Appointment of Dennis Cinelli to Paramount Skydance Corporation Board

On September 12, 2025, Paramount Skydance Corporation announced the appointment of Dennis Cinelli to its Board of Directors. Mr. Cinelli was also appointed to the Audit Committee of the Board, effective immediately. Concurrently, Sherry Lansing stepped down from the Audit Committee. Mr. Cinelli is eligible to participate in the Company’s Non-Employee Director Compensation Program, which includes receiving a Pro-Rated Annual Award of 17,989 restricted stock units upon his appointment. He is also eligible for future Annual Awards if he continues to serve on the Board following the Company’s annual stockholder meetings. Mr. Cinelli has entered into the Company’s standard indemnification agreement for directors and officers.