8-K
filed November 7, 2023, 6:59 PM ET
ticker NCMI
CIK 0001377630
earnings
confidence high
sentiment neutral
materiality 0.75
National CineMedia Q3 NCM LLC revenue up 27.7% to $69.6M; restructuring cuts $1.2B debt
National CineMedia, Inc.
2023-Q3 EPS reported
$20.72
revenue$74,400,000
- NCM LLC total operating revenue $69.6M (+27.7% YoY); national ad revenue $52.0M (+31.0%).
- Operating loss $150.7M includes $125.6M charge from Regal's ESA termination; adjusted OIBDA $11.3M (up from $7.0M).
- Financial restructuring completed eliminated $1.2B debt; net debt negative $13.0M post-restructuring.
- Q4 2023 NCM LLC revenue guidance $85-88M (vs $91.7M in Q4 2022); adjusted OIBDA guidance $30-33M.
- Stockholders approved increase of 12M shares under the 2020 Omnibus Incentive Plan.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.92
National CineMedia, Inc. reported the third quarter 2023, ended September 28, 2023 results: revenue $69.6 million. Guidance reaffirmed.
- Period
- the third quarter 2023, ended September 28, 2023
- Revenue
- $69.6 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
advertising platform, NCM is well positioned to unlock significant shareholder value going forward.” In the third quarter of 2023, NCM LLC delivered total operating revenue of $69.6 million, up 27.7% compared $54.5 million in the third quarter of 2022. NCM LLC’s national advertising revenue increased to $52.0 million, up 31.0% compared to $39.7 million in the third
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
National CineMedia, Inc. reported the fourth quarter of 2023 results: revenue $85.0 million to $88.0 million. Guidance initiated.
- Period
- the fourth quarter of 2023
- Revenue
- $85.0 million to $88.0 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For the fourth quarter of 2023, NCM LLC expects to earn total revenue of $85.0 million to $88.0 million
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
National CineMedia, Inc. shareholders approved Advisory Vote on the Frequency of Future Executive Compensation Advisory Votes at the 2023-11-02 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-11-02
Exact text from the filing
Proposal No. 3 — Advisory Vote on the Frequency of Future Executive Compensation Advisory Votes 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 51,653,330 35,173 297,217 381,160 3,299,630
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
National CineMedia, Inc. shareholders approved To ratify the appointment of Deloitte & Touche LLP as the Company's independent auditors for the year ending December 28, 2023 at the 2023-11-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-11-02
Exact text from the filing
Proposal No. 5 — To ratify the appointment of Deloitte & Touche LLP as the Company's independent auditors for the year ending December 28, 2023 For Against Abstentions Broker Non-Votes 55,066,339 183,654 416,517 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
National CineMedia, Inc. shareholders approved Advisory Approval of the Company's Executive Compensation at the 2023-11-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-11-02
Exact text from the filing
Proposal No. 2 — Advisory Approval of the Company's Executive Compensation For Against Abstentions Broker Non-Votes 45,036,688 6,755,912 574,280 3,299,630
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
National CineMedia, Inc. shareholders approved Approval of Increase in Number of Shares Available Under the 2020 Omnibus Incentive Plan at the 2023-11-02 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-11-02
Exact text from the filing
Proposal No. 4 — Approval of Increase in Number of Shares Available Under the 2020 Omnibus Incentive Plan For Against Abstentions Broker Non-Votes 46,094,470 5,694,862 577,548 3,299,630
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
National CineMedia, Inc. shareholders approved Election of Directors at the 2023-11-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-11-02
Exact text from the filing
Proposal No. 1 — Election of Directors Name For Withheld Broker Non-Votes Lauren Zalaznick 52,166,155 200,725 3,299,630 Bernadette Aulestia 52,175,216 191,664 3,299,630 Nicholas Bell 52,152,509 214,371 3,299,630 David E. Glazek 47,538,209 4,828,671 3,299,630 Juliana F. Hill 47,713,673 4,653,207 3,299,630 Thomas F. Lesinski 47,686,961 4,679,919 3,299,630 Tiago Lourenço 47,740,995 4,625,885 3,299,630 Jean-Philippe Maheu 52,143,515 223,365 3,299,630 Joe Marchese 52,120,959 245,921 3,299,630
View on SEC.gov
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