MSG Sports (NYSE: MSGS) hires Paul DiCicco as new CFO with severance

Rhea-AI Filing Summary

Madison Square Garden Sports Corp. is appointing Paul DiCicco as Executive Vice President, Chief Financial Officer and Treasurer effective May 11, 2026 or a later agreed date. He joins under an employment agreement with a base salary of $650,000 and a target annual bonus equal to 100% of salary.

Starting with the fiscal year beginning July 1, 2026, DiCicco is expected to receive annual long-term incentive awards with a target value of at least $650,000, plus standard company benefits. If his employment ends without cause or for good reason before May 10, 2029, he is entitled to at least two times the sum of base salary and target bonus, along with accelerated vesting of certain equity and cash awards, subject to a separation agreement. Current CFO Victoria Mink will transition to Executive Vice President, Finance to assist with the handover.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Base salary: $650,000 per year Target annual bonus: 100% of base salary Long-term incentive target: $650,000 per year +3 more

6 metrics

Base salary $650,000 per year Annual base salary for Paul DiCicco under employment agreement

Target annual bonus 100% of base salary Bonus target for fiscal years starting July 1, 2026

Long-term incentive target $650,000 per year Expected aggregate target value of annual long-term awards

Severance multiple ≥2x salary + target bonus Minimum cash severance on qualifying termination before Scheduled Expiration Date

Commencement Date May 11, 2026 Effective date for DiCicco’s role, or later date as agreed

Scheduled Expiration Date May 10, 2029 Key date for severance and noncompetition provisions

Key Terms

good reason, cause, Annual Vesting Date, restricted stock units, +1 more

5 terms

good reason financial

"terminated (i) by the Company other than for “cause” ... or (ii) by Mr. DiCicco for “good reason”"

cause financial

"terminated (i) by the Company other than for “cause” (as defined in the DiCicco Employment Agreement)"

Annual Vesting Date financial

"scheduled to vest on or before the next Annual Vesting Date (as defined in the DiCicco Employment Agreement)"

restricted stock units financial

"time-based restrictions on each of Mr. DiCicco’s outstanding restricted stock or restricted stock units scheduled to vest"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

noncompetition agreement financial

"contains certain covenants by Mr. DiCicco, including a noncompetition agreement that restricts Mr. DiCicco’s ability"

Understanding 8-K Material Events →

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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): April 28, 2026

MADISON SQUARE GARDEN SPORTS CORP.

(Exact Name of Registrant as Specified in Charter)

Nevada		1-36900		47-3373056
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2 Penn Plaza, New York, New York		10121
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 465-4111

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		MSGS		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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Executive Vice President, Chief Financial Officer and Treasurer

On April 28, 2026, the Board of Directors of Madison Square Garden Sports Corp. (the “Company”) appointed Paul DiCicco as Executive Vice President, Chief Financial Officer and Treasurer effective May 11, 2026 or such later date as may be agreed (the “Commencement Date”).

Mr. DiCicco, 51, has served as Chief Financial Officer for Stephen Gould Corporation (“Stephen Gould”), a global, privately held, family-owned packaging, sourcing, and logistics company, since 2023, and previously served as Stephen Gould’s Corporate Controller from 2022 to 2023. In his roles at Stephen Gould, Mr. DiCicco oversaw the company’s finance, accounting, tax, financial planning & analysis and treasury functions. Prior to that, Mr. DiCicco served as the Senior Vice President, Corporate Controller for Harris Blitzer Sports and Entertainment LLC (“HBSE”), a sports and entertainment company, from 2018-2022, and as HBSE’s Vice President, Controller from 2016-2018. In his roles at HBSE, Mr. DiCicco directed finance & accounting, payroll, and ticket operations for HBSE’s sports and entertainment portfolio, including the Philadelphia 76ers and New Jersey Devils. Earlier in his career, Mr. DiCicco held senior accounting, finance and compliance roles at both public and private companies and served as an Assurance Business Advisory Services Manager at PricewaterhouseCoopers LLP.

Employment Agreement with Paul DiCicco

In connection with Mr. DiCicco’s appointment, Mr. DiCicco and the Company entered into an employment agreement (the “DiCicco Employment Agreement”), dated as of April 28, 2026, which contemplates Mr. DiCicco’s employment commencing effective as of the Commencement Date.

The DiCicco Employment Agreement provides for an annual base salary of not less than $650,000. Commencing with the Company’s fiscal year starting July 1, 2026, Mr. DiCicco will be eligible to participate in the Company’s annual bonus program with an annual target bonus equal to not less than 100% of annual base salary. Commencing with the Company’s fiscal year starting July 1, 2026, Mr. DiCicco will be eligible, subject to his continued employment by the Company, to participate in such long-term incentive programs that are made available in the future to similarly situated executives of the Company. It is expected that Mr. DiCicco will receive one or more annual long-term awards with an aggregate target value of not less than $650,000. Mr. DiCicco will be eligible to participate in the Company’s standard benefits program, subject to meeting the relevant eligibility requirements, payment of required premiums, and the terms of the plans.

If, on or prior to May 10, 2029, or one day prior to the third anniversary of the Commencement Date should the Commencement Date be a later date than May 11, 2026 (the “Scheduled Expiration Date”), Mr. DiCicco’s employment with the Company is terminated (i) by the Company other than for “cause” (as defined in the DiCicco Employment Agreement), or (ii) by Mr. DiCicco for “good reason” (as defined in the DiCicco Employment Agreement) and so long as cause does not then exist, then, subject to Mr. DiCicco’s execution of a separation agreement with the Company, the Company will provide him with the following benefits and rights: (a) a severance payment in an amount determined at the discretion of the Company, but in no event less than two times the sum of Mr. DiCicco’s annual base salary and annual target bonus; (b) any unpaid annual bonus for the fiscal year prior to the fiscal year in which such termination occurred and a prorated annual bonus for the fiscal year in which such termination occurred; (c) each of Mr. DiCicco’s outstanding long-term cash awards (or portion thereof), if any, scheduled to vest on or before the next Annual Vesting Date (as defined in the DiCicco Employment Agreement) will immediately vest in full and will be payable to Mr. DiCicco to the same extent that other similarly situated active executives receive payment; (d) all of the time-based restrictions on each of Mr. DiCicco’s outstanding restricted stock or restricted stock units scheduled to vest on or before the next Annual Vesting Date will immediately be eliminated and will be payable or deliverable to Mr. DiCicco subject to satisfaction of any applicable performance criteria; and (e) each of Mr. DiCicco’s outstanding stock options and stock appreciation awards (or portion thereof), if any, scheduled to vest on or before the next Annual Vesting Date will immediately vest.

If Mr. DiCicco’s employment is terminated due to his death or “disability” (as defined in the Company’s long term disability plan) prior to the Scheduled Expiration Date, and at such time cause does not exist, then, subject to execution of a separation agreement (other than in the case of death), he or his estate or beneficiary will be provided with the benefits and rights set forth in clauses (b), (d) and (e) of the preceding paragraph and each of his outstanding long-term cash awards (or portion thereof), if any, scheduled to vest on or before the next Annual Vesting Date will immediately vest in full, whether or not subject to performance criteria, and will be payable as soon as reasonably practicable after Mr. DiCicco’s execution of a separation agreement; provided, that if any such long-term cash award is subject to any performance criteria, then (i) if the measurement period for such performance criteria has not yet been fully completed, then the payment amount will be at the target amount for such award, and (ii) if the measurement period for such performance criteria has already been fully completed, then the payment amount of such award will be at the same time and to the same extent that other similarly situated executives at the Company receive payment as determined by the Compensation Committee of the Board of Directors of the Company (subject to the satisfaction of the applicable performance criteria).

The DiCicco Employment Agreement contains certain covenants by Mr. DiCicco, including a noncompetition agreement that restricts Mr. DiCicco’s ability to engage in competitive activities until the first anniversary of a termination of his employment with the Company; provided that if he remains employed with the Company through the Scheduled Expiration Date, then this agreement not to compete will expire on that date.

The description above is qualified in its entirety by reference to the DiCicco Employment Agreement, which is attached as Exhibit 10.1 hereto and incorporated into this Item 5.02 by reference.

Transition of Victoria Mink

Victoria Mink, the Company’s current Executive Vice President, Chief Financial Officer and Treasurer, will cease serving in such role effective as of the Commencement Date. Thereafter, she will continue to be employed by the Company as Executive Vice President, Finance pursuant to her existing employment agreement to assist with the transition until such date as may be agreed.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
10.1		Employment Agreement, dated as of April 28, 2026, between Madison Square Garden Sports Corp. and Paul DiCicco.†
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

† This exhibit is a management contract or a compensatory plan or arrangement.

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: May 4, 2026		MADISON SQUARE GARDEN SPORTS CORP.
		By:		/s/ Mark C. Cresitello
				Name:		Mark C. Cresitello
				Title:		Senior Vice President, Deputy General Counsel and Secretary

FAQ

What executive leadership change did MSGS announce in this 8-K filing?

Madison Square Garden Sports Corp. appointed Paul DiCicco as Executive Vice President, Chief Financial Officer and Treasurer. His role becomes effective May 11, 2026 or a later agreed date, succeeding Victoria Mink, who will remain as Executive Vice President, Finance to help with the transition.

What is Paul DiCicco’s compensation package at MSGS?

Paul DiCicco will receive an annual base salary of $650,000 and a target bonus equal to 100% of salary. Beginning with the fiscal year starting July 1, 2026, he is also expected to receive long-term incentive awards with a target value of at least $650,000.

What severance protections does MSGS provide to Paul DiCicco?

If DiCicco is terminated without cause or resigns for good reason before May 10, 2029, he receives at least two times his base salary plus target bonus. He may also receive unpaid and prorated bonuses and accelerated vesting of certain long-term cash and equity awards, subject to a separation agreement.

How are Paul DiCicco’s equity and long-term cash awards treated upon qualifying termination at MSGS?

Certain long-term cash awards, restricted stock, restricted stock units, and stock options scheduled to vest by the next Annual Vesting Date will vest immediately. Time-based restrictions are removed and amounts are payable or deliverable in line with similarly situated executives, subject to applicable performance criteria and a separation agreement.

What happens to Paul DiCicco’s awards if his employment ends due to death or disability at MSGS?

On death or disability before the Scheduled Expiration Date, specific cash and equity awards vest on an accelerated basis. Long-term cash awards scheduled to vest by the next Annual Vesting Date vest in full, with performance-based awards paid at target or as later determined for similarly situated executives, subject to a separation agreement where applicable.

Does MSGS impose a noncompetition agreement on Paul DiCicco?

Yes. DiCicco is subject to a noncompetition agreement lasting until the first anniversary of his employment termination. If he remains employed through the Scheduled Expiration Date of May 10, 2029 (or the adjusted date), the agreement not to compete expires on that date rather than extending beyond it.

What is Victoria Mink’s role at MSGS after the CFO transition?

Victoria Mink will step down as Executive Vice President, Chief Financial Officer and Treasurer as of DiCicco’s commencement. She will continue with the company as Executive Vice President, Finance under her existing employment agreement to assist with the transition for a period to be agreed.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 62.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB