Summary by Futu AI
AMC Entertainment Holdings, Inc. (AMC) has announced the introduction of the AMC Entertainment Holdings, Inc. 2024 Equity Incentive Plan (the 2024 Plan), which is set to replace the expiring 2013 Equity Incentive Plan. The new plan, subject to shareholder approval, will reserve 25 million shares of common stock for future stock-based incentives. The 2024 Plan aims to attract, retain, and motivate employees, consultants, and directors, aligning their interests with those of shareholders and promoting the company's long-term success. The plan will offer various awards, including stock options, stock appreciation rights, and restricted stock units. The Board of Directors has approved the 2024 Plan, with the effective date contingent on shareholder approval. The announcement also detailed the plan's key governance features, such as director pay caps and prohibition of stock option repricing without shareholder consent. The 2024 Plan is designed to comply with applicable securities and tax laws and includes provisions for non-U.S. participants. AMC's Board recommends shareholders vote in favor of the new equity incentive plan.