Form 4: Emily Fine Reports Beneficial Ownership Changes in Starz Entertainment Corp /CN/ Following Arrangement Agreement
SEC Form 4 Filing
Emily Fine, a director of Starz Entertainment Corp /CN/, reports changes in beneficial ownership following the consummation of an arrangement agreement.
Summary
- On May 7, 2025, Emily Fine, a director of Starz Entertainment Corp /CN/, filed a Form 4 to report changes in beneficial ownership.
- The changes are related to the consummation of an arrangement agreement dated January 29, 2025, and amended on March 12, 2025.
- As part of the agreement, shares of Lions Gate Entertainment Corp (LGEC) Class A voting shares and Class B non-voting shares held by Fine were exchanged for New Lionsgate common shares and Starz Entertainment Corp /CN/ common shares.
- The exchange occurred pursuant to the Initial Share Exchange, Second Share Exchange, and Reverse Stock Split as defined in the Form S-4, which was declared effective on March 14, 2025.
- Following the reported transaction, Fine directly owns 6,847 common shares of Starz Entertainment Corp /CN/.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to a corporate transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing reflects corporate restructuring activity, which is common in the entertainment industry as companies seek to optimize their business operations and capital structures.
Stakeholder Impact
- Shareholders of Lions Gate Entertainment Corp experienced a change in their holdings as their shares were exchanged for shares in New Lionsgate and Starz Entertainment Corp /CN/.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the Arrangement Agreement. |
| March 12, 2025 | Date of the amending agreement to the Arrangement Agreement. |
| March 14, 2025 | Date the Form S-4 was declared effective by the SEC. |
| May 6, 2025 | Date of consummation of the transactions contemplated by the Arrangement Agreement. |
| May 7, 2025 | Date of the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Starz Entertainment Corp, Emily Fine, Arrangement Agreement, Share Exchange, Director
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