Form 8-K · Current report
Live Nation Entertainment 8-K, filed Oct 2, 2026
- Filed
- CIK
- 0001335258
- Accession no.
- 0001335258-26-000041
Summary
Live Nation Entertainment and its President and CEO Michael Rapino entered into an amended and restated employment agreement on September 30, 2026, effective October 1, 2026 and running through December 31, 2031, under which he continues as CEO and a board member. The agreement keeps his $3,000,000 base salary and $17,000,000 target annual cash bonus, adds annual time-based and performance equity grants beginning in 2027 plus a $20,000,000 upfront RSU grant, and provides severance and change-of-control terms.
Key points
- The agreement runs from October 1, 2026 through December 31, 2031, and the Board approved it unanimously with Rapino abstaining.
- Rapino's $3,000,000 base salary and $17,000,000 target annual cash performance bonus are unchanged from his prior agreement.
- On the effective date Rapino receives an upfront restricted stock unit grant valued at $20,000,000, vesting 40%/20%/20%/10%/10% over five years.
- Termination without cause or for good reason entitles him to a lump-sum cash payment of two times salary plus most recent bonus and vesting of all unvested equity.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 30, 2026, Live Nation Entertainment, Inc. (the “Company”) and Michael Rapino entered into an amended and restated employment agreement (the “Employment Agreement”), pursuant to which Mr. Rapino will continue to serve as President and Chief Executive Officer and as a member of the Board of Directors (the “Board”) of the Company. The term of the Employment Agreement is effective as of October 1, 2026 (the “Effective Date”), and ends on December 31, 2031. The Employment Agreement amends, restates, and supersedes Mr. …
An excerpt of the text as filed with the SEC, cut for length.
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