Since the vote is non-binding, there’s no financial ramifications to the move by shareholders, but it’s a signal to the theater chain’s leadership that some investors weren’t satisfied with the compensation structure. The votes were taken at AMC annual meeting June 16, with the results being disclosed Friday.
Thanks to retail investor interest, AMC joined retailer GameStop as a memestock in 2021, with its share price hitting a high of 59.26 on June 18 of last year. That helped prop up the exhibitor, the world’s largest, which owns or operates 950 theaters and more than 10,000 screens globally. AMC then went on an acquisition spree, acquiring four former Pacific and Arclight theaters and seven theater locations from Bow Tie Cinemas, among other deals. The theater chain branched out into the retail popcorn business, selling “AMC Theatres Perfectly Popcorn” in select mall locations.
lol
lol
danajamesjones
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft Pays Shareholders $25 Million for Driver Sexual Assaults—But Nothing for SurvivorsThe company's wealthy shareholders claim they were the real victims harmed by Lyft's sexual assault scandals. Gang rape survivor Alison Turkos begs to differ.
Source: Jezebel - 🏆 153. / 63 Read more »
Scientists mapped 16 Psyche at an all-time high resolution of 20 miles per pixelWith one estimate saying the asteroid 16 Psyche contains $18 quintillion in heavy metals, NASA will soon launch a spacecraft to reach the space rock by 2026. Hot
Source: IntEngineering - 🏆 287. / 63 Read more »
EU Looks to Splash €18 Million on Luxury New York Diplomatic ResidenceThe European Union is looking to drop upwards of $18 million on a massive 5,300-square-foot New York residence for the bloc’s ambassador to the United Nations.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Costco's rotisserie chickens come with side of animal cruelty, lawsuit claimsThe company's practices are illegal in Iowa and Nebraska, two states where Costco keeps chickens, the complaint alleges. That's why I shop at Walmart, all 🐔 chickens have penthouse pens with AC and have a rooster around to make them happy.
Source: CBSNews - 🏆 87. / 68 Read more »
American Airlines CEO Vows to Improve Pilot Pay as Wages at Other Carriers RiseAmerican Airlines CEO Robert Isom told pilots that they “will not fall behind network peers.”
Source: NBCDFW - 🏆 288. / 63 Read more »