AMC Entertainment Holdings, Inc. (“AMC” or “the Company”), one of the
world’s leading theatrical exhibition companies and an industry leader
in innovation and operational excellence, today announced the
appointment of Kathleen M. Pawlus as an independent director of the
Company, effective as of December 17, 2014. Ms. Pawlus’ appointment
expands the size of the Board to nine directors, and increases the
number of independent directors from two to three. Ms. Pawlus will be a
member of AMC’s Audit committee and qualifies as a “financial expert.”
Ms. Pawlus is a partner of and the Global Assurance Chief Financial
Officer and Chief Operating Officer of Ernst and Young, LLP (“EY”). EY’s
Global Assurance practice is the largest of EY’s four service lines and
includes its Audit Practice, Fraud, Investigation and Dispute Services
Practice, Climate Change and Sustainability Services Practice and
Financial Accounting Advisory Services Practice. Ms. Pawlus spent her
entire career at EY having demonstrated success in audit, finance,
strategy, mergers and acquisitions, quality, information technology and
administration. Ms. Pawlus will retire from EY effective as of December
16, 2014
“Kathleen brings with her more than 30 years of extensive financial
experience, and we are excited to welcome her to AMC’s board of
directors,” said Gerry Lopez, AMC’s President and CEO. “We believe her
financial expertise and operational acumen will be extremely valuable as
AMC continues to innovate and grow, and we are confident Kathleen will
have an immediate and positive impact on our continued success.”
Ms. Pawlus graduated from Indiana University with a BS in Business and
is a Certified Public Accountant.
About AMC Entertainment Holdings, Inc.
AMC (NYSE:AMC) is the guest experience leader with 344 locations and
4,959 screens located primarily in the United States. AMC has propelled
innovation in the theatrical exhibition industry and continues today by
delivering more comfort and convenience, enhanced food & beverage,
greater engagement and loyalty, premium sight & sound, and targeted
programming. AMC operates the most productive theatres in the country’s
top markets, including No. 1 market share in the top three markets (NY,
LA, Chicago). www.amctheatres.com
Forward-Looking Statements
This press release includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements may
be identified by the use of words such as “forecast,” “estimate,”
“project,” “intend,” “expect,” “should,” “believe,” “continue,” and
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements are based on information available at the
time those statements are made and/or management’s good faith belief as
of that time with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to differ
materially from those expressed in or suggested by the forward-looking
statements. These risks and uncertainties include, but are not limited
to, decreased supply, quality and performance of, and delays in our
access to, motion pictures; risks relating to our significant
indebtedness; our ability to utilize net operating loss carry forwards
to reduce future tax liability; increased competition in the geographic
areas in which we operate and from alternative film delivery methods and
other forms of entertainment; continued effectiveness of our strategic
initiatives; the impact of shorter theatrical exclusive release windows;
the impact of governmental regulation, including anti-trust review of
our acquisition opportunities; and unexpected delays and costs related
to our optimization of our theatre circuit.
Forward-looking statements should not be read as a guarantee of future
performance or results, and will not necessarily be accurate indications
of the times at, or by, which such performance or results will be
achieved. For a detailed discussion of these risks and uncertainties,
see the section entitled “Risk Factors” in our Annual Report on Form
10-K, filed with the Securities and Exchange Commission on March 4,
2014, and our other public filings. The Company does not intend, and
undertakes no duty, to update this information to reflect future events
or circumstances, except as required by applicable law.
Copyright Business Wire 2014