Notice of Annual General and Special Meeting of Shareholders and Proxy Statement

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS AND PROXY STATEMENT TUESDAY,SEPTEMBER 11, 2018 LIONS GATE ENTERTAINMENT CORP. 250 Howe Street, 20th Floor Vancouver, British Columbia V6C 3R8 2700 Colorado Avenue Santa Monica, California 90404 NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS To Be Held September 11, 2018 To Our Shareholders: You are invited to attend the annual general and special meeting of the holders of Class A voting shares (the “Annual Meeting”) of Lions Gate Entertainment Corp. (“Lionsgate” or the “Company”), which will be held on Tuesday, September 11, 2018, beginning at 10:00 a.m., local time, at the Four Seasons Hotel Toronto, 60 Yorkville Avenue, Toronto, Ontario, M4W 0A4, Canada. At the Annual Meeting, shareholders will act on the following matters: 1. Elect 13 directors, each for a term of one year or until their respective successors are duly elected and qualified; 2. Re-appoint Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2019; 3. Conduct an advisory vote to approve executive compensation; 4. Transact such further and other business as may properly come before the meeting and any continuations, adjournments or postponements thereof. We are using the Securities and Exchange Commission rule that allows companies to furnish their proxy materials over the Internet. As a result, we are mailing to most of our shareholders a “Notice of Internet Availability of Proxy Materials” (the “Notice”) instead of a printed copy of the notice of Annual Meeting, proxy statement, proxy card or voting instruction form, and our Annual Report for the fiscal year ended March 31, 2018 (including the audited consolidated financial statements of the Company for the fiscal year ended March 31, 2018, together with the auditor’s report therein) (the “Meeting Materials”). The Notice contains instructions on how shareholders can access those documents over the Internet and vote their Class A voting shares. The Notice also contains instructions on how shareholders can receive a printed copy of the Meeting Materials. We believe this process will expedite shareholders’ receipt of the Meeting Materials, lower the costs of the Annual Meeting and conserve natural resources. We are also utilizing the “Notice and Access” rules adopted by the Canadian Securities Administrators pursuant to which the Company will post electronic copies of the Meeting Materials on the System for Electronic Document Analysis and Retrieval at www.sedar.com and also on our website at http://investors.lionsgate.com/financial-reports/annual-reports-and-proxy- statements, rather than mailing paper copies to all registered and Non-Registered Shareholders (as defined in this proxy statement). Shareholders of record at 5:00 p.m. (Eastern Standard Time) on July 20, 2018 are entitled to notice of and to vote at the Annual Meeting or any continuations, adjournments or postponements thereof. By Order of the Board of Directors, Jon Feltheimer Chief Executive Officer Santa Monica, California Vancouver, British Columbia July 27, 2018 In accordance with our security procedures, all persons attending the Annual Meeting will be required to present picture identification. TABLE OF CONTENTS Page EXECUTIVE SUMMARY ..................................................................................... i PROXY STATEMENT ........................................................................................ 1 ABOUT THE ANNUAL MEETING ............................................................................. 1 PROPOSAL 1: ELECTION OF DIRECTORS .................................................................... 8 PROPOSAL 2: RE-APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ............... 19 PROPOSAL 3: ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION .................................. 20 INFORMATION REGARDING THE BOARD OF DIRECTORS AND COMMITTEES OF THE BOARD OF DIRECTORS . 21 Board Leadership Structure ............................................................................ 21 Board Role in Risk Oversight ........................................................................... 21 Policy on Hedging ..................................................................................... 23 Role of The Board ..................................................................................... 23 Board Committees and Responsibilities ................................................................. 24 Shareholder Communications .......................................................................... 28 Codes of Conduct and Ethics ........................................................................... 29 Annual Director Evaluations ........................................................................... 29 Director Independence ................................................................................ 30 Director Compensation ............................................................................... 31 MANAGEMENT ............................................................................................. 34 Biographical Information .............................................................................. 34 Appointment of Executive Officers ..................................................................... 34 COMPENSATION DISCUSSION AND ANALYSIS .............................................................. 35 Named Executive Officers ............................................................................. 35 Executive Summary ................................................................................... 35 Shareholder Engagement .............................................................................. 40 Our 2017 Say-On-Pay Vote ............................................................................ 41 Key Features of Our Executive Compensation Program .................................................. 41 Program Objectives ................................................................................... 42 Compensation Practices ............................................................................... 42 Process for Determining Executive Compensation ....................................................... 43 Compensation Components ........................................................................... 45 Compensation Committee Report on Executive Compensation ........................................... 57 COMPANY’S COMPENSATION POLICIES AND RISK MANAGEMENT .......................................... 57 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION ................................. 57 EXECUTIVE COMPENSATION INFORMATION ............................................................... 58 Summary Compensation Table ......................................................................... 58 Description of Employment Agreements ................................................................ 60 Grants of Plan-Based Awards .......................................................................... 61 Outstanding Equity Awards ............................................................................ 67 Options Exercises and Stock Vested .................................................................... 69 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL .................................... 70 Estimated Severance and Change in Control Benefits .................................................... 73 Pay Ratio Disclosure .................................................................................. 74 EQUITY COMPENSATION PLAN INFORMATION ............................................................. 75 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ................................................. 76 SECURITY OWNERSHIP OF MANAGEMENT ................................................................. 78 SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE ........................................ 80 REPORT OF THE AUDIT & RISK COMMITTEE ................................................................. 80 STATEMENT OF CORPORATE GOVERNANCE PRACTICES .................................................... 81 Board of Directors .................................................................................... 81 Board Mandate ....................................................................................... 84 Orientation and Continuing Education .................................................................. 84 Ethical Business Conduct .............................................................................. 84 Nomination of Directors ............................................................................... 84 Compensation ........................................................................................ 85 Assessments .......................................................................................... 85 Term Limits ........................................................................................... 85 Considerations of the Representation of Women on the Board ........................................... 85 Executive Officer Diversity ............................................................................ 86 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS ................................................... 86 Review of Related Transactions ........................................................................ 86 Relationships and Transactions .......................................................................

Load more