'We bought ourselves a lot of time,' CEO Adam Aron tells' The Claman Countdown'
AMC Entertainment Holdings has approved millions in bonuses to its top executives and eligible employees as a means to preserve stockholder value during the COVID-19 pandemic, the theater operator said
AMC SAYS IT COULD RUN OUT OF CASH
In a regulatory filing on Friday, the company said Chief Executive Officer Adam Aron would receive $3.75 million as a bonus, while other top executives are entitled to bonuses of $173,000 to $507,000.
Stocks in this Article
$8.01
-0.28 (-3.38%)
The move comes at a time when cinema chains like AMC have taken a blow due to coronavirus-led restrictions that caused delays in film releases. The company staved off bankruptcy through a debt restructuring deal last year.
CLICK HERE TO READ MORE ON FOX BUSINESS
Shares of the Leawood, Kansas-based company were also one of the "stonks" whose wild ride captivated investors several weeks ago and during which its share price surged more than 860% compared with the beginning of the year, at its highest.
AMC's shares closed down 3.4% at $8.01 on Friday.
"Ceo" - Google News
February 27, 2021 at 07:45AM
https://ift.tt/2ZUueK7
AMC Entertainment CEO getting $3.75M bonus - Fox Business
"Ceo" - Google News
https://ift.tt/37G5RC0
https://ift.tt/2W5rCYQ
Bagikan Berita Ini
0 Response to "AMC Entertainment CEO getting $3.75M bonus - Fox Business"
Post a Comment