STARZ ENTERTAINMENT CORP /CN/ 8-K

What Happened

• Starz Entertainment Corp. filed an 8-K on April 15, 2026, announcing that Audrey Lee, Executive Vice President and General Counsel, will retire effective May 1, 2026. Ms. Lee has agreed to be available for transition consultations through May 31, 2026.
• Ms. Lee executed a Separation Letter providing cash and benefit arrangements and accelerated vesting of outstanding equity awards. The Separation Letter also confirms her separation meets the severance conditions in her June 1, 2022 Starz Severance Agreement and that she will not be eligible for the Company’s 2026 equity grant cycle. The Separation Letter is filed as Exhibit 10.1.

Key Details

• Retirement date: May 1, 2026; transition consulting through May 31, 2026.
• Cash payments: lump-sum equal to 18 months of base salary ($1,226,077.36) plus an additional lump-sum equal to 70% of that amount ($858,254.15) — total cash described: $2,084,331.51.
• Benefits: COBRA premiums paid through the earlier of 18 months post-retirement or the COBRA coverage period; accelerated vesting of outstanding equity awards.
• Contract note: Separation acknowledges satisfaction of Section 1(a) of her existing severance agreement; she is excluded from the 2026 equity grant cycle.

Why It Matters

• The company will incur a one-time cash cost of about $2.08 million plus any expense or share impact from accelerated vesting of equity awards — items that could affect near-term compensation expense or share-based compensation accounting.
• A change in the company’s top legal officer is a material leadership transition for governance and legal affairs; investors should watch for announcement of a successor and any related corporate disclosures. The Separation Letter is available as an exhibit to the 8-K for full terms.