10-Q: Quarterly report pursuant to Section 13 or 15(d)
Published on November 8, 2022
AMC Entertainment Holdings, Inc.
Non-Employee Director Compensation Program
Amended & Restated October 27, 2022
Effective January 1, 2023
Each member of the Board of Directors (the “Board”) of AMC Entertainment Holdings, Inc. (the “Company”), including directors that are not independent under the rules and regulations of the New York Stock Exchange and Securities and Exchange Commission but excluding those directors that are employed by the Company or its affiliates (the “Non-Employee Directors”), will receive the following annual compensation:
| ● | an annual cash retainer of $150,000; |
| ● | an annual equity award with a value of $105,000; |
| ● | an annual cash retainer of $50,000 for service as the Lead Independent Director; and |
| ● | an annual cash retainer for service as the chairperson or a member of each of the Company’s Committees as set forth below: |
Committee |
Chairperson |
Member |
Audit |
$35,000 |
$17,500 |
Compensation |
$25,000 |
$15,000 |
Nominating & Corporate Governance |
$20,000 |
$10,000 |
Equity awards will be made pursuant to the Company’s then applicable Equity Incentive Plan and issued on the same date annual grants are made to members of the Company’s senior management team. Non-Employee Directors may elect to receive all or a portion of their annual cash retainers in equity. The number and type of equity interests to be awarded will be determined using the same methodology used for annual grants made to members of the Company’s senior management team. Equity awards must be retained until the earlier to occur of (i) the first anniversary of the date of grant or (ii) the departure of the Non-Employee Director from the Board.
Cash retainers will be paid in four equal installments at the beginning of each calendar quarter.
All annual cash retainers and stock awards will be prorated for partial years of service.
Additionally, the Company shall reimburse all Directors for their reasonable out-of-pocket travel and related expenses incurred in connection with their service on the Board.