AMC CEO Adam Aron said he has asked the company’s board to “red circle and freeze” his target cash and stock pay for 2023. $AMC has fallen 77% this year, far outpacing the S&P 500 index’s decline of 20.6%.
AMC Entertainment Holdings Inc. CEO Adam Aron’s pay freeze is a move to assuage the movie-theater chain and meme stock phenomenon’s investors, according to Wedbush Vice President of Equity Research Alicia Reese.On Tuesday AMC AMC, -4.71% CEO Adam Aron said he has asked the company’s board to “red circle and freeze” his target cash and stock pay for 2023.
“He has had to make a number of moves over the last year and a half, give or take, to assuage his investor base,” Reese told MarketWatch. “One of the issues when the stock started to fall … is that the executives, Adam Aron included, started to cash out.”Aron had sold more than $40 million in AMC shares since November 2021 but said he was done after a $7.1 million stock sale in January.AMC, like its fellow meme stock GameStop Corp. GME, -1.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
AMC CEO Adam Aron, who earns $19M, asks for salary freeze in 2023 as shares plungeAMC Entertainment Chief Executive Officer Adam Aron on Tuesday asked the theater chain operator’s board to freeze his compensation next year because of a sharp drop in the company’s sha…
Lire la suite »
AMC Stock Price | AMC Entertainment Holdings Inc. Cl A Stock Quote (U.S.: NYSE) | MarketWatchAMC | Complete AMC Entertainment Holdings Inc. Cl A stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Lire la suite »
AMC Entertainment CEO Adam Aron Asks Board To Freeze His Pay; “I Do Not Want More When Our Shareholders Are Hurting”Adam Aron said today he’s asked the theater chain’s board of directors to freeze his compensation for 2023 given the decline in AMC stock. “Biggest inflation in 40 years, so in 2023 companies will …
Lire la suite »
AMC CEO asks for salary freeze in 2023 as shares slumpAMC Entertainment Holdings Chief Executive Officer Adam Aron on Tuesday asked the theater chain operator's board to freeze his compensation next year because of a sharp drop in the company's shares.
Lire la suite »
AMC CEO requests pay freeze as stock tanksAMC Entertainment's Adam Aron has requested a pay freeze for himself, he said Tuesday, as the movie theater chain's stock has fallen significantly in 2022.
Lire la suite »
AMC Theatres CEO Signals Salary Freeze for Top ExecsBut Adam Aron on Twitter said AMC workers away from the executive suite will likely receive wage increases in 2013 as the exhibition giant competes amid high inflation to hire and retain employees.
Lire la suite »