AMC Entertainment CEO Adam Aron received compensation of $9.67 million in 2019, up from $9.5 million in 2018, according to the cinema giant's proxy statement filed Wednesday with the Securities and Exchange Commission.
The proxy statement was issued after AMC Theatres and other U.S. cinema chains closed down amid the coronavirus pandemic, with pay cuts and furloughs for top management to reduce a cash burn.
Aron took home $6.48 million in stock awards last year, compared with $5.5 million in 2018, on top of his base salary for 2019 that amounted to $1.25 million, against $1.1 million for 2018.
His latest compensation follows AMC Theatres working on plans to reopen its 630-plus U.S. locations after they were shut down during the coronavirus.
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