Summary by Moomoo AI
At AMC Entertainment's 2024 Annual Meeting on June 5, shareholders approved the 2024 Equity Incentive Plan, authorizing 25 million shares of Class A common stock for future awards. The plan will be used for compensatory grants to employees, directors, and consultants with vesting conditions set by the compensation committee.Shareholders elected all Class I directors - Philip Lader, Gary Locke, and Adam Sussman - to serve until 2027. However, several key proposals failed to receive the required majority approval, including board declassification, elimination of restrictions on shareholder written consent, and removal of limitations on calling special meetings.Notably, shareholders rejected the non-binding advisory vote on executive compensation, with 61.1% voting against. The meeting saw participation from 138.6 million shares out of 276.4 million eligible shares, with Ernst & Young LLP ratified as the independent auditor for fiscal year 2024.
