secwatch.observer — SEC 8-K summary
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Issuer:     Madison Square Garden Entertainment Corp. (MSGE)
CIK:        0001952073
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001193125-24-184938
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appoints Layth Taki as SVP, Controller & Principal Accounting Officer, effective Sep 9, 2024
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- Layth Taki, formerly CAO of Ziff Davis and Altice USA, will serve as SVP, Controller & Principal Accounting Officer.
- Base salary of at least $500,000; annual target bonus of at least 50% of base salary; long-term incentive target of at least $500,000 annually.
- One-time special cash award of $250,000 payable within 30 days of start date; subject to clawback if employment ends before first anniversary.
- One-time special RSU grant of $750,000 (granted April 2025, vesting over three years on Sep 15, 2025, 2026, 2027).
- Severance includes at least sum of base salary and target bonus if terminated without cause or for good reason before third anniversary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1952073/000119312524184938/0001193125-24-184938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1952073/000119312524184938/d871668d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-184938

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