Starz Entertainment Corp: CFO Scott Macdonald employment agreement

What happened Starz Entertainment, LLC entered into an employment agreement with Scott Macdonald on Oct 20, 2026, effective Oct 1, 2026. Mr. Macdonald has served as chief financial officer of the company since Jul 2012. The term of the agreement continues through Sep 30, 2028, with a one-year extension to Sep 30, 2029 if the company notifies him.

Key details

• Annual base salary of $1,060,000 and an annual bonus target equal to 125% of base salary, subject to performance criteria set by the compensation committee. A prorated bonus is payable if there is a qualifying termination during the term or if employment does not continue beyond the term.
• Target annual equity award grant date value equal to 70% of base salary; awards may include time-based restricted share units, performance-based restricted share units, stock options or other equity awards. Time-based awards vest ratably over three years; performance-based awards become eligible to vest ratably over three years based on performance goals.
• If employment is terminated in a qualifying termination during the term, and he signs a customary release and complies with post-employment obligations, he is entitled to cash severance equal to 18 months of base salary and payment of COBRA premiums for up to 18 months.
• If a change in control occurs during the term and he has a qualifying termination on or within six months after the change in control, then outstanding, unvested portions of annual equity awards scheduled to vest in the 12 months following termination will accelerate and vest (performance awards based on actual performance). The agreement includes confidentiality and a 12-month non-solicitation covenant.

Why it may matter This filing reports Item 5.02 (departure of directors or certain officers) and covers an employment agreement for the company’s chief financial officer that specifies compensation, equity award targets and vesting, severance, and restrictive covenants. This filing does not show why the insider traded or why the company acted.