Filing summary
Company: Starz Entertainment Corp. Filing: Form 8-K, reporting an event dated October 1, 2026; filed October 6, 2026.
Business context and reporting period
The filing reports an employment agreement between Starz Entertainment, LLC, a wholly owned subsidiary, and Jason Wyrick, the company’s Executive Vice President, Technology since April 2021. The agreement began October 1, 2026, and runs through September 30, 2028, unless terminated earlier. The company may extend it for one year, through September 30, 2029, by providing notice.
Financial and compensation terms
- Annual base salary: $735,000.
- Annual bonus target: 90% of base salary, subject to performance criteria set by the Compensation & Talent Committee. At the stated base salary, that target is $661,500.
- Annual equity awards: the company will request committee approval for awards with a target grant-date value of 50% of then-current base salary. At the stated base salary, that is $367,500. Awards are subject to committee approval and funding; vesting and award type depend on the agreement and committee determinations.
- Qualifying termination during the term: subject to a customary release and post-employment obligations, severance equals 18 months of then-current base salary, plus COBRA premium payments for up to 18 months. A prorated bonus for the termination fiscal year is based on actual performance if employment ends in a qualifying termination or does not continue beyond the agreement term.
- Change in control: if a qualifying termination occurs on or within six months after a change in control, certain outstanding unvested equity awards scheduled to vest in the following 12 months—and before the agreement expires—accelerate. Performance awards vest based on actual performance.
The filing provides no company revenue, profit, cash flow, margin, debt, liquidity, or other operating results.
Changes, outlook, and risks
The filing describes the terms of Wyrick’s new agreement and continued service in his existing role; it does not report a departure, company financial guidance, or broader business outlook. The agreement includes confidentiality and a 12-month employee non-solicitation covenant. Bonus and equity compensation depend on performance, committee decisions, and, for equity awards, approval and funding. The filing’s description is qualified by the full agreement attached as Exhibit 10.1.
Important facts to verify
- Review Exhibit 10.1 for full definitions of qualifying termination, extension notice, and other conditions.
- Confirm any annual bonus and equity awards actually approved, funded, and awarded; the stated equity amount is a target, not a guaranteed grant.
- Check subsequent filings for any agreement extension, termination, change-in-control event, or related compensation disclosure.