AMC Entertainment Holdings, Inc. has announced the election of Sonia Jain as a new director to the company's board, effective March 1, 2024. Jain, who will serve as a class III director with a term expiring at the company's 2026 annual meeting of stockholders, will also join the audit committee. With extensive financial and accounting experience, including roles as CFO of publicly traded companies, Jain's appointment is expected to bring valuable financial acumen and leadership to the board.
In addition to her recent position as CFO of Cars.com Inc., Jain has previously served as CFO of Convoy Inc. and Redbox Automated Retail LLC. She holds a B.S. in electrical engineering from Princeton University, an M.S. in electrical engineering and computer science from the Massachusetts Institute of Technology, and an M.B.A. from Harvard Business School.
AMC's Chairman of the Board and CEO, Adam Aron, expressed his excitement about Jain's appointment, highlighting her successful tenure as a CFO and noting that her expertise will be a valuable asset to the company, its guests, and shareholders.
The full AMC Entertainment Holdings, Inc. board of directors now includes Adam M. Aron (Chairman of the Board and CEO), Denise "Dee" Clark (Global Information Technology Executive), Howard W. 'Hawk' Koch, Jr. (Movie Producer), Philip Lader (Senior Advisor to Morgan Stanley Institutional Securities), Gary F. Locke (Trade Consultant), Kathleen M. Pawlus (Retired Partner of Ernst and Young, LLP), Keri Putnam (Producer, Consultant, and Executive), Anthony J. Saich (Director of the Ash Center for Democratic Governance and Innovation), and Adam J. Sussman (President of Epic Games).
AMC Entertainment Holdings, Inc. is the largest movie exhibition company globally, operating approximately 900 theaters and 10,000 screens. The company has been at the forefront of innovation in the exhibition industry, introducing signature power-recliner seats, enhanced food and beverage choices, loyalty and subscription programs, premium large format experiences, and a wide variety of content, including the latest Hollywood releases and independent programming. Moreover, the company recently launched AMC Theatres Distribution, with successful releases such as "Taylor Swift | The Eras Tour" and "Renaissance: A Film by Beyoncé," with plans to release more concert films in the years ahead.
The market has reacted to these announcements by moving the company's shares 1.7% to a price of $4.39. Check out the company's full 8-K submission here.
