bonus) subject to release.

item 5.02 item 9.01

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Role change

Philip G. D'Ambrosio

Executive Vice President and Treasurer

MSGE · Madison Square Garden Entertainment Corp.

Effective: 2023-04-01
Filed: June 2, 2023, 7:59 PM ET

On May 31, 2023, the Board of Directors of Madison Square Garden Entertainment Corp. (the “Company”) appointed Philip G. D’Ambrosio as Executive Vice President and Treasurer effective as of April 1, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Philip G. D'Ambrosio was appointed as Executive Vice President and Treasurer at Madison Square Garden Entertainment Corp..

Action: appointed
Role: Executive Vice President and Treasurer

Exact text from the filing

On May 31, 2023, the Board of Directors of Madison Square Garden Entertainment Corp. (the “Company”) appointed Philip G. D’Ambrosio as Executive Vice President and Treasurer effective as of April 1, 2023.

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Madison Square Garden Entertainment Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-159883

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