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Post by Deleted on Dec 21, 2020 21:02:47 GMT
Good news! It’s so sad driving by my favorite theater and seeing it closed up. I live in a very big city, and it’s one of the very few theaters that isn’t a major chain.
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Post by politicidal on Dec 22, 2020 4:21:30 GMT
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Post by darkpast on Mar 1, 2021 16:40:20 GMT
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Post by politicidal on Mar 1, 2021 16:43:01 GMT
"The bonuses were approved in order to recognize the extraordinary efforts of employees to maintain the company’s business and preserve stockholder value during the COVID-19 pandemic, encourage continued engagement and retention, and incentivize our management and employees during the continuing and unprecedented difficult business conditions," the parent of AMC Theatres said in an SEC filing on Friday.
Pre-pandemic, Aron received compensation of $9.67 million in 2019, up from $9.5 million in 2018.
Other execs awarded bonuses include CFO Sean Goodman receiving $507,500, another $194,550 for John McDonald, executive vp for US/Canada operations, and Elizabeth Frank, vp of worldwide programming and chief content officer receiving $180,650.
And Stephen Colanero, executive vp and chief marketing officer is receive a bonus of $173,875. The pandemic-era bonuses are on top of initial special incentive bonuses awarded in October 2020, the company said.
AMC Theatres imposed pay cuts and furloughs for top management early on during the pandemic to reduce a cash burn. And parent AMC Entertainment has raised new debt, restructured its borrowings and sold off assets to bolster its balance sheet liquidity.
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Post by spooner5020 on Mar 1, 2021 16:48:54 GMT
"The bonuses were approved in order to recognize the extraordinary efforts of employees to maintain the company’s business and preserve stockholder value during the COVID-19 pandemic, encourage continued engagement and retention, and incentivize our management and employees during the continuing and unprecedented difficult business conditions," the parent of AMC Theatres said in an SEC filing on Friday.
Pre-pandemic, Aron received compensation of $9.67 million in 2019, up from $9.5 million in 2018.
Other execs awarded bonuses include CFO Sean Goodman receiving $507,500, another $194,550 for John McDonald, executive vp for US/Canada operations, and Elizabeth Frank, vp of worldwide programming and chief content officer receiving $180,650.
And Stephen Colanero, executive vp and chief marketing officer is receive a bonus of $173,875. The pandemic-era bonuses are on top of initial special incentive bonuses awarded in October 2020, the company said.
AMC Theatres imposed pay cuts and furloughs for top management early on during the pandemic to reduce a cash burn. And parent AMC Entertainment has raised new debt, restructured its borrowings and sold off assets to bolster its balance sheet liquidity.
... I’m glad they’re gonna be able to stay open. I miss going to AMC. The streaming at home does not cut it and people need to cut the crap with saying “why do we need theaters?” If you like the home experience, GOOD For you!!! There are plenty of people who love the theater experience. |
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