other material
confidence high
sentiment neutral
materiality 0.40
MSGE enters employment agreement with EVP/Treasurer D'Ambrosio: base $750K, bonus 100%, LTI $1.4M
Madison Square Garden Entertainment Corp.
- New employment agreement with Philip D'Ambrosio, Executive VP and Treasurer, effective April 1, 2026.
- Annual base salary of at least $750,000; target annual bonus of at least 100% of base salary.
- Expected annual long-term incentive awards with aggregate target value of at least $1,400,000.
- Severance if terminated without cause/for good reason before March 31, 2029: minimum sum of base salary plus target bonus.
- Non-compete covenant restricts competitive activities for one year post-termination.