secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001193125-24-200610
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lions Gate enters 5-year CEO contract with Feltheimer; target bonus $7.5M, annual equity $10M
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- Base salary of $1.5M, target bonus $7.5M with 200% max, and annual equity target $10M (RSUs, options/SARs, performance RSUs).
- Five-year term from Aug 1, 2024 through July 31, 2029; replaces prior agreement from 2020/2022.
- Termination without cause or for good reason triggers cash severance equal to present value of base salary through 2029; change-of-control severance greater of that or $6M.
- Upon qualifying termination or retirement, unvested annual equity awards accelerate or continue vesting.
- Annual equity grants for FY2026-2029 each split 1/3 time-based RSU, 1/3 options/SARs, 1/3 performance RSU.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000119312524200610/0001193125-24-200610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000119312524200610/d856748d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-200610

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