A few shareholders had sued to block the measures, but then settled with the company.
A judge needs to approve the settlement.
When you have the flexibility to raise capital if you better, its really important.
AMC Entertainment CEO Adam Aron
Whether we will need to or not depends on what … the box office is this year.
Back in December, Aron said he would freeze his compensation for 2023 given the decline inAMC stock.
Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises.
But I do not want more when our shareholders are hurting.
NO INCREASE, he tweeted.
Pay for 2022 hadnt yet been disclosed, so the freeze level wasnt clear.
When CEOs ask, execs to their credit usually agree.
I sincerely thank them for that.
AMC has a very dedicated management team.
