secwatch.observer — SEC 8-K summary
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Issuer:     Sphere Entertainment Co. (SPHR)
CIK:        0001795250
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001193125-23-291690
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sphere Entertainment appoints David Byrnes as CFO; base $1M, target bonus 100%
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- David Byrnes, 53, appointed EVP, CFO and Treasurer effective December 8, 2023.
- Previously served as EVP & CFO of MSGE (Feb 2023) and prior CFO of Sphere Entertainment (Jan 2022-Apr 2023).
- Base salary of $1M; annual target bonus not less than 100% of base; mid-year LTI grant of $100K.
- For fiscal 2024+, expected annual LTI target of $1.8M; severance of at least 2x base + target bonus.
- Employment agreement expires December 8, 2026; includes one-year non-compete after termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795250/000119312523291690/0001193125-23-291690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795250/000119312523291690/d636178d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-291690

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