---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-021731"
form_type: "8-K"
ticker: "LION"
cik: "0002052959"
company_name: "Lionsgate Studios Corp."
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T08:09:08.094188+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lionsgate appoints Steven Mnuchin to board; enters standstill pact with major holders

## Summary
- Steven Mnuchin appointed to Board effective Jan 26, 2026; Board now has 11 directors.
- Standstill agreement with Liberty 77 Capital and MHR Fund Management caps ownership at 17.5%, imposes voting and transfer restrictions.
- Mnuchin, former U.S. Treasury Secretary, brings financial and entertainment industry expertise.
- Liberty and MHR must vote all common shares for each other's board nominees per agreement.
- Agreement grants Mnuchin pre-emptive and registration rights consistent with prior investor rights.

## SEC filing metadata
- accession: 0001193125-26-021731
- form_type: 8-K
- ticker: LION
- cik: 0002052959
- company_name: Lionsgate Studios Corp.
- filed_at: 2026-01-26T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2052959/000119312526021731/0001193125-26-021731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2052959/000119312526021731/d101361d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-021731
- JSON: https://secwatch.observer/filing/0001193125-26-021731.json
- Plain text: https://secwatch.observer/filing/0001193125-26-021731.txt

## Key facts
- Material Agreements
  Lionsgate Studios Corp. entered into Governance, Standstill and Voting Agreement with Liberty 77 Capital L.P., Liberty 77 Fund L.P., Liberty 77 Fund International L.P., and MHR Fund Management, LLC and affiliated funds (effective 2026-01-26).
  - Action: entry
  - Counterparty: Liberty 77 Capital L.P., Liberty 77 Fund L.P., Liberty 77 Fund International L.P., and MHR Fund Management, LLC and affiliated funds
  - Effective: 2026-01-26
  source text: On January 26, 2026, Lionsgate Studios Corp. (the “Company”) entered into a Governance, Standstill and Voting Agreement (the “Standstill Agreement”) with Liberty 77 Capital L.P., a Delaware limited partnership, Liberty 77 Fund L.P., a Cayman Islands exempted limited partnership, and Liberty 77 Fund International L.P., a Cayman Islands exempted limited partnership (each, a “Liberty Party,” and together, the “Liberty Parties”), and MHR Fund Management, LLC and affiliated funds (together, “MHR Fund Management”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2052959/000119312526021731/0001193125-26-021731-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.