Form 4: Starz Entertainment Corp Director Michael Burns Reports Beneficial Ownership Changes Following Arrangement Agreement

Director Michael Burns reports changes in beneficial ownership of Starz Entertainment Corp shares following the consummation of an arrangement agreement.

Summary

• On May 6, 2025, Michael Burns, a director of Starz Entertainment Corp, reported changes in his beneficial ownership of the company's shares.
• This change occurred in connection with the consummation of transactions outlined in the Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
• Each of LGEC's Class A voting shares and Class B non-voting shares held by Burns were exchanged for New Lionsgate's new common shares and Issuer's common shares pursuant to share exchanges and a reverse stock split.
• Following the transaction, Burns beneficially owns 171,935 common shares of Starz Entertainment Corp.
• The transaction was reported on May 8, 2025.

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 a corporate restructuring event, which is common in the entertainment industry as companies seek to optimize their capital structure and strategic positioning.

Stakeholder Impact

• Shareholders are impacted by the corporate restructuring, as their shares in LGEC were exchanged for shares in New Lionsgate and Starz Entertainment Corp.

Key Dates

Keywords

Beneficial Ownership, Form 4, Starz Entertainment Corp, Michael Burns, Arrangement Agreement, Share Exchange, Director