secwatch.observer — SEC 8-K summary
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Issuer:     Lionsgate Studios Corp. (LION)
CIK:        0002052959
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0002052959-26-000037
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Feltheimer gets 2-year extension; equity awards vest if stock reaches $17.50 to $22.50
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- Term extended two years to July 31, 2031; base salary stays $1.5M, target bonus $7.5M.
- Granted option for 4.5M shares at $11.07 exercise price and 666,667 RSUs.
- Awards vest only if average closing price reaches $17.50, $20.00, or $22.50 within 5 years plus continued employment.
- Also entitled to annual equity grants of $10M target value for FY2026-2029.
- Enhanced severance: cash severance up to $6M if terminated after change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2052959/000205295926000037/0002052959-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2052959/000205295926000037/lion-20260413.htm
  HTML page:      https://secwatch.observer/filing/0002052959-26-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer