UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
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LIONS GATE ENTERTAINMENT CORP. | ||||
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LIONS GATE ENTERTAINMENT CORP.
250 Howe Street, 20th Floor
Vancouver, British Columbia V6C 3R8
2700 Colorado Avenue, Suite 200
Santa Monica, California 90404
SUPPLEMENT TO THE PROXY STATEMENT FOR THE 2014 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
To Be Held September 9, 2014
The following information supplements and amends the proxy statement (the "Proxy Statement") of Lions Gate Entertainment Corp. ("Lionsgate," the "Company," "we," "us" or "our"), which was filed with the Securities and Exchange Commission on July 29, 2014 and contains information relating to our annual general and special meeting of shareholders (the "Annual Meeting") to be held on Tuesday, September 9, 2014, beginning at 10:00 a.m., local time, at the Shangri-La Hotel, 188 University Avenue, Toronto, Ontario, M5H 0A3, Canada, and to any continuations, adjournments or postponements thereof. All dollar figures contained in this proxy statement are in U.S. dollars, unless otherwise indicated. Capitalized terms used in this Supplement and not otherwise defined have the meaning given to such terms in the Proxy Statement.
This Supplement is being filed to correct certain information that was presented in the Summary Compensation, Outstanding Equity Awards and Grants of Plan-Based Awards tables that were included in the Proxy Statement. This Supplement should be read in conjunction with the Proxy Statement.
Only shareholders of record of the Company's common shares (NYSE: LGF) at 5:00 p.m. (Eastern Standard Time) on July 18, 2014 are entitled to receive notice of the Annual Meeting and to vote the common shares that they held on that date at the Annual Meeting, or any continuations, adjournments or postponements of the Annual Meeting.
The Summary Compensation table below quantifies the value of the different forms of compensation earned by or awarded to the Named Executive Officers for the 2014 fiscal year. The primary elements of each Named Executive Officer's total compensation reported in the table are base salary, an annual bonus, and long-term equity incentives consisting of stock options and restricted share units. The Named Executive Officers also received the other benefits listed in column (i) of the Summary Compensation table, as further described in footnote 3 to the table.
The Summary Compensation table should be read in conjunction with the tables and narrative descriptions that follow. The Grants of Plan-Based Awards table, and the accompanying description of the material terms of equity awards granted in fiscal 2014, provide information regarding the long-term equity incentives awarded to the Named Executive Officers in fiscal 2014. The Outstanding Equity Awards at Fiscal 2014 Year-End and Option Exercises and Stock Vested tables provide further information on the Named Executive Officers' potential realizable value and actual value realized with respect to their equity awards.
1
Summary Compensation Fiscal 2012, 2013 and 2014
Name and Principal Position (a) |
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Fiscal Year (b) |
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Salary ($) (c) |
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Bonus ($)(1) (d) |
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Stock Awards ($)(2) (e) |
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Option Awards ($)(2) (f) |
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Non-Equity Incentive Plan Compensation ($)(1) (g) |
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Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) (h) |
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All Other Compensation ($)(3) (i) |
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Total ($) (j) |
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Jon Feltheimer* | 2014 | 1,465,428 | 0 | 14,402,803 | 41,513,029 | 8,750,000 | 0 | 197,201 | 66,328,461 | * | ||||||||||||||||||
Chief Executive Officer | 2013 | 1,264,070 | 6,000,000 | 3,625,278 | 0 | 1,500,000 | 0 | 184,535 | 12,573,883 | |||||||||||||||||||
2012 | 1,220,907 | 5,001,000 | 121,500 | 0 | 0 | 0 | 94,169 | 6,437,576 | ||||||||||||||||||||
Michael Burns |
2014 |
1,000,000 |
0 |
3,000,000 |
0 |
4,400,000 |
0 |
78,205 |
8,478,205 |
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Vice Chairman | 2013 | 970,962 | 4,000,000 | 7,900,172 | 13,995,430 | 1,300,000 | 0 | 33,484 | 28,200,048 | |||||||||||||||||||
2012 | 950,000 | 4,001,000 | 603,199 | 0 | 0 | 0 | 16,292 | 5,570,491 | ||||||||||||||||||||
James W. Barge |
2014 |
381,538 |
1,100,000 |
936,250 |
2,597,054 |
0 |
0 |
477 |
5,015,319 |
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Chief Financial Officer | ||||||||||||||||||||||||||||
Steven Beeks |
2014 |
900,000 |
0 |
0 |
0 |
825,000 |
0 |
3,657 |
1,728,657 |
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Co-Chief Operating | 2013 | 900,000 | 850,000 | 0 | 0 | 0 | 0 | 5,960 | 1,755,960 | |||||||||||||||||||
Officer and President, Motion Picture Group |
2012 | 750,000 | 1,001,000 | 1,430,000 | 1,312,500 | 0 | 0 | 6,635 | 4,500,135 | |||||||||||||||||||
Brian Goldsmith |
2014 |
750,000 |
0 |
936,500 |
989,490 |
825,000 |
0 |
2,932 |
3,503,922 |
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Co-Chief Operating Officer |
2013 | 750,000 | 537,500 | 1,182,000 | 756,625 | 187,500 | 0 | 2,960 | 3,416,585 | |||||||||||||||||||
James Keegan |
2014 |
273,077 |
0 |
1,393,411 |
255,613 |
0 |
0 |
634,801 |
2,556,902 |
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Former Chief Financial | 2013 | 499,439 | 300,250 | 0 | 221,275 | 0 | 0 | 2,960 | 1,023,924 | |||||||||||||||||||
Officer | 2012 | 475,000 | 401,000 | 738,600 | 0 | 0 | 0 | 2,960 | 1,617,560 |
2
Name |
Year | 401(k) Contribution |
Term Life Insurance Premiums |
Automobile Allowance |
Miscellaneous | Tax Payments for Disability Benefits |
Total |
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(a) | (b) | ||||||||||||||||||||
Jon Feltheimer |
2014 | $ | 1,000 | $ | 1,200 | | $ | 194,269 | $ | 732 | $ | 197,201 | ||||||||||
Michael Burns |
2014 | $ | 1,000 | $ | 1,200 | $ | 13,332 | $ | 61,941 | $ | 732 | $ | 78,205 | |||||||||
James W. Barge |
2014 | | $ | 240 | | | $ | 237 | $ | 477 | ||||||||||||
Steven Beeks |
2014 | $ | 1,000 | $ | 1,200 | | $ | 725 | $ | 732 | $ | 3,657 | ||||||||||
Brian Goldsmith |
2014 | $ | 1,000 | $ | 1,200 | | | $ | 732 | $ | 2,932 | |||||||||||
James Keegan |
2014 | | $ | 600 | | $ | 633,831 | (c) | $ | 370 | $ | 634,801 |
3
The following table presents information regarding the incentive awards granted to the Named Executive Officers during fiscal 2014. Each of the equity-based awards was granted under the 2012 Plan, which has been approved by our shareholders. For information concerning the non-equity incentive plan awards granted during fiscal 2014, please see Compensation Discussion and Analysis above.
Grants of Plan-Based Awards Fiscal 2014
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Estimated Future Payouts Under Non-Equity Incentive Plan Awards |
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Estimated Future Payouts Under Equity Incentive Plan Awards |
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All Other Stock Awards: Number of Shares of Stock or |
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All Other Option Awards: Number of Securities Underlying |
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Exercise or Base Price of Option |
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Grant Date Fair Value of Stock and Option |
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Name |
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Grant Date (b) |
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Threshold ($) (c) |
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Target ($) (d) |
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Maximum ($) (e) |
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Threshold (#) (f) |
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Target (#) (g) |
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Maximum (#) (h) |
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Units (#) (i) |
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Options (#) (j) |
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Awards ($/Sh) (k) |
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Awards ($)(1) (l) |
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Jon Feltheimer |
4/1/2013 | | | | | 152,679 | | | | | 3,580,323 | |||||||||||||||||||||||
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4/5/2013 | | | | | | | 107,574 | | | 2,500,000 | |||||||||||||||||||||||
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5/23/2013 | | | | | | | 200,000 | | | 5,310,000 | |||||||||||||||||||||||
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5/23/2013 | | | | | | | | 2,000,000 | 26.55 | 24,425,846 | |||||||||||||||||||||||
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1/2/2014 | | | | | | | | 1,250,000 | 31.72 | 17,087,183 | |||||||||||||||||||||||
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1/2/2014 | | | | | | | 94,971 | | | 3,012,480 | |||||||||||||||||||||||
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N/A | | 1,500,000 | 10,000,000 | | | | | | | | |||||||||||||||||||||||
Michael Burns |
4/5/2013 |
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129,089 |
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3,000,000 |
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N/A | | 500,000 | 10,000,000 | | | | | | | | |||||||||||||||||||||||
James W. Barge |
9/16/2013 |
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25,000 |
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936,250 |
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9/16/2013 | | | | | | | | 175,000 | 37.45 | 2,597,054 | |||||||||||||||||||||||
Steven Beeks |
N/A |
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450,000 |
3,000,000 |
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Brian Goldsmith |
10/3/2013 |
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25,000 |
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936,500 |
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10/3/2013 | | | | | 41,667 | | | | 15.76 | 989,490 | |||||||||||||||||||||||
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N/A | | 375,000 | 3,000,000 | | | | | | | | |||||||||||||||||||||||
James Keegan |
6/21/2013 |
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1,767 |
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50,000 |
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N/A | | 150,000 | 3,000,000 | | | | | | | | |||||||||||||||||||||||
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10/1/2013 | (2) | | | | | | | 40,000 | | | 1,343,411 | ||||||||||||||||||||||
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10/1/2013 | (2) | | | | | | | | 25,000 | 23.27 | 255,613 |
4
The following table presents information regarding the outstanding equity awards held by each of the Named Executive Officers as of March 31, 2014, including the vesting dates for the portions of these awards that had not vested as of that date.
Outstanding Equity Awards at Fiscal 2014 Year-end
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| Option Awards | | Stock Awards | ||||||||||||||||||||||||
Name |
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Number of Securities Underlying Unexercised Options (#) Exercisable (b) |
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Number of Securities Underlying Unexercised Options (#) Unexercisable (c) |
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Equity Incentive Plan Awards: Number of Securities Underlying Unearned Options (#) (d) |
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Option Exercise Price ($) (e) |
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Option Expiration Date (f) |
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Number of Shares or Units of Stock That Have Not Vested (#) (g) |
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Market Value of Shares or Units of Stock That Have Not Vested ($)(1) (h) |
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Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) (i) |
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Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) (j) |
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Jon Feltheimer |
1,050,000 | | | 10.04 | 9/20/2016 | | | | | |||||||||||||||||||
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| 2,000,000 | (2) | | 26.55 | 5/23/2023 | | | | | ||||||||||||||||||
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| 1,250,000 | (3) | | 31.72 | 5/23/2023 | | | | | ||||||||||||||||||
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| | | | | 471,884 | (4) | 12,613,459 | | | ||||||||||||||||||
Michael Burns |
1,050,000 | | | 9.31 | 9/11/2016 | | | | | |||||||||||||||||||
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464,286 | 1,392,857 | (5) | | 16.09 | 10/30/2022 | | | | | ||||||||||||||||||
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| | | | | 121,734 | (6) | 3,253,950 | | | ||||||||||||||||||
|
| | | | | 105,063 | (7) | 2,808,333 | | | ||||||||||||||||||
James W. Barge |
| 175,000 | (8) | | 37.45 | 9/16/2023 | | | | | ||||||||||||||||||
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| | | | | 25,000 | (9) | 668,250 | | | ||||||||||||||||||
Steven Beeks |
108,333 | 41,667 | (10) | | 13.80 | 3/5/2022 | | | | | ||||||||||||||||||
|
| | | | | 19,386 | (11) | 518,188 | | | ||||||||||||||||||
Brian Goldsmith |
83,334 | 83,333 | (12) | | 15.76 | 10/3/2022 | | | | | ||||||||||||||||||
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| | | | | 53,333 | (13) | 1,425,591 | | |
5