Kathleen M. Pawlus Joins AMC Entertainment Holdings, Inc. Board of Directors
LEAWOOD, Kan.--(BUSINESS WIRE)-- AMC Entertainment Holdings, Inc. (“AMC” or “the Company”), one of the world’s leading theatrical exhibition companies and an industry leader in innovation and operational excellence, today announced the appointment of Kathleen M. Pawlus as an independent director of the Company, effective as of December 17, 2014. Ms. Pawlus’ appointment expands the size of the Board to nine directors, and increases the number of independent directors from two to three. Ms. Pawlus will be a member of AMC’s Audit committee and qualifies as a “financial expert.”
Ms. Pawlus is a partner of and the Global Assurance Chief Financial Officer and Chief Operating Officer of Ernst and Young, LLP (“EY”). EY’s Global Assurance practice is the largest of EY’s four service lines and includes its Audit Practice, Fraud, Investigation and Dispute Services Practice, Climate Change and Sustainability Services Practice and Financial Accounting Advisory Services Practice. Ms. Pawlus spent her entire career at EY having demonstrated success in audit, finance, strategy, mergers and acquisitions, quality, information technology and administration. Ms. Pawlus will retire from EY effective as of December 16, 2014
“Kathleen brings with her more than 30 years of extensive financial experience, and we are excited to welcome her to AMC’s board of directors,” said Gerry Lopez, AMC’s President and CEO. “We believe her financial expertise and operational acumen will be extremely valuable as AMC continues to innovate and grow, and we are confident Kathleen will have an immediate and positive impact on our continued success.”
Ms. Pawlus graduated from Indiana University with a BS in Business and is a Certified Public Accountant.
About AMC Entertainment Holdings, Inc.
AMC (NYSE:AMC) is the guest experience leader with 344 locations and 4,959 screens located primarily in the United States. AMC has propelled innovation in the theatrical exhibition industry and continues today by delivering more comfort and convenience, enhanced food & beverage, greater engagement and loyalty, premium sight & sound, and targeted programming. AMC operates the most productive theatres in the country’s top markets, including No. 1 market share in the top three markets (NY, LA, Chicago). www.amctheatres.com
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “estimate,” “project,” “intend,” “expect,” “should,” “believe,” “continue,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, decreased supply, quality and performance of, and delays in our access to, motion pictures; risks relating to our significant indebtedness; our ability to utilize net operating loss carry forwards to reduce future tax liability; increased competition in the geographic areas in which we operate and from alternative film delivery methods and other forms of entertainment; continued effectiveness of our strategic initiatives; the impact of shorter theatrical exclusive release windows; the impact of governmental regulation, including anti-trust review of our acquisition opportunities; and unexpected delays and costs related to our optimization of our theatre circuit.
Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. For a detailed discussion of these risks and uncertainties, see the section entitled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 4, 2014, and our other public filings. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances, except as required by applicable law.
AMC Entertainment Holdings, Inc.
John Merriwether, 866-248-3872
Jessica Liddell, 203-682-8200
Source: AMC Entertainment Holdings, Inc.
Released December 15, 2014