Company: FOX
Filing Date: 2025-02-10
Form Type: 8-K
Source: 0001193125-25-023219
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Company: Fox Corp
Filing Date: 2025-02-10
Form: 8-K
Item: Item 5.02
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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 Form10-Qfor the quarter ending March 31, 2025 to be filed with the U. S. Securities and Exchange Commission.