Lionsgate has extended the contract of longtime chief executive officer Jon Feltheimer three months, now expiring on Aug. 21, 2023, with options to push it into 2024 or 2025. Feltheimer has been CE…
three months, now expiring on Aug. 21, 2023, with options to push it into 2024 or 2025.
His contract was previously set to expire on May 22, 2023. It can now be extended to either Aug. 21, 2024 or Aug. 21, 2025. The company made the disclosure Wednesday in an 8-K filing with the Securities and Exchange Commission. It said the board’s compensation committee approved a new employment agreement on Aug. 21 for Feltheimer, replacing the agreement from 2013, which was amended in 2016.
The board of directors has also approved an award to Feltheimer of share appreciation rights of 2 million of Class B non-voting shares with an exercise price of $8.17 and will vest in one installment on Aug. 21, 2023, subject to Feltheimer’s continued employment.
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