---
schema_version: "secwatch.filing_event.v1"
accession: "0001377630-24-000008"
form_type: "8-K"
ticker: "NCMI"
cik: "0001377630"
company_name: "National CineMedia, Inc."
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T09:49:35.959610+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# National CineMedia adopts modified equity awards per bankruptcy plan; cuts quorum to one-third

## Summary
- Compensation Committee approved time-based RSUs vesting 30% by Dec 2024, then quarterly through 2026.
- Performance-based RSUs: 50% tied to total shareholder value ($8.75-$12.75 threshold) and 50% to unlevered FCF per share targets.
- Bylaws amended to reduce stockholder meeting quorum from a majority to one-third of outstanding shares.
- Awards issued under Emergence Management Incentive Plan Requirement from August 2023 Chapter 11 emergence.

## SEC filing metadata
- accession: 0001377630-24-000008
- form_type: 8-K
- ticker: NCMI
- cik: 0001377630
- company_name: National CineMedia, Inc.
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000008/0001377630-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000008/ncmllc-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001377630-24-000008
- JSON: https://secwatch.observer/filing/0001377630-24-000008.json
- Plain text: https://secwatch.observer/filing/0001377630-24-000008.txt

## Key facts
- Governance Changes
  National CineMedia, Inc.: Amended Bylaws to reduce stockholder meeting quorum from majority to one-third of outstanding voting shares (effective 2024-02-01).
  - Change: bylaw amendment
  - Effective: 2024-02-01
  source text: On February 1, 2024, the Board of Directors of the Company adopted an amendment (the “Bylaws Amendment”) to the Company’s Amended and Restated Bylaws to reduce the quorum required at all meetings of the Company’s stockholders for the transaction of business, to one-third of the stock issued and outstanding and entitled to vote, represented in person or by proxy, except as otherwise provided by statute or by the Company’s amended and restated certificate of incorporation, as amended, (the “Reduced Quorum Requirement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1377630/000137763024000008/0001377630-24-000008-index.htm

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