Form 4: Starz Entertainment Corp: Executive Jeffrey Hirsch Reports Share Exchange Following Arrangement Agreement
SEC Form 4 Filing
Jeffrey Hirsch, President and CEO of Starz Entertainment Corp, reports the exchange of shares related to the arrangement agreement finalized on May 6, 2025.
Summary
- On May 6, 2025, Jeffrey Hirsch, President and CEO of Starz Entertainment Corp, reported a change in beneficial ownership of securities.
- This change is due to the consummation of transactions outlined in the Arrangement Agreement dated January 29, 2025, and amended on March 12, 2025.
- The agreement involves Lions Gate Entertainment Corp (LGEC), Lionsgate Studios Corp (New Lionsgate), LG Sirius Holdings ULC, and Lionsgate Studios Holding Corp.
- Hirsch's LGEC Class A voting shares and Class B non-voting shares were exchanged for New Lionsgate new common shares and Issuer's common shares.
- The share exchange occurred pursuant to the Initial Share Exchange, Second Share Exchange, and Reverse Stock Split as defined in the Form S-4 Registration Statement.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing related to a corporate transaction. The sentiment is neutral as it simply reports facts.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This announcement reflects corporate restructuring activity within the media and entertainment industry, specifically the separation and reorganization of Lions Gate Entertainment and Starz.
Stakeholder Impact
- Shareholders are impacted by the share exchange and corporate restructuring.
- The transaction affects the ownership structure of both Lions Gate Entertainment and Starz Entertainment Corp.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the original Arrangement Agreement. |
| March 12, 2025 | Date of the amending agreement to the Arrangement Agreement. |
| May 6, 2025 | Date of the share exchange transaction and reporting. |
| May 8, 2025 | Date of signature of the Form 4 filing. |
Keywords
share exchange, Starz Entertainment Corp, Jeffrey Hirsch, beneficial ownership, Arrangement Agreement, Lions Gate Entertainment, Lionsgate Studios, Form 4, SEC
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