SEC Filing Summary: Lions Gate Entertainment Corp.
Business Context and Reporting Period
This Form 8-K was filed on April 11, 2014, by Lions Gate Entertainment Corp. (Note: The request metadata referenced "STARZ ENTERTAINMENT CORP," but the filing text explicitly identifies the registrant as Lions Gate Entertainment Corp.). The report discloses updates regarding the Company's stock repurchase program under Item 8.01 (Other Events).
Key Financial Metrics
The filing provides specific data related to share repurchases but does not report revenue, profit, cash flow, margins, or debt levels.
- Shares Repurchased: 2,239,062 common shares.
- Repurchase Period: December 19, 2013, through April 10, 2014.
- Average Price per Share: Approximately $26.55.
- Total Aggregate Cost: $59.4 million.
- Remaining Authorization: Approximately $175.4 million under the $300 million plan authorized in December 2013.
Material Changes
The primary material change is the execution of the stock buyback program. Since the initial authorization of the $300 million plan on December 19, 2013, the Company has utilized $59.4 million of the authorized amount.
Guidance, Outlook, and Risks
Management indicated that future purchases will be made at the Company's discretion regarding quantity, timing, and price, subject to market conditions and legal requirements. The filing does not provide specific financial guidance, outlook, or discuss new risks or contingencies beyond the standard discretion of the repurchase program.
Investor Verification Checklist
- Verify the total remaining balance of the $300 million repurchase authorization ($175.4 million).
- Confirm the average repurchase price of $26.55 against market trading data for the period of December 2013 to April 2014.
- Review subsequent filings to track the pace of future repurchases under the remaining authorization.
- Note the discrepancy between the request metadata (Starz) and the actual filing registrant (Lions Gate).