Business Context and Reporting Period
This Form 8-K Current Report was filed by Madison Square Garden Sports Corp. on April 28, 2026. The filing discloses the appointment of a new Chief Financial Officer and the transition of the incumbent CFO.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. This report focuses exclusively on executive compensation and personnel changes.
Material Changes
The primary material change is the appointment of Paul DiCicco as Executive Vice President, Chief Financial Officer, and Treasurer, effective May 11, 2026. Concurrently, Victoria Mink will cease serving as CFO and Treasurer on the same date, transitioning to the role of Executive Vice President, Finance to assist with the handover.
Guidance, Outlook, and Compensation Details
The filing details the compensatory arrangements for the new CFO under the DiCicco Employment Agreement:
- Base Salary: Not less than $650,000 annually.
- Annual Bonus: Target of not less than 100% of base salary, commencing with the fiscal year starting July 1, 2026.
- Long-Term Incentives: Expected aggregate target value of not less than $650,000 annually.
- Severance: In the event of termination without cause or for good reason prior to the scheduled expiration date, the company will provide a severance payment of no less than two times the sum of the annual base salary and annual target bonus, plus accelerated vesting of certain awards.
- Non-Competition: A one-year non-compete restriction applies following termination, unless the executive remains employed through the scheduled expiration date.
Investor Verification Checklist
- Verify the exact commencement date of Paul DiCicco's role (May 11, 2026, or later as agreed).
- Review the full text of the Employment Agreement (Exhibit 10.1) for specific definitions of "cause" and "good reason."
- Confirm the timeline for Victoria Mink's transition to Executive Vice President, Finance.
- Monitor future filings for the actual grant of long-term incentive awards to ensure they meet the stated target values.