Form 4: Jon Feltheimer Reports Changes in Beneficial Ownership Following Lionsgate and Starz Transaction
SEC Form 4 Filing
Jon Feltheimer, Chief Executive Officer of Starz Entertainment Corp, reports changes in beneficial ownership due to the consummation of transactions related to the arrangement agreement between Starz and Lionsgate Studios Corp.
Summary
- Jon Feltheimer, CEO of Starz Entertainment Corp, filed a Form 4 on May 8, 2025, reporting changes in beneficial ownership.
- The changes are a result of the consummation of transactions contemplated by the Arrangement Agreement dated January 29, 2025, as amended on March 12, 2025, between Starz, Lionsgate Studios Corp., LG Sirius Holdings ULC, and Lionsgate Studios Holding Corp.
- As part of the agreement, each share of Starz's Class A and Class B common shares held by Feltheimer were exchanged for New Lionsgate common shares and Starz common shares.
- The exchange was conducted pursuant to the Initial Share Exchange, Second Share Exchange, and Reverse Stock Split as defined in the Form S-4.
- Equity awards held by employees, service providers, and directors of Starz will be converted into awards of New Lionsgate or Starz under their respective 2025 plans, preserving the aggregate fair market value of the awards.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing related to a corporate transaction. The sentiment is neutral as it primarily reports factual changes in ownership.
Future Outlook
The document outlines the completion of a transaction and the subsequent adjustments to equity awards, but does not provide a specific future outlook for the companies involved.
Industry Context
This announcement reflects a corporate restructuring event within the media and entertainment industry, specifically involving the separation and reorganization of Lionsgate and Starz. Such transactions are often driven by strategic considerations to unlock value, streamline operations, or better position individual business segments for growth or sale.
Key Dates
| Date | Description |
|---|---|
| 2025/01/29 | Date of the Arrangement Agreement between Starz, Lionsgate Studios Corp., LG Sirius Holdings ULC, and Lionsgate Studios Holding Corp. |
| 2025/03/12 | Date of the amending agreement to the Arrangement Agreement. |
| 2025/05/06 | Date of the transaction where shares were exchanged. |
| 2025/05/08 | Date the Form 4 was filed. |
Keywords
Form 4, Beneficial Ownership, Starz Entertainment Corp, Lionsgate Studios Corp, Jon Feltheimer, Arrangement Agreement, Share Exchange, Equity Awards
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