STARZ Entertainment Corp.
04/15/2026 | Press release | Distributed by Public on 04/15/2026 15:26
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 9, 2026, Starz Entertainment Corp., a corporation organized under the laws of the province of British Columbia, Canada (hereinafter the "Company"), announced that Audrey Lee, Executive Vice President and General Counsel, will be retiring effective May 1, 2026. Following her retirement, Ms. Lee has agreed to make herself available to the Company for consultation on transition matters through May 31, 2026.
In connection with her retirement, Ms. Lee has executed a separation letter (the "Separation Letter") that provides certain benefits as follows. Ms. Lee will receive (i) a lump-sum cash payment equal to 18 months of her base salary ($1,226,077.36), (ii) an additional lump-sum cash payment equal to 70% of the foregoing amount ($858,254.15), (iii) payment of Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA") premiums through the period beginning on the Retirement Date and ending on the earlier of (a) 18 months following the Retirement Date or (b) the expiration of the coverage period specified under COBRA, and (iv) accelerated vesting of her outstanding equity awards. The Separation Letter acknowledges that Ms. Lee's separation from the Company satisfies the applicable conditions for severance under Section 1(a) of her Starz Severance Agreement, dated as of June 1, 2022, and confirms that Ms. Lee will not be eligible to participate in the Company's 2026 equity grant cycle.
The foregoing description of the Separation Letter is a summary and is qualified in its entirety by reference to the full text of the Separation Letter, which is filed as Exhibit 10.1 hereto and incorporated by reference.
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