secwatch.observer — SEC 8-K summary
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Issuer:     National CineMedia, Inc. (NCMI)
CIK:        0001377630
Form:       8-K
Filed at:   2026-11-10T21:01:34+00:00
Accession:  0001193125-26-455387
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

NCMI CEO Tom Lesinski to retire Dec 31, 2026; board hires Korn Ferry to lead successor search
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- Thomas F. Lesinski will retire as Chief Executive Officer and step off the Board, with anticipated departure December 31, 2026; he remains CEO through the transition.
- Board retained search firm Korn Ferry to identify a successor CEO; no replacement has been named.
- Transition and Separation Agreement dated Nov 9, 2026: $3,000,000 severance paid over 12 months after departure, COBRA up to 12 months, and eligibility for the 2026 annual bonus.
- Outstanding equity awards vest pro-rata through the Transition Date; performance stock units remain eligible to vest based on actual performance.
- Lesinski joined the Board in 2014 and became CEO in 2019; he cited the closing of the Captivate acquisition as the right time to hand over leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377630/000119312526455387/0001193125-26-455387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377630/000119312526455387/ncmi-20261110.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-455387

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