Lionsgate Names Steve Beeks President Of Motion Picture Group

The longtime Lionsgate exec also will hold on to his title as Co-COO. The new contract provides Beeks with a $900,000 annual base salary, 50,000 “time-vesting restricted share units,” 150,000 “performance-vesting restricted share units,” 125,000 “time-vesting options to purchase shares of the Company’s common stock,” 375,000 “performance-vesting options to purchase shares of the Company’s common stock,” plus an annual bonus targeted at half his base salary, the company tells the SEC this morning. Here’s Lionsgate’s announcement:

SANTA MONICA, CA, and VANCOUVER, BC, March 9, 2012 — Steve Beeks, a 14-year veteran of Lionsgate  (NYSE: LGF), has signed a new longterm agreement to continue serving as Lionsgate’s Co-Chief Operating Officer, and he has been named to the additional position of President of Lionsgate’s Motion Picture Group, the  Company announced today as part of the ongoing integration of Lionsgate and Summit Entertainment. In his capacity as Co-Chief Operating Officer, Beeks will continue to report to Lionsgate Chief Executive Officer Jon Feltheimer. He will report to Lionsgate Motion Picture Group Co-Chairs Rob Friedman and Patrick Wachsberger in his role as President of the Motion Picture Group. (more…)

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