Other Information
+Added: (a) On May 5, 2022, Live Nation entered into an employment agreement with Brian Capo effective as of January 1, 2022 (the “Capo Agreement”) to serve as Live Nation’s Chief Accounting Officer.
+Added: The term of the Capo Agreement ends on December 31, 2026.
+Added: After that date, unless earlier terminated, Mr.
+Added: Capo’s employment with Live Nation will be on an at-will basis.
+Added: Capo’s existing employment agreement was extinguished upon execution of the Capo Agreement.
+Added: Under the Capo Agreement, Mr.
+Added: Capo will receive a base salary of $425,000 per year, and will be eligible to receive annual salary increases at the discretion of the Compensation Committee.
+Added: Capo is eligible to receive an annual cash performance bonus with a target equal to 50% of his base salary, with such bonus based 50% on Live Nation achieving its adjusted operating income target for the applicable year, and 50% on the achievement of specific performance targets to be established annually.
+Added: Capo is terminated by Live Nation without cause or Mr.
+Added: Capo terminates his employment for good reason, subject to Mr.
+Added: Capo’s execution of a general release of claims, he will receive a cash payment equal to nine months of his base salary.
+Added: The Capo Agreement also contains customary non-disclosure, non-solicitation and non-disparagement provisions.
+Added: The description of the Capo Agreement set forth above is qualified in its entirety by the Capo Agreement attached as Exhibit 10.1 to this Quarterly Report on Form 10-Q and incorporated herein by reference.
Exhibit Description Incorporated by Reference Filed
Form File No.
−Removed: 2.1 Stock Purchase Agreement dated July 24, 2019, by and among Corporación Interamericana de Entretenimiento, S.A.B.
−Removed: as Seller, Ticketmaster New Ventures, S.
−Removed: as Purchaser, Live Nation Entertainment, Inc.
−Removed: as joint obligor of Purchaser, and OCESA Entretenimiento, S.A.
−Removed: 10-Q 001-32601 2.1 10/31/2019
−Removed: 2.2 First Amendment to the Stock Purchase Agreement dated September 13, 2021, by and among Corporación Interamericana de Entretenimiento, S.A.B.
−Removed: as Seller, Ticketmaster New Ventures, S.
−Removed: as Purchaser, Live Nation Entertainment, Inc.
−Removed: as j oint o bligor of Purchaser , and OCESA Entretenimiento, S.A.
−Removed: 2.3 Stock Purchase Agreement dated July 24, 2019, by and among Grupo Televisa, S.A.B.
−Removed: and Promo-Industrias Metropolitanas, S.A.de R.L.
−Removed: de C.V., the Sellers, Ticketmaster New Ventures, S.
−Removed: and Ticketmaster New Ventures Holdings, Inc., the Purchasers, Live Nation Entertainment, Inc.
−Removed: as joint obligor of Purchasers, and OCESA Entretenimiento, S.A.
−Removed: 10-Q 001-32601 2.2 10/31/2019
−Removed: 2.4 F i rst Amendment to the Stock Purchase Agreement dated September 13, 2021, by and among Grupo Televisa, S.A.B.
−Removed: and Promo-Industrias Metropolitanas, S.A.
−Removed: the Sellers, Ticketmaster New Ventures, S.
−Removed: and Ticketmaster New Ventures Holdings, Inc.
−Removed: the Purchasers, Live Nation Entertainment, Inc.
−Removed: as j oint o bligor of Purchasers , and OCESA Entretenimiento, S.A.
+Added: Employment Agreement, effective January 1, 2022, between Live Nation Worldwide, Inc.
+Added: and Brian Capo.
31.1 Certification of Chief Executive Officer.
9 unchanged sentences
104 Cover Page Interactive Data File (Formatted as Inline XBRL and contained in Exhibit 101) X
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on November 4, 2021.
+Added: § Management contract or compensatory plan or arrangement.
+Added: Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on May 5, 2022.
LIVE NATION ENTERTAINMENT, INC.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.