Madison Square Garden Sports Corp. has appointed Joseph M. Cohen as a director of MSGS Spinco, Inc., effective October 9, 2026. The appointment was made by the Company’s Board of Directors. In addition to his role on the Board, Mr. Cohen has been appointed to the Audit Committee and the Compensation Committee.
The filing indicates that Mr. Cohen’s biographical and compensation details are included in an Information Statement filed as Exhibit 99.1 to the Company’s registration statement, which was effective on October 9, 2026.
The Information Statement outlines the terms of a planned spin-off of MSGS Spinco, Inc. from MSG Sports. The distribution is expected to occur at 11:59 p.m., New York City time, on October 26, 2026. The spin-off is expected to be tax-free for U.S. federal income tax purposes, according to an opinion from Sullivan & Cromwell LLP.
Under the terms of the distribution, MSG Sports stockholders of record as of the close of business on October 20, 2026, will receive one share of MSGS Spinco Class A Common Stock for every two shares of MSG Sports Class A Common Stock held. Similarly, holders of MSG Sports Class B Common Stock will receive one share of Spinco Class B Common Stock for every two shares of MSG Sports Class B Common Stock held.
Upon the completion of the distribution, MSGS Spinco, Inc. will be renamed MSG Rangers Corp. and will list its Class A Common Stock on the New York Stock Exchange under the symbol “MSGR.” MSG Sports is expected to be renamed MSG Knickerbockers Corp. and will change its NYSE symbol to “MSGK.”
