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Amc Entertainment Holdings, Inc. – ‘10-K’ for 12/31/20 – ‘EX-10.34’

On:  Friday, 3/12/21, at 9:23am ET   ·   For:  12/31/20   ·   Accession #:  1411579-21-6   ·   File #:  1-33892

Previous ‘10-K’:  ‘10-K’ on 2/28/20 for 12/31/19   ·   Next:  ‘10-K’ on 3/1/22 for 12/31/21   ·   Latest:  ‘10-K’ on 2/28/24 for 12/31/23   ·   51 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/12/21  Amc Entertainment Holdings, Inc.  10-K       12/31/20  124:29M

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.78M 
 2: EX-4.32     Instrument Defining the Rights of Security Holders  HTML     37K 
 3: EX-10.34    Material Contract                                   HTML     53K 
 4: EX-21       Subsidiaries List                                   HTML     43K 
 5: EX-23.1     Consent of Expert or Counsel                        HTML     33K 
 6: EX-23.2     Consent of Expert or Counsel                        HTML     34K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     37K 
 9: EX-31.2     Certification -- §302 - SOA'02                      HTML     38K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     35K 
16: R1          Document and Entity Information                     HTML     99K 
17: R2          Consolidated Statements of Operations               HTML    135K 
18: R3          Consolidated Statements of Comprehensive Loss       HTML     72K 
19: R4          Consolidated Balance Sheets                         HTML    147K 
20: R5          Consolidated Balance Sheets (Parenthetical)         HTML     44K 
21: R6          Consolidated Statements of Cash Flows               HTML    202K 
22: R7          Consolidated Statements of Cash Flows               HTML     33K 
                (Parenthetical)                                                  
23: R8          Consolidated Statements of Stockholders' Equity     HTML    167K 
                (Deficit)                                                        
24: R9          Consolidated Statements of Stockholders' Equity     HTML     39K 
                (Deficit) (Parenthetical)                                        
25: R10         The Company and Significant Accounting Policies     HTML    265K 
26: R11         Revenue Recognition                                 HTML    149K 
27: R12         Leases                                              HTML    187K 
28: R13         Property                                            HTML     70K 
29: R14         Goodwill and Intangible Assets                      HTML    141K 
30: R15         Investments                                         HTML    247K 
31: R16         Supplemental Balance Sheet Information              HTML    100K 
32: R17         Corporate Borrowings and Finance Lease Obligations  HTML    235K 
33: R18         Stockholders' Equity                                HTML    176K 
34: R19         Income Taxes                                        HTML    257K 
35: R20         Commitments and Contingencies                       HTML     43K 
36: R21         Fair Value Measurements                             HTML    336K 
37: R22         Operating Segments                                  HTML    223K 
38: R23         Accumulated Other Comprehensive Income (Loss)       HTML    149K 
39: R24         Earnings (Loss) Per Share                           HTML     79K 
40: R25         Supplemental Financial Information by Quarter       HTML    146K 
                (Unaudited)                                                      
41: R26         Subsequent Events                                   HTML     41K 
42: R27         The Company and Significant Accounting Policies     HTML    324K 
                (Policies)                                                       
43: R28         The Company and Significant Accounting Policies     HTML    177K 
                (Tables)                                                         
44: R29         Revenue Recognition (Tables)                        HTML    152K 
45: R30         Leases (Tables)                                     HTML    144K 
46: R31         Property (Tables)                                   HTML     69K 
47: R32         Goodwill and Intangible Assets (Tables)             HTML    145K 
48: R33         Investments (Tables)                                HTML    242K 
49: R34         Supplemental Balance Sheet Information (Tables)     HTML     99K 
50: R35         Corporate Borrowings (Tables)                       HTML    171K 
51: R36         Stockholders' Equity (Tables)                       HTML    140K 
52: R37         Income Taxes (Tables)                               HTML    254K 
53: R38         Fair Value Measurements (Tables)                    HTML    331K 
54: R39         Operating Segments (Tables)                         HTML    223K 
55: R40         Accumulated Other Comprehensive Income (Loss)       HTML    150K 
                (Tables)                                                         
56: R41         Earnings (Loss) Per Share (Tables)                  HTML     74K 
57: R42         Supplemental Financial Information by Quarter       HTML    146K 
                (Unaudited) (Tables)                                             
58: R43         The Company and Significant Accounting Policies     HTML     79K 
                (Details)                                                        
59: R44         The Company and Significant Accounting Policies -   HTML    225K 
                Covid 19 impact (Details)                                        
60: R45         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     81K 
                Noncontrolling Interests (Details)                               
61: R46         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML    120K 
                Investments, Goodwill, Payables, Leases (Details)                
62: R47         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     54K 
                Impairment of assets (Details)                                   
63: R48         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     59K 
                Impairment narratives (Details)                                  
64: R49         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     95K 
                Employee benefit Plan (Narrative) (Details)                      
65: R50         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     62K 
                Pension plan (Details)                                           
66: R51         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     41K 
                Employee benefit plans (Details)                                 
67: R52         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     39K 
                Casualty Insurance (Details)                                     
68: R53         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     61K 
                Other Expense (Details)                                          
69: R54         THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES -   HTML     43K 
                Accounting Pronouncements Recently Adopted                       
                (Details)                                                        
70: R55         REVENUE RECOGNITION - Disaggregation of revenue     HTML     59K 
                (Details)                                                        
71: R56         REVENUE RECOGNITION - Receivables and deferred      HTML     47K 
                revenue (Details)                                                
72: R57         REVENUE RECOGNITION - Changes in liabilities        HTML     60K 
                (Details)                                                        
73: R58         REVENUE RECOGNITION - Additional disclosures        HTML     57K 
                (Details)                                                        
74: R59         LEASES - Income statement (Details)                 HTML     85K 
75: R60         LEASES - Deferred payment (Details)                 HTML     59K 
76: R61         LEASES - Lease assets and liabilities (Details)     HTML     43K 
77: R62         LEASES - Lease costs (Details)                      HTML     59K 
78: R63         LEASES - Lease terms and discount rates (Details)   HTML     40K 
79: R64         LEASES - Cash flow information (Details)            HTML     46K 
80: R65         LEASES - Minimum annual payments under leases       HTML     72K 
                (Details)                                                        
81: R66         LEASES - Future lease agreements (Details)          HTML     41K 
82: R67         Property (Details)                                  HTML     71K 
83: R68         Goodwill and Intangible Assets (Details)            HTML     66K 
84: R69         Goodwill and Intangible Assets - Additional         HTML     68K 
                information of intangible assets acquired                        
                (Details)                                                        
85: R70         GOODWILL AND INTANGIBLE ASSETS - Amortization       HTML     48K 
                (Details)                                                        
86: R71         Investments (Details)                               HTML    161K 
87: R72         Investments - Sum. Finan. Info and Earnings         HTML    113K 
                (Details)                                                        
88: R73         INVESTMENTS - Rollforwards (Details)                HTML     77K 
89: R74         INVESTMENTS - Related Party Transactions (Details)  HTML     70K 
90: R75         Supplemental Balance Sheet Information (Details)    HTML    105K 
91: R76         CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS  HTML    217K 
                - Long-term debt and lease obligations (Details)                 
92: R77         CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS  HTML     50K 
                - Maturities of corporate borrowings (Details)                   
93: R78         CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS  HTML    264K 
                - Senior Secured Credit Facility (Details)                       
94: R79         CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS  HTML     49K 
                - Debt validly tendered and accepted (Details)                   
95: R80         CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS  HTML    236K 
                - Senior Unsecured Convertible Notes narrative                   
                (Details)                                                        
96: R81         CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS  HTML     69K 
                - Senior Unsecured Convertible Notes (Details)                   
97: R82         CORPORATE BORROWINGS AND FINANCE LEASE OBLIGATIONS  HTML    117K 
                - Other Notes (Details)                                          
98: R83         STOCKHOLDERS' EQUITY - Narrative (Details)          HTML    195K 
99: R84         STOCKHOLDERS' EQUITY - Dividends (Details)          HTML    109K 
100: R85         STOCKHOLDERS' EQUITY - Related Party Transactions   HTML     83K  
                (Details)                                                        
101: R86         STOCKHOLDERS' EQUITY - Awards granted in 2020       HTML     42K  
                (Details)                                                        
102: R87         STOCKHOLDERS' EQUITY - SPSU activity (Details)      HTML     94K  
103: R88         STOCKHOLDERS' EQUITY - RSU activity (Details)       HTML     61K  
104: R89         INCOME TAXES - narrative (Details)                  HTML     58K  
105: R90         INCOME TAXES - Income tax provision (Details)       HTML     75K  
106: R91         INCOME TAXES - Effective income tax rate on         HTML     63K  
                earnings (Details)                                               
107: R92         INCOME TAXES - Deferred taxes (Details)             HTML     87K  
108: R93         INCOME TAXES - Deferred tax assets (Details)        HTML     33K  
109: R94         INCOME TAXES - Income tax loss carryforward         HTML     60K  
                (Details)                                                        
110: R95         INCOME TAXES - Unrecognized tax benefits (Details)  HTML     57K  
111: R96         Commitments and Contingencies (Details)             HTML     39K  
112: R97         FAIR VALUE MEASUREMENTS - Fair value on a           HTML     60K  
                recurring basis (Details)                                        
113: R98         FAIR VALUE MEASUREMENTS - Fair value on a           HTML    134K  
                nonrecurring basis (Details)                                     
114: R99         Operating Segments (Details)                        HTML     77K  
115: R100        Operating Segments - Reconciliation (Details)       HTML    180K  
116: R101        Accumulated Other Comprehensive Income (LOSS) -     HTML     58K  
                Change in AOCI by component (Details)                            
117: R102        Accumulated Other Comprehensive Income (LOSS) -     HTML     77K  
                OCI and tax effects (Details)                                    
118: R103        Earnings (Loss) Per Share (Details)                 HTML    118K  
119: R104        Supplemental Financial Information by Quarter       HTML    106K  
                (Unaudited) (Details)                                            
120: R105        Subsequent Events (Details)                         HTML    179K  
122: XML         IDEA XML File -- Filing Summary                      XML    228K  
15: XML         XBRL Instance -- amc-20201231x10k_htm                XML   8.14M 
121: EXCEL       IDEA Workbook of Financial Reports                  XLSX    226K  
11: EX-101.CAL  XBRL Calculations -- amc-20201231_cal                XML    418K 
12: EX-101.DEF  XBRL Definitions -- amc-20201231_def                 XML   2.10M 
13: EX-101.LAB  XBRL Labels -- amc-20201231_lab                      XML   3.33M 
14: EX-101.PRE  XBRL Presentations -- amc-20201231_pre               XML   2.76M 
10: EX-101.SCH  XBRL Schema -- amc-20201231                          XSD    430K 
123: JSON        XBRL Instance as JSON Data -- MetaLinks              789±  1.22M  
124: ZIP         XBRL Zipped Folder -- 0001411579-21-000006-xbrl      Zip    820K  


‘EX-10.34’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:  C:  <!  <> 

EXHIBIT 10.34

AMC ENTERTAINMENT HOLDINGS, INC.

ANNUAL INCENTIVE COMPENSATION PROGRAM

CONTINUING STRUCTURE

(As Amended & Restated by the Compensation Committee February 23, 2021)

AMC Entertainment Holdings, Inc. (along with all of its subsidiaries, the “Corporation”) shall have an Annual Incentive Compensation Program (“AIP”) structured as set forth below. The AIP shall automatically be continued for each of the Corporation’s fiscal years until terminated or revised by the Compensation Committee.

1.Structure: Each participant shall have an incentive at target based upon a percentage of his or her base salary (the “Incentive at Target”). The Incentive at Target shall be allocated between (i) a component paid out based upon attainment of the Company Performance Target (defined below) during the applicable fiscal year (the “Company Component”) and (ii) a component paid out based on the participant’s achievement of individual Key Performance Metrics with supervisory discretion during the applicable fiscal year (the “Individual Component”).
2. Participation:
a.Named Executive Officers: The Corporation’s Named Executive Officers (as determined pursuant to SEC Rules), shall participate in the AIP at the following Incentive at Target levels and allocations:

Position

Target
(% of Salary)

Mix
Company/Individual

President & CEO

200%

100/0

EVP & Chief Financial Officer

100%

100/0

EVP, US Operations

70%

80/20

All Other Named Executive Officers

65%

80/20

b.Other Employees: All other participants along with their Incentive at Target level and allocation shall be determined at the discretion of the CEO in consultation with the SVP Human Resources.
3.Payout: Unless otherwise provided in a written agreement with the employee, an employee must remain employed on the last day of the applicable fiscal year to be eligible for any payout under the AIP and employees hired after the beginning of the applicable fiscal year shall have their payouts prorated. Payments for each fiscal year shall be made to employees during the 2-½ month period immediately following the close of such fiscal year. All payments shall be made in a manner that either complies with or is exempt from the requirements of Section 409A of the Internal Revenue Code and the regulations and guidance issued thereunder and the AIP shall be administered and construed in conformity with such requirements.
a.Company Component: The Company Component payout shall be determined based upon the attainment as certified by the Compensation Committee of the Company Performance Target.
i.Company Performance Target: The Company Performance Target shall be the Adjusted EBITDA (as defined in the Corporation’s 10-K, but excluding cash distribution from non-consolidated subsidiaries and attributable EBITDA from minority equity investments) provided for in the Corporation’s annual financial performance plan for the applicable fiscal year as approved by the Board of Directors (the “Financial Plan”).
1

ii.Payout Scale: The Company Component payout shall be on a scale as set forth on Appendix A attached hereto (payout for performance that falls between two stated levels shall be determined by linear interpolation).
b.Individual Component: The Individual Component payout shall be determined as follows:
i.Named Executive Officers: The payout shall be determined by the Compensation Committee in consultation with the CEO.
ii.Other Participants: The payout shall be determined by each participant’s supervisor subject to parameters established by the CEO in consultation with the SVP Human Resources.

2


APPENDIX A

PAYOUT SCALE

% Attained
(Actual vs Target)

Payout

80%

50%

81%

54%

82%

58%

83%

62%

84%

66%

85%

70%

86%

74%

87%

78%

88%

82%

89%

86%

90%

90%

91%

91%

92%

92%

93%

93%

94%

94%

95%

95%

96%

96%

97%

97%

98%

98%

99%

99%

100%

100%

101%

105%

102%

110%

103%

115%

104%

120%

105%

125%

106%

130%

107%

135%

108%

140%

109%

145%

110%

150%

111%

155%

112%

160%

113%

165%

114%

170%

115%

175%

116%

180%

117%

185%

118%

190%

119%

195%

120% (or higher)

200%

A-1



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/12/21
2/23/218-K
For Period end:12/31/20DEF 14C
 List all Filings 


9 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/24  AMC Entertainment Holdings, Inc.  10-K       12/31/23  133:25M
12/15/23  AMC Entertainment Holdings, Inc.  S-8        12/15/23    5:123K                                   Toppan Merrill/FA
 2/28/23  AMC Entertainment Holdings, Inc.  10-K       12/31/22  125:28M
 3/01/22  AMC Entertainment Holdings, Inc.  10-K       12/31/21  124:26M                                    Toppan Merrill Bridge/FA
 6/03/21  AMC Entertainment Holdings, Inc.  424B5                  1:392K                                   Toppan Merrill/FA
 6/01/21  AMC Entertainment Holdings, Inc.  424B7                  1:367K                                   Toppan Merrill/FA
 5/06/21  AMC Entertainment Holdings, Inc.  10-Q        3/31/21   88:12M
 4/27/21  AMC Entertainment Holdings, Inc.  424B5                  1:525K                                   Toppan Merrill/FA
 4/27/21  AMC Entertainment Holdings, Inc.  S-3ASR      4/27/21    4:254K                                   Toppan Merrill/FA


42 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/09/21  AMC Entertainment Holdings, Inc.  8-K:1,9     3/08/21   12:2.1M                                   Toppan Merrill/FA
 2/17/21  AMC Entertainment Holdings, Inc.  8-K:1,2,9   2/15/21   11:2M                                     Toppan Merrill/FA
 1/25/21  AMC Entertainment Holdings, Inc.  8-K:1,2,5,8 1/24/21   14:527K                                   Toppan Merrill/FA
 1/19/21  AMC Entertainment Holdings, Inc.  8-K:1,2,9   1/15/21   11:1.9M                                   Toppan Merrill/FA
11/04/20  AMC Entertainment Holdings, Inc.  10-Q        9/30/20   86:18M
 8/06/20  AMC Entertainment Holdings, Inc.  10-Q        6/30/20   88:20M
 7/31/20  AMC Entertainment Holdings, Inc.  8-K:3,5,9   7/29/20   13:262K                                   Toppan Merrill Bridge/FA
 7/31/20  AMC Entertainment Holdings, Inc.  8-K:1,2,3,8 7/27/20   22:6M                                     Toppan Merrill/FA
 7/10/20  AMC Entertainment Holdings, Inc.  8-K:1,7,9   7/10/20   14:1.1M                                   Toppan Merrill/FA
 6/09/20  AMC Entertainment Holdings, Inc.  10-Q        3/31/20   89:16M
 4/24/20  AMC Entertainment Holdings, Inc.  8-K:1,2,8,9 4/23/20   12:1.4M                                   Toppan Merrill/FA
 3/03/20  AMC Entertainment Holdings, Inc.  8-K:5,9     2/26/20   12:369K
 2/28/20  AMC Entertainment Holdings, Inc.  10-K       12/31/19  131:35M
 4/25/19  AMC Entertainment Holdings, Inc.  8-K:1,2,9   4/22/19    2:2.9M                                   Toppan Merrill/FA
11/08/18  AMC Entertainment Holdings, Inc.  10-Q        9/30/18   92:32M
 9/20/18  AMC Entertainment Holdings, Inc.  8-K:1,2,3,5 9/14/18    5:2M                                     Toppan Merrill/FA
 8/07/18  AMC Entertainment Holdings, Inc.  10-Q        6/30/18   84:26M
 5/07/18  AMC Entertainment Holdings, Inc.  10-Q        3/31/18   84:20M
11/09/17  AMC Entertainment Holdings, Inc.  10-Q        9/30/17   77:26M
 6/13/17  AMC Entertainment Holdings, Inc.  8-K:1,2,9   6/13/17    2:117K
 5/11/17  AMC Entertainment Holdings, Inc.  8-K:1,9     5/09/17    2:1.4M                                   Toppan Merrill/FA
 5/08/17  AMC Entertainment Holdings, Inc.  10-Q        3/31/17   76:18M
 3/17/17  AMC Entertainment Holdings, Inc.  8-K:1,2,9   3/17/17    3:1.2M                                   Toppan Merrill/FA
11/09/16  AMC Entertainment Holdings, Inc.  10-Q        9/30/16   68:20M
11/08/16  AMC Entertainment Holdings, Inc.  8-K:1,2,9  11/08/16    4:4.8M                                   Toppan Merrill/FA
 3/31/16  AMC Entertainment Holdings, Inc.  8-K:1,2,3,8 3/31/16    3:115K                                   Toppan Merrill/FA
 3/10/16  Amc Entertainment Inc.            10-K       12/31/15  106:34M                                    Toppan Merrill-FA
12/15/15  AMC Entertainment Holdings, Inc.  8-K:5,8,9  12/14/15    3:296K                                   Toppan Merrill/FA
 6/05/15  Amc Entertainment Inc.            8-K:1,2,8,9 6/05/15    3:1.2M                                   Toppan Merrill/FA
 3/10/15  AMC Entertainment Holdings, Inc.  10-K       12/31/14  128:52M                                    Toppan Merrill-FA
11/07/14  AMC Entertainment Holdings, Inc.  10-Q        9/30/14   61:13M                                    Toppan Merrill-FA
 3/04/14  AMC Entertainment Holdings, Inc.  10-K       12/31/13   12:5.1M                                   Toppan Merrill-FA
 2/21/14  National CineMedia, Inc.          10-K       12/26/13  116:17M                                    Donnelley … Solutions/FA
12/23/13  AMC Entertainment Holdings, Inc.  8-K:3,8,9  12/17/13    4:147K                                   Toppan Merrill/FA
11/27/13  AMC Entertainment Holdings, Inc.  S-1/A                 10:6.6M                                   Toppan Merrill-FA
11/22/13  AMC Entertainment Holdings, Inc.  S-1/A                 11:6.7M                                   Toppan Merrill-FA
10/08/13  AMC Entertainment Holdings, Inc.  S-1/A                 12:7.3M                                   Toppan Merrill-FA
 5/03/13  Amc Entertainment Inc.            8-K:1,2,9   4/30/13    4:2.4M                                   Paul Weiss Ri… LLP 01/FA
 3/13/13  Amc Entertainment Inc.            10-KT      12/31/12  101:26M                                    Toppan Merrill-FA
 6/03/11  Amc Entertainment Inc.            10-K        3/31/11    6:3.3M                                   Toppan Merrill-FA
 6/18/07  Amc Entertainment Inc.            10-K        3/29/07   11:9.4M                                   Toppan Merrill/FA
 7/27/01  Amc Entertainment Inc.            10-K/A      3/29/01    7:275K
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