AMC Networks enters new employment pact with Dan McDermott: $1.625M base, 130% bonus, $1.6M LTI

AMC Global Media Inc.

New employment agreement with Dan McDermott runs from Nov 18, 2025 through Dec 31, 2028.
Minimum annual base salary of $1,625,000 (retroactive to July 1, 2025) and target bonus of 130% of paid salary (retroactive to Jan 1, 2025).
Expected annual long-term incentive awards of at least $1,600,000 starting 2026, split cash/equity; additional $600,000 LTI for 2025 cycle.
Severance: at least 2x base salary plus target bonus upon qualifying termination, with accelerated vesting of equity/cash awards.
Agreement includes standard restrictive covenants, clawback policy, and indemnification provisions.

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