--- schema_version: "secwatch.filing_event.v1" accession: "0001377630-23-000188" form_type: "8-K" ticker: "NCMI" cik: "0001377630" company_name: "National CineMedia, Inc." filed_at: "2023-11-07T23:59:59+00:00" generated_at: "2026-06-08T14:16:47.597269+00:00" event_type: "earnings" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # National CineMedia Q3 NCM LLC revenue up 27.7% to $69.6M; restructuring cuts $1.2B debt ## Summary - 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. ## SEC filing metadata - accession: 0001377630-23-000188 - form_type: 8-K - ticker: NCMI - cik: 0001377630 - company_name: National CineMedia, Inc. - filed_at: 2023-11-07T23:59:59+00:00 - event_type: earnings - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02, 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/ncmllc-20231102.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001377630-23-000188 - JSON: https://secwatch.observer/filing/0001377630-23-000188.json - Plain text: https://secwatch.observer/filing/0001377630-23-000188.txt ## Key facts - Earnings Releases 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm - Earnings Releases 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 source text: For the fourth quarter of 2023, NCM LLC expects to earn total revenue of $85.0 million to $88.0 million evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm - Shareholder Votes 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 source text: 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 — evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm - Shareholder Votes National CineMedia, Inc. shareholders approved Election of Directors at the 2023-11-02 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-11-02 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763023000188/0001377630-23-000188-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.