The theater giant lost nearly $1 billion in Q3 in its least earnings report
AMC Entertainment is awarding CEO Adam Aron, among other executives, a special cash bonus to recognize their “special efforts” put forth during the COVID-19 pandemic.
The total authorized amount of bonuses being paid to employees including its “NEOs, corporate associates and theatre management” is approximately $8.3 million, according to the company. Aron received a bonus of $3.75 million, while chief financial officer Sean Goodman received $507,500, John McDonald, EVP US/Canada operations, received $194,550, Elizabeth Frank, VP Worldwide Programming and Chief Content Officer, received $180,650 and Stephen Colanero, EVP,CMO, received $173,875.
The bonuses are “to recognize the extraordinary efforts of employees to maintain the Company’s business and preserve stockholder value during the COVID-19 pandemic, encourage continued engagement and retention, and incentivize our management and employees during the continuing and unprecedented difficult business conditions,” the company said.
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