Form 4: Lionsgate Studios Corp. CFO Reports Share Exchange Following Arrangement Agreement
SEC Form 4 Filing
James W. Barge, CFO of Lionsgate Studios Corp., reports the exchange of Lions Gate Entertainment Corp. shares for Lionsgate Studios Corp. and Starz Entertainment Corp. shares following the consummation of an arrangement agreement.
Summary
- James W. Barge, the Chief Financial Officer of Lionsgate Studios Corp., filed a Form 4 on May 8, 2025, reporting changes in beneficial ownership.
- The report details a transaction on May 6, 2025, where Mr. Barge exchanged Lions Gate Entertainment Corp. (LGEC) shares for Lionsgate Studios Corp. and Starz Entertainment Corp. shares.
- This exchange was part of the consummation of an arrangement agreement dated January 29, 2025, and amended on March 12, 2025.
- The exchange involved 1,033,389 common shares, no par value, at a price of $0.
- Following the transaction, Mr. Barge directly owns 1,033,389 common shares of Lionsgate Studios Corp.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to a pre-planned corporate action. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This announcement reflects corporate restructuring activity within the media and entertainment industry, specifically the separation of Lionsgate and Starz.
Stakeholder Impact
- Shareholders of Lions Gate Entertainment Corp. were impacted by the exchange of shares for Lionsgate Studios Corp. and Starz Entertainment Corp. shares.
Key Dates
| Date | Description |
|---|---|
| January 29, 2025 | Date of the Arrangement Agreement by and among the Issuer, LGEC, LG Sirius Holdings ULC and Lionsgate Studios Holding Corp. |
| March 12, 2025 | Date of the amending agreement to the Arrangement Agreement. |
| May 06, 2025 | Date of the share exchange transaction. |
| May 08, 2025 | Date of Form 4 filing. |
Keywords
Lionsgate Studios Corp., James W. Barge, Form 4, Share Exchange, Beneficial Ownership, Arrangement Agreement, LION, CFO, Starz Entertainment Corp., Lions Gate Entertainment Corp.
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