Starz Entertainment Corp. signed a two-year employment agreement with Jason Wyrick, extending his tenure as Executive Vice President, Technology through September 30, 2028. The contract, dated October 1, 2026, sets Wyrick's annual base salary at $735,000 and establishes an annual bonus opportunity equal to 90% of that base amount.
The agreement was entered into by Starz Entertainment, LLC, a wholly owned subsidiary of Starz Entertainment Corp., which is incorporated in British Columbia, Canada. Wyrick has held the EVP Technology title since April 2021. The initial term of the contract runs for two years but includes a provision for a one-year extension to September 30, 2029, subject to notification by the company.
Under the terms disclosed in the Form 8-K filing, Wyrick is eligible for annual equity awards with a target grant date value of 50% of his base salary. The Compensation & Talent Committee of the Board of Directors determines the specific mix of equity instruments, which may include time-based restricted share units, performance-based restricted share units, or stock options. Time-based awards generally vest ratably over three years, while performance-based awards vest based on goals set by the committee and the Chief Executive Officer.
Severance provisions in the agreement provide that if Wyrick experiences a qualifying termination during the term, he will receive cash severance equal to 18 months of his base salary and COBRA premium payments for up to 18 months. In the event of a change in control followed by a qualifying termination within six months, certain unvested equity awards scheduled to vest within 12 months of termination will accelerate.
The contract also includes standard restrictive covenants, such as confidentiality obligations and a 12-month non-solicitation clause regarding company employees. Jim Kapenstein, the Chief Legal and Strategy Officer, signed the report on behalf of the company on October 6, 2026.