{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-219406","form_type":"8-K","ticker":"NCMI","cik":"0001377630","company_name":"National CineMedia, Inc.","filed_at":"2026-05-12T20:08:10+00:00","discovered_at":"2026-05-12T20:09:01.315855+00:00","generated_at":"2026-05-12T21:23:58.036232+00:00","sec_items":["2.02","5.07","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"National CineMedia Q1 revenue $34M, net loss $28.6M; implements $11M cost savings plan","bullets":["Revenue $34.0M, down 2.6% YoY; operating loss $26.9M vs $23.9M prior year.","Net loss $28.6M ($0.31 diluted EPS); adjusted net loss per share $0.23.","Operational transformation targeting $11M annualized cost savings; $3M realized, up to $6M in 2026.","Q2 2026 outlook: revenue $57-63M, Adjusted OIBDA $1-5M.","Declared $0.03/share cash dividend, payable June 4, 2026 to holders of record May 22, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-219406","json":"https://secwatch.observer/filing/0001193125-26-219406.json","markdown":"https://secwatch.observer/filing/0001193125-26-219406.md","text":"https://secwatch.observer/filing/0001193125-26-219406.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526219406/0001193125-26-219406-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526219406/ncmi-20260507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T21:23:58.036232+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":"93733e3c953f22e43f777cac8efaf6960df9d2fb","claim":"National CineMedia, Inc. reported the fiscal first quarter ended April 2, 2026 results: revenue $34.0 million, net income $28.6 million, or $0.31 net loss per diluted share.","evidence_excerpt":"Total revenue for the first quarter ended April 2, 2026 decreased 2.6% to $34.0 million as compared to $34.9 million for the first quarter of 2025. Operating loss increased to $26.9 million for the first quarter of 2026 from operating loss of $23.9 million for the first quarter of 2025. Net loss decreased to $28.6 million, or $0.31 net loss per diluted share, for the first quarter of 2026 from net loss of $30.7 million, or $0.32 net loss per diluted share, for the first quarter of 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526219406/0001193125-26-219406-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended April 2, 2026"},{"label":"Revenue","value":"$34.0 million"},{"label":"Net income","value":"$28.6 million, or $0.31 net loss per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d49ec5f80e90fa92fdd34eafef5496cd2ffa920d","claim":"National CineMedia, Inc. reported the second quarter of 2026 results: revenue $57.0 million to $63.0 million. Guidance initiated.","evidence_excerpt":"For the second quarter of 2026, NCM LLC expects to earn total revenue of $57.0 million to $63.0 million and Adjusted OIBDA in the range of $1.0 million to $5.0 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526219406/0001193125-26-219406-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2026"},{"label":"Revenue","value":"$57.0 million to $63.0 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"222e62e7877295eb579a8115ff52bf053a4bf65c","claim":"National CineMedia, Inc. shareholders approved Advisory Approval of the Company’s Executive Compensation at the 2026-05-07 meeting.","evidence_excerpt":"Proposal No. 2 — Advisory Approval of the Company’s Executive Compensation For Against Abstentions Broker Non-Votes 62,083,196 9,015,203 1,247,467 4,454,418","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526219406/0001193125-26-219406-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2026-05-07"}],"fact_type":"shareholder_vote"},{"claim_id":"3496c0b9bdacb328e849494962c3e4a317ee303b","claim":"National CineMedia, Inc. shareholders approved To ratify the appointment of Grant Thornton LLP as the Company’s independent auditors for the year ending December 31, 2026 at the 2026-05-07 meeting.","evidence_excerpt":"Proposal No. 3 — To ratify the appointment of Grant Thornton LLP as the Company’s independent auditors for the year ending December 31, 2026 For Against Abstentions Broker Non-Votes 76,742,632 33,915 23,737 -","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526219406/0001193125-26-219406-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2026-05-07"}],"fact_type":"shareholder_vote"},{"claim_id":"498007b720b3bdc5064e6d8a3044b685a230423f","claim":"National CineMedia, Inc. shareholders approved Election of Directors at the 2026-05-07 meeting.","evidence_excerpt":"Proposal No. 1— Election of Directors Name For Withheld Broker Non-Votes David E. Glazek 71,517,527 828,339 4,454,418 Nicholas Bell 71,535,953 809,913 4,454,418 Kelly Campbell Kotzman 72,139,778 206,088 4,454,418 Juliana F. Hill 72,138,903 206,963 4,454,418 Thomas F. Lesinski 72,204,008 141,858 4,454,418 Joseph Marchese 72,140,441 205,425 4,454,418 Simon Mullaly 71,989,967 355,899 4,454,418 Mark Sadie 72,011,656 334,210 4,454,418","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1377630/000119312526219406/0001193125-26-219406-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2026-05-07"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}