8-KLeadership ChangesExhibits & Filings

Fox Corp 8-K Report, Executive Changes (Jun 11, 2026)

Filed June 11, 2026For Securities:FOXAFOX

Summary

Fox Corporation (FOXA) has announced significant amendments to the employment and compensation arrangements for its top two executives: Executive Chair and CEO Lachlan K. Murdoch and CFO Steven Tomsic. These amendments, effective June 11, 2026, and with changes to compensation components beginning July 1, 2026, aim to retain key leadership through an extended term ending June 30, 2030. The company's Compensation Committee and Board of Directors have approved these changes, underscoring their commitment to the current leadership's strategic direction. For Mr. Murdoch, the extension solidifies his leadership role for the next four years, accompanied by a substantial increase in his target annual bonus to $9 million and target annual equity award to $20 million. Mr. Tomsic's employment is also extended to the same date, with an increase in his base salary to $2 million, a revised target annual bonus structure reaching up to $3.5 million by 2028, and a target annual equity award of $4 million. Investors should note Mr. Murdoch's recusal from discussions and votes concerning his own arrangements, a standard governance practice.

Key Highlights

  • 1Employment of Executive Chair and CEO Lachlan K. Murdoch extended through June 30, 2030.
  • 2Mr. Murdoch's target annual bonus increased to $9,000,000 and target annual equity award to $20,000,000, effective July 1, 2026.
  • 3Employment of CFO Steven Tomsic extended through June 30, 2030.
  • 4Mr. Tomsic's base salary increased to $2,000,000 per annum, effective July 1, 2026.
  • 5Mr. Tomsic's target annual bonus increased to $3,000,000 effective July 1, 2026, with a further increase to $3,500,000 effective July 1, 2028.
  • 6Mr. Tomsic's target annual equity award increased to $4,000,000, effective July 1, 2026.
  • 7Mr. Murdoch recused himself from all discussions and votes regarding his employment term extension and compensation adjustments.

Frequently Asked Questions

This filing announces the extension of employment agreements and adjustments to compensation for two key executives at Fox Corporation: Executive Chair and CEO Lachlan K. Murdoch and CFO Steven Tomsic. The amendments are designed to retain this leadership through June 30, 2030.

Mr. Murdoch's target annual bonus will increase to $9 million and his target annual equity award to $20 million, both effective July 1, 2026. Mr. Tomsic will see his base salary rise to $2 million, his target annual bonus increase to $3 million (eventually reaching $3.5 million in 2028), and his target annual equity award to $4 million, all effective July 1, 2026.

Yes, the filing notes that Mr. Lachlan K. Murdoch recused himself from all discussions and votes pertaining to his own employment term extension and compensation adjustments. This is a standard governance practice to ensure impartiality in executive compensation decisions.

Extending the terms of the CEO and CFO through 2030 signals a commitment to leadership stability and continuity in strategy execution. This provides investors with confidence in the long-term vision and operational management of Fox Corporation under their continued guidance.