Penn Station MOU keeps MSG Entertainment (NYSE: MSGE) arena fully operational

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Madison Square Garden Entertainment Corp. outlined its role in the proposed redevelopment of New York Penn Station. Through a wholly owned subsidiary, the company entered into a non-binding memorandum of understanding with Penn Transformation Partners, the Amtrak-selected master developer.

The understanding acknowledges that Madison Square Garden Arena must remain fully operational at all times and contemplates transferring the Infosys Theater at MSG to the master developer. Both the theater transfer and broader Penn Station redevelopment remain subject to further negotiation, definitive documentation and execution of related developer agreements, and may not occur on the terms described, or at all.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

MOU date: June 8, 2026

1 metrics

MOU date June 8, 2026 Date of non-binding memorandum of understanding

Key Terms

non-binding memorandum of understanding, Master Developer, Developer Agreements, forward-looking statements, +1 more

5 terms

non-binding memorandum of understanding regulatory

"it had entered into a non-binding memorandum of understanding with the Master Developer"

A non-binding memorandum of understanding is a written outline of the main terms and intentions between parties that signals they are negotiating a potential deal but does not create enforceable legal obligations. Think of it as a detailed handshake that helps investors read a company's likely direction and near-term plans, while reminding them the final agreement, price or timeline can still change.

Master Developer financial

"Penn Transformation Partners, a consortium led by Halmar International and Skanska (collectively, the “Master Developer”)"

Developer Agreements regulatory

"subject to the execution of various binding agreements (the “Developer Agreements”)"

forward-looking statements regulatory

"may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Understanding 8-K Material Events →

06/08/2026 - 04:55 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 8, 2026

MADISON SQUARE GARDEN ENTERTAINMENT CORP.

(Exact Name of Registrant as Specified in Charter)

Nevada

001-41627

92-0318813

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)


Two Pennsylvania Plaza, New York, New York				10121
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (212) 465-6000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading
Symbol(s)

Name of Each Exchange

on Which Registered

Class A Common Stock

MSGE

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01

Regulation FD Disclosure.

The National Railroad Passenger Corporation (“Amtrak”) previously selected Penn Transformation Partners, a consortium led by Halmar International and Skanska (collectively, the “Master Developer”) to redevelop New York Penn Station subject to the execution of various binding agreements (the “Developer Agreements”). On June 8, 2026, in connection with the proposed redevelopment of Penn Station, Madison Square Garden Entertainment Corp. (the “Company”) announced that, through a wholly-owned subsidiary, it had entered into a non-binding memorandum of understanding with the Master Developer (i) acknowledging that The Madison Square Garden Arena must remain fully operational at all times as required by the Company and (ii) contemplating the transfer of the Infosys Theater at MSG to the Master Developer, subject to further negotiation and execution of definitive documentation between the Company and the Master Developer and the execution of the Developer Agreements. There can be no assurances that the redevelopment of Penn Station or the transactions involving the Company, Amtrak and the Master Developer described above (including the transfer of the Infosys Theater at MSG) will be completed on the terms described above, or at all.

Forward-Looking Statements

This Current Report on Form 8-K may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates and the factors described in the Company’s filings with the Securities and Exchange Commission, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. The Company disclaims any obligation to update any forward-looking statements contained herein, except as may be required by law or applicable regulations.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: June 8, 2026	MADISON SQUARE GARDEN ENTERTAINMENT CORP.
	(Registrant)

	By:	/s/ Mark C. Cresitello
	Name:	Mark C. Cresitello
	Title:	Senior Vice President, Deputy General Counsel and Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What did Madison Square Garden Entertainment Corp. (MSGE) announce in this 8-K?

Madison Square Garden Entertainment Corp. announced a non-binding memorandum of understanding with Penn Transformation Partners regarding the proposed redevelopment of New York Penn Station, defining how its arena and the Infosys Theater at MSG may be treated in the project.

How does the Penn Station plan affect Madison Square Garden Arena for MSGE?

The memorandum of understanding states that Madison Square Garden Arena must remain fully operational at all times. This condition is expressly required by the company as part of discussions tied to the proposed Penn Station redevelopment project with the selected master developer.

What is the Infosys Theater at MSG and what might happen to it under MSGE’s MOU?

The Infosys Theater at MSG is a theater within the Madison Square Garden complex. The memorandum of understanding contemplates its potential transfer to the master developer, subject to further negotiation, definitive agreements and completion of broader Penn Station redevelopment arrangements.

Is MSGE’s agreement for the Penn Station redevelopment legally binding?

The memorandum of understanding between MSGE’s subsidiary and the master developer is explicitly described as non-binding. Any redevelopment transactions, including a possible Infosys Theater transfer, require further negotiation and execution of definitive documentation and related developer agreements before becoming effective.

Are there any assurances that the Penn Station redevelopment involving MSGE will be completed?

The company states there can be no assurances that the Penn Station redevelopment or related transactions, including the contemplated Infosys Theater transfer, will be completed on the described terms, or at all. The outcome depends on future negotiations and execution of definitive agreements.

Who is the master developer working with MSGE on the Penn Station concept?

The master developer is Penn Transformation Partners, a consortium led by Halmar International and Skanska. Amtrak previously selected this consortium to redevelop New York Penn Station, subject to execution of various binding developer agreements connected to the overall project.

Filing Exhibits & Attachments

3 documents