Lionsgate Studios (LION) Proxy filing summary

Executive summary

• Achieved highest adjusted OIBDA in 12 years and three consecutive quarters of $1B+ library revenue in fiscal 2026.

• Completed separation from Starz, creating two standalone public companies and simplifying capital structure.

• Motion Picture Group delivered major box office successes, including Michael ($1B+), and expanded branded IP pipeline.

• Television Group secured renewals for 12 of 13 scripted series and launched award-winning new shows.

• Advanced AI strategy, digital storytelling, and live experiences to drive future growth.

Voting matters and shareholder proposals

• Election of eleven directors for a one-year term.

• Re-appointment of Ernst & Young LLP as independent auditor for fiscal year ending March 31, 2027.

• Advisory vote to approve executive compensation (say-on-pay).

• Advisory vote on frequency of future say-on-pay votes, with Board recommending annual votes.

• Board recommends voting FOR all proposals and nominees.

Board of directors and corporate governance

• Board consists of 11 directors, 91% independent, with diverse skills in media, finance, and governance.

• Separate Chair (independent) and CEO roles; strong focus on independent oversight.

• Committees: Audit & Risk, Compensation, Nominating and Corporate Governance, Transaction; all comprised of independent directors.

• Annual board and committee evaluations, ongoing refreshment, and no formal term limits.

• Shareholder communications policy and code of conduct in place.