Edwin Gladbach
AMC ENTERTAINMENT HOLDINGSAbout Edwin Gladbach
Edwin (Eddie) Gladbach is Senior Vice President, General Counsel & Secretary of AMC, promoted from Interim General Counsel & Secretary on November 3, 2025; he sits on AMC’s Executive Committee and oversees all legal, regulatory, and governance matters . He joined AMC in 2009 as Vice President, Legal, after roles as Senior Counsel at Interstate Bakeries Corporation and Associate at Shook Hardy & Bacon . During 2024, AMC delivered Q4 revenue growth of 18.3% year over year and expanded Adjusted EBITDA from $47.9M to $164.8M; for full year 2024, revenue declined 3.6%, net loss improved to $(352.6)M, and Adjusted EBITDA was $343.9M . Pay-versus-performance disclosures show TSR of 10.25 (index value of $100 invested) and Adjusted EBITDA of $343.9M for 2024 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| AMC Entertainment Holdings, Inc. | Vice President, Legal | 2009–Feb 2025 | Supported company legal/compliance through industry volatility and capital market actions |
| AMC Entertainment Holdings, Inc. | Interim General Counsel & Secretary | Feb 14, 2025–Nov 3, 2025 | Executed filings and legal processes; signatory on SEC reports |
| AMC Entertainment Holdings, Inc. | SVP, General Counsel & Secretary | Nov 3, 2025–Present | Leads legal, regulatory, governance; Executive Committee member |
| American Multi-Cinema, Inc. (subsidiary) | SVP, General Counsel, Secretary and Director | 2025–Present (as of Nov 7, 2025) | Oversees subsidiary governance and legal operations |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Interstate Bakeries Corporation | Senior Counsel | Not disclosed | Corporate legal counsel experience |
| Shook Hardy & Bacon | Associate | Not disclosed | Law firm training and litigation/regulatory exposure |
Fixed Compensation
Not disclosed for Gladbach (not listed among the Named Executive Officers in AMC’s Summary Compensation Table) .
Performance Compensation
Gladbach’s specific incentive grants are not disclosed. AMC’s enterprise incentive design (applicable to executives) is summarized below for context.
- Annual Incentive Program (AIP) structure (2024):
- Metric: Adjusted EBITDA; payouts 0–200% of target indexed to industry box office/attendance .
- Threshold/Target/Max goals for company performance: $280.2M / $350.2M / $420.2M Adjusted EBITDA .
- Actual company AIP payout for 2024: 146% of industry-adjusted target .
| Component | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| AIP – Company | Adjusted EBITDA | 80% (for NEOs other than CEO/CFO) | $350.2M | Company performance indexed; payout certified | 146% of target | Cash in Q1 following year |
| AIP – Individual | Individual performance | 20% (for NEOs other than CEO/CFO) | Set by committee | As assessed | Variable | Cash |
| PSUs (2023 Tranche Year) | Adjusted EBITDA | Tranches by year | Threshold $204.0M; Target $255.0M; Max $306.0M | $425.8M certified | 200% vesting after modifications | Equity per EIP |
| PSUs (2023 Tranche Year) | Free Cash Flow (FCF) | Tranches by year | Threshold $(671.76)M; Target $(559.8)M; Max $(447.84)M | $(440.8)M certified | 200% vesting after modifications | Equity per EIP |
Notes:
- AMC generally grants RSUs and PSUs; options are not currently granted .
- Equity grants timing and approval cadence disclosed; grants approved in Feb and effective upon stockholder approval (June 2024 for EIP) .
Equity Ownership & Alignment
| Policy/Guideline | Detail |
|---|---|
| Executive Stock Ownership Guidelines | Senior Vice Presidents: 2x base salary; 5-year compliance window; unvested RSUs and PSUs at target count; measured using 30-day VWAP; cure measures if below guideline |
| Anti-Hedging Policy | Officers (VP and above) prohibited from short sales and hedging transactions (puts, calls, collars, swaps, exchange funds, etc.) |
| Anti-Pledging Policy | Officers (VP and above) prohibited from pledging or margin accounts using AMC securities |
| Clawback Policy | NYSE-compliant clawback adopted Oct 2, 2023; recovery of excess incentive comp over prior 3 fiscal years upon accounting restatement . EIP awards also subject to specific clawback events . |
Beneficial ownership for Gladbach in AMC stock is not disclosed in the “Security Ownership” table, which presents directors and NEOs; Gladbach is neither a director of AMC HoldCo nor an NEO in that table .
Employment Terms
Gladbach’s individual employment agreement, severance, and change-of-control terms are not disclosed publicly. AMC’s NEO contract terms (for benchmarking the policy environment) include:
- Severance multiples:
- CEO: 1.5x salary + 1.5x average bonus (24 months), plus $6M of value via RSU vesting/cash over 3 years; 18 months medical .
- CFO and certain EVPs: 1 year base salary for termination without Cause or for Good Reason .
- Change-of-control acceleration: automatic acceleration of unvested equity upon CoC; PSUs vest at higher of target or actual attainment .
- Restrictive covenants: confidentiality; other restrictive covenants discussed in NEO agreements .
Performance & Track Record
AMC operating performance around Gladbach’s interim/permanent tenure:
| Metric | Q4 2023 | Q4 2024 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Total revenues ($MM) | $1,104.4 | $1,306.4 | $4,812.6 | $4,637.2 |
| Net loss ($MM) | $(182.0) | $(135.6) | $(396.6) | $(352.6) |
| Adjusted EBITDA ($MM) | $47.9 | $164.8 | $454.3 | $343.9 |
| Free cash flow ($MM) | $(149.9) | $113.9 | $(440.8) | $(296.3) |
| Cash & equivalents ($MM) | — | $632.3 (12/31/24) | — | — |
Contextual governance/leadership activities:
- Gladbach signed SEC filings during interim role (e.g., 8-K dated Oct 3, 2025) .
- Named as officer signing certificate of incorporation appendices in proxy materials .
Say-On-Pay & Shareholder Feedback
- 2023 say-on-pay support was approximately 48% with low participation; AMC conducted investor outreach and adjusted program elements (e.g., AIP indexing and PSU modifications) .
- 2025 proxy recommends “FOR” say-on-pay; tabular performance measures highlight Adjusted EBITDA and FCF linkage .
Compensation Peer Group
AMC’s peer group (unchanged in 2024) includes AMC Networks, Bloomin’ Brands, Brinker International, Carnival, Cinemark, Darden, Formula One Group, Hilton, Hyatt, IMAX, Lions Gate, Live Nation, Marriott, Norwegian Cruise Line, Roku, Royal Caribbean, Sinclair, TEGNA, Warner Bros. Discovery, Wyndham .
Investment Implications
- Alignment: As an SVP, Gladbach is subject to 2x base salary stock ownership guidelines, anti-hedging and anti-pledging policies, and NYSE-compliant clawbacks—favorable for investor alignment and risk control .
- Retention risk: Rapid transition from Interim to permanent GC suggests continuity; absence of disclosed individual severance/CIC terms limits visibility on retention economics vs NEO benchmarks .
- Trading signals: No Form 4 transactions surfaced in the document search; with pledging barred and possible lock-up constraints applicable to certain parties, near-term insider selling pressure from Gladbach appears limited, but individual holdings are not disclosed .
- Program design risk: Use of Adjusted EBITDA across AIP and PSUs concentrates incentives on profit recovery and deleveraging; 2023 PSU modifications to achieve maximum vesting are a governance sensitivity, though justified by strike-related industry factors per the Compensation Committee .