AMC ENTERTAINMENT HOLDINGS, INC. SEC Filings

Discovery Capital Management, LLC, together with Robert K. Citrone and Discovery Global Opportunity Master Fund, Ltd., reports beneficial ownership of Class A common stock of AMC Entertainment Holdings, Inc. as of 06/30/2026.

Discovery Capital Management, LLC and Robert K. Citrone each report beneficial ownership of 51,799,352 AMC Class A shares, representing 5.8% of the class, all with shared voting and dispositive power and no sole power. Discovery Global Opportunity Master Fund, Ltd. reports 47,261,555 shares, representing 5.3% of the class, also with shared voting and dispositive power only.

All reported securities are directly owned by advisory clients of Discovery Capital Management, LLC, with the Master Fund as the only advisory client that may be deemed to beneficially own more than 5% of the class. The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.

AMC Entertainment Holdings, Inc. is asking stockholders at the September 24, 2026 annual meeting to approve several major governance and compensation changes. Proposal 1 would declassify the Board so all directors stand for annual elections starting in 2026 and remove certificate-based limits on the number of directors. Depending on that outcome, stockholders will elect either 10 one-year directors or three Class III directors.

Proposal 3 would allow stockholder action by written consent, and Proposal 4 would let stockholders call special meetings, implemented through new bylaws with a 20% ownership threshold and procedural safeguards. Proposal 5 would double the 2024 Equity Incentive Plan share reserve from 25,000,000 to 50,000,000 Class A shares; AMC notes only 7,023,464 shares remain available and 8,966,579 shares are tied to outstanding RSU/PSU awards at maximum payout, with the stock at $2.82 on July 31, 2026. The Board states that without additional shares, 2026 equity awards might need to be settled in cash of $17.1 million to $58.6 million, which it characterizes as a strain on cash flow.

Other items include ratifying Ernst & Young LLP as auditor, non-binding Say-On-Pay and say-when-on-pay votes (Board preference: one year), and authority to adjourn the meeting. There were 892,604,638 Class A shares outstanding on the July 31, 2026 record date, each entitled to one vote.

AMC Entertainment Holdings, Inc. received an amended ownership report from UBS Group AG and certain subsidiaries regarding AMC Class A common stock. UBS states that, as of June 30, 2026, it beneficially owns 0 shares, representing 0.0% of this class, with no sole or shared voting or dispositive power.

The amendment is explicitly corrective: a prior filing used an incorrect event date of December 31, 2025. This amendment confirms June 30, 2026 as the correct event date while reiterating UBS Group’s position as owning 5 percent or less of the class.

AMC Entertainment Holdings, Inc. received an amended Schedule 13G/A from UBS Group AG and certain subsidiaries reporting that they no longer beneficially own any Class A common stock of AMC. As of December 31, 2025, UBS reports 0 shares beneficially owned, representing 0% of the class, with no sole or shared voting or dispositive power over AMC shares. The filing indicates UBS now falls under the category of owning 5 percent or less of this class of securities.

BlackRock, Inc. reports beneficial ownership of AMC Entertainment Holdings Inc. Class A stock on an amended Schedule 13G. As of June 30, 2026, BlackRock and its reporting business units beneficially owned 48,917,321 AMC Class A shares, representing 5.5% of the class.

BlackRock has sole voting power over 48,036,476 shares and sole dispositive power over 48,917,321 shares, with no shared voting or dispositive power reported. Various underlying clients have rights to dividends or sale proceeds, but no single person has more than five percent of AMC’s outstanding common shares.

AMC Entertainment Holdings, Inc. is asking stockholders to approve several significant governance and compensation items at the 2026 annual meeting on September 24, 2026, for holders of Class A common stock as of the July 31, 2026 record date.

The company seeks to declassify the board so all directors stand for annual one‑year terms beginning in 2026, and to remove charter restrictions so stockholders may act by written consent and, via bylaw changes, call special meetings (at a 20% ownership threshold). It also proposes doubling the 2024 Equity Incentive Plan share pool from 25,000,000 to 50,000,000 shares to preserve equity-based pay and avoid potentially large cash settlements of $17.1 million to $58.6 million for 2026 awards. Additional items include election of directors under either a declassified or classified structure, ratification of Ernst & Young LLP as auditor for 2026, an advisory say-on-pay vote, an advisory vote on say-on-pay frequency, and authority to adjourn the meeting to solicit more proxies if needed.

AMC Entertainment Holdings, Inc. reported stronger top-line and operating performance for the quarter and six months ended June 30, 2026. Total revenues were $1,596.7 million for the quarter and $2,642.1 million year‑to‑date, up from $1,397.9 million and $2,260.4 million in 2025, driven by higher admissions and food and beverage sales. Adjusted EBITDA rose to $321.4 million for the quarter and $359.7 million for the six months, compared with $189.5 million and $131.8 million a year earlier. The company still recorded a net loss of $11.4 million for the quarter and $128.5 million for the six months, though the year‑to‑date loss narrowed versus 2025.

Liquidity improved, with cash and restricted cash of $819.5 million at June 30, 2026 and net cash provided by operating activities of $106.9 million, compared with a use of $231.6 million in the prior‑year period. Principal corporate borrowings were $3,914.2 million, and total liabilities exceeded assets, leaving a stockholders’ deficit of $1,452.7 million. AMC continued to reshape its capital structure by issuing equity and exchanging debt, including a $200.0 million registered direct offering at $2.10 per share, $150.0 million raised through at‑the‑market offerings, and the issuance of 142.1 million shares to settle its New Exchangeable Notes.

AMC Entertainment Holdings, Inc. reported record second‑quarter 2026 results, with total revenues of $1,596.7 million and Adjusted EBITDA of $321.4 million, the highest quarterly figures in its 106‑year history. Revenues rose 14.2% year over year, Adjusted EBITDA increased by $131.9 million, and margin improved to 20.1%. Attendance grew 13.5% to 71,290 thousand patrons as both U.S. and international markets expanded. Despite a GAAP net loss of $11.4 million, adjusted net earnings were $104.3 million, equating to adjusted diluted earnings per share of $0.14. Free cash flow reached $190.1 million, supported by $235.4 million of net cash from operating activities.

Cash and cash equivalents were $778.4 million at June 30, 2026, while corporate borrowings (principal amount) declined to $3,914.2 million and AMC’s stockholders’ deficit narrowed to $(1,452.7) million. Management highlighted refinancing $400 million of debt, raising approximately $285 million of equity and eliminating or initiating eliminations of approximately $282 million of debt. Since the end of 2020, principal debt balances have been reduced by approximately $1.7 billion, with no currently expected maturities until 2029. Second‑quarter actions reduced annual cash interest expense by $16 million and are expected to lower interest on approximately 75% of debt by approximately $51 million, assuming current leverage and benchmark rates.