Adam Aron’s 2023 Pay Package Rises To $25 Million; AMC Entertainment CEO Says It’s Worth Much Less At Current Stock Price
AMC Entertainment chief executive Adam Aron saw a 2023 compensation package of $25.4 million — up from $23.7 million a year ago – inflated by stock awards worth $17.9 million along with a cash bonus of $6 million bonus and a $1.5 million base salary.
In a proxy statement filed with the SEC, the compensation committee of the world’s biggest exhibitor cited progress on several fronts last year in a challenging climate for theatrical as Hollywood strikes interrupted a nascent post-Covid recovery.
However, shares have tanked from their meme-stock highs and there’s been some pushback on CEO pay at AMC (and other entertainment companies). Aron was quick to turn to X, formerly Twitter, noting that the number is not what it seems.
“Our draft proxy shows I was awarded AMC stock in 2023 (that I can not sell any time soon) valued using SEC required methodology at $17.9 million. At yesterday’s closing share price, it is actually...
In a proxy statement filed with the SEC, the compensation committee of the world’s biggest exhibitor cited progress on several fronts last year in a challenging climate for theatrical as Hollywood strikes interrupted a nascent post-Covid recovery.
However, shares have tanked from their meme-stock highs and there’s been some pushback on CEO pay at AMC (and other entertainment companies). Aron was quick to turn to X, formerly Twitter, noting that the number is not what it seems.
“Our draft proxy shows I was awarded AMC stock in 2023 (that I can not sell any time soon) valued using SEC required methodology at $17.9 million. At yesterday’s closing share price, it is actually...
- 4/6/2024
- by Jill Goldsmith
- Deadline Film + TV
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