Corporate ActionOct 27, 2026, 04:26 PM
MSGS Spinco Renamed MSG Rangers Corp. Post-Distribution
AI Summary
MSGS Spinco, Inc. has officially changed its name to MSG Rangers Corp. following the completion of a distribution by MSG Knickerbockers Corp. This distribution involved all issued and outstanding shares of MSG Rangers Corp. being transferred to MSG Knickerbockers Corp. stockholders. In connection with these changes, new board committee members were appointed, including Alan D. Schwartz and Hans Vestberg to the Audit Committee, and Stephen C. Mills and Hans Vestberg to the Compensation Committee. Additionally, the company approved an Executive Deferred Compensation Plan and entered into employment agreements with key executives.
Key Highlights
- MSGS Spinco, Inc. renamed MSG Rangers Corp. following completion of distribution.
- MSG Knickerbockers Corp. distributed all shares of MSG Rangers Corp. to its stockholders.
- An aggregate of 9,794,568 shares of Class A and 2,264,754 shares of Class B common stock were distributed.
- Alan D. Schwartz and Hans Vestberg appointed to the Audit Committee; Schwartz named Chair.
- Stephen C. Mills and Hans Vestberg appointed to the Compensation Committee; Joseph M. Cohen named Chair.
- MSG Rangers Corp. approved the Executive Deferred Compensation Plan (EDCP) for certain employees.
- Employment agreements entered into with James L. Dolan, David Granville-Smith, Paul DiCicco, and Jamaal T. Lesane.
Price Impact