MSG Knickerbockers Restates Name, Amends Executive Contracts, and Completes Spinoff of Rangers

MSG Knickerbockers Corp. filed a Form 8-K on October 23, 2026, detailing a series of corporate actions following the spinoff of its New York Rangers business. The company, formerly known as Madison Square Garden Sports Corp., has restated its Articles of Incorporation to change its name to MSG Knickerbockers Corp., effective November 26, 2026. The filing also outlines the completion of a distribution of shares to stockholders and updates to executive employment agreements.

On October 26, 2026, the company distributed all issued and outstanding shares of MSG Rangers Corp. to its stockholders. This distribution resulted in each holder of the company’s Class A common stock receiving one share of MSG Rangers Class A stock for every two shares held, and a similar exchange ratio for Class B stock. The company stated that subsequent to the distribution, it will no longer include the financial results of the Spinco Business in its own financial reporting, though historical results will be reflected as discontinued operations in future filings.

The filing also addresses changes to executive compensation. On October 26, 2026, the company amended and restated the employment agreement of Executive Chairman and CEO James L. Dolan. The amended agreement sets his annual base salary at not less than $1,016,000 and reduces the aggregate target value of his annual long-term awards to $4,953,000. Additionally, the company amended the employment agreements of Executive Vice President David Granville-Smith, CFO Paul DiCicco, and Executive Vice President and Chief Legal Officer Jamaal T. Lesane. These amendments adjusted base salaries and long-term award targets and acknowledged that these executives will also be employed by MSG Rangers.

Separately, the Compensation Committee approved a one-time cash award of $10,000,000 to James L. Dolan on October 23, 2026, which was paid on October 26, 2026, in recognition of his leadership during the distribution. The company also filed a certificate of amendment with the Nevada Secretary of State to effect the name change and updated its bylaws to reflect the new name and changes in Nevada law.