AMC Special Shareholders Meeting Vote Count

Posted byLaShawnda JonesPosted inBlog, BusinessTags:,

These are the preliminary counts as of the end of the Special Shareholders Meeting today. Thy are recorded to the best of my hearing. I will update this post with the final numbers when the Form 8K if filed with the SEC.

Meeting replay

Number of shares outstanding as of March 2023 : 1,033,686,000

According to AMC Entertainment‘s latest financial reports and stock price the company’s current number of shares outstanding is 1,033,686,000.

Update: Final Vote Results

Preliminary numbers/original post below. Link to Form 8-K filed on March 15, 2023 with vote results.

Form 8-K filed with SEC on March 15, 2023
from Form 8-K filed with SEC on March 15, 2023
from Form 8-K filed with SEC on March 15, 2023

Inspectors of Election Preliminary Report Vote Count (end of meeting)

Proposal 1: Increase authorized shares of Class A Common stock from 524,173,073 to 550,000,000 shares

  • 88.0% For
  • 11.2% Against
  • .08% Abstain
  • Aggregate
  • 978.3 million in favor
  • 124.4 million against
  • 9.5 million abstaining
  • 67.5% of outstanding
Proposal 1 Preliminary Count
FOR978.3 million88.0%
AGAINST124.4 million11.2%
ABSTAIN9.5 million.08%
Votes cast represent approximately 65% of outstanding APE Units

Aggregate AMC Common Shares (that voted)

  • 72.5% For
  • 26% Against
  • 1.5% Abstain
  • 132.2 million For
  • 47.4 million Against
  • 2.8 million Abstain
  • Votes cast represent approx. 35% of outstanding AMC shares.

Aggregate APE Units (Preferred)

  • 91.0% For
  • 8.3% Against
  • .07% Abstaining
  • 530.8 million For
  • 48.3 million Against
  • 4.2 million Abstain
Aggregate APE Units (Preferred)
FOR530.8 million91.0%
AGAINST48.3 million8.3%
ABSTAIN4.2 million.07%
Votes cast represent approximately 63% of outstanding APE Units

APE Votes proportionately cast by Depository (instructions not provided)

  • 91% for
  • 8.3% Against
  • .07 Abstaining
  • 315.4 million For
  • 28.7 million Against
  • 2.5 million Abstaining
  • Same as APE units that were voted

Proposal 2: Reverse split of Class A Common Stock at 1:10 ratio

  • 87.3% of vote cast for
  • 11.9% against
  • .08% abstaining
    • Aggregate Votes
    • 971.1 million For
    • 132 million Against
    • 9.1 million Abstain

Votes cast represent 67% outstanding shares entitled to vote.

Proposal 2 Preliminary Count
FOR971.1 million 87.3%
AGAINST132 million11.9%
ABSTAIN9.1 million.08%
Votes cast represent approximately 65% of outstanding APE Units

Proposal 2 AMC Common (that voted)

  • 70.4% for
  • 28.2% Against
  • 1.4% Abstain
  • 128.4 million For
  • 51.4 Against
  • 2.6 million Abstain

Votes cast represent approx. 35% of outstanding AMC shares.

APE Preferred Unit aggregate

  • 90.6% For
  • 8.7% Against
  • .07% Abstain
  • 528.7 million For
  • 50.5 million Against
  • 7.1m Abstain

Votes cast represent 63% of outstanding APE

APES without instructions

  • 90.6% For
  • 8.7% Against
  • .07% Abstain
  • 314.1 million For
  • 30 million Against
  • 2.4 million Abstain

Proposal 3 – Meeting adjournment for additional meetings if necessary

  • 87.2% In favor
  • 11.6 Against
  • 1.2 Abstain

Final tabulation report will be reported on SEC Form 8k

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