Current Report Filing (8-k)
February 26 2021 - 5:27PM
Edgar (US Regulatory)
0001411579
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0001411579
2021-02-23
2021-02-23
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 23, 2021
AMC
ENTERTAINMENT HOLDINGS, INC.
(Exact Name of Registrant as Specified
in Charter)
Delaware
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001-33892
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26-0303916
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(State
or Other Jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer Identification
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Incorporation)
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Number)
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One AMC Way
11500 Ash Street, Leawood, KS 66211
(Address of Principal Executive Offices,
including Zip Code)
(913) 213-2000
(Registrant’s Telephone Number, including
Area Code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Title
of each class
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Trading
Symbol
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Name
of each exchange on which registered
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Class A common stock
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AMC
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New York Stock Exchange
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 23, 2021,
the Compensation Committee of the Board of Directors (the “Committee”) of AMC Entertainment Holdings, Inc. (the “Company”),
in consultation with the Company’s independent compensation consultant, approved supplemental special incentive cash bonuses
(the “Bonuses”) in lieu of any payments under its 2020 Annual Incentive Plan (“AIP”). The Bonuses are in
addition to the initial special incentive bonuses awarded in October 2020, as disclosed in the Company’s Quarterly Report
on Form 10-Q filed with the SEC on November 4, 2020. The Bonuses were approved in order to recognize the extraordinary efforts
of employees to maintain the Company’s business and preserve stockholder value during the COVID-19 pandemic, encourage continued
engagement and retention, and incentivize our management and employees during the continuing and unprecedented difficult business
conditions.
The Bonuses will be paid to eligible Company employees, including
its NEOs, corporate associates, and theatre management from a total authorized pool of approximately $8.3 million. The Bonuses
approved for the Company’s NEOs are provided below:
NEO
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Bonus Amount
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Adam Aron
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$
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3,750,000
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Sean Goodman
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$
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507,500
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John McDonald
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$
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194,550
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Elizabeth Frank
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$
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180,650
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Stephen Colanero
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$
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173,875
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Item 8.01 Other Information
On February 24, 2021, the AMC Entertainment Holdings, Inc. (the
“Company”) Board of Directors scheduled the Company’s 2021 annual meeting of stockholders (the “2021 Annual
Meeting”) for May 4, 2021 at 2:00 p.m. Central Time at the Company’s Theatre Support Center located at One AMC Way,
11500 Ash Street, Leawood, Kansas 66211. The record date for the 2021 Annual Meeting will be March 11, 2021. The Company’s
2020 Annual Meeting was delayed from a normal May date until July 29, 2020 because of the Covid-19 pandemic. As disclosed in the
proxy statement for the 2020 Annual Meeting, the Company is returning to a normal annual meeting schedule.
In the proxy statement for the 2020 Annual Meeting, the
Company stated that because the date of the 2021 Annual Meeting was expected to change
by more than 30 days from the anniversary date of the 2020 Annual Meeting, the Company disclosed a deadline for
submission of stockholder proposals for inclusion in the proxy materials for the 2021 Annual Meeting (the "2021
Proxy") pursuant to Rule 14a-8 under the Exchange Act ("Rule 14a-8"). The Company informed stockholders
that to be considered for inclusion in the 2021 Proxy, stockholder proposals submitted under Rule 14a-8 must be in
writing and received by the Corporate Secretary at the Company's principal offices at One AMC Way, 11500 Ash Street,
Leawood, Kansas 66211, no later than 5:00 pm Central Time on December 31, 2020, which the Company determined
to be a reasonable time before it expects to begin to print and send the 2021 Proxy.
In addition, because the date of the 2021 Annual Meeting
is more than 30 days before the anniversary date of the 2020 Annual Meeting, in
accordance with the advance notice provisions set forth in the Company's Bylaws, in order for a stockholder proposal
submitted outside of Rule 14a-8 or a director nomination submitted by a stockholder to be considered timely, it must be
received no earlier than 60 days prior to such annual meeting and not later than the close of business on the later of
the 30th day prior to such annual meeting or the 10th day following the public announcement
of the meeting date. Accordingly, in order for a stockholder proposal to be submitted outside of Rule 14a-8 of the
Exchange Act or a director nomination submitted by a stockholder to be considered timely for the 2021 Annual Meeting, it must
be received by the Corporate Secretary not earlier than March 5, 2021 and not later than April 4, 2021.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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AMC ENTERTAINMENT HOLDINGS, INC.
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Date: February 26, 2021
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By:
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/s/ Sean D. Goodman
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Name: Sean D. Goodman
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Title: Executive Vice President and Chief Financial Officer
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