Cinemark : Submission of Matters to a Vote of Security Holders - Form 8-K
May 20, 2024 at 06:03 am EDT
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Item 5.02 Compensatory Arrangements of Certain Officers.
(e) On May 15, 2024, a majority of the stockholders of Cinemark Holdings, Inc. (the "Company", "we" or "our") approved the Cinemark Holdings, Inc. 2024 Long-Term Incentive Plan (the "2024 LTIP"). The 2024 LTIP replaces the 2017 Omnibus Incentive Plan, as amended, which has been terminated effective May 15, 2024. The following description does not constitute a complete summary of the 2024 LTIP and is qualified in its entirety by the provisions of the 2024 LTIP, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
The 2024 LTIP permits our Board of Directors to award our employees, directors, and consultants, and the employees, directors, and consultants of any parent and subsidiary companies, shares of our common stock in an effort to obtain and retain the services of employees, directors and consultants who will contribute to our long-range success. The 2024 LTIP provides a means by which we may give eligible participants an opportunity to benefit from increases in value of our common stock through the granting of one or more of the following:
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Stock options (including both incentive stock options and nonqualified stock options)
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Restricted awards, which include restricted stock, restricted stock units and performance stock units,
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Stock appreciation rights, or SARs, and
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Other stock-based and cash-based awards.
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20 May 2024 and is solely responsible for the information contained therein. Distributed by
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Cinemark Holdings, Inc., is engaged in the motion picture exhibition business. The Company operates through two segments: United States markets and international markets. It operates 501 theatres and 5,719 screens in the United States, and Latin America. The Companyâs United States circuit operated 309 theatres and 4,324 screens and its Latin America circuit operated 192 theatres and 1,395 screens across 13 countries. It also plays mainstream films from many different genres, such as animated films, family films, dramas, comedies, horror, and action films. The Company offers various alternative entertainment content for its guests, which includes concert, sporting, and gaming events, as well as art, independent, faith-based, and multicultural foreign language films. In addition, it provides the functionality and technological infrastructure to live-stream events via satellite network across its portfolio of theatres in the United States and Latin America.
CINEMARK HOLDINGS, INC. 
