Form 4: Starz Entertainment Corp: Director Emily Fine Reports Changes in Beneficial Ownership
SEC Form 4
Director Emily Fine reports changes in beneficial ownership of Starz Entertainment Corp shares following transactions related to the Lionsgate 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 changes are related to the consummation of transactions contemplated by the Arrangement Agreement dated January 29, 2025, as amended on March 12, 2025.
- As a result of the agreement, Fine's Lions Gate Entertainment Corp Class A and Class B shares were exchanged for New Lionsgate common shares and Starz Entertainment Corp common shares.
- Fine acquired 118 common shares and 1,358 common shares on May 12, 2025.
- She directly owns 6,847 common shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard regulatory filing reporting changes in beneficial ownership due to a corporate transaction.
Industry Context
This filing reflects the completion of a corporate restructuring involving Lionsgate and Starz, which is a common occurrence in the media and entertainment industry as companies seek to streamline operations and unlock value.
Stakeholder Impact
- Shareholders are impacted by the corporate restructuring, as their shares in Lions Gate Entertainment Corp were exchanged for shares in New Lionsgate and Starz Entertainment Corp.
Key Dates
| Date | Description |
|---|---|
| 2025-01-29 | Date of the Arrangement Agreement between Lions Gate Entertainment Corp and Lionsgate Studios Corp. |
| 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. |
| 2025-05-12 | Date of the transactions reported in the Form 4. |
| 2025-05-13 | Date of signature on the Form 4 filing. |
| 2025-09-13 | Scheduled vesting date for restricted share units. |
| 2025-11-29 | Scheduled vesting date for annual director compensation awards. |
Keywords
beneficial ownership, Form 4, Starz Entertainment Corp, Emily Fine, Lionsgate, shares, director, transaction
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