Will AMC CEO Adam Aron's 2023 total compensation package be >$24 million?
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resolved Apr 5
Resolved
YES

AMC Entertainment Holdings, Inc is a popular theater chain (& occasional meme stock). Over the past year, $AMC stock is down ~90%.


This week, the CEO Adam Aron announced that he would take a pay cut (Deadline source):

Adam Aron and the AMC Entertainment board have agreed to reduce the CEO’s target compensation by 25% this year... “There is no anguish in my voice about that. That is what a CEO of a company like yours should do... I mean it when I say I ride with you.”

  • I would assume this pay cut only applies to his 2024 earnings (I am not an expert).

  • His total compensation for 2022 was $23.7 million.

  • In December of 2022, he asked the board for a "pay freeze" for 2023 (source).

  • His total compensation for 2023 should be revealed in the "spring proxy statements" (i.e. within the next few months).

This market resolves YES if the media reports that the "total pay", "total compensation", or closest equivalent wording, for Adam Aron in 2023 is larger than $24,000,000.

I don't expect that "total pay" (or equivalently "compensation package" or etc) will be difficult to define, but if any scenarios are unclear, please ask (I will use similar criteria as my market for Zazlav).

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https://www.hollywoodreporter.com/business/business-news/amc-theatres-ceo-adam-aron-pay-1235831459/

AMC Theatres CEO Adam Aron received compensation of $25.4 million in 2023, up from $23.7 million in 2022 and $18.9 million in 2021, according to the cinema giant’s proxy statement filed with the Securities and Exchange Commission.

Looks like it's barely >$24M. Resolves YES.

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