STARZ Entertainment Corp. has entered into a new employment agreement with President & CEO Jeffrey Hirsch, effective May 7, 2025, through December 31, 2028, following the company's separation from Lionsgate Studios Corp. Under the new terms, Hirsch will receive a base salary of $1,550,000 and an annual discretionary bonus with a target opportunity of 300% of his base salary, subject to performance criteria set by the board's Compensation & Talent Committee. In the event of termination without cause or for good reason, Hirsch is entitled to severance equal to 0.75 times his base salary and target bonus, a pro-rated annual bonus, accelerated vesting of certain equity awards, and continued payment of employee premiums for 18 months. If terminated within 12 months of a change in control, his severance increases to 1.25 times base salary and target bonus with full accelerated vesting of all outstanding equity awards. If the agreement is not renewed by the end of 2028, Hirsch will receive twelve months' base salary, a pro-rated bonus, and accelerated vesting of awards scheduled to vest within twelve months.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. STARZ Entertainment Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000929351-25-000145), on November 17, 2025, and is solely responsible for the information contained therein.
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