Paramount Skydance Shareholders Unanimously Elect Ten Directors and Approve Auditor via Written Consent on July 20, 2026

Unanimous Election of Full Board Slate

The ten directors elected to Paramount Skydance’s board include David Ellison, Andrew Brandon-Gordon, Barbara M. Byrne, Andrew Campion, Gerald Cardinale, Safra A. Catz, Justin G. Hamill, Sherry Lansing, Paul Marinelli, and John L. Thornton. Their terms commenced on July 21, 2026, and will continue until the next annual stockholder election or until successors are duly elected and qualified. The election was conducted by holders of 31,500,087 shares of Class A Common Stock, representing 100.0% of the company’s voting power.

This unanimous shareholder endorsement highlights strong alignment between ownership and board composition. Utilizing written consent allowed shareholders to approve governance matters without a formal meeting, reflecting the company’s multi-class capital structure common in media enterprises.

Auditor Ratification Ensures Financial Oversight

Alongside the board election, shareholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2026. As one of the "Big Four" accounting firms, PwC operates under the Public Company Accounting Oversight Board’s regulatory framework, providing assurance over the company’s financial reporting and audit processes.

This ratification underscores Paramount Skydance’s commitment to transparent financial oversight. The disclosure does not indicate any changes to the audit committee or concerns regarding prior auditors.

Paramount Skydance’s Media Operations and Corporate Structure

Paramount Skydance Corporation is a leading media and entertainment company engaged in film and television production, streaming services, and content distribution. Revenue streams include theatrical releases, licensing, subscription streaming, and advertising. The company’s multi-class share structure, specifically involving Class A Common Stock holders in this action, reflects typical governance frameworks in the sector.

Headquartered at 1515 Broadway, New York, Paramount Skydance operates within a global entertainment hub. Its governance involves a diverse board of directors with expertise spanning entertainment, finance, and corporate oversight.

Written Consent as an Efficient Governance Tool

The use of written consent enabled shareholders to conduct the board election and auditor ratification without convening a physical or virtual meeting. This approach expedites shareholder actions when near-unanimous support exists. The participation of all 31,500,087 Class A shares, representing total voting power, illustrates coordinated shareholder engagement.

Written consent procedures offer operational flexibility for companies with complex governance needs, and in this case, indicate routine governance rather than contentious issues.

Director Responsibilities and Effective Date

The ten directors officially took office on July 21, 2026, immediately assuming fiduciary duties including strategic oversight, financial performance monitoring, risk management, and regulatory compliance. They will serve until the subsequent annual election or until successors qualify.

The board’s composition balances company-affiliated and independent directors, supporting diverse perspectives in governance.

Shareholder Voting Power and Participation

The full participation of 31,500,087 Class A shares, representing 100% of voting power, suggests concentrated ownership or coordinated voting agreements. Paramount Skydance’s dual-class capital structure, involving Class A and Class B Common Stock, is typical in media companies where founders or controlling shareholders maintain enhanced voting rights.

This complete voting participation contrasts with typical public company elections, where many shares often remain unvoted.

Board Composition and Industry Expertise

The board includes executives with backgrounds in entertainment, technology, finance, and governance. David Ellison provides entertainment industry expertise, while Safra A. Catz and John L. Thornton bring significant financial and leadership experience. Sherry Lansing adds extensive entertainment credentials. Other directors—Barbara M. Byrne, Andrew Campion, Gerald Cardinale, Justin G. Hamill, Andrew Brandon-Gordon, and Paul Marinelli—contribute diverse professional skills.

While specific biographical details and committee assignments are not provided here, investors can refer to the company’s proxy statements or annual reports for comprehensive director information.

Financial Reporting and Compliance Framework

PricewaterhouseCoopers LLP’s ratification confirms its role in auditing Paramount Skydance’s financial statements and internal controls, adhering to standards set by the Public Company Accounting Oversight Board and the American Institute of Certified Public Accountants. This ensures accurate and reliable financial disclosures.

As a NASDAQ-listed company, Paramount Skydance complies with SEC regulations requiring independent audits and timely financial reporting. No restatements or audit scope changes were noted in the disclosure.

Regulatory Status and Securities Information

Paramount Skydance’s Class B Common Stock trades on NASDAQ under the ticker PSKY. The company is not classified as an emerging growth company under SEC rules, indicating it meets asset and revenue thresholds for full compliance with NASDAQ and SEC standards.

The disclosure was signed by Chief Legal Officer Makan Delrahim on July 23, 2026. The company’s principal executive offices are located in New York City. SEC filings and financial data are accessible via the SEC EDGAR system using the company’s Commission File Number and IRS Employer Identification Number.

Investor Impact and Governance Outlook

The board election and auditor ratification are routine governance measures affirming shareholder confidence in Paramount Skydance’s leadership and financial oversight. Investors typically assess board turnover, director independence, and governance policies as indicators of company stability. No significant changes to board composition or governance policies were reported.

The unanimous shareholder approval and swift governance actions suggest operational continuity for fiscal year 2026. Investors should review upcoming proxy statements and annual reports for details on director compensation, committee roles, and governance practices. Paramount Skydance’s financial results, content strategy, and competitive position remain key drivers of shareholder value beyond governance considerations.