Lionsgate CFO James Barge Renews Contract Through 2023
2:03 PM PDT 10/2/2019 by Etan Vlessing
The top exec has signed a new four-year deal.
Lionsgate CFO James Barge has extended his contract with the Hollywood studio through 2023.
Lionsgate on Wednesday revealed the new long-term deal, which was approved Sept. 26, in an Securities and Exchange Commission 8K filing.
Barge's re-upping at the Hollywood studio follows big swings by Lionsgate for the premium cable channel Starz and taking a majority stake in talent management firm 3 Arts Entertainment amid continuing industry consolidation.
The new agreement has a four-year term that ends July 31, 2023. Under the new deal, Barge will receive an annual base salary of $1 million and will be eligible for an annual incentive bonus and equity-based awards.
As part of the new pact, Barge has also been granted 635,526 time-based stock appreciation rights, or options, and 635,526 performance-based SARs.
