UPDATE, 7:00 AM: CEO Jeff Katzenberg tells staffers this morning that Anne Globe “has made the decision to leave DreamWorks Animation to start her own consulting business.” He praised her “unmatched dedication, drive and expertise” marketing DWA films, TV series, and theatrical productions and forging relationships with companies including McDonald’s, Intel, Hewlett Packard, Nickelodeon, and General Mills. “On a personal note, Anne, you’ve been a talented and creative executive, partner and friend to me. Your grace and strength are only outshined by your generosity and professionalism. You’re a class act and I hold you in the highest regard. I hope to continue our friendship for many years to come.” (See his full note below.)

PREVIOUS, 6:14 AM: The Chief Marketing Officer “has decided to leave the Company” today, DreamWorks Animation disclosed in an SEC filing this morning. The company reported the financial terms of Anne Globe’s separation which include her becoming fully vested in her restricted stock — although other equity-based and long-term incentive awards “have been canceled.” She’ll also receive a lump-sum payment equal to the base salary that she would have received through January 1, 2014. No word about the reasons for the separation. It follows the lackluster opening of DWA’s Turbo, which  CEO Jeffrey Katzenberg said last week will  “fall short of our expectations” even though he expects it to be profitable. The company also announced this morning that it will sell $300M in senior notes due 2020 that it will use to pay off some existing debt, and for corporate purposes which it says “may include acquisitions and repurchases of the Company’s common stock.”

Here’s Katzenberg’s note:

Elated
1 year
If you honestly think that the best movie DWA has made to date was given the chance...
Toothless
1 year
....and not to mention nearly 500M worldwide....
David
1 year
HTTYD made over 200 million here. What an unnecessary jab.

Dear colleagues:

After 17 years with the studio, and an incredible run, Anne Globe has made the decision to leave DreamWorks Animation to start her own consulting business. I am sure I speak for all of us when I say we wish Anne the very best in her new endeavors and will miss her dearly.

Anne held many senior positions at this company, most recently as CMO, and graced our studio with unmatched dedication, drive and expertise, as well as helped position DreamWorks as an internationally recognized creator of family entertainment. She shepherded the marketing of our feature films, television series, Broadway and theatrical productions, public relations efforts and awards campaigns. She introduced the world to a now iconic kung fu fighting panda, invited them to experience the thrill of training a dragon and started an AfroCircus craze around the globe when our Madagascar gang took to the big top. Beyond Anne and her team’s amazing work to engage the public with our content, she successfully fostered relationships with many innovative partners, such as McDonald’s, Intel, Hewlett Packard, Nickelodeon, and General Mills, just to name a few. Simply put, without Anne, our company would not be where it is today.

On a personal note, Anne, you’ve been a talented and creative executive, partner and friend to me. Your grace and strength are only outshined by your generosity and professionalism. You’re a class act and I hold you in the highest regard. I hope to continue our friendship for many years to come.

Jeffrey