Form 4: Mark Rachesky Reports Changes in Beneficial Ownership of Starz Entertainment Corp. Following Lionsgate Transaction
SEC Form 4 Filing
Mark Rachesky, a director and 10% owner of Starz Entertainment Corp., reports changes in beneficial ownership following the consummation of the Lionsgate transaction.
Summary
- Mark Rachesky, a director and 10% owner of Starz Entertainment Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's common shares.
- The changes are a result of the consummation of transactions related to the Arrangement Agreement dated January 29, 2025, as amended, involving Lions Gate Entertainment Corp. (LGEC), Lionsgate Studios Corp. (New Lionsgate), and other entities.
- Shares of LGEC Class A and Class B held by Rachesky were exchanged for New Lionsgate common shares and Starz Entertainment Corp. common shares.
- Rachesky's reported direct holdings include 14,611 common shares.
- Rachesky's indirect holdings are through various MHR Capital Partners entities, including Master Account LP (159,013 shares), Capital Partners (100) LP (20,692 shares), Institutional Partners II LP (97,963 shares), Institutional Partners IIA LP (246,799 shares), Institutional Partners III LP (1,678,258 shares), and Institutional Partners IV LP (307,173 shares).
- Rachesky disclaims beneficial ownership of shares held by these entities except to the extent of his pecuniary interest.
- The reported ownership does not include shares subject to a Voting and Standstill Agreement with Liberty Global Ventures Limited, Warner Bros. Discovery, Inc., and other parties, in which Rachesky has no pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in ownership, so the sentiment is neutral.
Industry Context
This filing reflects the completion of a corporate transaction (the Lionsgate separation) and its impact on the ownership structure of Starz Entertainment Corp.
Stakeholder Impact
- The changes in beneficial ownership may be of interest to shareholders of Starz Entertainment Corp.
Key Dates
| Date | Description |
|---|---|
| 2025-01-29 | Date of the Arrangement Agreement between Lions Gate Entertainment Corp. and other entities. |
| 2025-03-12 | Date of the amending agreement to the Arrangement Agreement. |
| 2025-03-14 | Form S-4 declared effective by the U.S. Securities and Exchange Commission. |
| 2025-05-06 | Consummation of the transactions contemplated by the Arrangement Agreement. |
| 2025-05-07 | Date of the reported transactions and filing of Form 4. |
Keywords
beneficial ownership, Starz Entertainment Corp, Mark Rachesky, Lionsgate, Form 4, MHR Capital Partners, share exchange, director, 10% owner
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