Lionsgate Extends CEO Jon Feltheimer’s Contract to 2031

Lionsgate has extended its CEO's contract for another two years through July 31, 2031. The CEO's base salary remains at $1.5 million, and he will be granted stock options at between $17 and $22 per-share as part of a management incentive package. The company's stock closed at $10.66 on Wednesday, down 4 percent on the day, but had reached a 52-week high of $11.40 last week.