Starz Entertainment Corp. announced on October 1, 2026, that it has extended the employment agreement for Jason Wyrick, the company's Executive Vice President of Technology. The agreement, entered into by Starz Entertainment LLC, a wholly owned subsidiary, extends Mr. Wyrick's tenure through September 30, 2028, with an optional one-year extension to September 30, 2029, contingent upon notice from the Company.
Under the terms of the agreement, Mr. Wyrick is entitled to an annual base salary of $735,000. He is also eligible for an annual bonus with a target opportunity equal to 90% of his base salary, subject to the achievement of performance criteria established by the Compensation & Talent Committee of the Board of Directors.
The agreement stipulates that the Company will request approval for annual equity awards following each annual cycle. These awards will have a target grant date value equal to 50% of Mr. Wyrick’s base salary at the time of the grant. The awards may include time-based restricted share units, performance-based restricted share units, stock options, or other forms of equity, with vesting schedules determined by the Compensation Committee.
Should Mr. Wyrick experience a qualifying termination during the term of the agreement, he would be entitled to cash severance equal to 18 months of base salary and payment of COBRA premiums for up to 18 months. Additionally, the agreement includes provisions for accelerated vesting of unvested equity awards in the event of a change in control, provided the termination occurs within six months of the event.
