Lionsgate Exec Steve Beeks Extends Contract for Additional Three Years

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The indie-studio exec will continue as co-COO and co-president of the motion picture group with a new three-year deal under co-chairs Rob Friedman and Patrick Wachsberger.

Lionsgate has struck a new contract with Steve Beeks, co-COO and co-president of the motion picture group.

The May 6 SEC filing from the studio indicated Beek's deal has been extended for another three years, starting April 1, 2015. Beeks will continue to oversee Lionsgate's day-to-day operations and strategic initiatives with co-COO Brian Goldsmith, the studio said.

The new contract will see Beeks receive a base salary of $950,000, and be eligible to receive an annual bonus amounting to 75 percent of that base salary.

Beeks has also been granted 33,333 time-vesting restricted share units, 66,667 performance-vesting restricted share units, and 116,667 time-vesting options to purchase shares in Lionsgate.