AMC Entertainment (AMC) just unveiled an announcement.
At the 2024 Annual Meeting of AMC Entertainment Holdings, Inc., stockholders approved the 2024 Equity Incentive Plan, securing 25 million shares for awards under the plan. However, several key proposals, including the declassification of the board and removal of restrictions on stockholder actions, were rejected as they did not receive the majority of shares outstanding needed for approval. In contrast, the appointment of the company’s independent accounting firm was ratified, while the executive compensation plan was not approved. The voting outcomes signify the shareholders’ influence on the company’s governance and future direction.
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