---
schema_version: "secwatch.filing_event.v1"
accession: "0001377630-23-000116"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:36:41.030389+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# National CineMedia, Inc. announces 1-for-10 reverse stock split effective August 4, 2023

## Summary
- Stockholders approved reverse stock split at a ratio between 1-for-10 and 1-for-100 at special meeting on August 2, 2023.
- Board set final 1-for-10 ratio on August 2, 2023; split reduces outstanding shares from 174,191,498 to ~17,419,150.
- Reverse split fulfills obligations under Restructuring Support Agreement and NCM LLC's Chapter 11 Plan of Reorganization.
- Split expected to help regain Nasdaq minimum $1.00 average closing price compliance; no fractional shares issued.
- Common stock begins trading on split-adjusted basis under same ticker NCMI on August 4, 2023.

## SEC filing metadata
- accession: 0001377630-23-000116
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000116/0001377630-23-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000116/ncmllc-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001377630-23-000116
- JSON: https://secwatch.observer/filing/0001377630-23-000116.json
- Plain text: https://secwatch.observer/filing/0001377630-23-000116.txt

## Key facts
- Governance Changes
  National CineMedia, Inc.: Filed a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation to effect a 1-for-10 reverse stock split (effective 2023-08-03).
  - Change: charter amendment
  - Effective: 2023-08-03
  source text: On August 3, 2023 (the “Effective Date”), National CineMedia, Inc., (the “Company” or “NCM, Inc.”) filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware to effect a 1-for-10 reverse stock split of the Company’s issued and outstanding common stock, par value $0.01 per share (the “Common Stock”), effective upon the filing of the Certificate of Amendment (the “Reverse Stock Split”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000116/0001377630-23-000116-index.htm
- Shareholder Votes
  National CineMedia, Inc. shareholders approved Adopt the Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split at the 2023-08-02 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-08-02
  source text: Proposal No. 1 — Adopt the Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split Type of Security For Against Abstentions Broker Non-Votes Common Stock 75,279,465 2,515,152 66,010 — Series A Preferred 1,087,350,000 — — — Total 1,162,629,465 2,515,152 66,010 — This proposal required the approval of both (i) the affirmative vote of a majority of the votes cast by the holders of shares of the Common Stock and Series A Preferred stock, voting together as a class, and (ii) the affirmative vote of a majority of the votes cast by the holders of shares of the Common Stock. Both voting standards were satisfied at the Special Meeting and the proposal was approved.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000116/0001377630-23-000116-index.htm

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