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Lionsgate Extends CEO Jon Feltheimer’s Contract Through 2029 As Company Prepares To Split
Liongate has approved a new five-year employment agreement with chief executive Jon Feltheimer running through 2029.
Any portion of the bonus exceeding $1.5 million for a particular year may be paid to him in the form of fully vested company common shares. In addition, the employment agreement calls for annual equity-based grants for FY 2025-2029 with an aggregate target grant date value of $10 million — with the actual value determined by the board’s compensation committee each year based on the company’s financial performance for the prior year against targets set by the board and Feltheimer. Like all media, the company led by the highly-regarded CEO was squeezed by the Hollywood strikes and aftermath but has benefitted from ongoing strong library revenue, solid IP and a focus on delivering a stream of content to third parties.
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