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One AMC Way
11500 Ash Street, Leawood, KS 66211 |
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By Order of the Board of Directors,
Senior Vice President, General Counsel and Secretary
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2023 ANNUAL MEETING OF STOCKHOLDERS
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Time and Date:
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| | 1:00 p.m. (Central Time), November 8, 2023 | | |
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Place:
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| | AMC Theatre Support Center, located at One AMC Way, 11500 Ash Street, Leawood, Kansas 66211 | | |
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Record Date:
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| | September 25, 2023 | | |
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Voting:
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| | As of the record date, holders of our Class A common stock are entitled to one vote per share. | | |
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Agenda Item
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Board Vote
Recommendation |
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Proposal 1:
Amendment of our Third Amended and Restated Certificate of Incorporation (our “Certificate of Incorporation”) to declassify our Board of Directors, shorten all existing terms to expire at the Annual Meeting, and make certain other immaterial changes to the Certificate of Incorporation |
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FOR
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Proposal 2(a):
If Proposal 1 is approved, to elect to our Board of Directors the following nominees for terms expiring at the 2024 Annual Meeting: |
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FOR
Each Director
Nominee |
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Mr. Adam M. Aron
Mr. Philip Lader Ms. Keri S. Putnam |
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Ms. Denise M. Clark
Mr. Gary F. Locke Dr. Anthony J. Saich |
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Mr. Howard W. “Hawk” Koch
Ms. Kathleen M. Pawlus Mr. Adam J. Sussman |
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Proposal 2(b):
If Proposal 1 is not approved, to elect to our Board of Directors the following nominees for terms expiring at the 2026 Annual Meeting: |
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FOR
Each Director
Nominee |
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Ms. Denise M. Clark
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| | | | | Ms. Keri S. Putnam | | ||||||
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Proposal 3:
Amendment of our Certificate of Incorporation to eliminate the prohibition against stockholders acting by written consent |
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FOR
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Proposal 4:
Amendment of our Certificate of Incorporation to remove the limitation on stockholders’ ability to call special meetings |
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FOR
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Proposal 5:
Amendment of our Certificate of Incorporation to expand the exculpation provision to limit the liability of certain officers |
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FOR
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Proposal 6:
Ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for 2023 |
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FOR
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1
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Agenda Item
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Board Vote
Recommendation |
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Proposal 7:
Non-binding advisory vote to approve the compensation of named executive officers (“Say-On-Pay”) |
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FOR
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Proposal 8:
Adjournment of the Annual Meeting, if necessary, to permit further solicitation of proxies |
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FOR
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22
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23
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Board Member
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Audit(1)
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Compensation
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Nominating and
Corporate Governance |
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Adam M. Aron | | | | | | | | | | |
Denise M. Clark
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Member
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Member
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Howard W. “Hawk” Koch, Jr.
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Member
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Member
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Philip Lader
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Member
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Member
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Gary F. Locke
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Member
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Chairperson
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Kathleen M. Pawlus
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Chairperson
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Member
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Keri S. Putnam
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Member
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Member
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Adam J. Sussman
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Member
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Member
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Anthony J. Saich
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Member
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Chairperson
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Meetings Held in 2022
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6
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4
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4
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24
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25
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26
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Board Member
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Gender Identity
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Race/Ethnicity
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Other Disclosed
Characteristics |
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Adam M. Aron
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Male
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White
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Jewish
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Denise M. Clark
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Female
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White
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LGBTQ+ / Veteran
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Howard W. “Hawk” Koch, Jr.
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Male
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White
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Jewish
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Philip Lader
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Male
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White
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Episcopalian
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Gary F. Locke
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Male
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Asian
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Kathleen M. Pawlus
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Female
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White
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Keri S. Putnam
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Female
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White
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Anthony J. Saich
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Male
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White
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Dual UK Nationality
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27
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28
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Committee
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Chairperson
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Member
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Audit | | | | $ | 35,000 | | | | | $ | 17,500 | | |
Compensation | | | | | 25,000 | | | | | | 15,000 | | |
Nominating and Corporate Governance | | | | | 20,000 | | | | | | 10,000 | | |
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29
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Name
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Fees Earned or
Paid in Cash(1) |
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Stock
Awards(2) |
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Total
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Denise M. Clark(3)
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| | | $ | — | | | | | $ | — | | | | | $ | — | | |
Howard W. “Hawk” Koch, Jr.
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| | | | 150,000 | | | | | | 117,037 | | | | | | 267,037 | | |
Philip Lader(4)
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| | | | 260,000 | | | | | | 117,037 | | | | | | 377,037 | | |
Gary F. Locke
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| | | | 150,000 | | | | | | 117,037 | | | | | | 267,037 | | |
Kathleen M. Pawlus
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| | | | 185,000 | | | | | | 117,037 | | | | | | 302,037 | | |
Keri S. Putnam(3)
|
| | | | — | | | | | | — | | | | | | — | | |
Anthony J. Saich
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| | | | 187,500 | | | | | | 117,037 | | | | | | 304,537 | | |
Adam J. Sussman(4)
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| | | | 200,000 | | | | | | 117,037 | | | | | | 317,037 | | |
Lee E. Wittlinger(5)
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| | | | 202,500 | | | | | | 117,037 | | | | | | 319,537 | | |
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30
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NAME
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Common Stock
Number |
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%
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5% Beneficial Owners: None | | | | | | | | | | | | | |
Directors, Director Nominees and Named Executive Officers: | | | | | | | | | | | | | |
Adam M. Aron | | | | | 366,336 | | | | | | * | | |
Sean D. Goodman | | | | | 28,285 | | | | | | * | | |
Daniel E. Ellis | | | | | 18,305 | | | | | | * | | |
Elizabeth F. Frank | | | | | 22,018 | | | | | | * | | |
Kevin M. Connor | | | | | 17,314 | | | | | | * | | |
Denise M. Clark | | | | | 2,990 | | | | | | * | | |
Howard W. “Hawk” Koch., Jr. | | | | | 4,180 | | | | | | * | | |
Philip Lader | | | | | 7,724 | | | | | | * | | |
Gary F. Locke | | | | | 7,725 | | | | | | * | | |
Kathleen M. Pawlus | | | | | 7,725 | | | | | | * | | |
Keri S. Putnam | | | | | 2,990 | | | | | | * | | |
Anthony J. Saich | | | | | 7,725 | | | | | | * | | |
Adam J. Sussman | | | | | 7,725 | | | | | | * | | |
All directors and executive officers as a group (16 persons)(1) | | | | | 557,483 | | | | | | * | | |
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33
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34
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35
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36
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Type of Fee
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Year Ended
December 31, 2022 |
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Year Ended
December 31, 2021 |
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Audit Fees(1) | | | | $ | 4,118,290 | | | | | $ | 4,040,351 | | |
Audit-Related Fees(2) | | | | | 851,946 | | | | | | 484,688 | | |
Tax Fees(3) | | | | | 433,339 | | | | | | 634,974 | | |
Total | | | | | 5,403,575 | | | | | | 5,160,013 | | |
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37
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38
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39
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What We Heard From Stockholders
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Actions Taken
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| Concern Regarding the Lack of Diversity on the Board of Directors. | | | |
•
The Board appointed two new female directors to fill open seats, bringing female representation to one-third of the Board.
•
The Nominating and Corporate Governance Committee of the Board adopted a Policy on Director Candidate Diversity to ensure consideration of diverse candidates for open Board seats.
•
Additional disclosure was included in this Proxy Statement regarding Directors’ self-identification of diverse characteristics.
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| Concern with the classified structure of the Board. | | | |
•
The Board has proposed and recommended an amendment to our Certificate of Incorporation to declassify the Board and elect all directors on an annual basis.
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| Concerns with restrictions on stockholders’ ability to take certain actions. | | | |
•
The Board has proposed and recommended an amendment to our Certificate of Incorporation to remove the prohibition on stockholders acting by written consent.
•
The Board has approved Bylaws setting forth the procedures for stockholders to act by written consent subject to stockholder approval to remove the prohibition from the Certificate of Incorporation.
•
The Board has proposed and recommended an amendment to our Certificate of Incorporation to remove the prohibition on stockholders’ ability to call special meetings.
•
The Board has approved Bylaws setting forth the procedures for stockholders representing twenty percent of the Company’s voting power to call a special meeting subject to stockholder approval to remove the prohibition from the Certificate of Incorporation.
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| Concerns Regarding Executive Compensation | | | |
•
The Compensation Committee froze CEO base salary and bonus opportunity in 2022 and all components of CEO compensation in 2023.
•
The Compensation Committee froze the base salary and bonus opportunity of all NEOs in 2023.
•
The Compensation Committee shifted the executive compensation pay mix back toward equity components to align with stockholders.
•
The Compensation Committee returned to historical methodology for calculating equity grants.
•
The Compensation Committee adjusted the compensation peer group for 2023 to include additional peers utilized by proxy advisory firms.
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40
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| | | |
| | Explanatory Note: Effective August 24, 2023, the Company implemented a one-for-ten reverse stock split on the Common Stock (the “Reverse Split”) and effective August 25, 2023, the Company’s outstanding APE securities were converted into shares of Common Stock with each APE being converted into one-tenth of a share of Common Stock (the “APE Conversion”). Each APE was a depositary share representing an interest in one one-hundredth (1/100th) of a share of the Company’s Series A Convertible Participating Preferred Stock and was designed to have the same economic and voting rights as a share of the Company’s Common Stock. Each APE was automatically convertible into Common Stock upon an approval by the Company’s stockholders to authorize sufficient additional shares of Common Stock to permit the conversion of the then-outstanding APEs. | | |
| | Since neither the Reverse Split nor the APE Conversion had occurred prior to the end of our 2022 fiscal year, which is the period covered by this CD&A and the tables that follow, references to the number of shares of Common Stock and APEs included in our executive compensation disclosures have not been adjusted to reflect the impact of these events. | | |
Name
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Position
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Adam M. Aron
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| | Chairman, Chief Executive Officer, President, and Director | |
Sean D. Goodman
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| | Executive Vice President, Chief Financial Officer, and Treasurer | |
Daniel E. Ellis
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| | Executive Vice President, Chief Operations and Development Officer | |
Elizabeth F. Frank
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Executive Vice President, Worldwide Programming and Chief Content Officer
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Kevin M. Connor
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| | Senior Vice President, General Counsel and Secretary | |
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41
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43
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CEO Target Pay Mix
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Average Other NEO Target Pay Mix
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46
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Executive
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2022 Base
Salary |
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2021 Base
Salary |
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% Increase /
(Decrease) |
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Adam M. Aron
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| | | $ | 1,500,000 | | | | | $ | 1,500,000 | | | | | | 0% | | |
Sean D. Goodman
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| | | | 800,000 | | | | | | 800,000 | | | | | | 0% | | |
Daniel E. Ellis(1)
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| | | | 595,000 | | | | | | 545,000 | | | | | | 9.2% | | |
Elizabeth F. Frank
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| | | | 595,000 | | | | | | 575,000 | | | | | | 3.5% | | |
Kevin M. Connor(1)
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| | | | 561,350 | | | | | | 545,000 | | | | | | 3.0% | | |
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47
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Domestic Component
|
| | ||||||||||||
| | Industry Box Office* | | | |
$7.0 billion
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$9.0 billion
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$11.0 billion
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| | Adj EBITDA Component | | | |
($186.8 million)
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$129.6 million
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$419.6 million
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International Component
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| | Industry Attendance* | | | |
341.3 million
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438.8 million
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536.3 million
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| | Adj EBITDA Component | | | |
($93.9 million)
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$58.6 million
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$211.0 million
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| | Consolidated Adjusted EBITDA Target | | | |
($280.8 million)
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$188.2 million
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$630.6 million
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48
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Opportunity
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Actual
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Executive
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2022 Base
Salary |
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Target
(as % of base salary) |
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Target
($) |
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Allocation
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Achievement
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2022
Earned AIP |
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Company
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Individual
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Company
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Individual
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Adam M. Aron
|
| | | $ | 1,500,000 | | | | | | 200% | | | | | $ | 3,000,000 | | | | | | 100% | | | | | | —% | | | | | | 200% | | | | | | —% | | | | | $ | 6,000,000 | | |
Sean D. Goodman
|
| | | | 800,000 | | | | | | 100% | | | | | | 800,000 | | | | | | 100% | | | | | | —% | | | | | | 200% | | | | | | —% | | | | | | 1,600,000 | | |
Daniel E. Ellis
|
| | | | 595,000 | | | | | | 65% | | | | | | 386,750 | | | | | | 80% | | | | | | 20% | | | | | | 200% | | | | | | 100% | | | | | | 696,150 | | |
Elizabeth F. Frank
|
| | | | 595,000 | | | | | | 65% | | | | | | 386,750 | | | | | | 80% | | | | | | 20% | | | | | | 200% | | | | | | 100% | | | | | | 696,150 | | |
Kevin M. Connor
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| | | | 561,350 | | | | | | 65% | | | | | | 364,900 | | | | | | 80% | | | | | | 20% | | | | | | 200% | | | | | | 100% | | | | | | 656,800 | | |
Vesting Date
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| |
Retention Bonus Payable
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March 17, 2022 | | | | $ | 450,000 | | |
March 17, 2023 | | | | | 450,000 | | |
March 17, 2024 | | | | | 900,000 | | |
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49
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Executive
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2022 RSUs
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2022 PSUs
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Total
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Adam M. Aron
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| | | | 269,122 | | | | | | 269,122 | | | | | | 538,244 | | |
Sean D. Goodman
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| | | | 56,658 | | | | | | 56,658 | | | | | | 113,316 | | |
Daniel E. Ellis
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| | | | 25,496 | | | | | | 25,496 | | | | | | 50,992 | | |
Elizabeth F. Frank
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| | | | 25,496 | | | | | | 25,496 | | | | | | 50,992 | | |
Kevin M. Connor
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| | | | 19,831 | | | | | | 19,831 | | | | | | 39,662 | | |
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50
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2022 PSUs Tranche I
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2021 PSUs Tranche II
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2020 PSUs Tranche III
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Adj EBITDA
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FCF
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Adj EBITDA
|
| |
FCF
|
| |
Adj EBITDA
|
| |
FCF
|
| ||||||||||||||||||
Adam M. Aron
|
| | | | 53,824 | | | | | | 35,882 | | | | | | 189,873 | | | | | | 126,582 | | | | | | 88,802 | | | | | | 59,202 | | |
Sean D. Goodman
|
| | | | 11,331 | | | | | | 7,554 | | | | | | 40,506 | | | | | | 27,003 | | | | | | 18,140 | | | | | | 12,094 | | |
Daniel E. Ellis
|
| | | | 5,099 | | | | | | 3,399 | | | | | | 16,455 | | | | | | 10,970 | | | | | | 8,580 | | | | | | 5,719 | | |
Elizabeth F. Frank
|
| | | | 5,099 | | | | | | 3,399 | | | | | | 20,886 | | | | | | 13,923 | | | | | | 11,085 | | | | | | 7,390 | | |
Kevin M. Connor
|
| | | | 3,966 | | | | | | 2,643 | | | | | | 16,455 | | | | | | 10,970 | | | | | | 8,517 | | | | | | 5,678 | | |
Metric
|
| |
2022 Tranche Year Performance Goals
|
| |||||||||||||||
| | |
Threshold
|
| |
Target
|
| |
Maximum
|
| |||||||||
Adjusted EBITDA(1) | | | | $ | 150,560,000 | | | | | $ | 188,200,000 | | | | | $ | 225,840,000 | | |
FCF(1) | | | | | (884,640,000) | | | | | | (737,200,000) | | | | | | (589,760,000) | | |
Potential Vesting Level
|
| | | | 50% | | | | | | 100% | | | | | | 200% | | |
| | | |
|
| |
51
|
|
|
52
|
| |
|
| | | |
|
AMC Networks Inc.
Bloomin’ Brands, Inc. Brinker International, Inc. Carnival Corporation Cinemark Holdings Inc. Darden Restaurants, Inc |
| |
Discovery, Inc.
Hilton Worldwide Holdings, Inc. Hyatt Hotels Corporation IMAX Corporation Lions Gate Entertainment Corp Live Nation Entertainment, Inc. |
| |
Marriott International, Inc.
Norwegian Cruise Line Holdings, Ltd. Royal Caribbean Cruises, Ltd. Sinclair Broadcast Group, Inc. TEGNA, Inc Wyndham Hotels & Resorts, Inc. |
|
| | | |
|
| |
53
|
|
Position
|
| |
Ownership Guideline
|
|
CEO | | |
8x base salary
|
|
CFO | | |
6x base salary
|
|
Executive Vice Presidents | | |
4x base salary
|
|
Senior Vice Presidents | | |
2x base salary
|
|
|
54
|
| |
|
| | | |
| | | |
|
| |
55
|
|
Name and Principal Position
|
| |
Year
|
| |
Salary
|
| |
Bonus
|
| |
Stock
Awards(1) |
| |
Non-Equity
Incentive Plan Compensation(2) |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings(3)(4) |
| |
All Other
Compensation(5) |
| |
Total
|
| ||||||||||||||||||||||||
Adam M. Aron
|
| | | | 2022 | | | | | $ | 1,500,000 | | | | | $ | — | | | | | $ | 16,194,055 | | | | | $ | 6,000,000 | | | | | $ | — | | | | | $ | 22,106 | | | | | $ | 23,716,161 | | |
Chairman, Chief Executive
|
| | | | 2021 | | | | | | 1,451,923 | | | | | | — | | | | | | 11,436,117 | | | | | | 6,000,000 | | | | | | — | | | | | | 21,506 | | | | | | 18,909,546 | | |
Officer, President and
|
| | | | 2020 | | | | | | 1,106,491 | | | | | | 5,000,000 | | | | | | 14,798,988 | | | | | | — | | | | | | — | | | | | | 21,306 | | | | | | 20,926,785 | | |
Director
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Sean D. Goodman(6)
|
| | | | 2022 | | | | | | 800,000 | | | | | | 450,000 | | | | | | 3,408,536 | | | | | | 1,600,000 | | | | | | — | | | | | | 15,554 | | | | | | 6,274,090 | | |
Executive Vice President,
|
| | | | 2021 | | | | | | 785,577 | | | | | | — | | | | | | 2,312,071 | | | | | | 1,600,000 | | | | | | — | | | | | | 14,954 | | | | | | 4,712,602 | | |
Chief Financial Officer, and
|
| | | | 2020 | | | | | | 622,981 | | | | | | 761,250 | | | | | | 2,861,150 | | | | | | — | | | | | | — | | | | | | 3,225 | | | | | | 4,248,606 | | |
Treasurer
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Daniel E. Ellis(7)
|
| | | | 2022 | | | | | | 585,385 | | | | | | — | | | | | | 1,489,373 | | | | | | 696,150 | | | | | | — | | | | | | 13,569 | | | | | | 2,784,477 | | |
Executive Vice President
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Chief Operations and
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Development Officer
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Elizabeth F. Frank
|
| | | | 2022 | | | | | | 591,154 | | | | | | — | | | | | | 1,716,758 | | | | | | 696,150 | | | | | | — | | | | | | 13,652 | | | | | | 3,017,714 | | |
Executive Vice President,
|
| | | | 2021 | | | | | | 571,323 | | | | | | — | | | | | | 1,286,963 | | | | | | 672,750 | | | | | | 408,473 | | | | | | 12,922 | | | | | | 2,952,430 | | |
Worldwide Programming
|
| | | | 2020 | | | | | | 492,061 | | | | | | 361,300 | | | | | | 1,984,724 | | | | | | — | | | | | | 238,992 | | | | | | 12,797 | | | | | | 3,089,874 | | |
and Chief Content Officer
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Kevin M. Connor(7)
|
| | | | 2022 | | | | | | 558,206 | | | | | | — | | | | | | 1,338,740 | | | | | | 656,800 | | | | | | — | | | | | | 16,128 | | | | | | 2,569,874 | | |
Senior Vice President,
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
General Counsel and
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Secretary
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
56
|
| |
|
| | | |
| | |
Probable
|
| |
Maximum
|
| ||||||
Adam M. Aron | | | | | | | | | | | | | |
EIP—2022 PSU
|
| | | $ | 1,764,517 | | | | | $ | 3,529,034 | | |
EIP—2021 PSU
|
| | | | 6,224,670 | | | | | | 12,449,340 | | |
EIP—2020 PSU
|
| | | | 2,911,239 | | | | | | 5,822,477 | | |
Sean D. Goodman | | | | | | | | | | | | | |
EIP—2022 PSU
|
| | | | 371,468 | | | | | | 742,936 | | |
EIP—2021 PSU
|
| | | | 1,327,902 | | | | | | 2,655,804 | | |
EIP—2020 PSU
|
| | | | 594,703 | | | | | | 1,189,406 | | |
Daniel E. Ellis | | | | | | | | | | | | | |
EIP—2022 PSU
|
| | | | 167,156 | | | | | | 334,311 | | |
EIP—2021 PSU
|
| | | | 539,450 | | | | | | 1,078,900 | | |
EIP—2020 PSU
|
| | | | 281,261 | | | | | | 562,523 | | |
Elizabeth F. Frank | | | | | | | | | | | | | |
EIP—2022 PSU
|
| | | | 167,156 | | | | | | 334,311 | | |
EIP—2021 PSU
|
| | | | 684,693 | | | | | | 1,369,386 | | |
EIP—2020 PSU
|
| | | | 363,403 | | | | | | 726,807 | | |
Kevin M. Connor | | | | | | | | | | | | | |
EIP—2022 PSU
|
| | | | 129,999 | | | | | | 259,998 | | |
EIP—2021 PSU
|
| | | | 539,450 | | | | | | 1,078,900 | | |
EIP—2020 PSU
|
| | | | 279,216 | | | | | | 558,431 | | |
| | | | | | | | |
Defined
Benefit Plan |
| |
Supplemental Executive
Retirement Plan |
| ||||||
Kevin M. Connor | | | | | 2022 | | | | | $ | (26,776) | | | | | $ | (11,848) | | |
| | |
Company Matching
Contributions to 401(k) Plan |
| |
Life
Insurance Premiums |
| |
Total
|
| |||||||||
Adam M. Aron | | | | $ | 12,200 | | | | | $ | 9,906 | | | | | $ | 22,106 | | |
Sean D. Goodman | | | | | 12,200 | | | | | | 3,354 | | | | | | 15,554 | | |
Daniel E. Ellis | | | | | 12,200 | | | | | | 1,369 | | | | | | 13,569 | | |
Elizabeth F. Frank | | | | | 12,200 | | | | | | 1,452 | | | | | | 13,652 | | |
Kevin M. Connor | | | | | 12,200 | | | | | | 3,928 | | | | | | 16,128 | | |
| | | |
|
| |
57
|
|
|
58
|
| |
|
| | | |
| | | |
|
| |
59
|
|
| | | | | | | | | | | | | | |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
Grant Date
Fair Value of Stock and Option Awards |
| ||||||||||||||||||||||||||||||||||||
Name
|
| |
Approval
Date |
| |
Grant
Date |
| |
Threshold
|
| |
Target
100% |
| |
Maximum
|
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| ||||||||||||||||||||||||||||||||||||
Adam M. Aron | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Company(1) | | | | | N/A | | | | | | N/A | | | | | $ | 1,500,000 | | | | | $ | 3,000,000 | | | | | $ | 6,000,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2022 RSU(3) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 269,122 | | | | | $ | 5,293,630 | | |
EIP—2022 PSU(4) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 44,853 | | | | | | 89,706 | | | | | | 179,412 | | | | | | | | | | | | 1,764,517 | | |
EIP—2021 PSU(5) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 158,228 | | | | | | 316,455 | | | | | | 632,910 | | | | | | | | | | | | 6,224,670 | | |
EIP—2020 PSU(6) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 74,002 | | | | | | 148,004 | | | | | | 296,008 | | | | | | | | | | | | 2,911,239 | | |
Sean D. Goodman | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Company(1) | | | | | N/A | | | | | | N/A | | | | | | 400,000 | | | | | | 800,000 | | | | | | 1,600,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2022 RSU(3) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 56,658 | | | | | | 1,114,463 | | |
EIP—2022 PSU(4) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 9,443 | | | | | | 18,885 | | | | | | 37,770 | | | | | | | | | | | | 371,468 | | |
EIP—2021 PSU(5) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 33,755 | | | | | | 67,509 | | | | | | 135,018 | | | | | | | | | | | | 1,327,902 | | |
EIP—2020 PSU(6) | | | | | 2/16/22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 15,117 | | | | | | 30,234 | | | | | | 60,468 | | | | | | | | | | | | 594,703 | | |
Daniel E. Ellis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Company(1) | | | | | N/A | | | | | | N/A | | | | | | 154,700 | | | | | | 309,400 | | | | | | 618,800 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Individual(2) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 77,350 | | | | | | N/A | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2022 RSU(3) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 25,496 | | | | | | 501,506 | | |
EIP—2022 PSU(4) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 4,249 | | | | | | 8,498 | | | | | | 16,996 | | | | | | | | | | | | 167,156 | | |
EIP—2021 PSU(5) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 13,713 | | | | | | 27,425 | | | | | | 54,850 | | | | | | | | | | | | 539,450 | | |
EIP—2020 PSU(6) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 7,150 | | | | | | 14,299 | | | | | | 28,598 | | | | | | | | | | | | 281,261 | | |
Elizabeth F. Frank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Company(1) | | | | | N/A | | | | | | N/A | | | | | | 154,700 | | | | | | 309,400 | | | | | | 618,800 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Individual(2) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 77,350 | | | | | | N/A | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2022 RSU(3) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 25,496 | | | | | | 501,506 | | |
EIP—2022 PSU(4) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 4,249 | | | | | | 8,498 | | | | | | 16,996 | | | | | | | | | | | | 167,156 | | |
EIP—2021 PSU(5) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 17,405 | | | | | | 34,809 | | | | | | 69,618 | | | | | | | | | | | | 684,693 | | |
EIP—2020 PSU(6) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 9,238 | | | | | | 18,475 | | | | | | 36,950 | | | | | | | | | | | | 363,403 | | |
Kevin M. Connor | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Company(1) | | | | | N/A | | | | | | N/A | | | | | | 145,950 | | | | | | 291,900 | | | | | | 583,800 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
AIP—Individual(2) | | | | | N/A | | | | | | N/A | | | | | | N/A | | | | | | 73,000 | | | | | | N/A | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2022 RSU(3) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 19,831 | | | | | | 390,076 | | |
EIP—2022 PSU(4) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 3,305 | | | | | | 6,609 | | | | | | 13,218 | | | | | | | | | | | | 129,999 | | |
EIP—2021 PSU(5) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 13,713 | | | | | | 27,425 | | | | | | 54,850 | | | | | | | | | | | | 539,450 | | |
EIP—2020 PSU(6) | | | | | 2/16/22 | | | | | | 3/2/22 | | | | | | | | | | | | | | | | | | | | | | | | 7,098 | | | | | | 14,195 | | | | | | 28,390 | | | | | | | | | | | | 279,216 | | |
|
60
|
| |
|
| | | |
| | | |
|
| |
61
|
|
| | | | | | | | | | | | | | |
Stock Awards
|
| |||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity Incentive Plan
Awards: |
| |||||||||
Name
|
| |
Grant Date
|
| |
Award
Type |
| |
Number of
Shares or Units of Stock That Have Not Vested (#)(1) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(2) |
| |
Number of
Unearned Shares, Units, or Other Rights That Have Not Vested (#)(1) |
| |
Market or
Payout Value of Shares, Units, or Other Rights That Have Not Vested ($)(2) |
| ||||||||||||||||||
Adam M. Aron | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2020 RSU—AMC(3) | | | | | 2/28/20 | | | | | | RSU | | | | | | 148,002 | | | | | $ | 602,368 | | | | | | — | | | | | $ | — | | |
EIP—2020 RSU—APE(4) | | | | | 8/19/22 | | | | | | RSU | | | | | | 148,002 | | | | | | 208,683 | | | | | | — | | | | | | — | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—AMC(5) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 44,401 | | | | | | 180,712 | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—APE(6) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 44,401 | | | | | | 62,605 | | |
EIP—2020 PSU—FCF—Tranche III—AMC(7) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 59,202 | | | | | | 240,952 | | |
EIP—2020 PSU—FCF—Tranche III—APE(8) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 59,202 | | | | | | 83,475 | | |
EIP—2021 RSU—AMC(9) | | | | | 2/23/21 | | | | | | RSU | | | | | | 632,913 | | | | | | 2,575,956 | | | | | | — | | | | | | — | | |
EIP—2021 RSU—APE(10) | | | | | 8/19/22 | | | | | | RSU | | | | | | 632,913 | | | | | | 892,407 | | | | | | — | | | | | | — | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—AMC(11) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 94,937 | | | | | | 386,394 | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—APE(12) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 94,937 | | | | | | 133,861 | | |
EIP—2021 PSU—FCF—Tranche II—AMC(13) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 126,582 | | | | | | 515,189 | | |
EIP—2021 PSU—FCF—Tranche II—APE(14) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 126,582 | | | | | | 178,481 | | |
EIP—2022 RSU—AMC(15) | | | | | 3/2/22 | | | | | | RSU | | | | | | 269,122 | | | | | | 1,095,327 | | | | | | — | | | | | | — | | |
EIP—2022 RSU—APE(16) | | | | | 8/19/22 | | | | | | RSU | | | | | | 269,122 | | | | | | 379,462 | | | | | | — | | | | | | — | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—AMC(17) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 26,912 | | | | | | 109,532 | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—APE(18) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 26,912 | | | | | | 37,946 | | |
EIP—2022 PSU—FCF—Tranche I—AMC(19) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 35,882 | | | | | | 146,040 | | |
EIP—2022 PSU—FCF—Tranche I—APE(20) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 35,882 | | | | | | 50,594 | | |
Sean D. Goodman | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2020 RSU—AMC(3) | | | | | 2/28/20 | | | | | | RSU | | | | | | 30,232 | | | | | | 123,044 | | | | | | — | | | | | | — | | |
EIP—2020 RSU—APE(4) | | | | | 8/19/22 | | | | | | RSU | | | | | | 30,232 | | | | | | 42,627 | | | | | | — | | | | | | — | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—AMC(5) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 9,070 | | | | | | 36,915 | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—APE(6) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 9,070 | | | | | | 12,789 | | |
EIP—2020 PSU—FCF—Tranche III—AMC(7) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 12,094 | | | | | | 49,223 | | |
EIP—2020 PSU—FCF—Tranche III—APE(8) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 12,094 | | | | | | 17,053 | | |
EIP—2021 RSU—AMC(9) | | | | | 2/23/21 | | | | | | RSU | | | | | | 135,022 | | | | | | 549,540 | | | | | | — | | | | | | — | | |
EIP—2021 RSU—APE(10) | | | | | 8/19/22 | | | | | | RSU | | | | | | 135,022 | | | | | | 190,381 | | | | | | — | | | | | | — | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—AMC(11) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 20,253 | | | | | | 82,430 | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—APE(12) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 20,253 | | | | | | 28,557 | | |
EIP—2021 PSU—FCF—Tranche II—AMC(13) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 27,003 | | | | | | 109,902 | | |
EIP—2021 PSU—FCF—Tranche II—APE(14) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 27,003 | | | | | | 38,074 | | |
EIP—2022 RSU—AMC(15) | | | | | 3/2/22 | | | | | | RSU | | | | | | 56,658 | | | | | | 230,598 | | | | | | — | | | | | | — | | |
EIP—2022 RSU—APE(16) | | | | | 8/19/22 | | | | | | RSU | | | | | | 56,658 | | | | | | 79,888 | | | | | | — | | | | | | — | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—AMC(17) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,666 | | | | | | 23,061 | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—APE(18) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,666 | | | | | | 7,989 | | |
EIP—2022 PSU—FCF—Tranche I—AMC(19) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 7,554 | | | | | | 30,745 | | |
EIP—2022 PSU—FCF—Tranche I—APE(20) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 7,554 | | | | | | 10,651 | | |
|
62
|
| |
|
| | | |
| | | | | | | | | | | | | | |
Stock Awards
|
| |||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity Incentive Plan
Awards: |
| |||||||||
Name
|
| |
Grant Date
|
| |
Award
Type |
| |
Number of
Shares or Units of Stock That Have Not Vested (#)(1) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(2) |
| |
Number of
Unearned Shares, Units, or Other Rights That Have Not Vested (#)(1) |
| |
Market or
Payout Value of Shares, Units, or Other Rights That Have Not Vested ($)(2) |
| ||||||||||||||||||
Daniel E. Ellis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2020 RSU—AMC(3) | | | | | 2/28/20 | | | | | | RSU | | | | | | 14,297 | | | | | $ | 58,189 | | | | | | — | | | | | $ | — | | |
EIP—2020 RSU—APE(4) | | | | | 8/19/22 | | | | | | RSU | | | | | | 14,297 | | | | | | 20,159 | | | | | | — | | | | | | — | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—AMC(5) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 4,290 | | | | | | 17,460 | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—APE(6) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 4,290 | | | | | | 6,049 | | |
EIP—2020 PSU—FCF—Tranche III—AMC(7) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,719 | | | | | | 23,276 | | |
EIP—2020 PSU—FCF—Tranche III—APE(8) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,719 | | | | | | 8,064 | | |
EIP—2021 RSU—AMC(9) | | | | | 2/23/21 | | | | | | RSU | | | | | | 54,853 | | | | | | 223,252 | | | | | | — | | | | | | — | | |
EIP—2021 RSU—APE(10) | | | | | 8/19/22 | | | | | | RSU | | | | | | 54,853 | | | | | | 77,343 | | | | | | — | | | | | | — | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—AMC(11) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 8,228 | | | | | | 33,488 | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—APE(12) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 8,228 | | | | | | 11,601 | | |
EIP—2021 PSU—FCF—Tranche II—AMC(13) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 10,970 | | | | | | 44,648 | | |
EIP—2021 PSU—FCF—Tranche II—APE(14) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 10,970 | | | | | | 15,468 | | |
EIP—2022 RSU—AMC(15) | | | | | 3/2/22 | | | | | | RSU | | | | | | 25,496 | | | | | | 103,769 | | | | | | — | | | | | | — | | |
EIP—2022 RSU—APE(16) | | | | | 8/19/22 | | | | | | RSU | | | | | | 25,496 | | | | | | 35,949 | | | | | | — | | | | | | — | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—AMC(17) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 2,550 | | | | | | 10,379 | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—APE(18) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 2,550 | | | | | | 3,596 | | |
EIP—2022 PSU—FCF—Tranche I—AMC(19) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 3,399 | | | | | | 13,834 | | |
EIP—2022 PSU—FCF—Tranche I—APE(20) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 3,399 | | | | | | 4,793 | | |
Elizabeth F. Frank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2020 RSU—AMC(3) | | | | | 2/28/20 | | | | | | RSU | | | | | | 18,475 | | | | | | 75,193 | | | | | | — | | | | | | — | | |
EIP—2020 RSU—APE(4) | | | | | 8/19/22 | | | | | | RSU | | | | | | 18,475 | | | | | | 26,050 | | | | | | — | | | | | | — | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—AMC(5) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,543 | | | | | | 22,560 | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—APE(6) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,543 | | | | | | 7,816 | | |
EIP—2020 PSU—FCF—Tranche III—AMC(7) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 7,390 | | | | | | 30,077 | | |
EIP—2020 PSU—FCF—Tranche III—APE(8) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 7,390 | | | | | | 10,420 | | |
EIP—2021 RSU—AMC(9) | | | | | 2/23/21 | | | | | | RSU | | | | | | 69,621 | | | | | | 283,357 | | | | | | — | | | | | | — | | |
EIP—2021 RSU—APE(10) | | | | | 8/19/22 | | | | | | RSU | | | | | | 69,621 | | | | | | 98,166 | | | | | | — | | | | | | — | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—AMC(11) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 10,443 | | | | | | 42,503 | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—APE(12) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 10,443 | | | | | | 14,725 | | |
EIP—2021 PSU—FCF—Tranche II—AMC(13) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 13,923 | | | | | | 56,667 | | |
EIP—2021 PSU—FCF—Tranche II—APE(14) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 13,923 | | | | | | 19,631 | | |
EIP—2022 RSU—AMC(15) | | | | | 3/2/22 | | | | | | RSU | | | | | | 25,496 | | | | | | 103,769 | | | | | | — | | | | | | — | | |
EIP—2022 RSU—APE(16) | | | | | 8/19/22 | | | | | | RSU | | | | | | 25,496 | | | | | | 35,949 | | | | | | — | | | | | | — | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—AMC(17) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 2,550 | | | | | | 10,379 | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—APE(18) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 2,550 | | | | | | 3,596 | | |
EIP—2022 PSU—FCF—Tranche I—AMC(19) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 3,399 | | | | | | 13,834 | | |
EIP—2022 PSU—FCF—Tranche I—APE(20) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 3,399 | | | | | | 4,793 | | |
| | | |
|
| |
63
|
|
| | | | | | | | | | | | | | |
Stock Awards
|
| |||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Equity Incentive Plan
Awards: |
| |||||||||
Name
|
| |
Grant Date
|
| |
Award
Type |
| |
Number of
Shares or Units of Stock That Have Not Vested (#)(1) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(2) |
| |
Number of
Unearned Shares, Units, or Other Rights That Have Not Vested (#)(1) |
| |
Market or
Payout Value of Shares, Units, or Other Rights That Have Not Vested ($)(2) |
| ||||||||||||||||||
Kevin M. Connor | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
EIP—2020 RSU—AMC(3) | | | | | 2/28/20 | | | | | | RSU | | | | | | 14,193 | | | | | $ | 57,766 | | | | | | — | | | | | $ | — | | |
EIP—2020 RSU—APE(4) | | | | | 8/19/22 | | | | | | RSU | | | | | | 14,193 | | | | | | 20,012 | | | | | | — | | | | | | — | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—AMC(5) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 4,259 | | | | | | 17,334 | | |
EIP—2020 PSU—Adj. EBITDA—Tranche III—APE(6) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 4,259 | | | | | | 6,005 | | |
EIP—2020 PSU—FCF—Tranche III—AMC(7) | | | | | 2/28/20 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,678 | | | | | | 23,109 | | |
EIP—2020 PSU—FCF—Tranche III—APE(8) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 5,678 | | | | | | 8,006 | | |
EIP—2021 RSU—AMC(9) | | | | | 2/23/21 | | | | | | RSU | | | | | | 54,853 | | | | | | 223,252 | | | | | | — | | | | | | — | | |
EIP—2021 RSU—APE(10) | | | | | 8/19/22 | | | | | | RSU | | | | | | 54,853 | | | | | | 77,343 | | | | | | — | | | | | | — | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—AMC(11) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 8,228 | | | | | | 33,488 | | |
EIP—2021 PSU—Adj. EBITDA—Tranche II—APE(12) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 8,228 | | | | | | 11,601 | | |
EIP—2021 PSU—FCF—Tranche II—AMC(13) | | | | | 2/23/21 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 10,970 | | | | | | 44,648 | | |
EIP—2021 PSU—FCF—Tranche II—APE(14) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 10,970 | | | | | | 15,468 | | |
EIP—2022 RSU—AMC(15) | | | | | 3/2/22 | | | | | | RSU | | | | | | 19,831 | | | | | | 80,712 | | | | | | — | | | | | | — | | |
EIP—2022 RSU—APE(16) | | | | | 8/19/22 | | | | | | RSU | | | | | | 19,831 | | | | | | 27,962 | | | | | | — | | | | | | — | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—AMC(17) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 1,983 | | | | | | 8,071 | | |
EIP—2022 PSU—Adj. EBITDA—Tranche I—APE(18) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 1,983 | | | | | | 2,796 | | |
EIP—2022 PSU—FCF—Tranche I—AMC(19) | | | | | 3/2/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 2,643 | | | | | | 10,757 | | |
EIP—2022 PSU—FCF—Tranche I—APE(20) | | | | | 8/19/22 | | | | | | PSU | | | | | | — | | | | | | — | | | | | | 2,643 | | | | | | 3,727 | | |
|
64
|
| |
|
| | | |
| | | |
|
| |
65
|
|
|
66
|
| |
|
| | | |
Name
|
| |
Number of
Shares Acquired on Vesting (#)(1) |
| |
Value
Realized on Vesting ($) |
| ||||||
Adam M. Aron | | | | | | | | | | | | | |
EIP—RSU & PSU(2) | | | | | 767,518 | | | | | $ | 20,354,577 | | |
EIP—PSU(3) | | | | | 1,071,684 | | | | | | 20,297,695 | | |
Sean D. Goodman | | | | | | | | | | | | | |
EIP—RSU & PSU(2) | | | | | 124,945 | | | | | | 3,313,541 | | |
EIP—PSU(3) | | | | | 195,474 | | | | | | 3,702,278 | | |
EIP—RSU—AMC(4) | | | | | 33,334 | | | | | | 272,339 | | |
EIP—RSU—APE(5) | | | | | 33,334 | | | | | | 32,667 | | |
Daniel E. Ellis | | | | | | | | | | | | | |
EIP—RSU & PSU(2) | | | | | 70,897 | | | | | | 1,880,188 | | |
EIP—PSU(3) | | | | | 97,152 | | | | | | 1,840,059 | | |
Elizabeth F. Frank | | | | | | | | | | | | | |
EIP—RSU & PSU(2) | | | | | 92,333 | | | | | | 2,448,671 | | |
EIP—PSU(3) | | | | | 125,414 | | | | | | 2,375,341 | | |
Kevin M. Connor | | | | | | | | | | | | | |
EIP—RSU & PSU(2) | | | | | 72,058 | | | | | | 1,910,978 | | |
EIP—PSU(3) | | | | | 98,086 | | | | | | 1,857,749 | | |
Name
|
| |
Plan Name
|
| |
Number of
Years Credited Service(#)(1) |
| |
Present Value
of Accumulated Benefit($)(2) |
| ||||||
Adam M. Aron | | |
—
|
| | | | — | | | | | $ | — | | |
Sean D. Goodman | | |
—
|
| | | | — | | | | | | — | | |
Daniel E. Ellis | | |
—
|
| | | | — | | | | | | — | | |
Elizabeth F. Frank | | |
—
|
| | | | — | | | | | | — | | |
Kevin M. Connor | | |
Defined Benefit Retirement Income Plan
|
| | | | 4 | | | | | | 74,886 | | |
| | |
Supplemental Executive Retirement Plan
|
| | | | 4 | | | | | | 32,241 | | |
| | | |
|
| |
67
|
|
|
68
|
| |
|
| | | |
Name
|
| |
Executive
Contributions in last FY(1) |
| |
Aggregate
Earnings in Last FY(2) |
| |
Aggregate
Withdrawals/ Distributions |
| |
Aggregate
Balance at Last FYE |
| ||||||||||||
Adam M. Aron | | | | | | | | | | | | | | | | | | | | | | | | | |
NQDC(3)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Sean D. Goodman | | | | | | | | | | | | | | | | | | | | | | | | | |
NQDC(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Daniel E. Ellis | | | | | | | | | | | | | | | | | | | | | | | | | |
NQDC(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Elizabeth F. Frank | | | | | | | | | | | | | | | | | | | | | | | | | |
NQDC(3)
|
| | | | — | | | | | | (119,305) | | | | | | (2,150,145) | | | | | | — | | |
Kevin M. Connor | | | | | | | | | | | | | | | | | | | | | | | | | |
NQDC(3)
|
| | | | — | | | | | | (69,388) | | | | | | (945,814) | | | | | | — | | |
| | | |
|
| |
69
|
|
Name
|
| |
Termination
Following a Change of Control |
| |
Death or
Disability |
| |
Termination With
Good Reason by Employee |
| |
Termination
Without Cause by Company |
| |
Retirement
|
| |||||||||||||||
Adam M Aron | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Base Salary
|
| | | $ | 2,250,000 | | | | | $ | — | | | | | $ | 2,250,000 | | | | | $ | 2,250,000 | | | | | $ | — | | |
AIP
|
| | | | 4,500,000 | | | | | | — | | | | | | 4,500,000 | | | | | | 4,500,000 | | | | | | — | | |
Unvested Equity Awards
|
| | | | 11,508,416 | | | | | | — | | | | | | 6,000,000 | | | | | | 6,000,000 | | | | | | — | | |
Total
|
| | | | 18,258,416 | | | | | | — | | | | | | 12,750,000 | | | | | | 12,750,000 | | | | | | — | | |
Sean D. Goodman | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Base Salary
|
| | | | 800,000 | | | | | | — | | | | | | 800,000 | | | | | | 800,000 | | | | | | — | | |
AIP
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Unvested Equity Awards
|
| | | | 2,432,172 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 3,232,172 | | | | | | — | | | | | | 800,000 | | | | | | 800,000 | | | | | | — | | |
Daniel E. Ellis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Base Salary
|
| | | | 595,000 | | | | | | — | | | | | | 595,000 | | | | | | 595,000 | | | | | | — | | |
AIP
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Unvested Equity Awards
|
| | | | 1,037,337 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 1,632,337 | | | | | | — | | | | | | 595,000 | | | | | | 595,000 | | | | | | — | | |
Elizabeth F. Frank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Base Salary
|
| | | | 1,190,000 | | | | | | — | | | | | | 1,190,000 | | | | | | 1,190,000 | | | | | | — | | |
AIP
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Unvested Equity Awards
|
| | | | 1,244,974 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 2,434,974 | | | | | | — | | | | | | 1,190,000 | | | | | | 1,190,000 | | | | | | — | | |
Kevin M. Connor | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Base Salary
|
| | | | 1,122,700 | | | | | | 1,122,700 | | | | | | — | | | | | | 1,122,700 | | | | | | — | | |
AIP
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 364,900 | | |
Unvested Equity Awards
|
| | | | 974,108 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 2,096,808 | | | | | | 1,122,700 | | | | | | — | | | | | | 1,122,700 | | | | | | 364,900 | | |
|
70
|
| |
|
| | | |
| | | |
|
| |
71
|
|
Plan Category
|
| |
(a) Total Number of
Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights |
| |
(b) Weighted-average
Exercise Price of Outstanding Options, Warrants and Rights($) |
| |
(c) Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) |
| |||||||||
Equity compensation plans approved by security holders—AMC
|
| | | | — | | | | | | — | | | | | | 4,293,562 | | |
Equity compensation plans approved by security holders—APE
|
| | | | — | | | | | | — | | | | | | 4,293,562 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
|
72
|
| |
|
| | | |
| | | | | | | | | | | | | | | | | | | | | Average Compensation Actually Paid to Non-PEO NEOs(2) | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | ||||||||||||
Year(1) | | | Summary Compensation Table for PEO | | | Compensation Actually Paid to PEO(2) | | | Average Summary Compensation Table Total for Non-PEO NEOs | | | Total Shareholder Return(3) | | | Peer Group Total Shareholder Return(3) | | | Net Loss(4) (millions) | | | EBITDA (millions) | | |||||||||||||||||||||||||||
2022 | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | ( | | | | | $ | | | | | $ | | | | | $ | ( | | | | | $ | | | |||||
2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | | ||||||
2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | |
| | | |
|
| |
73
|
|
| | | 2022 | | | 2021 | | | 2020 | | |||||||||||||||||||||||||||
| | | PEO | | | Average Non-PEO NEOs | | | PEO | | | Average Non-PEO NEOs | | | PEO | | | Average Non-PEO NEOs | | ||||||||||||||||||
Total Reported in Summary Compensation Table (“SCT”) | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||
Less, Value of Stock Awards Reported in SCT | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | | | | | ( | | |
Less, Change in Pension Value in SCT | | | | | — | | | | | | — | | | | | | — | | | | | | ( | | | | | | — | | | | | | ( | | |
Plus, Pension Service Cost and Impact of Pension Plan Amendments | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Plus, Year-End Value of Current Year Awards that are Unvested and Outstanding | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding | | | | | ( | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | ( | | | ||
Plus, FMV at Vesting of Current Year Awards that Vested this Year | | | | | — | | | | | | | | | | | — | | | | | | — | | | | | | | | | | | | | |||
Plus, Change in Fair Value at Vesting of Prior Year Awards that Vested this Year | | | | | ( | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | ( | | | ||
Less, Prior Year Fair Value of Prior Year Awards that Forfeited this Year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | ( | | |
Plus, Value of Accrued Dividend Equivalents Paid Upon Vesting of Awards this Year | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Compensation Actually Paid | | | | | ( | | | | | | ( | | | | | | | | | | | | | | | | | | | | | | |
|
74
|
| |
|
| | | |
| | | |
|
| |
75
|
|
| Most Important Financial Performance Measures | |
| | |
| | |
|
76
|
| |
|
| | | |
| | | |
|
| |
77
|
|
|
78
|
| |
|
| | | |
| | | |
|
| |
79
|
|
|
80
|
| |
|
| | | |
| | | |
|
| |
81
|
|
Reconciliation of Adjusted EBITDA(1): (dollars in millions) (unaudited) |
| |
Year Ended
December 31, 2022 |
| |||
Net loss | | | | $ | (973.6) | | |
Plus: | | | | | | | |
Income tax provision(2)
|
| | | | 2.5 | | |
Interest expense
|
| | | | 378.7 | | |
Depreciation and amortization
|
| | | | 396.0 | | |
Impairment of long-lived assets(3)
|
| | | | 133.1 | | |
Certain operating expense(4)
|
| | | | 8.0 | | |
Equity in loss of non-consolidated entities
|
| | | | 1.6 | | |
Cash distributions from non-consolidated entities(5)
|
| | | | 6.6 | | |
Attributable EBITDA(6)
|
| | | | 0.4 | | |
Investment expense(7)
|
| | | | 14.9 | | |
Other expense(8)
|
| | | | 80.4 | | |
Other non-cash rent benefit(9)
|
| | | | (26.6) | | |
General and administrative expense—unallocated:
|
| | | | | | |
Merger, acquisition and other costs(10)
|
| | | | 2.1 | | |
Stock-based compensation expense(11)
|
| | | | 22.5 | | |
Adjusted EBITDA(1) | | | | $ | 46.6 | | |
| | | |
|
| |
A-1
|
|
Reconciliation of Attributable EBITDA (dollars in millions) (unaudited) |
| |
Year Ended
December 31, 2022 |
| |||
Equity in loss of non-consolidated entities | | | | $ | 1.6 | | |
Less: | | | | | | | |
Equity in (earnings) of non-consolidated entities excluding international theatre joint
ventures |
| | | | (5.4) | | |
Equity in (loss) of international theatre joint ventures
|
| | | | (7.0) | | |
Income tax expense
|
| | | | 0.1 | | |
Investment expense
|
| | | | 0.2 | | |
Interest expense
|
| | | | 0.1 | | |
Impairment of long-lived assets
|
| | | | 4.2 | | |
Depreciation and amortization
|
| | | | 2.8 | | |
Attributable EBITDA
|
| | | $ | 0.4 | | |
|
A-2
|
| |
|
| | | |
Reconciliation of Free Cash Flow(1) (dollars in millions) (unaudited) |
| |
Year Ended
December 31, 2022 |
| |||
Net cash used in operating activities | | | | $ | (628.5) | | |
Plus: total capital expenditures | | | | | (202.0) | | |
Free cash flow(1) | | | | $ | (830.5) | | |
Reconciliation of Capital Expenditures: | | | | | | | |
Capital expenditures | | | | | | | |
Growth capital expenditures(3) | | | | $ | 97.4 | | |
Maintenance capital expenditures(2) | | | | | 102.2 | | |
Change in construction payables(4) | | | | | 2.4 | | |
Total capital expenditures | | | | $ | 202.0 | | |
| | | |
|
| |
A-3
|
|
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|
| |
B-1
|
|
|
B-2
|
| |
|
| | | |
| | | |
|
| |
B-3
|
|
| | | |
|
| |
C-1
|
|
| | | |
|
| |
D-1
|
|
|
D-2
|
| |
|
| | | |
| | | |
|
| |
D-3
|
|
|
D-4
|
| |
|
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| | | |
|
| |
E-1
|
|
|
E-2
|
| |
|
| | | |