Paramount Skydance (NASDAQ: PSKY) appoints Dennis Cinelli to Board and Audit

Rhea-AI Filing Summary

Paramount Skydance Corporation reported that its Board of Directors appointed Dennis Cinelli as a director on September 12, 2025, and named him to the Board’s Audit Committee effective immediately. As of the same date, Sherry Lansing was no longer a member of the Audit Committee. The company states there are no transactions, or currently proposed transactions, exceeding $120,000 in which the company and Mr. Cinelli will have a direct or indirect material interest. Mr. Cinelli was designated as a director nominee of Ellison under the company’s Amended and Restated Certificate of Incorporation and is eligible to participate in the company’s Non-Employee Director Compensation Program, including a Pro-Rated Annual Award of 17,989 restricted stock units upon his appointment, and potential future Annual Awards if he continues to serve on the Board.

0002041610falseParamount Skydance Corporation00020416102025-09-122025-09-120002041610us-gaap:CommonClassBMember2025-09-122025-09-12

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): September 12, 2025

Paramount Skydance Corporation

(Exact name of registrant as specified in its charter)

Delaware			001-42791			99-3917985
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification Number)

1515 Broadway
New York,			New York						10036
(Address of principal executive offices)									(Zip Code)

Registrant’s telephone number, including area code: (212) 258-6000

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:

☐			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 B Common Stock, $0.001 par value

PSKY

The Nasdaq Stock Market LLC

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.

On September 12, 2025, the Board of Directors of Paramount Skydance Corporation (the “Company”) appointed Dennis Cinelli to serve as a member of the Company’s Board of Directors (the “Board”). Mr. Cinelli was also appointed to the Audit Committee of the Board, effective immediately. As of September 12, 2025, Sherry Lansing was no longer a member of the Audit Committee of the Board.

There are no transactions, or any currently proposed transactions, exceeding $120,000 in which the Company and Mr. Cinelli will have a direct or indirect material interest.

Mr. Cinelli was designated as a director nominee of Ellison (as defined in the Amended and Restated Certificate of Incorporation of Paramount Skydance Corporation). Mr. Cinelli is eligible to participate in the Company’s previously disclosed Non-Employee Director Compensation Program (the “Director Program”), including receipt of a Pro-Rated Annual Award (as defined in the Director Program) of 17,989 restricted stock units upon his appointment to the Board. Under the Director Program, Mr. Cinelli is also eligible to receive an Annual Award (as defined in the Director Program) at any future annual meeting of the Company’s stockholders if, following such annual meeting, he will continue to serve on the Board. Mr. Cinelli has also entered into the Company’s standard indemnification agreement for directors and officers.

SIGNATURE

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

PARAMOUNT SKYDANCE CORPORATION
By:			/s/ Stephanie Kyoko McKinnon
			Name:			Stephanie Kyoko McKinnon
			Title:			General Counsel, Acting Chief Legal Officer and Secretary

Date: September 16, 2025

FAQ

What Board change did Paramount Skydance (PSKY) report in this 8-K?

Paramount Skydance reported that Dennis Cinelli was appointed to its Board of Directors on September 12, 2025, and joined the Board’s Audit Committee effective immediately.

What happened to Sherry Lansing’s role at Paramount Skydance (PSKY)?

As of September 12, 2025, Sherry Lansing was no longer a member of Paramount Skydance’s Audit Committee of the Board.

Does Dennis Cinelli have any material related-party transactions with Paramount Skydance (PSKY)?

The company states there are no transactions, or currently proposed transactions, exceeding $120,000 in which Paramount Skydance and Dennis Cinelli will have a direct or indirect material interest.

How was Dennis Cinelli designated as a director at Paramount Skydance (PSKY)?

Dennis Cinelli was designated as a director nominee of Ellison, as defined in Paramount Skydance’s Amended and Restated Certificate of Incorporation.

What equity compensation will Dennis Cinelli receive as a Paramount Skydance (PSKY) director?

Under the Non-Employee Director Compensation Program, Dennis Cinelli will receive a Pro-Rated Annual Award of 17,989 restricted stock units upon his appointment to the Board.

Is Dennis Cinelli eligible for future equity awards from Paramount Skydance (PSKY)?

Yes. Under the Director Program, he is eligible to receive an Annual Award of equity at any future annual meeting of stockholders if he continues to serve on the Board following that meeting.

Did Dennis Cinelli enter into any agreements with Paramount Skydance (PSKY)?

Yes. He entered into the company’s standard indemnification agreement for directors and officers.