Debra Perelman
AMC NetworksAbout Debra Perelman
Independent Class A director at AMC Networks (AMCX) since June 2023; age 51. Former President & CEO of Revlon (2018–2023), previously COO (Jan–May 2018), with earlier corporate finance and brand marketing roles at Revlon and strategy roles at MacAndrews & Forbes. Currently Executive Chair of Stripes Beauty (since May 2024) and Managing Partner at InviNext Growth Partners; the Board designated her an audit committee financial expert. Board determined she is independent under NASDAQ/SEC rules, notwithstanding a half-sister employed at AMC Studios and her nomination to Sphere Entertainment’s board, deeming those relationships not material .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Revlon, Inc. | President & CEO | May 2018–Aug 2023 | Led through Chapter 11 (filed June 2022; emerged May 2023) |
| Revlon, Inc. | COO | Jan 2018–May 2018 | Operational leadership prior to CEO appointment |
| MacAndrews & Forbes | EVP, Strategy & New Business Development | 2014–Dec 2017 | Corporate strategy; joined M&F in 2004 as Vice President |
| Revlon, Inc. | Corporate finance & brand marketing (earlier roles) | Prior to 2014 | Financial/marketing expertise |
External Roles
| Organization | Role | Start/Status | Notes |
|---|---|---|---|
| Stripes Beauty | Executive Chair | May 2024 (current) | Consumer beauty platform |
| InviNext Growth Partners | Managing Partner | Current | Consumer growth investing |
| Beyond, Inc. | Director | Current | Public co. directorship |
| Sally Beauty Holdings, Inc. | Director | Current | Public co. directorship |
| Sphere Entertainment Co. | Director nominee | 2025 AGM | Nominated for election at 2025 shareholder meeting |
| Child Mind Institute | Co-founder; Board member | Current | Non-profit governance |
| Mastercard CPG Innovate Steering Committee | Member | Current | Industry advisory |
Board Governance
- Committee assignments: Audit Committee member; Audit Committee met 4 times in 2024; committee members: Carl E. Vogel (Chair), Leonard Tow, Debra G. Perelman .
- Audit committee financial expert: Board determined Perelman is an “audit committee financial expert” under SEC rules .
- Independence: Board determined Perelman is independent under NASDAQ/SEC standards; considered her Sphere nomination and half-sister’s AMC Studios employment; not material .
- Attendance: Board met 6 times in 2024; each director attended at least 75% of Board and applicable committee meetings; directors encouraged to attend annual meeting (all 13 attended in 2024) .
- Executive sessions: Independent directors meet in executive session at least twice annually, facilitated by independent Class A committee chairs .
- Controlled company: AMCX is a NASDAQ “controlled company”; 54% independent directors; Compensation Committee is fully independent .
Fixed Compensation
| Compensation Element | Amount/Structure | Notes |
|---|---|---|
| Annual Director Retainer (cash) | $70,000 | Non-employee directors |
| Annual Equity Retainer | $135,000 in RSUs | RSUs vest on grant date; settle 90 days after service ends; grant size set by 20-day avg closing price prior to annual meeting |
| Committee Membership Fees | $25,000 | Per committee (includes non-standing committees) |
| Committee Chair Fees | $35,000 | Audit Committee Chair; $35,000 for Compensation Committee Chair |
| Meeting Fees | $2,000 per meeting | Board/committee meeting fees |
2024 actual compensation for Debra G. Perelman:
| Year | Fees Earned/Paid (Cash) | Stock Awards (Fair Value) | Total |
|---|---|---|---|
| 2024 | $115,000 | $127,868 (8,042 RSUs @ $15.90 on 06-12-2024) | $242,868 |
Performance Compensation
| Award Type | Grant Date | # of Units/Shares | Grant-Date Fair Value | Vesting | Performance Metrics |
|---|---|---|---|---|---|
| RSUs (Director annual grant) | 06-12-2024 | 8,042 | $127,868 (closing price $15.90) | Vests on grant; settles 90 days post-service | None disclosed for directors (not performance-based) |
| Aggregate RSUs held (as of 12-31-2024) | — | 19,012 | — | Vested RSUs included in beneficial ownership | — |
Other Directorships & Interlocks
| Company | Role | Potential Interlock/Conflict Consideration |
|---|---|---|
| Beyond, Inc. | Director | No AMCX-specific transaction disclosed |
| Sally Beauty Holdings, Inc. | Director | No AMCX-specific transaction disclosed |
| Sphere Entertainment Co. | Director nominee (2025) | AMCX has multiple overlapping directors with Sphere; AMCX policy requires independent committee oversight for transactions >$1M with Sphere/MSGS/MSG Entertainment |
Expertise & Qualifications
- Financial oversight: Designated audit committee financial expert; reads fundamental financial statements; audit oversight experience .
- Corporate leadership: Former CEO/COO of Revlon; strategy leadership at MacAndrews & Forbes; brand marketing and corporate finance experience .
- Industry perspective: Consumer and beauty sector; governance experience on multiple public boards .
Equity Ownership
| Security | Beneficial Ownership | Percent of Class | Notes |
|---|---|---|---|
| AMCX Class A Common Stock | 19,012 shares | * (<1%) | Footnote includes vested RSUs held by non-employee directors; Perelman’s aggregate RSUs: 19,012 units |
| AMCX Class B Common Stock | — | — | None |
| Pledging/Hedging | Prohibited | — | Company prohibits hedging and pledging; requires pre-approval of trading by directors/executives |
Governance Assessment
- Strengths: Independent director and audit committee financial expert; active Audit Committee participation; strong attendance; multi-sector executive experience adds consumer/branding expertise to AMCX’s board .
- Alignment: Receives standard director equity retainer with deferred settlement post-service, creating some long-term alignment; beneficial ownership via vested RSUs, though ownership level is de minimis relative to total shares .
- Controls and conflicts: Board explicitly reviewed potential conflicts (Sphere nomination; half-sister employment) and deemed not material; AMCX maintains independent committee approval for related-party transactions and has special oversight for dealings with Sphere/MSG entities .
- RED FLAGS (monitor): Controlled company structure with extensive overlapping directors across Dolan-related entities elevates systemic conflict risk; Perelman’s nomination to Sphere adds interlock exposure (mitigated by independent committee policies). Familial employment (half-sister at AMC Studios; $141,161 2024 comp) is disclosed; Board determined independence, but remains a reputational sensitivity for investors focused on governance purity .
Note: AMCX director compensation is not performance-conditioned; executive clawback provisions apply to executive officers and are embedded in equity awards; director-specific performance metrics or ownership guidelines were not disclosed in the proxy .