SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Securities Exchange Act of 1934
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The Madison Square Garden Company
Two Pennsylvania Plaza
New York, NY 10121
SUPPLEMENT TO THE PROXY STATEMENT
FOR THE 2017 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON DECEMBER 15, 2017
The following information supplements and amends the proxy statement, dated October 27, 2017 (the Proxy Statement), of The Madison Square Garden Company (the Company) furnished to stockholders of the Company in connection with the 2017 Annual Meeting of Stockholders and for any adjournment or postponement thereof (the Annual Meeting). This supplement to the Proxy Statement (this Supplement) is being filed with the Securities and Exchange Commission (the SEC) on November 14, 2017.
THE PROXY STATEMENT CONTAINS IMPORTANT ADDITIONAL INFORMATION AND THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT.
On November 13, 2017, Mr. James L. Dolan, the Executive Chairman of the Company, replaced Mr. David J. OConnor as Chief Executive Officer of the Company. Mr. Dolan will act as interim Chief Executive Officer and will continue to serve as Executive Chairman.
In connection with the termination of Mr. OConnors employment with the Company and subject to the parties entering into a separation agreement, Mr. OConnor will become entitled to the immediate vesting of the special one-time award of restricted stock units (RSUs) he received in 2015 to compensate him for equity in his former employer that he gave up when he joined MSG Networks. Those RSUs were converted into an award of 207,285 RSUs of the Company in connection with the 2015 spin-off of the Company from MSG Networks. Mr. OConnor will forfeit the remainder of his unvested awards consisting of 120,314 RSUs. He will not be entitled to any additional payments as a result of the termination of his employment.
Reference is made to the following sections of the Proxy Statement: Executive Compensation Tables Employment Agreements David OConnor; Outstanding Equity Awards at June 30, 2017; and Termination and Severance.