Form 4: Emily Fine Reports Changes in Beneficial Ownership of Starz Entertainment Corp. Shares Following Arrangement Agreement
SEC Form 4 Filing
Director Emily Fine reports the exchange of Starz Entertainment Corp. Class A and Class B shares for New Lionsgate and Starz common shares following the consummation of an arrangement agreement.
Summary
- Emily Fine, a director of Starz Entertainment Corp., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- The filing is triggered by transactions related to the consummation of an Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
- As a result of the agreement, Fine's Class A Voting Shares and Class B Non-Voting Shares were exchanged for New Lionsgate common shares and Starz common shares.
- The transactions occurred on May 7, 2025.
- The director also received annual compensation awards in the form of restricted share units (RSUs) that will vest in the future.
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.
Future Outlook
The director holds restricted share units that will vest into Class A and Class B shares in the future.
Industry Context
This filing reflects corporate restructuring activity within the media and entertainment industry, specifically related to the separation and reorganization of Lionsgate and Starz.
Stakeholder Impact
- Shareholders are impacted by the corporate restructuring and the resulting exchange of shares.
- The transaction affects the ownership structure of both Starz and New Lionsgate.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the Arrangement Agreement between Starz Entertainment Corp., Lionsgate Studios Corp., LG Sirius Holdings ULC, and Lionsgate Studios Holding Corp. |
| 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 | Consummation of the transactions contemplated by the Arrangement Agreement. |
| May 7, 2025 | Date of the reported transactions (share exchange) and filing date of the Form 4. |
| September 13, 2025 | Date when some restricted share units are scheduled to vest. |
| November 29, 2025 | Date when some restricted share units are scheduled to vest. |
Keywords
Form 4, Beneficial Ownership, Starz Entertainment Corp, Emily Fine, Arrangement Agreement, Share Exchange, Director Compensation, Restricted Share Units, New Lionsgate, Voting Shares, Non-Voting Shares
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