Regal Entertainment Group (NYSE:RGC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Regal Entertainment Group (NYSE:RGC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

to the previously disclosed Annual Executive Incentive Program (the “Incentive Program”) of Regal Entertainment Group (the “Company”), and based upon the attainment of performance targets previously established by the Compensation Committee of the Board of Directors of the Company (the “Committee”) under the Incentive Program, on January10, 2018, the Company approved annual cash bonus awards for the following individuals as set forth below:

NameandPrincipalPositions

CashBonus

Amy E. Miles, Chief Executive Officer (Principal Executive Officer)

$

1,055,600

Gregory W. Dunn, President and Chief Operating Officer

$

631,200

David H. Ownby, Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)

$

495,975

Peter B. Brandow, Executive Vice President, General Counsel and Secretary

$

442,000

Based on its review of the performance of the Company, on January10, 2018, the Committee recommended, and the Board of Directors of the Company approved, an increase in the base salaries for fiscal 2018 for the following individuals as set forth below:

NameandPrincipalPositions

Fiscal2018Salary

Amy E. Miles, Chief Executive Officer (Principal Executive Officer)

$

1,108,800

Gregory W. Dunn, President and Chief Operating Officer

$

675,000

David H. Ownby, Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer)

$

605,000

Peter B. Brandow, Executive Vice President, General Counsel and Secretary

$

538,200

In addition, on January10, 2018, at the recommendation of the Committee’s compensation consultant, Pay Governance, the Committee recommended, and the Board of Directors of the Company approved, an increase in the target annual cash bonus percentage for Ms.Miles from 50% of base salary to 125% of base salary for fiscal 2018. The target annual cash bonus percentages for the Company’s other named executive officers remain unchanged from fiscal 2017.


About Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. It operates its theatre circuit using its Regal Cinemas, United Artists, Edwards, Great Escape Theatres and Hollywood Theaters brands through its subsidiaries. Its multi-screen theatre complexes contain 10 to 18 screens, each with auditoriums ranging from 100 to 500 seats. In addition, its theatres feature amenities, such as wall-to-wall and floor-to-ceiling screens, Sony Digital Cinema 4K projection systems; three-dimensional (3D) digital projection systems, IMAX, and screen format, RPX. Its theatre circuit consists of over 7,360 screens in approximately 570 theatres in over 40 states. It operates multi-screen theatres and has over 12.9 screens per location.