Form8-KBuybackandDividend2013


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 17, 2013
Lions Gate Entertainment Corp.
(Exact name of registrant as specified in charter)
British Columbia, Canada
(State or Other Jurisdiction of Incorporation)
 
 
 
(Commission File Number) 1-14880
 
(IRS Employer Identification No.) N/A
(Address of principal executive offices)
1055 West Hastings Street, Suite 2200
Vancouver, British Columbia V6E 2E9
and
2700 Colorado Avenue, Suite 200
Santa Monica, California 90404
Registrant’s telephone number, including area code: (877) 848-3866
No Change
(Former name or former address, if changed since last report)
______________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
    
o
Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 




Item 7.01     Regulation FD Disclosure

Lions Gate Entertainment Corp. (the “Company”) today issued a press release announcing that on December 17, 2013, the Company’s Board of Directors declared a quarterly cash dividend of five cents ($0.05) per common share, payable February 7, 2014 to shareholders of record as of December 31, 2013. The press release announcing the dividend is attached hereto as Exhibit 99.1.
The amount of dividends, if any, that the Company pays to its stockholders is determined by the Company’s Board of Directors, at its discretion, and is dependent on a number of factors, including the Company’s financial position, results of operations, cash flows, capital requirements and restrictions under its credit agreements, and shall be in compliance with applicable law. The Company cannot guarantee the amount of dividends paid in the future, if any.

The Company is furnishing the information in this Current Report on Form 8-K to comply with Regulation FD. Such information shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such filing.
 
Item 8.01    Other Events

On December 17, 2013, the Board of Directors of the Company authorized the Company to increase its previously announced stock repurchase plan to $300 million. To date, approximately $65 million of the Company’s common shares have been purchased under the previously authorized plan, leaving approximately $235 million of authorized potential purchases. The remaining $235 million of the Company’s common shares may be purchased from time to time at the Company’s discretion, including quantity, timing and price thereof, and will be subject to market conditions. Such purchases will be structured as permitted by securities laws and other legal requirements.


Item 9.01 Financial Statements and Exhibits.

(d)     Exhibits.
    
Exhibit No.        Description
--------------         ---------------
99.1            Press Release dated December 19, 2013

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 19, 2013            LIONS GATE ENTERTAINMENT CORP.
(Registrant)


By:
/s/ Wayne Levin
Name: Wayne Levin
Title: General Counsel and Chief Strategic Officer