secwatch.observer — SEC 8-K summary
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Issuer:     National CineMedia, Inc. (NCMI)
CIK:        0001377630
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001377630-24-000048
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCMI appoints Grant Thornton as new auditor; issues NCM LLC units to AMC, Cinemark
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- Audit Committee dismissed Deloitte and appointed Grant Thornton as independent auditor for FY ending Dec 26, 2024, effective March 19.
- Deloitte's prior reports were unqualified but included going-concern explanatory paragraphs due to bankruptcy proceedings.
- No disagreements with Deloitte on accounting principles or disclosures in fiscal years 2023, 2022, and interim period.
- Annual common unit adjustment: Cinemark receives 132,096 NCM LLC units (0.1% interest), AMC receives 3,377 units; NCM, Inc. retains 99.9%.
- Units issuable April 1, 2024, are redeemable for NCMI common stock on a one-for-one basis at member's election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377630/000137763024000048/0001377630-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377630/000137763024000048/ncmllc-20240318.htm
  HTML page:      https://secwatch.observer/filing/0001377630-24-000048

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