Starz Entertainment (STRZ) Proxy Filing summary

Executive summary

• Board approved a recommendation to collapse the dual-class share structure into a single class, offering a 12% per share exchange premium to Class A voting shareholders relative to Class B non-voting shareholders.

• The share structure change is linked to the proposed separation of the Studio Business and Starz, with details to be included in a forthcoming proxy/registration statement.

• Forward-looking statements highlight potential benefits, risks, and uncertainties related to the separation and share structure changes.

Voting matters and shareholder proposals

• Shareholders will be asked to vote on the proposed collapse of the dual-class share structure and the separation of the Studio Business and Starz.

• The proxy statement for the transaction will be filed with the SEC and sent to shareholders for consideration.

Board of directors and corporate governance

• The Board's decision followed a Special Committee recommendation, emphasizing alignment with shareholder interests.

• Directors, executive officers, and employees may participate in the proxy solicitation for the proposed separation.