sad news, my deep condolences to the family n close friends of @StonkVision he was a real one, OG #AMC APE, since the get, you’ll be missed FOCKER, we had so much fun on Space Calls with your silly theme effects, may God take care of your Soul RIP , bring peace to your familly 🙏
AMC Entertainment has successfully closed refinancing transactions that strengthen our Balance Sheet and position us to prosper from the current robust box office recovery.
Watch out world, we look to the future with optimism, momentum and confidence.
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In the FUD Busting Department, I keep reading on my X/Twitter feed many comments that I should buy more AMC shares to show my confidence in the Company. It happens to be against U.S. securities laws for me to do so right now. It is important that you understand these four points.
1. I currently own outright 975,310 AMC shares and at target vesting have an economic interest in 3,640,397 more AMC shares. So, over 4.6 million AMC shares in total. And more than any other individual AMC shareholder on the entire planet of whom I am aware. That already is a lot of confidence.
2. I have not sold even one AMC share in more than three years. I ride with you.
3. I lead AMC fully knowing that more than 2/3 of my total “target” compensation is in AMC stock rather than in cash. I am not “given” these shares. I work hard for these shares. If I did not value AMC stock, I could choose to work elsewhere, with more of my compensation coming in cash rather than in AMC stock.
4. And most importantly, for quite some time now, I personally have been in possession of what is known as MNPI (“material non-public information”). When that is the case, it is patently against U.S. law for a CEO,of a publicly traded company to buy its stock. Illegal. Period. No ifs, ands or buts.
As a large AMC shareholder, I too have felt the anguish caused by our falling share price in recent years. And therefore, I understand why you would be distraught if my salary was $23 million per year.
Except that it isn’t. Here are the facts.
As of March 2021, my salary was $1.5 million per annum. In each of the past four years, I voluntarily recommended to the AMC Board that I not take a raise in my salary. My salary today in March of 2025 is still $1.5 million per year.
I also am entitled to cash bonuses that are 100% formulaic, and based on the company’s operating performance. When you add together my cash salary and my cash bonuses, the total has been far less than one-third of my publicly reported total compensation.
The bulk of my total compensation is in AMC stock. We report the amounts of that stock based on rules governing public company proxies. But as some of you may know, I have not sold even 1 AMC share in more than three years and in those years the AMC share price has fallen dramatically. So the actual value of my AMC stock today is but a small fraction of the amounts that were previously reported by rule.
My realized total compensation in the past 36 months has been considerably less than half of the public amounts of which you read.
I am not asking for any pity here. I get that many of you have felt pain in the decline in the price of your shares (as have I), and I understand certainly that some will think I still am earning too much.
But you deserve to know the facts. My annual salary is not $23 million. It is not even 7% of $23 million. I have not taken an increase in salary in four years. Over the past 36 months, my cash compensation is less than 1/3 of what you believe my compensation to be, and my total realized compensation is less than 1/2 of what you believe it to be.
Those are the facts.
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I encourage you all to read our press release and listen to our quarterly comments, as tomorrow afternoon AMC Entertainment announces our 4th quarter results.
Candidly, there is a stunning amount of false information and opinion grounded neither in fact nor reality about AMC floating around X/Twitter.
The law limits what, when and how I can talk about AMC, but I will have a lot to say about AMC tomorrow.
As detailed in an AMC SEC filing, our 50 million share At The Market equity offering has been completed. We have raised at least $184 million of additional cash, prior to commissions/fees
We realize from the vitriolic messages on X/Twitter that some of you don’t approve, but I cannot emphasize enough that it is so absolutely vital and crucial for AMC to have robust cash reserves.