Attached files
file | filename |
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10-K - FORM 10-K - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342e10vk.htm |
EX-21.1 - EX-21.1 - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342exv21w1.htm |
EX-23.1 - EX-23.1 - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342exv23w1.htm |
EX-99.1 - EX-99.1 - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342exv99w1.htm |
EX-32.1 - EX-32.1 - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342exv32w1.htm |
EX-23.2 - EX-23.2 - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342exv23w2.htm |
EX-31.1 - EX-31.1 - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342exv31w1.htm |
EX-31.2 - EX-31.2 - LIONS GATE ENTERTAINMENT CORP /CN/ | v56342exv31w2.htm |
Exhibit 10.7
Director Compensation Summary
The members of the Board of Directors (the Board) who are not also employees of Lionsgate (the
Non-Employee Directors) are entitled to receive an annual retainer of $40,000. Mr. G. Scott
Paterson, Chairman of the Audit Committee, is entitled to receive an additional annual retainer of
$15,000, and Mr. Arthur Evrensel, Chairman of the Compensation Committee, Mr. Morley Koffman,
Chairman of the Nominating and Corporate Governance Committee, and Mr. Harald Ludwig, Chairman of
the Strategic Advisory Committee, are each entitled to receive an additional annual retainer of
$10,000. Mr. Ludwig, the non-employee Co-Chairman of the Board, is also entitled to receive an
additional annual retainer of $52,000. In addition, each Non-Employee Director is entitled to
receive a fee of $1,400 for each meeting of the Board or any committee thereof that the director
attends in person or via teleconference. Moreover, each director that serves on the Special
Committee of the Board (the Special Committee), created in March 2009 and reconfirmed in February
2010, earns a fee of $10,000 per month and will receive a one-time fee of $10,000 (other than the
Chairman) for 2010. Additionally, Mr. Ludwig, as Chairman of the Special Committee, will receive an
additional one-time fee of $60,000 in 2010.
The retainers and fees for the Non-Employee Directors are paid, at the directors election, either
50% in cash and 50% in the form of Shares or 100% in the form of Lionsgate common shares (the
Shares), except that the additional annual retainer for Lionsgates non-employee Co-Chairman is
paid 50% in cash and 50% in the form of Shares. Retainers are generally paid in two installments
each year, with the number of Shares to be delivered in payment of any retainer to be determined by
dividing the dollar amount of the retainer to be paid in the form of Shares by the average closing
price of Shares for the last five business days prior to payment.
The Non-Employee Directors are also granted 12,500 restricted share units upon first being elected
or appointed to the Board and, effective as of September 9, 2008, an additional 12,500 restricted
share units after five years of service on the Board. The restricted share units vest in annual
installments over three years following the date of grant and are paid upon vesting in an
equivalent number of Shares. Lionsgate requires that Non-Employee Directors hold a minimum of
10,000 Shares. Pursuant to Lionsgates policies, directors are also reimbursed for reasonable
expenses incurred in the performance of their duties.