---
schema_version: "secwatch.filing_event.v1"
accession: "0001560385-25-000013"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T08:42:34.165633+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Liberty Media modifies CEO Derek Chang's equity grants; board re-elected at annual meeting

## Summary
- CEO Derek Chang's 2025 equity grants modified to allocate between FWONK and LLYVK tracking stocks like other management.
- Upfront signing award: 44,521 FWONK RSUs and 15,513 LLYVK RSUs; upfront RSU award: 133,562 FWONK and 46,538 LLYVK RSUs; also 68,388 FWONK options at $94.11 and 23,628 LLYVK options at $76.45.
- Vesting dates moved to December 15, 2029; all other terms unchanged from January 2025 Offer of Employment.
- Stockholders re-elected John C. Malone, Robert R. Bennett, and M. Ian G. Gilchrist as Class III directors.
- Ratified KPMG LLP as independent auditors for fiscal year 2025 with 91.3 million votes in favor.

## SEC filing metadata
- accession: 0001560385-25-000013
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000156038525000013/0001560385-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000156038525000013/lmca-20250512x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560385-25-000013
- JSON: https://secwatch.observer/filing/0001560385-25-000013.json
- Plain text: https://secwatch.observer/filing/0001560385-25-000013.txt

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