Lionsgate CEO Jon Feltheimer Sees Pay Rebound In Fiscal 2023

Dade Hayes
·1 min read
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Lionsgate CEO Jon Feltheimer’s compensation rebounded to prior levels in fiscal 2023, reaching $21.5 million.

In the most recent fiscal year, the exec’s pay totaled $5.6 million, down sharply from $19.2 million in fiscal 2021.

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The company disclosed the figures as part of a proxy filing with the SEC.

Vice Chair Michael Burns saw his total pay rise to $10.1 million in fiscal 2023, from $4.4 million in the previous year. CFO Jimmy Barge, meanwhile, had total compensation of $10.9 million, up from $6.45 million.

The proxy statement also included a date for the company’s annual shareholder meeting as well as a special shareholder meeting. On November 28, shareholders will cast votes on executive compensation and members of the board of directors.

Lionsgate is also poised to separate its studio business from Starz. After a lengthy process of strategic deliberation, the split was then postponed last August due to the WGA strike and the company’s acquisition of eOne. The split is now expected to take effect in the first quarter of 2024, pending the OK of shareholders.

“We remain committed to the separation of Lionsgate and Starz,” Feltheimer said during the company’s most recent quarterly earnings call with Wall Street analysts. He said the delay was due to “the impact of the eOne acquisition on regulatory approvals, uncertainties surrounding the strike and our efforts to create the most efficient capital structure within a disruptive marketplace.”

Lionsgate confirmed in August it was acquiring eOne from Hasbro for $500 million.

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