The board of directors has also approved an award to Feltheimer of share appreciation rights of 2 million of Class B non-voting shares with an exercise price of $8.17 and will vest in one installment on Aug. 21, 2023, subject to Feltheimer’s continued employment. Jon Feltheimer is an American businessman who has a net worth of $30 million. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. The new deal for the longtime media executive, who has run Lionsgate since 2000, expires August 21.
Related News. American businessman Jon Feltheimer is the CEO of Lions Gate Entertainment who has an estimated net worth of $30 million.
The company’s board now has the ability to extend him either one year, to August 2024, or two years, to August 2025.
He engineered a series of acquisitions of companies, from smaller firms like Artisan and Trimark, to bigger ones like Starz and Summit. It closed Wednesday’s trading day at $9.43, up almost 3% on the day.
While it may yet make an appealing target, Lionsgate itself has grown dramatically since Feltheimer first took the controls. New York, All of these relationships require finesse—a key Feltheimer trait. Lionsgate’s stock has rallied of late after cratering to nearly $4 a share in the springtime. Motion Picture Production And Allied Services, Lions Gate Entertainment CEO Jon Feltheimer's 2020 pay jumps 67% to $11.1M, Lions Gate Entertainment CEO Jon Feltheimer's 2018 pay falls 59% to $14.4M, PIONEER POWER SOLUTIONS CEO Nathan Mazurek's 2019 pay jumps 194% to $1.4M, News Corp CEO Robert Thomson's 2020 pay slips 8% to $13.5M, Western Digital CEO David Goeckeler receives $35.7M in 2020, HomeTrust Bancshares CEO Dana Stonestreet's 2020 pay slips 1% to $1.0M. It said the board’s compensation committee approved a new employment agreement on Aug. 21 for Feltheimer, replacing the agreement from 2013, which was amended in 2016. In his formative years, enjoying late-night TV as a Long Island teen or gigging around L.A. as a 20-something rock musician in the band Lightheart, he didn’t picture himself running a thriving, multibillion-dollar media company. Feltheimer, 68, joined Lionsgate after a run in Sony’s TV exec ranks. Lionsgate Extends CEO Jon Feltheimer’s Contract 26 August 2020 | Variety; Lionsgate CEO Jon Feltheimer Extends Contract Further Into 2023, With Board Option For Re-Up Through 2025
The company made the disclosure Wednesday in an 8-K filing with the Securities and Exchange Commission. Feltheimer’s TV touch has resulted in a major influx of revenue for Lionsgate.
“I used to know I had a great idea when Jon would say, ‘Hmmm. Lionsgate, like New World Television and Sony TriStar before it, has been forged by Feltheimer’s thirst for risk-taking and ability to reach underserved audiences and revenue sources. “Jon was absolutely dead set on being a force in television. Receive mail from us on behalf of our trusted partners or sponsors?
“We’re not the big upfront players, but in success, everybody participates.” The big view is what matters, Burns adds: “The Greeks say you suffer your way to wisdom. Lionsgate has extended the contract of longtime chief executive officer Jon Feltheimer three months, now expiring on Aug. 21, 2023, with options to push it into 2024 or 2025. All Rights reserved. Their activities must be so carefully coordinated that their offices are connected by a glass wall. Decades on, Feltheimer is in his 14th year at the helm of Lionsgate, having parlayed his early music career and stockbroker stint into a talent management run and then successful exec tenures at New World and Sony TriStar. Feltheimer also received $1.9M in option awards, $1.5M in salary and $165.5K in other compensation. Lionsgate Executives Offer Upbeat Outlook in Wake of Pandemic, Lionsgate Extends CEO Jon Feltheimer’s Contract, Lionsgate CEO Jon Feltheimer Extends Contract Further Into 2023, With Board Option For Re-Up Through 2025. Please refresh the page and try again. ©
Read Next: ‘This Isn’t The Right Time’ For ‘No Time To Die,’ says Daniel Craig, Milla Jovovich’s Thriller ‘Monster Hunter’ Moves Forward to 2020, Gold House Movement Supports Filipina Drama ‘Yellow Rose’ — Film News in Brief, Andy Samberg, Common, Craig Robinson to Star in Comedy ‘Super High’, numbers that were above Wall Street estimates, Clark Middleton, Actor in 'The Blacklist,’ ‘Twin Peaks,’ Dies at 63, ‘The Batman’ Delayed to 2022, ‘Matrix 4’ Release Moves Up, 'Teenage Bounty Hunters' Canceled After One Season at Netflix, Denis Villeneuve’s ‘Dune’ Delays Release Date, ‘GLOW’ Season 4 Canceled Due to COVID-19 Pandemic, Thomas Jefferson Byrd, Actor in Spike Lee Films, Killed in Atlanta, Why ‘Tenet’ Was the Wrong Movie at the Wrong Time (Column), ‘This Isn’t The Right Time’ For ‘No Time To Die,’ says Daniel Craig, Bruce Lee’s Daughter Shannon Recalls His Struggle to Make ‘Enter the Dragon’ in New Book Excerpt (EXCLUSIVE), Chloë Grace Moretz to Star in Amazon Series ‘The Peripheral’ (EXCLUSIVE), Led Zeppelin Wins 'Stairway to Heaven' Copyright Battle as Supreme Court Refuses to Hear Case, ‘The Witcher’ Season 2 Gets First Look at Henry Cavill’s New Armor, Megan Thee Stallion Delivers Powerful 'Protect Black Women' Statement on 'SNL', The 10 Best ‘Gilmore Girls’ Music Moments, Taylor Lautner Buys Striking Agoura Hills Mansion, The Best Bose Soundbar is Under $200 for the First Time This Year, Home Tours: This $24 Million Telluride Mansion Is a Modern Take on the Skier’s Log Cabin, Big Four Broadcast Rights Pacts Becoming ‘Loss Leaders’ for Networks, A Tea-Lover’s Guide to the Best Tea Brands in the World. The roster of partners is long at Lionsgate, keeping overhead and upfront costs low and providing cofinancing on many big ventures such as the upcoming TV Guide Channel reboot with CBS or new film and TV projects with Televisa. “Jon was always cleverly unpredictable because he resists conventional wisdom and challenges everything until he finds a unique and better way,” says Harry Sloan, former head of New World, MGM and other media companies, and Feltheimer’s mentor. They can be exercised in 2023 at $8.17 a share.
In other words, Feltheimer earned more than 92.5% of executives. Variety and the Flying V logos are trademarks of Variety Media, LLC. Feltheimer received $5M in bonus, accounting for 77.68% of the total pay in 2012. Those who have worked closely with Feltheimer describe him as outspoken, direct and firm; those qualities, and his relentless drive, are directed toward distinctly entrepreneurial goals. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. He took over the position since March 21, 2000 and served as the Co-Chairman of the Board since June 2005. The 76th Annual Academy Awards 2004 premiere.
When the board met last week to approve the extension, according to an SEC filing, it also granted Feltheimer two million of the company’s Class B non-voting shares.
“Usually, when someone presents a project, the listener is trying to fit it into something he’s familiar with. While it may yet make an appealing target, Lionsgate itself has grown dramatically since Feltheimer first took the controls.
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