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.
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