Starz Entertainment Corp. Signs New Employment Agreement with Alison Hoffman

What Happened Starz Entertainment Corp. (via subsidiary Starz Entertainment, LLC) announced a new employment agreement with Alison Hoffman, President, Starz Networks. The agreement was executed on September 11, 2026, is effective as of August 6, 2026, and runs through December 31, 2029, unless earlier terminated. Hoffman will continue to report to the Company’s CEO.

Key Details

• Base salary: $1,485,000 per year.
• Annual bonus: target opportunity equal to 150% of base salary, subject to performance criteria set by the Compensation & Talent Committee. Prorated bonus payable if a qualifying termination occurs during the year.
• Equity: the Company will request annual equity awards on April 1, 2027, 2028 and 2029 with target grant-date value equal to 100% of then-current base salary; awards may include time-based RSUs, performance-based RSUs, options, etc.; time-based awards generally vest ratably over 3 years; performance awards become eligible to vest ratably over 3 years based on goals.
• Severance and benefits on qualifying termination: cash severance equal to the greater of (a) base salary for the remainder of the term or (b) 18 months of base salary, plus up to 18 months of COBRA premiums (subject to release and post‑employment obligations). If termination occurs within 30 days before to 12 months after a change in control, an additional lump-sum equal to 70% of the applicable severance is payable. If a change in control occurs and Hoffman is terminated on or within 6 months after it, certain unvested equity scheduled to vest within 12 months will accelerate (performance awards based on actual results).
• If the term expires and Hoffman continues working without a new agreement (at-will period), a later qualifying termination would entitle her to 12 months of base salary (subject to release).

Why It Matters This filing discloses the company’s retention and compensation terms for a senior executive, including substantial cash and equity targets and change‑in‑control protections that could create near‑term compensation costs or equity dilution if awards are granted and/or accelerated. Investors should note the materiality of the cash severance formulas and enhanced payments tied to a change in control, as well as the performance‑based equity structure intended to align Hoffman’s pay with company goals. The agreement replaces her prior 2023 contract and clarifies post‑employment restrictions (confidentiality and 12‑month non‑solicit).