Dade Hayes Finance EditorJon Feltheimer has renewed his contract as CEO of Lionsgate further into 2023 than his previous deal, with the company’s board now having the option to extend him for up to two more years beyond that.The new deal for the longtime media executive, who has run Lionsgate since 2000, expires August 21.
When he signed an extension in 2016, it had carried the expiration date of May 22, 2023. The company’s board now has the ability to extend him either one year, to August 2024, or two years, to August 2025.When the board met last week to approve the extension, according to an SEC filing, it also granted Feltheimer two million of the company’s Class B non-voting shares.
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