On September 11, 2015, The Madison Square Garden Company announced that, effective on the Distribution date, the following executive officers of the company will, cease to serve as executive officers of company: David O'Connor (President and Chief Executive Officer), Donna Coleman (Interim Chief Financial Officer), Joseph F. Yospe (Senior Vice President, Controller and Principal Accounting Officer) and Robert J. Lynn (Senior Vice President, Treasury and Investor Relations). On September 11, 2015, the following directors of the company tendered their resignations as directors of the company effective as of the Distribution date: Charles P. Dolan, Kristin A. Dolan, Richard D. Parsons, Nelson Peltz, Scott M. Sperling, Alan D. Schwartz and Vincent Tese. The Board of Directors of the company will decrease the size of the Board of Directors to 12 directors effective as of the Distribution date.

The following individuals will be appointed to the Board of Directors of the company to fill the vacancies created by the resignations of Charles P. Dolan, Kristin A. Dolan, Alan D. Schwartz and Vincent Tese as directors elected by holders of the Class B Common Stock: William J. Bell, was a consultant to Cablevision Systems Corporation from 2005 to 2014. Paul J. Dolan is the Chairman and Chief Executive Officer of the Cleveland Indians Major League Baseball (MLB) team since 2010. Quentin F. Dolan is a student at New York University.

Mr. Dolan has held summer internship positions at Grubman Shire & Meiselas, P.C. and Azoff MSG Entertainment LLC. Quentin F. Dolan is the son of James L. Dolan, the grandson of Charles F. Dolan, the nephew of Thomas C. Dolan and Brian G. Sweeney, and the cousin of Paul J. Dolan. Hank J. Ratner is the Vice Chairman of Cablevision since December 2002.

The company entered into an employment agreement with Andrea Greenberg, which provides for Ms. Greenberg's employment as the President and Chief Executive Officer of the company effective as of the Distribution date. The company entered into an employment agreement with Bret Richter, which provides for Mr. Richter's employment as the Executive Vice President and Chief Financial Officer of the company effective as of the Distribution date.