1 month ago
Jon Feltheimer, who has tally Lionsgate for much than a quarter-century, has had his statement arsenic CEO extended done July 2031.
The two-year extension, disclosed Wednesday successful an SEC filing, follows a erstwhile hold successful 2024. The move ensures yet much continuity successful nan executive suite of nan media company, which is conducting business successful an manufacture roiled by change, M&A and executive turnover.
Feltheimer will beryllium paid an yearly guidelines net of $1.5 million, pinch a target prize of $7.5 million, up to arsenic overmuch arsenic 200% of nan target amount. He is besides being granted nan action to acquisition up to an aggregate of 4.5 cardinal of nan company’s communal shares astatine an workout value of $11.07 per share. Lionsgate banal slipped 4% Wednesday to adjacent astatine $10.66, though it has risen almost 17% successful 2026 to date.
Lionsgate, which Feltheimer joined successful 2000, past twelvemonth divided from Starz and has go a much streamlined accumulation outfit. As a movie distributor, it besides remains a unit pinch franchises for illustration John Wick and Hunger Games. With his tag-team partner Michael Burns, vice chair of nan company, Feltheimer has steered Lionsgate done a bid of M&A deals, adding thousands of titles to its library, boosting its capabilities and expanding its worth into nan billions from acold humbler beginnings.
Prior to Lionsgate, Feltheimer spent 9 years astatine Sony Pictures Entertainment arsenic caput of Columbia TriStar Television Group, shepherding a number of deed bid and starring nan motorboat of astir 30 branded channels astir nan world. He besides helped technologist Sony’s 1997 acquisition of Spanish-language broadcaster Telemundo Group on pinch partners Liberty Media and Apollo Management.
