×
You will be redirected back to your article in seconds

Lionsgate’s Top Executives See Soaring Compensation

'Hunger Games,' 'Twilight' fuel stock price rise

With “The Hunger Games” and “Twilight” fueling Lionsgate’s profits and stock price, the studio has rewarded its top execs with sharply increased pay.

Lionsgate paid $28.2 million to vice chairman Michael Burns and another $12.6 million to CEO Jon Feltheimer during its fiscal year ended March 31.

Lionsgate made the executive compensation disclosures Monday as part of its proxy statement to shareholders, officially  setting its annual meeting for Sept. 10 in Toronto, via a Schedule 14A filing with the SEC.  The proxy officially set Lionsgate’s  annual meeting for Sept. 10 in Toronto during the Toronto Intl. Film Festival.

During this past fiscal year, Lionsgate established “The Hunger Games” as a franchise with $690 million in worldwide box office, released the final “Twilight film” and saw its stock price rise 70%. “The Hunger Games: Chasing Fire” opens Nov. 22.

Shares have more than quadrupled in value in less than two years. Lionsgate cashed out Carl Icahn for his 33% stake at $7 a share in August, 2011; shares closed Monday at $32.25, down 48 cents.

Burns was paid five times his fiscal 2012 salary. Nearly half of the $28.2 million came in the form of stock options made over the next four years, along with $7.9 million in stock awards, a $4 million bonus, $1.3 million in incentive plan compensation and $970,962 in base compensation.

Feltheimer nearly doubled his salary in 2013 with a $6 million bonus, $3.6 million in stock awards, $1.5 million in incentive  plan compensation and a $1.26 million base compensation.

The compensation committee said in the proxy that the execs had positioned the company to further expand internationally, improve margins, and reduce cost of capital.

“In light of this particularly strong performance, the Compensation Committee determined that it was appropriate to award incentives to these executives for fiscal 2013 above the 25th to 50th percentile relative to the peer group normally targeted by the company,” the committee added.

The proxy also disclosed that Wayne Levin, general counsel and chief strategic officer, saw his compensation more than double to $4.7 million from $1.83 million. That included $1.9 million in stock awards and $1.26 million in option awards.

CFO James Keegan saw compensation decline to $1.02 million from $1.6 million.

More Film

  • Aquaman 2018

    'Aquaman' Crosses $250 Million at Foreign Box Office

    Things are going swimmingly at the box office for “Aquaman” as the Warner Bros.’ superhero flick hits another major milestone overseas. James Wan’s take on the ruler of the seven seas just passed $250 million internationally, and a weekend haul of $126.4 million from 43 territories brings its foreign tally to $261.3 million. “Aquaman” — [...]

  • Mortal Engines

    'Mortal Engines' to Lose More Than $100 Million at Box Office

    “Mortal Engines,” a steampunk fantasy adventure, is also an epic flop. With a budget of just over $100 million and tens of millions in global marketing costs, executives at rival studios estimate that the movie will lose upwards of $100 million. Some even project that number could float to more than $125 million. “Mortal Engines” [...]

  • Thierry Frémaux, José Luis Rebordinos Honored

    Thierry Frémaux, José Luis Rebordinos Named Honorary Argentine Academy Members

    BUENOS AIRES — In a ceremony just before Friday’s prize announcements at Ventana Sur, Cannes chief Thierry Frémaux and José Luis Rebordinos, director of the San Sebastian Festival, were named honorary members of Argentina’s Academy of Motion Picture Arts and Sciences, in a new move for the Academy, out through by its new president, Bernardo [...]

  • Nona

    Film Review: 'Nona'

    Twenty years and 12 features down the line, it’s still hard to peg the directorial sensibility of Michael Polish, with or without the presence of brother Mark as frequent co-writer and actor. His output has been all over the place, from early Lynchian quirkfests to the very middle-of-the-road inspirational dramedy “The Astronaut Farmer,” not to [...]

  • Pawel Pawlikowski "Cold War"

    Pawel Pawlikowski's 'Cold War' Wins for Best Film, Director at European Film Awards

    “Cold War,” Pawel Pawlikowski’s black-and-white romance set in the 1950s, scooped the prizes for best film, director and screenplay at the 31st edition of the European Film Awards on Saturday. “Cold War” star Joanna Kulig also won the award for best actress. Marcello Fonte, the star of Matteo Garrone’s “Dogman,” won for best actor. Armando Iannucci’s [...]

  • The Favourite Bohemian Rapsody Star is

    The Best Movie Scenes of 2018

    When we think back on a movie that transported us, we often focus on a great scene — or maybe the greatest scene — in it. It’s natural. Those scenes are more than just defining. They can be the moment that lifts a movie into the stratosphere, that takes it to the higher reaches of [...]

More From Our Brands

Access exclusive content