{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-043215","form_type":"8-K","ticker":"NCMI","cik":"0001377630","company_name":"National CineMedia, Inc.","filed_at":"2025-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.474319+00:00","generated_at":"2026-05-24T08:36:35.129639+00:00","sec_items":["3.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NCMI board cuts to 7 directors; unit adjustment yields 100% NCM LLC ownership","bullets":["Board adopted bylaw amendment reducing director count from nine to seven, effective May 1, 2025.","Annual common unit adjustment for FY2024: AMC returned 3,290 units; NCM Inc. now holds 100% of NCM LLC (from 99.9%).","Adjustment settlements due April 2, 2025; Cinemark's negative adjustment of 10,757 units to be paid in cash to NCM LLC.","The adjustment reflects changes in theater attendance from new construction or closures per the Common Unit Adjustment Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-043215","json":"https://secwatch.observer/filing/0000950170-25-043215.json","markdown":"https://secwatch.observer/filing/0000950170-25-043215.md","text":"https://secwatch.observer/filing/0000950170-25-043215.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377630/000095017025043215/0000950170-25-043215-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377630/000095017025043215/ncmi-20250317.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T08:36:35.129639+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bc00000b416fed31dde2fccf71bbd1a79e3ab47","claim":"National CineMedia, Inc.: Reduced board size from nine to seven directors effective immediately before the 2025 Annual Meeting (effective 2025-05-01).","evidence_excerpt":"the Board of Directors (the “Board”) of the Company adopted an amendment to Section 3.02 (the “Amendment”) of the Company’s Amended and Restated Bylaws (the “Bylaws”) that, effective immediately prior to the start of the Company’s 2025 Annual Meeting of Stockholders to occur on May 1, 2025, reduces the number of directors from nine to seven.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000095017025043215/0000950170-25-043215-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-05-01"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}