Summary by Futu AI
On March 1, 2024, AMC Entertainment Holdings, Inc. announced the appointment of Sonia Jain as a Class III director on its Board of Directors, with her term set to expire at the 2026 Annual Meeting of Stockholders. The Board, following the recommendation of the Nominating and Corporate Governance Committee, has determined that Jain meets the New York Stock Exchange's requirements for an 'independent director' and qualifies as an 'audit committee financial expert' under SEC rules. Jain's extensive financial background includes her current role as CFO of Cars.com Inc., and previous positions as CFO of Convoy Inc. and Redbox Automated Retail LLC. Jain's appointment also includes her serving on the Audit Committee and receiving standard non-employee director compensation as outlined in the Company's proxy statement. Additionally, she has an indemnification agreement with AMC Entertainment. The Company has issued a press release on the same date to publicly announce Jain's election to the Board.