Lionsgate CEO Jon Feltheimer noticed his whole compensation soar to $21.5 million for fiscal 2023, based on the corporate’s newest proxy submitting disclosed Friday.
That’s up from fiscal 2022 when Feltheimer obtained $5.6 million in whole pay, and the $19.1 million he earned as a part of his general compensation bundle for fiscal 2021. Feltheimer’s 2023 compensation included an unchanged $1.5 million base wage, in comparison with the 2 prior years.
And his bonus final 12 months rose to $10 million, from a bonus of $2.8 million in fiscal 2022 and a $10 million bonus for 2021. Feltheimer once more obtained no choice awards final 12 months as in fiscal 2022.
That was in opposition to $6.7 million in choice awards obtained for fiscal 2021. However his inventory awards for fiscal 2023 rose to $9.75 million, in comparison with a year-earlier $1 million in inventory awards and $700,000 in fiscal 2021.
Feltheimer in August 2020 prolonged his long-term employment settlement, maintaining him on the Hollywood studio doubtlessly to August 2025. His newest pay bundle follows the media large pushing the timing for a spin off of its studio enterprise to the primary quarter of 2024, due partially to the latest acquisition of producer Leisure One and the impression of the twin Hollywood strikes.
Lionsgate is exploring its choices for Starz, together with a attainable separation of the pay TV and streaming enterprise and its studio operations. The objective might be creating two standalone corporations so traders can worth the Starz and studio property individually as a part of a transaction ultimately rely was set to be unveiled by the top of September.
Lionsgate vice-chairman Michael Burns additionally noticed his general compensation bundle swell final 12 months, to $10.1 million, in opposition to whole pay at $4.4 million in fiscal 2022. Lionsgate CFO Jimmy Barge had the identical trajectory, as he obtained $10.87 million in general pay in fiscal 2023, in comparison with a year-earlier $6.45 million, whereas studio COO Brian Goldsmith noticed his whole pay rise to $6.6 million in fiscal 2023, in opposition to $5.44 million a year-earlier.
Lionsgate will maintain its annual assembly of shareholders at its workplace in Vancouver on Nov. 28, 2023.