8-KThe WireRoutine
Company Update
Filed Aug 24, 2023 · 2y ago · Accession 0001104659-23-094947
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): August 24,
2023
AMC
ENTERTAINMENT HOLDINGS, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
001-33892
26-0303916
(State
or Other Jurisdiction of
(Commission
File Number)
(I.R.S.
Employer Identification
Incorporation)
Number)
One AMC Way
11500 Ash Street , Leawood , KS 66211
(Address of Principal Executive Offices, including
Zip Code)
( 913 ) 213-2000
(Registrant’s Telephone Number, including
Area Code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title
of each class
Trading
Symbol
Name
of each exchange on which registered
Class
A common stock
AMC
New
York Stock Exchange
AMC Preferred Equity Units , each constituting a depositary share representing 1/100th interest in a share of Series A Convertible Participating
Preferred Stock
APE
New York Stock Exchange
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events.
In
connection with the previously announced settlement of the case In re AMC Entertainment Holdings, Inc. Stockholder
Litigation (the “Shareholder Litigation”), on August 24, 2023, AMC Entertainment Holdings, Inc. (the
“Company”) filed a prospectus supplement, to its shelf registration statement on Form S-3 (File
No. 333-266536), registering 6,918,090 shares of Class A common stock (the
“Settlement Shares”) (before certain adjustments with respect to holders excluded from the settlement class) to be
issued as a settlement payment pursuant to the terms of the Stipulation and Agreement of Compromise, Settlement and Release, dated
as of April 27, 2023, by and between the Company and the named plaintiffs. The Settlement Shares will be issued to record
holders of Class A common stock at the close of business on August 24, 2023, at a ratio of one share of Class A
common stock for every 7.5 shares of Class A common stock owned by such record holders (after giving effect to the reverse
stock split of the Class A common stock on August 24, 2023). Contingent upon the conversion of AMC Preferred Equity Units
into Class A common stock, the Settlement Shares will be issued on or shortly after August 28, 2023. For more information
regarding the Shareholder Litigation and settlement payment, please refer to our Current Reports on Form 8-K, as filed with the
SEC on April 3, 2023 and August 14, 2023, respectively.
A copy of
the opinion of Weil, Gotshal & Manges LLP, relating to the validity of the Settlement Shares is filed with this Current Report
on Form 8-K as Exhibit 5.1.
Forward-Looking Statements
This Current Report on
Form 8-K includes “forward-looking statements” within the meaning of the federal securities laws, including the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of
words such as “may,” “will,” “forecast,” “estimate,” “project,” “intend,”
“plan,” “expect,” “should,” “believe” and other similar expressions that predict or indicate
future events or trends or that are not statements of historical matters. These forward-looking statements are based only on our current
beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events
and trends, the economy and other future conditions and speak only as of the date on which they are made. Examples of forward-looking
statements include statements we make regarding the issuance of the Settlement Shares. These forward-looking statements involve known
and unknown risks, uncertainties, assumptions and other factors, and are based on information available at the time the statements are
made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks, trends, uncertainties
and other facts that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking
statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the
date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily
be accurate indications of the times at, or by, which such performance or results will be achieved. For a detailed discussion of risks,
trends and uncertainties facing AMC, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2022, as filed with the SEC and as thereafter amended, and the risks, trends and uncertainties identified
in the Company’s other public filings. The Company does not intend, and undertakes no duty, to update any information contained
herein to reflect future events or circumstances, except as required by applicable law.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
Description of Exhibit
5.1
Opinion of Weil, Gotshal & Manges LLP with respect to the Settlement Shares.
23.1
Consent of Weil, Gotshal & Manges LLP (Included in Exhibit 5.1).
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
AMC ENTERTAINMENT HOLDINGS, INC.
Date: August 24, 2023
By:
/s/ Kevin M. Connor
Name: Kevin M. Connor
Title: Senior Vice President, General Counsel and Secretary
Filing details
- Ticker
- AMC
- CIK
- 1411579
- Form type
- 8-K
- Filing date
- Aug 24, 2023
- Report date
- Aug 24, 2023
- Document
- tm2324329d3_8k.htm
- Size
- 273 KB