The CEO of AMC Entertainment, Adam Aron, is expected to see compensation for last year around $23.7 million, 25% up from 2021’s $18.9 million. An annual report filing noted that “Despite challenging industry and economic conditions, as has been the case since the onset of the COVID-19 pandemic, the Company remained vigilant, flexible, and focused on maximizing results. The extraordinary efforts and creativity of our management team has allowed AMC to weather the storm while some of our competitors were forced to permanently close or seek bankruptcy protection.”
While this is a massive accomplishment for AMC, especially since some of their competitors, such as Cineworld, did file for bankruptcy, this does not mean that the company has no problems – one apparent being that it is still in debt.
To secure some money, AMC hopes for the Delaware Chancery Court to decide this summer about a settlement that would allow them to raise money. In an interview with Deadline about the situation,
Aron stated: “I will be more confident after this, after we have the ability to implement the shareholder vote … When you have the flexibility to raise capital if you need to, it’s really important. Whether we will need to or not depends on what … the box office is this year.”
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