3 year renewal comes after re-ups for Burns, Levin, Constantine
The company disclosed the Keegan deal in an 8-K filing with the Securities and Exchange Commission. It has recently signed deals to re-up Michael Burns as vice chairman, Wayne Levin as general counsel and chief strategic officer, and Jason Constantine as president of acquisitions and co-productions for its motion picture group.
The deal with Keegan, who has been CFO since 2002, covers a term commencing April 16 and ending Oct. 15, 2014, subject to extension by the company for an additional period ending April 15, 2016. The pact calls for Keegan to receive an annual base salary of $525,000 for the initial term, and $550,000 if the term is extended.
He’s also been granted 25,000 options to purchase shares of common stock each year along with being eligible to receive an annual performance bonus at the discretion of the compensation committee.
Keegan previously served as CFO of Artisan Entertainment and Trimark Pictures, both which were acquired by Lionsgate, and is part of Lionsgate’s senior decision-making team. Lionsgate recently reported earnings of $37.8 million, or 28¢ a share, on revenues of $743.6 million for its quarter ended Dec. 31.