Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our common equity consists of Class A common stock (“Common Stock”). Our Common Stock has traded on the New York Stock Exchange (the “NYSE”) since December 18, 2013 under the symbol “AMC”.
Holders of Shares
On February 18, 2025 approximately 1.7 million shares of our Common Stock were directly registered with our transfer agent by 14,761 shareholders. The balance of our outstanding Common Stock was held in “street name” through bank or brokerage accounts.
Dividend Policy
The payment of future dividends is subject to our Board of Directors’ discretion and dependent on many considerations, including limitations imposed by covenants in the agreements governing our indebtedness, operating results, capital requirements, strategic considerations and other factors.
We will only be able to pay dividends from our available cash on hand and funds received from our subsidiaries. Their ability to make any payments to us will depend upon many factors, including our operating results, cash flows, and the indentures governing our debt securities. The declaration and payment of any future dividends will be at the sole discretion of our Board of Directors after taking into account various factors, including legal requirements, our subsidiaries’ ability to make payments to us, our financial condition, operating results, cash flow from operating activities, available cash and current and anticipated cash needs. See the Liquidity and Capital Resources section of Part II, Item 7 of this Form 10-K for further information regarding the dividend restrictions.
Securities Authorized for Issuance Under Equity Compensation Plans
See Part III, Item 12 of this Annual Report on Form 10-K.
Unregistered Sales of Equity Securities and Use of Proceeds
Sale of Unregistered Securities
Except as reported in Item 3.02 of our Current Reports on Form 8-K filed with the SEC on May 15, 2024, July 22, 2024 (as amended by the Form 8-K filed on July 25, 2024), September 30, 2024, and November 12, 2024, all of which are incorporated by reference into this Annual Report on Form 10-K, there were no sales of unregistered securities during the fiscal year ended December 31, 2024.
Issuer Purchase of Equity Securities
None.
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Performance Graph
The following stock price performance graph should not be deemed incorporated by reference by any general statement incorporating by reference this Annual Report on Form 10-K into any filing under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or the Securities Act of 1933, as amended (the “Securities Act”), as amended, except to the extent that we specifically incorporate this information by reference and shall not otherwise be deemed filed under such acts.
The following stock performance graph compares, for the period December 31, 2019 through December 31, 2024, the cumulative total stockholder returns for AMC’s Common Stock, the Standard & Poor’s Corporation Composite 500 Index and a self-determined peer group consisting of Cinemark Holdings, Inc. (CNK) and IMAX Corporation (IMAX). Measurement points are the last trading day for each month ended December 31, 2019 through December 31, 2024. The graph assumes that $100.00 was invested on December 31, 2019 in our Common Stock and in our peer group and in the Standard & Poor’s Corporation Composite 500 Index and assumes reinvestment of any dividends.
The stock price performance below is not necessarily indicative of future stock price performance.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among AMC Entertainment Holdings, Inc., the S&P 500 Index, and a Peer Group
*$100 invested on December 31, 2019 in stock or in index, including reinvestment of dividends. Historical AMC share prices were adjusted by LSEG to reflect the impact of the Special Dividend paid on August 19, 2022 and the reverse stock split on August 24, 2023. Fiscal year ended December 31.
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12/19
3/20
6/20
9/20
12/20
AMC Entertainment Holdings, Inc.
100.00
44.12
59.89
65.76
29.60
S&P 500
100.00
80.40
96.92
105.57
118.40
Peer Group
100.00
33.86
39.51
36.81
60.85
3/21
6/21
9/21
12/21
AMC Entertainment Holdings, Inc.
142.54
791.31
531.36
379.74
S&P 500
125.71
136.46
137.25
152.39
Peer Group
70.16
75.32
66.10
57.66
3/22
6/22
9/22
12/22
AMC Entertainment Holdings, Inc.
344.00
189.17
158.40
92.50
S&P 500
145.38
121.97
116.02
124.79
Peer Group
61.58
54.02
44.11
36.55
3/23
6/23
9/23
12/23
AMC Entertainment Holdings, Inc.
113.86
100.00
20.58
15.76
S&P 500
134.14
145.87
141.10
157.59
Peer Group
55.99
57.73
64.45
49.84
3/24
6/24
9/24
12/24
AMC Entertainment Holdings, Inc.
9.58
12.83
11.72
10.25
S&P 500
174.23
181.69
192.39
197.02
Peer Group
60.36
69.80
88.75
101.66
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Item 6. [Reserved].
Not applicable