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- 19.38% Opposition to Executive Compensation (new) — Elevated say-on-pay opposition suggests shareholder concerns about executive pay practices.
Lionsgate Studios shareholders elect all 11 directors, approve executive pay with 80% support
Filed March 18, 2026 · Period ending March 17, 2026 · ~1 min read
Key Changes
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Advisory vote on executive compensation passed with 80.19% support (43.9M votes against), representing elevated opposition that may warrant board review of compensation practices.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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All eleven director nominees elected with support ranging from 79.88% (Michael T. Fries, 45.5M votes against) to 99.78% (Steven Mnuchin, 504K votes against).
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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Ernst & Young LLP reappointed as independent auditor for fiscal 2026 with 99.63% support.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
Summary
Lionsgate Studios held its 2026 annual meeting on March 17 with strong shareholder participation (90.92% of shares represented). All eleven directors were elected, though support varied: Steven Mnuchin received the highest approval at 99.78%, while Michael T. Fries saw the lowest at 79.88% with 45.5 million votes against.
The advisory vote on executive compensation passed with 80.19% support, but the 19.38% opposition (43.9 million votes against) represents elevated shareholder concern about pay practices. For retail holders, the say-on-pay result warrants attention.
While the vote passed, nearly one in five voting shareholders opposed the compensation structure—a level that typically prompts boards to review their practices and engage with concerned investors. The director elections were more routine, with all nominees securing comfortable majorities. Watch for any board response to the compensation vote in upcoming proxy disclosures or investor communications.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Lionsgate Studios held its 2026 annual meeting; shareholders elected all 11 directors, reappointed Ernst & Young, and approved executive compensation.
Added in current filing · view on EDGAR →
| Gordon Crawford | 205,656,717 | 20,693,744 | 90.86% |
| Jon Feltheimer | 212,098,474 | 14,251,987 | 93.70% |
| Emily Fine | 195,339,739 | 31,010,722 | 86.30% |
Michael T. Fries
180,809,528 | 45,540,933 | 79.88%
John D. Harkey, Jr.
205,442,205 | 20,908,256 | 90.76% | Susan McCaw | 205,550,947 | 20,799,514 | 90.81% | Steven Mnuchin | 225,846,556 | 503,905 | 99.78% | Yvette Ostolaza | 203,942,675 | 22,407,786 | 90.10%
Mark H. Rachesky, M.D.
192,087,630 | 34,262,831 | 84.86% | Richard Rosenblatt | 203,972,267 | 22,378,194 | 90.11%
Harry E. Sloan
200,497,754 | 25,852,707 | 88.58%
All eleven director nominees were elected. Support ranged from 79.88% to 99.78% of votes cast. Steven Mnuchin received the highest support at 99.78%, while Michael T. Fries received the lowest at 79.88%. With 90.92% of shares represented at the meeting, director support ranged from approximately 73% to 91% of shares outstanding.
Added in current filing · verify on EDGAR →
Advisory Vote to Approve Executive Compensation | 181,517,544 | 43,857,685 | 975,232 | 80.19%
The advisory vote on executive compensation passed with 80.19% of votes cast in favor, 19.38% against, and 0.43% abstaining. With 90.92% of shares represented, this represents approximately 62.6% support of shares outstanding. The 19.38% opposition level is elevated and may warrant board attention to compensation practices.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
Re-Appointment of Ernst & Young LLP | 262,890,005 | 971,214 99.63%
Shareholders reappointed Ernst & Young LLP as independent auditor for fiscal year ending March 31, 2026, with 99.63% support of votes cast. This represents approximately 90.6% of shares outstanding based on the disclosed meeting attendance.
Added in current filing · verify on EDGAR →
At the Annual Meeting, 90.92% of the Company’s Common Shares (the “Common Shares”) entitled to vote at the Annual Meeting were represented in person or by proxy.
Shareholder participation was strong, with 90.92% of eligible shares represented at the annual meeting held March 17, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify