secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001193125-24-075186
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Lions Gate enters CFO James W. Barge employment agreement; $1.25M salary, 240% bonus target
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- Term runs Aug 1 2023 to July 31 2026; base salary $1,250,000.
- Annual target bonus at 240% of base; equity grants worth $3,750,000 annually in RSUs and options.
- Severance: without cause, greater of 50% of base for remainder of term or 18 months' base; enhanced if near change in control.
- At term end (Aug 2026), one-year consulting agreement at $41,666.67/month.
- Equity awards vest over three years; acceleration on certain terminations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000119312524075186/0001193125-24-075186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000119312524075186/d811278d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-075186

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