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AMC Theatres Slashes Executive Pay as Debt Refinancing Efforts Continue

CEO Adam Aron's 2024 compensation dropped 55%, reflecting financial pressures and underwhelming box office performance.

AMC Networks CEO Kristin Dolan (Credit: Getty Images)
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Overview

  • Adam Aron's total compensation for 2024 fell to $11.3 million, a significant decrease from $25.4 million in 2023, as disclosed in AMC's SEC filing.
  • The CEO's pay package included a $1.5 million base salary, $5.44 million in stock awards, and $4.38 million in non-equity incentive plan compensation.
  • AMC's CEO-to-median-employee pay ratio was reported at 974:1, with the median employee earning $11,659 annually.
  • North American box office revenues for 2024 totaled $8.7 billion, falling short of AMC's $9 billion projection and well below pre-pandemic levels of $11.4 billion in 2019.
  • The company is actively pursuing debt refinancing strategies to address its significant financial burdens and stabilize operations.