{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-114510","form_type":"8-K","ticker":"STRZ","cik":"0000929351","company_name":"STARZ ENTERTAINMENT CORP /CN/","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.864895+00:00","generated_at":"2026-05-22T10:22:10.477485+00:00","sec_items":["1.01","2.03","1.02","2.01","3.01","5.01","3.03","5.03","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Lions Gate completes separation into two public companies: LION (NYSE) and STRZ (Nasdaq)","bullets":["Each Old Lionsgate share converted into 1.12 New Lionsgate common and 1.12 Starz common; Starz shares consolidated 15:1.","Starz entered new $300M term loan + $150M revolver credit facility maturing in 4 years; covenant step-down from 4.5x to 3.5x net leverage.","Starz board appointed: Michael Burns (Chair), CEO Jeffrey A. Hirsch, CFO Scott Macdonald; former CEO Jon Feltheimer removed.","Old Lionsgate shares delisted from NYSE, Legacy LG Studios from Nasdaq. New Lionsgate (LION) and Starz (STRZ) begin trading separately.","Old credit agreement repaid in full and terminated; all commitments thereunder ended."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-114510","json":"https://secwatch.observer/filing/0001193125-25-114510.json","markdown":"https://secwatch.observer/filing/0001193125-25-114510.md","text":"https://secwatch.observer/filing/0001193125-25-114510.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/d864362d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T10:22:10.477485+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"18c51c8a374f39239a8c4b6aab2256e3699d4121","claim":"STARZ ENTERTAINMENT CORP /CN/ incurred credit facility of $300.0 million senior secured term loan credit facility and a $150.0 million senior secured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR (subject to a 0.00% floor) or a base rate, in each case plus an applic maturing four years after the closing date of the facility.","evidence_excerpt":"Starz entered into a new credit agreement (the “Credit Agreement”) with Starz Capital Holdings LLC, as borrower (the “Borrower”), the guarantors referred to therein, the lenders referred to therein and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement provides for (i) a $300.0 million senior secured term loan credit facility and (ii) a $150.0 million senior secured revolving credit facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$300.0 million senior secured term loan credit facility and a $150.0 million senior secured revolving credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"Term SOFR (subject to a 0.00% floor) or a base rate, in each case plus an applic"},{"label":"Maturity","value":"four years after the closing date of the facility"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"112a9daaa1","claim":"Mignon L. Clyburn was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"206ddc12be","claim":"Jason Wyrick was appointed as Executive Vice President, Technology at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Jason Wyrick Executive Vice President, Technology","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President, Technology"}],"fact_type":"executive_change"},{"claim_id":"2422fad834","claim":"Audrey Lee was appointed as Executive Vice President, General Counsel and Secretary at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Audrey Lee Executive Vice President, General Counsel and Secretary","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President, General Counsel and Secretary"}],"fact_type":"executive_change"},{"claim_id":"55bd28933b","claim":"Jeffrey A. Hirsch was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5651e5ce19","claim":"Emily Fine was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5683c7e9b0","claim":"Alison Hoffman was appointed as President, Starz Networks at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Alison Hoffman President, Starz Networks","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President, Starz Networks"}],"fact_type":"executive_change"},{"claim_id":"5a4c9347d9","claim":"Lisa Gersh was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"60bb6bf69f","claim":"Dr. Marc Graboff was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"69b951444b","claim":"Hardwick Simmons was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7114841891","claim":"Jeffrey A. Hirsch was appointed as President and Chief Executive Officer at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Jeffrey A. Hirsch President and Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"9fd3dd4cf3","claim":"Michael Burns was appointed as Non-Executive Chair at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Michael Burns was appointed Non-Executive Chair of the Starz Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Non-Executive Chair"}],"fact_type":"executive_change"},{"claim_id":"a22c6e7ad3","claim":"Scott Macdonald was appointed as Chief Financial Officer and Treasurer at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Scott Macdonald Chief Financial Officer and Treasurer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer and Treasurer"}],"fact_type":"executive_change"},{"claim_id":"ac56b49a0a","claim":"Bruce Mann was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c7034e2899","claim":"Harry E. Sloan was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d9a242732c","claim":"Dr. Mark H. Rachesky was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ecf6115248","claim":"Joshua W. Sapan was appointed as Director at STARZ ENTERTAINMENT CORP /CN/.","evidence_excerpt":"Starz’s notice of articles were amended to remove all directors of Starz and to name Michael Burns, Mignon L. Clyburn, Emily Fine, Lisa Gersh, Dr. Marc Graboff, Jeffrey A. Hirsch, Bruce Mann, Dr. Mark H. Rachesky, Joshua W. Sapan, Hardwick Simmons and Harry E. Sloan as the members of the Starz board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"2fc5fc07e3fab06a5fb1d45c8849a23b17166033","claim":"STARZ ENTERTAINMENT CORP /CN/: Notice of articles of Starz were amended in their entirety in connection with the completion of the Transactions.","evidence_excerpt":"the notice of articles of Starz were amended in their entirety. Copies of Starz’s Articles and Notice of Articles are filed as Exhibits 3.1 and 3.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"849391c189d6aa154fc36bc635d377807aa08d1a","claim":"STARZ ENTERTAINMENT CORP /CN/ completed a disposition involving Lionsgate Studios Corp. (New Lionsgate) (closed 2025-05-06).","evidence_excerpt":"On May 6, 2025, pursuant to the Arrangement Agreement, Old Lionsgate completed the separation of the businesses of New Lionsgate and Starz through a series of transactions","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000119312525114510/0001193125-25-114510-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Lionsgate Studios Corp. (New Lionsgate)"},{"label":"Closing","value":"2025-05-06"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}