---
schema_version: "secwatch.filing_event.v1"
accession: "0001377630-22-000169"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2022-12-30T23:59:59+00:00"
generated_at: "2026-06-20T21:22:48.911008+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Regal Cinemas redeems all 40.7M common membership units for NCM common stock

## Summary
- Regal Cinemas redeemed 40,683,797 common membership units of NCM LLC for shares of NCM Inc. common stock on a one-for-one basis.
- Redemption represents all of Regal's units; shares issued under Section 4(a)(2) exemption from registration.
- NCM Inc. also entered a receivables sales agreement with NCM LLC to acquire ~$4.9M of accounts receivable at book value.

## SEC filing metadata
- accession: 0001377630-22-000169
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2022-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000137763022000169/0001377630-22-000169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000137763022000169/ncmllc-20221227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001377630-22-000169
- JSON: https://secwatch.observer/filing/0001377630-22-000169.json
- Plain text: https://secwatch.observer/filing/0001377630-22-000169.txt

## Key facts
- Material Agreements
  National CineMedia, Inc. entered into Receivables Sales Agreement with National CineMedia, LLC valued at approximately $4.9 million (effective 2022-12-28).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: National CineMedia, LLC
  - Value: approximately $4.9 million
  - Effective: 2022-12-28
  source text: On December 28, 2022, National CineMedia, LLC ("NCM LLC") and National CineMedia, Inc. ("NCM, Inc." or "The Company") entered into a Receivables Sales Agreement pursuant to which, NCM, Inc. acquired the right to approximately $4.9 million of NCM LLC’s accounts receivable at a purchase price equal to the book value of the accounts receivable in exchange for a cash payment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763022000169/0001377630-22-000169-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.