(Reuters) – AMC Entertainment Holdings has agreed millions of bonuses with its top executives and eligible employees as a way to preserve stockholder value during the COVID-19 pandemic, the house operator said -game.
In a management filing Friday, the company said CEO Adam Aron would receive a $ 3.75 million bonus, while other senior executives are eligible for bonuses between $ 173,000 and $ 507,000.
The move comes at a time when cinema chains like AMC have taken a hit due to coronavirus-led restrictions that have caused film release delays. The company halted bankruptcy through a debt restructuring contract last year.
Shares of Kansas-based company Leawood were also one of the “stones” that wild investors seized several weeks ago and when its share price rose more than 860% compared to the beginning of the year. , at the highest level.
Shares of AMC closed down 3.4% at $ 8.01 on Friday.
Reporting by Eva Mathews in Bengaluru; Edited by Maju Samuel