---
schema_version: "secwatch.filing_event.v1"
accession: "0001335258-26-000041"
form_type: "8-K"
ticker: "LYV"
cik: "0001335258"
company_name: "Live Nation Entertainment, Inc."
filed_at: "2026-10-02T21:05:42+00:00"
generated_at: "2026-10-12T14:41:27.168567+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Live Nation extends CEO Michael Rapino's employment agreement through December 31, 2031

## Summary
- Live Nation and CEO Michael Rapino entered an amended employment agreement effective October 1, 2026, with a term ending December 31, 2031.
- Rapino's base salary remains $3,000,000; target annual cash bonus is $17,000,000, based on adjusted operating income targets, with 2026 bonus under the prior 2022 agreement.
- Upfront RSU grant is $20,000,000, vesting 40%/20%/20%/10%/10% over five years; 2027 annual grants include $10,000,000 performance shares, $15,000,000 time-based RSUs, and $15,000,000 target PSUs.
- Severance: termination without cause or good reason pays 2x base salary plus recent bonus and most recent Annual Performance Shares, with full equity acceleration.
- Change in control accelerates all unvested equity, except Annual PSU Awards vest based on actual performance through the change in control date.

## SEC filing metadata
- accession: 0001335258-26-000041
- form_type: 8-K
- ticker: LYV
- cik: 0001335258
- company_name: Live Nation Entertainment, Inc.
- filed_at: 2026-10-02T21:05:42+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1335258/000133525826000041/0001335258-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1335258/000133525826000041/lyv-20260930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001335258-26-000041
- JSON: https://secwatch.observer/filing/0001335258-26-000041.json
- Plain text: https://secwatch.observer/filing/0001335258-26-000041.txt

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