Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Lionsgate Studios (LION) has shared an announcement.
Lions Gate Entertainment Corp. has entered into a new five-year employment agreement with CEO Jon Feltheimer, effective until July 31, 2029. Feltheimer’s compensation includes a $1.5 million base salary, potential annual bonuses with a target of $7.5 million, and equity-based awards worth $10 million each year, contingent on performance and continued employment. Additionally, Feltheimer has access to executive benefits, insurance coverage, and limited use of the company’s private aircraft. In case of termination without cause or for good reason, he is entitled to significant severance benefits, including full vesting of equity awards and a cash severance payment that could reach $6 million if it follows a change in control of the company.
Find detailed analytics on LION stock on TipRanks’ Stock Analysis page.