Nathan "Tripp" Lane
On May 22, 2024, the Board elected Nathan “Tripp” Lane as a member of the Board.
Highest-materiality recent filing
National CineMedia Q1 revenue $34M, net loss $28.6M; implements $11M cost savings plan
Revenue $34.0M, down 2.6% YoY; operating loss $26.9M vs $23.9M prior year.
NCM reports Q4 revenue up 8% to $93.2M, adj. EPS $0.28; declares $0.03 dividend
Q4 net income $29.3M ($0.31 diluted EPS) vs $24.7M ($0.26) a year ago; adjusted EPS $0.28 vs $0.23.
NCM Q4 revenue up 8% to $93.2M, net income $29.3M; declares $0.03 dividend; Q1 guidance negative
Q4 revenue $93.2M (+8% YoY); operating income $23.8M vs $20.0M; net income $29.3M ($0.31 diluted EPS).
NCM acquires Spotlight Cinema Networks; adds ~6% market share, expands NY/LA 30%
Acquired Spotlight Cinema Networks, the only U.S. cinema ad firm serving luxury/art house exhibitors.
National CineMedia Q3 net income $1.6M, revenue +1.6% to $63.4M; declares $0.03 dividend
Net income of $1.6M ($0.02 EPS) vs net loss of $3.6M ($0.04 loss) in Q3 2024.
NCMI Q2 revenue -5.3% to $51.8M; operating loss widens to $12.0M
Revenue $51.8M (-5.3% YoY); net loss $0.11 per diluted share.
NCM Q1 revenue $34.9M (-6.7%), net loss $0.24/sh; AMC partnership extended to 2042
Total revenue $34.9M vs $37.4M Q1 2024; operating loss $23.9M.
NCMI extends AMC exhibitor agreement to 2042, revises payment, ends litigation
Term extended by 5 years to Feb 13, 2042; revised consideration from July 1, 2025 based on attendance, screens, revenue.
NCM reintroduces $0.12 annual dividend, launches AI-powered Bullseye ad platform
Declared $0.03 quarterly dividend ($0.12 annual); payable April 7, 2025 to holders of record March 24, 2025.
National CineMedia Q4 revenue $86.3M, down 5.1% YoY; Q1 guidance $34-36M with negative OIBDA
Q4 net income $24.7M ($0.26 EPS) vs $23.7M ($0.24 EPS) in prior year.
National CineMedia enters $45M credit facility with U.S. Bank, replaces prior $55M facility
New $45M senior secured revolving credit facility matures Jan 24, 2028; no borrowings drawn as of Jan 27.
National CineMedia Q3 revenue $62.4M, exceeds guidance; scatter revenue up 35% YoY
NCM LLC revenue declined 10.3% YoY to $62.4M; consolidated revenue rose 152.6% due to restructuring.
National CineMedia Q1 revenue up 7.2% to $37.4M, net loss narrows; Q2 guidance below prior year
Revenue $37.4M (up 7.2% YoY); operating loss improved to $22.7M from $30.6M.
NCM reports Q4 revenue $90.9M flat YoY; announces $100M share repurchase
Q4 revenue $90.9M flat YoY; adjusted OIBDA $39.8M vs $42.1M; EPS $0.24 vs $0.60.
National CineMedia Q3 NCM LLC revenue up 27.7% to $69.6M; restructuring cuts $1.2B debt
NCM LLC total operating revenue $69.6M (+27.7% YoY); national ad revenue $52.0M (+31.0%).
NCM LLC Q2 net loss widens to $23.6M; revenue falls 4% YoY; emerges from Chapter 11
Net loss of $23.6M in Q2 2023 vs $15.0M in Q2 2022; six-month net loss $78.6M vs $54.6M.
Received Nasdaq letter on August 23, 2023 confirming cure of bid price deficiency under Listing Rule 5450(a)(1).
National CineMedia emerges from Chapter 11; eliminates ~$1.2B debt, obtains $55M exit financing
NCM LLC emerged from Ch.11 on 8/7/23; NCMI retains 13.8% stake in reorganized company.
National CineMedia, Inc. announces 1-for-10 reverse stock split effective August 4, 2023
Stockholders approved reverse stock split at a ratio between 1-for-10 and 1-for-100 at special meeting on August 2, 2023.
National CineMedia files Series A Preferred designation, issues 5M shares to support Chapter 11 plan
Filed Certificate of Designation for 5M Series A Preferred shares, par $0.01, with voting rights of 217.47 votes per common share equivalent.
Bankruptcy court confirms NCM's Chapter 11 plan; secured creditors get 100% of reorganized equity
Court confirmed Modified First Amended Chapter 11 Plan on June 27, 2023; effective date targeted by Aug 26, 2023.
Nasdaq Hearings Panel approved continued listing on interim basis through July 26, 2023.
NCM enters 10-year advertising agreement with Regal Cinemas covering 6,000+ screens
10-year exclusive ad rights at Regal's 6,000+ screens and 450 U.S. theaters, replacing prior Exhibitor Services Agreement.
National CineMedia receives Nasdaq delisting notice; hearing set for May 25, 2023
Failed to regain minimum $1.00 bid price compliance by April 26, 2023 deadline.
NCMI receives Nasdaq delisting notice after subsidiary Chapter 11 filing
Nasdaq deemed NCMI a public shell after subsidiary Ch.11 filing; suspension 4/28/2023 unless appeal.
NCM LLC files Chapter 11 with prearranged debt-to-equity restructuring; Q4 rev up 44%
Chapter 11 filing on April 11, 2023; NCM Inc. not filing and continues as manager.
NCM extends debt grace periods, issues 21.4M units to AMC and Cinemark, ownership drops to 89%
Supplemental Indenture extends interest grace period on 5.75% Senior Notes due 2026 from 47 to 57 days.
National CineMedia amends indenture to extend interest grace period; in talks with lenders
Supplemental Indenture extends interest payment grace period on 5.75% Senior Notes due 2026 from 30 to 47 days.
Elected 30-day grace period for $6.6M interest payment on Senior Notes due 2026.
NCMI amends credit agreements to add back professional fees in liquidity calculation
Minimum Liquidity Requirement remains $55M; professional fees paid after Jan 6, 2023, can be added to unrestricted cash.
AMC redeems all 5.95M common membership units in NCM, receives common stock
AMC (American Multi-Cinema, Inc.) redeemed 5,954,646 common membership units, representing 100% of its holdings.
On May 22, 2024, the Board elected Nathan “Tripp” Lane as a member of the Board.
On May 17, 2024, Tiago Lourenço notified National CineMedia, Inc. (“NCM, Inc.” or “the Company”) of his resignation from the Company’s Board of Directors (the “Board”), effective immediately.
Scott D. Felenstein, the Company's current President - Sales, Marketing and Partnerships, will step down from his role as of the Effective Date and depart the Company at the end of his contract on June 30, 2024.
appointed Catherine Sullivan, 58, as the Company's President - Sales, Marketing and Partnerships.
On August 7, 2023, the Board elected Bernadette Aulestia, Nicholas Bell, Tiago Lourenço, Joe Marchese, Jean-Phillipe Maheu and Lauren Zalaznick as members of the Board.
On August 7, 2023, the Board elected Bernadette Aulestia, Nicholas Bell, Tiago Lourenço, Joe Marchese, Jean-Phillipe Maheu and Lauren Zalaznick as members of the Board.
On August 7, 2023, the Board elected Bernadette Aulestia, Nicholas Bell, Tiago Lourenço, Joe Marchese, Jean-Phillipe Maheu and Lauren Zalaznick as members of the Board.
The Board also confirmed the appointment of Ms. Zalaznick as Chair of the Board.
On August 7, 2023, the Board elected Bernadette Aulestia, Nicholas Bell, Tiago Lourenço, Joe Marchese, Jean-Phillipe Maheu and Lauren Zalaznick as members of the Board.
On August 7, 2023, Lawrence A. Goodman, Kurt Hall, Mark Segall, Donna Reisman and Mark Zoradi notified the Company of their resignations from the Company’s Board of Directors (the “Board”), effective immediately in connection with the Effective Date.
On August 7, 2023, Lawrence A. Goodman, Kurt Hall, Mark Segall, Donna Reisman and Mark Zoradi notified the Company of their resignations from the Company’s Board of Directors (the “Board”), effective immediately in connection with the Effective Date.
On August 7, 2023, the Board elected Bernadette Aulestia, Nicholas Bell, Tiago Lourenço, Joe Marchese, Jean-Phillipe Maheu and Lauren Zalaznick as members of the Board.
Max materiality 0.90 · Median 0.62 · Most common event other_material