Form 4: Starz Entertainment Corp: Director Simmons Reports Share Exchange Following Arrangement Agreement

Director Hardwick Simmons reports a share exchange related to the arrangement agreement between Starz Entertainment Corp and Lionsgate Studios Corp.

Summary

• Hardwick Simmons, a director of Starz Entertainment Corp, filed a Form 4 detailing changes in beneficial ownership.
• On May 6, 2025, Simmons exchanged shares of Lions Gate Entertainment Corp (LGEC) for new common shares of New Lionsgate and common shares of Starz Entertainment Corp.
• This exchange was part of the transactions outlined in the Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
• The exchange involved LGEC's Class A voting shares and Class B non-voting shares.
• Following the transaction, Simmons beneficially owns 11,506 common shares of Starz Entertainment Corp.
• The transaction was executed at a price of $0.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to a pre-existing agreement, so the sentiment is neutral.

Industry Context

This announcement reflects corporate restructuring activity within the media and entertainment industry, specifically the separation and reorganization of Lionsgate and Starz.

Stakeholder Impact

• The share exchange impacts shareholders of both Lionsgate and Starz as part of the corporate restructuring.

Key Dates

Keywords

Form 4, Share Exchange, Beneficial Ownership, Starz Entertainment Corp, Hardwick Simmons, Arrangement Agreement, Lionsgate Studios Corp