Starz Entertainment Corporation SEC Filings

Starz Entertainment Corp. approved a new employment agreement for President & CEO Jeffrey Hirsch following its separation from Lionsgate Studios Corp. The agreement runs from May 7, 2025 through December 31, 2028 and keeps him in his current roles. Mr. Hirsch will receive a base salary of $1,550,000 and an annual discretionary bonus targeted at 300% of base salary, subject to performance goals set by the Board’s Compensation & Talent Committee.

He is also eligible each year for long-term incentives, including time-based RSUs valued at $2,500,000 and three performance and stock price-based awards with potential values of $3,250,000, $3,250,000, and $6,000,000. The agreement details severance protections if he is terminated without cause, resigns for good reason, or leaves after a change in control, including cash severance and accelerated vesting of certain equity awards. It also includes confidentiality and non-solicitation covenants.

Starz Entertainment Corp. (STRZ) reported quarterly results for the period ended September 30, 2025. Revenue was $320.9 million versus $346.9 million a year ago, as OTT revenue was $222.8 million and linear and other revenue was $98.1 million. Operating loss widened to $34.8 million from $17.0 million, and net loss was $52.6 million versus $30.6 million. Basic and diluted net loss per share was $3.15, with 16.7 million average shares outstanding.

Programming amortization decreased to $156.8 million from $182.1 million, reflecting a smaller content expense base after the strategic content review. Cash and cash equivalents were $37.0 million. Total debt, net was $612.5 million, including a $300.0 million Term Loan A and $325.1 million of 5.5% Senior Notes; the company was in compliance with all applicable covenants. Net cash provided by operating activities from continuing operations was $39.3 million, supported by receivables monetization; during the six-month period, $345.4 million of receivables were transferred for $341.7 million in cash, recording a $3.5 million loss.

Following the May 6 separation from Lionsgate, Starz now reports one segment, Starz Networks, and changed its fiscal year-end to December 31, 2025. Programming content, net, was $1,028.7 million, and intangible assets, net, were $729.8 million.

Starz Entertainment Corp. (STRZ) furnished quarterly results. The company submitted an 8-K announcing financial results for the quarter ended September 30, 2025.

The results were provided via a press release furnished as Exhibit 99.1 and incorporated by reference. The Item 2.02 information, including Exhibit 99.1, is not deemed “filed” under Section 18 of the Exchange Act. STRZ common shares trade on the Nasdaq Global Select Market.

Royce E. Wilson, identified as a director of Starz Entertainment Corp. (STRZ), filed an initial Form 3 reporting beneficial ownership of 320 common shares. The filing shows the ownership is held directly and was triggered by an event dated 08/20/2025. This is an initial Section 16 disclosure that documents a director’s small, direct equity stake; no derivative securities, option grants, or indirect holdings are reported in the form.

Starz Entertainment Corp. announced that on August 20, 2025 the Board appointed Ed Wilson as a director. Mr. Wilson will serve on the Nominating & Corporate Governance Committee and the Audit & Risk Committee. He will be paid for his services as a non-employee director under the same compensation arrangements already disclosed in the company’s Annual Report filed with the SEC on June 26, 2025. The company stated there are no special arrangements or understandings relating to his selection and no transactions involving Mr. Wilson that would require separate disclosure under Item 404(a) of Regulation S-K.

Bruce Mann, a director of Starz Entertainment Corp. (STRZ), filed an amended Form 4 correcting prior reporting of compensation. The amendment clarifies that director fees were paid in cash rather than in restricted share units, and the corrected table shows 0 shares acquired related to the initially reported RSUs. The form reports beneficial ownership of 5,000 common shares held directly by the reporting person following the reported transactions. The filing includes an explanatory remark that the RSUs were inadvertently reported and confirms the cash payment of director fees.

Harry Sloan, a director of Starz Entertainment Corp. (STRZ), reported purchases of common shares over three days in August 2025. On 08/19/2025 he purchased 6,614 shares at a weighted price noted as $12.55 (paid in two transactions at $12.35 and $12.57). On 08/20/2025 he bought 1,082 shares at $12.71. On 08/21/2025 he bought 8,100 shares at $12.98. Following these purchases his beneficial ownership increased to 42,260 shares. The holding total includes restricted stock units (118 RSUs vesting 09/13/2025 and 1,359 RSUs vesting 11/29/2025). The Form was signed by Audrey Lee by power of attorney for Mr. Sloan on 08/21/2025.

Bruce Mann, identified as a director of Starz Entertainment Corp (STRZ), reported a purchase of 5,000 common shares on 08/19/2025 at a price of $12.67 per share. Following this transaction his reported beneficial ownership is 11,112 shares, held directly. The Form 4 was submitted with a signature block dated 08/20/2025 executed by Audrey Lee by power of attorney.

Jeffrey A. Hirsch, President and Chief Executive Officer of Starz Entertainment Corp. (STRZ), reported an open-market purchase of common shares on 08/19/2025. The filing shows a purchase of 15,000 common shares at prices ranging from $12.69 to $12.87 per share (reported average $12.78). After the transaction, Hirsch beneficially owns 168,690 shares, which includes 49,928 restricted stock units scheduled to vest on July 3, 2026 and 89,154 RSUs scheduled to vest in two equal installments on July 1, 2026 and July 1, 2027. The Form 4 is signed on behalf of Hirsch by Audrey Lee.