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AMC: Proposed Settlement

I’ve had a difficult time keeping up with document submissions in the AMC Entertainment Shareholder Litigation (2023-0215-MTZ) case filed with the Court of the Chancery in Delaware. It must’ve been a late night when I found and accessed documents a few weeks ago and thought I had located everything on the court’s website. That was not the case. As folks have been posting snippets and screenshots of notices, letters, motions and the sort with no sources or links, I’ve become rather suspicious of motives and provided information. On May 2nd, I got excited over a snippet of a supposedly new proposed settlement posted by someone who only shared a screenshot of page 16 of one of the exhibits. Not enough information to go on to locate the source document.

Today, I remembered I had taken screenshots of the docket when I found it a few weeks ago. Luckily, enough of the url was visible to get back to that site. So for all those interested, Docket Alarm allows you five free document views (downloads/prints/saves) before locking you out. (You didn’t hear this from me, but if you go to another browser or device, you can get a few more free views and downloads.) I’ve tried other docket sites, but didn’t have nearly as much success with range of documents.

Below is a copy of the NOTICE OF PENDENCY OF STOCKHOLDER CLASS ACTION AND PROPOSED SETTLEMENT, SETTLEMENT HEARING, AND RIGHT TO APPEAR from the Delaware Court of the Chancery. This was e-filed on May 1, 2023 by the judges office and contains the redline edits from the above referenced screenshot posted on May 2, 2023. So this is a real document, not fake as I feared after not receiving source verification from the poster.

Sources and links are below. Please feel free to share and comment your thoughts.

In the Proposed Scheduling Order filed on May 1, 2023, AMC was ordered to:

  • (i) file with the SEC a Current Report on Form 8-K describing the Settlement and stating where stockholders can locate the Stipulation and the Notice on AMC’s investor relations website;
  • (ii) post a copy of the Stipulation and the Notice on AMC’s investor relations website, which shall remain on AMC’s website through the Effective Date or termination of the Settlement;
  • (iii) transmit the Summary Notice once over the PR Newswire;
  • (iv) post a notice regarding the Settlement on AMC’s Twitter account in substantially the following form:

AMC has recently reached an agreement to settle a putative stockholder
class action concerning the proposed conversion of AMC Preferred
Equity Units into Common Stock and reverse stock split. The
settlement agreement and settlement notice can be located on AMC’s
website at this address: [insert address once available]. AMC
stockholders who are Class Members have the right to object to the
settlement and the deadline to do so is [insert date once available].

On May 5, 2023, AMC held 1Q23 Earnings call and filed the Form 10-Q for the quarter. Their update is detailed under Note 11 (pages 28-32).


AMC Investor Relations

Adam Aron’s Twitter (@CEOAdam)

Delaware Court of the Chancery

Docket Alarm

SEC Edgar (Filings & Forms): AMC Entertainment Holdings, Inc.

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Reflection Friday: Do you practice self-reflection?

Kicking off self-reflection for Reflection Fridays!

Self-reflection is a huge part of changing, growing and maturing. Recently, a colleague shared some great year-end reflection questions. Her prompt has inspired me to do a Reflection Friday series.

self-reflection: meditation or serious thought about one’s character, actions, and motives

Prompt: Do you practice self-reflection?

  1. What did you accomplish in 2022 that make you proud?
  2. What challenges did you overcome during the year?
  3. What mistakes did you hold on to throughout the year?
  4. Why are those mistakes hard for you to let go of?
  5. How did you take care of yourself (emotionally, mentally, physically, spiritually) in 2022?
  6. What character trait(s) did you rely on or practice the most in 2022? (Examples: patience, forgiveness, courage, hope, joy, gratitude, grace, honesty, compassion, etc.)
  7. Where did you start the year compared to where you ended the year? How do you measure your progress/change?
  8. What do you wish you had known at the start of 2022? What would you have done differently if you had known?
  9. What did you learn about the world in 2022?
  10. What did 2022 teach you about yourself? 
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Poem: What are you getting in exchange? 

What are you getting in exchange 
for access to your body, mind, spirit? 
your energy, presence, time 
your knowledge, skills, and resources? 
What are you receiving? 
for pieces of you? 

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Is Who You Think You Are Your True Self?

Reflecting on interactions with a new co-worker.

Is who you think you are your true self? Some thoughts on the way a new co-worker is representing herself.

Things to consider:
✴️Point of origin is not final destination.
✴️Our expectations are what we look to fulfill. Reduce disappointments by changing/eliminating your expectations.
✴️You may be limiting yourself based on the limitations of your environment. Go beyond what you can see.
✴️If people or situations disturb your spirit, remain alert until you’re clear of the disturbance.
✴️You can choose to be a better version of youself every day. You are that powerful and so much more.

#whodoyousayyouare #people #woman #coworker #newjob #backtowork #systemshock #disturbedspirit #spirituality