Form 4: Susan McCaw Reports Changes in Beneficial Ownership of Starz Entertainment Corp. Shares Following Arrangement Agreement
SEC Form 4 Filing
Director Susan McCaw reports the exchange of Starz Entertainment Corp. shares for New Lionsgate and Starz shares following the consummation of an arrangement agreement.
Summary
- On May 6, 2025, Susan McCaw, a director of Starz Entertainment Corp., reported changes in her beneficial ownership of the company's shares.
- This change occurred due to the consummation of an arrangement agreement dated January 29, 2025, and amended on March 12, 2025.
- As a result of the agreement, McCaw's Class A and Class B common shares were exchanged for new common shares of New Lionsgate and Starz.
- The exchange was conducted pursuant to the Initial Share Exchange, Second Share Exchange, and Reverse Stock Split as defined in the Form S-4 registration statement.
- Equity awards held by employees, service providers, and directors of Starz will be converted into awards of New Lionsgate or Starz under their respective 2025 plans, preserving the aggregate fair market value of the awards.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing a corporate transaction. The sentiment is neutral as it simply reports changes in ownership following a pre-arranged agreement.
Future Outlook
The document outlines the completion of a transaction that results in changes to the shareholding structure and equity awards of Starz Entertainment Corp.
Industry Context
This announcement reflects corporate restructuring activity, specifically a share exchange and the subsequent adjustments to equity awards, which is a common occurrence during mergers, acquisitions, or spin-offs in the entertainment industry.
Stakeholder Impact
- Shareholders are impacted by the share exchange and the creation of New Lionsgate and Starz shares.
- Employees and service providers are affected by the conversion of equity awards into awards of New Lionsgate or Starz.
- Directors who serve on both New Lionsgate and Starz boards will have their equity awards partially converted into awards of both entities.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the Arrangement Agreement. |
| March 12, 2025 | Date of the amending agreement to the Arrangement Agreement. |
| May 6, 2025 | Date of the transaction and share exchange. |
| May 8, 2025 | Date of the report filing. |
Keywords
beneficial ownership, Starz Entertainment Corp, New Lionsgate, share exchange, Form 4, director, Susan McCaw, equity awards, arrangement agreement
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