Newly-solo Lionsgate has extended longtime CEO Jon Feltheimer’s contract for another two years through July 31, 2031.
On April 13, Lionsgate’s compensation committee approved a new employment agreement with the studio head to keep him as CEO for another two years, the studio said in a Securities and Exchange Commission filing on Wednesday.
Feltheimer has served as CEO of the Hollywood studio since March 2000 alongside vice chairman Michael Burns, and that followed a nine-year run at Sony Pictures where he worked on popular shows like Mad About You, The Nanny, Dawsons Creek and Party of Five.
His latest contact calls for Feltheimer’s base salary to remain where it has been for 10 years, at $1.5 million. He will also be granted stock options at between $17 and $22 per-share as part of a management incentive package.
Shares in Lionsgate closed on Wednesday at $10.66, down 43 cents or 4
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