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    SEC Form 8-K filed by Fox Corporation

    2/10/25 8:39:48 AM ET
    $FOXA
    Broadcasting
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    8-K
    Fox Corp false 0001754301 0001754301 2025-02-07 2025-02-07 0001754301 us-gaap:CommonStockMember 2025-02-07 2025-02-07 0001754301 us-gaap:CommonClassBMember 2025-02-07 2025-02-07

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    PURSUANT TO SECTION 13 OR 15(d)

    OF THE SECURITIES EXCHANGE ACT OF 1934

    DATE OF REPORT

    (DATE OF EARLIEST EVENT REPORTED)

    February 7, 2025

     

     

    Fox Corporation

    (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

     

     

     

    Delaware   001-38776   83-1825597

    (STATE OR OTHER JURISDICTION

    OF INCORPORATION)

     

    (COMMISSION

    FILE NO.)

     

    (IRS EMPLOYER

    IDENTIFICATION NO.)

    1211 Avenue of the Americas, New York, New York 10036

    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)

    (212) 852-7000

    (REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of Each Class

     

    Trading

    Symbols

     

    Name of Each Exchange

    on Which Registered

    Class A Common Stock, par value $0.01 per share   FOXA   The Nasdaq Global Select Market
    Class B Common Stock, par value $0.01 per share   FOX   The Nasdaq Global Select Market

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


    Item 5.02.

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

    Amendment to Named Executive Officer Employment Arrangements

    On February 7, 2025, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Fox Corporation (the “Company”) and the Board each unanimously approved an extension of the term of the employment and compensatory arrangement with Mr. John P. Nallen through June 30, 2028. In addition, the Committee and the Board each unanimously approved (a) a title change, effective immediately, from Chief Operating Officer to President and Chief Operating Officer; (b) an increase, beginning July 1, 2025, in the target annual bonus and target annual equity award to $4,000,000 and $6,500,000, respectively; and (c) Mr. Nallen’s appointment as Special Advisor for a period of three years, which shall begin following the completion of Mr. Nallen’s term of employment, provided that Mr. Nallen is not terminated for cause or due to death or disability, and for which he shall be compensated $600,000 per year.

    The foregoing description of the amended and restated employment agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the amended and restated employment agreement, which will be filed as an exhibit to the Company’s Form 10-Q for the quarter ending March 31, 2025 to be filed with the U.S. Securities and Exchange Commission.

     

    Item 9.01.

    Financial Statements and Exhibits.

     

    (d)

    Exhibits

     

    Exhibit
    Number

      

    Description

    99.1    Press Release issued by Fox Corporation, dated February 10, 2025.
    104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


    SIGNATURES

    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 hereunto duly authorized.

     

    FOX CORPORATION
    By:  

    /s/ Adam G. Ciongoli

    Name:   Adam G. Ciongoli
    Title:   Chief Legal and Policy Officer

    February 10, 2025

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