Enrique Senior
Cinemark HoldingsAbout Enrique Senior
Enrique Senior is an independent director of Cinemark Holdings, Inc. (CNK), serving since 2004. He is 81 years old, holds an MBA from Harvard Business School and a BA from Yale University, and is a long-tenured Managing Director at Allen & Company LLC (since 1972), bringing deep M&A and corporate finance expertise; CNK’s Board affirms his independence under NYSE standards . He currently serves on CNK’s Strategic Planning Committee, which oversees capital allocation, strategic options, and material transactions .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Allen & Company LLC | Managing Director | 1972–Present | Investment banking leadership advising film/media/entertainment and beverage industries |
External Roles
| Company | Role | Tenure | Notes / Interlocks |
|---|---|---|---|
| Grupo Televisa S.A.B. (NYSE: TV) | Director | Since 2000 | Other public company board service |
| Coca‑Cola FEMSA, S.A.B. de C.V. (NYSE: KOF) | Director | Since 2000 | Other public company board service |
| FEMSA (NYSE: FMX) | Director | Since 2000 | Other public company board service |
| Univision Communications (NYSE: UNV) | Director (prior) | 2012–2020 | Prior public board |
Board Governance
| Attribute | Details |
|---|---|
| Independence | Board determined Mr. Senior is independent under NYSE rules |
| CNK Committees | Strategic Planning Committee (member) |
| Committee Chair Roles | Not listed as a chair (SPC Chair is Darcy Antonellis) |
| Strategic Planning Committee Mandate | Reviews capital allocation, strategic options, M&A/capital investments/financing, risk assessment, and enterprise risk processes |
| SPC Activity (2024) | 2 formal meetings; subcommittee met 3 times on capital allocation/financing |
| Board Meetings (2024) | Board met 4 times; acted by unanimous consent 1 time |
| Attendance | All directors attended at least 75% of Board and applicable committee meetings (2024) |
| Executive Sessions | Non‑management directors met 4 times; independent directors met once; presided by Independent Chair |
| Board Chairman | Independent Non‑Executive Chairman: Carlos Sepulveda |
| Skills Matrix (selected for Senior) | Financial literacy; corporate finance; M&A; industry experience; risk management; strategic vision; other public company board service |
Fixed Compensation (Director Pay)
| Metric (2024) | Amount |
|---|---|
| Fees Earned or Paid in Cash | $85,000 (Senior) |
| Stock Awards (Grant Date Fair Value) | $134,982 (Senior) |
| Total Director Compensation (2024) | $219,982 (Senior) |
Director compensation policy (structure):
- Base annual director retainer: $80,000
- Committee retainers (member/chair): Audit $12,500/$25,000; Compensation $12,500/$25,000; Governance $10,000/$20,000; Strategic Planning $5,000/$10,000
- Equity: Annual restricted stock valued at $135,000; typically granted on or around June 15; vests on first anniversary, subject to continued service
- Non‑executive Board Chair: additional $90,000 (not applicable to Senior)
Observation: Senior’s $85,000 cash aligns with base $80,000 + $5,000 Strategic Planning Committee member fee per policy .
Performance Compensation (Director Pay)
| Equity Element | Grant Value | Vesting | Performance Metrics |
|---|---|---|---|
| Annual Restricted Stock | $135,000 policy target; Senior reported $134,982 grant‑date FV in 2024 | Vests on 1st anniversary; continued service required | None (time‑based; no options/PSUs for directors disclosed) |
CNK’s director equity is time‑based RSAs; no performance‑contingent awards or options for directors are disclosed in the proxy .
Other Directorships & Interlocks
| Topic | Assessment |
|---|---|
| Compensation Committee Interlocks | CNK states none of its executive officers serve on boards/committees of entities with executives serving on CNK’s Board/Compensation Committee; Senior is not on the Compensation Committee |
| Related‑party interlocks | CNK’s related‑party disclosure lists transactions involving other directors (L.R. Mitchell, K. Mitchell, R. Syufy); no related‑party transactions disclosed involving Mr. Senior |
Expertise & Qualifications
- Finance and capital allocation: multi‑decade MD at Allen & Co; extensive M&A/corporate finance background .
- Industry knowledge: advisory work across media/film/entertainment companies (e.g., Columbia Pictures, Tri‑Star, ABC/CapCities, GE) .
- Board skill matrix: financial literacy, corporate finance, M&A, risk management, strategic vision, industry experience, and extensive other public board experience .
Equity Ownership
| Item | Detail |
|---|---|
| Total Beneficial Ownership | 61,840 CNK shares (less than 1%) |
| Ownership Guidelines | Directors must hold 5x the base annual retainer; five‑year compliance period |
| Compliance Status | As of the 2025 record date, all directors were in compliance or working toward compliance |
| Hedging/Pledging | Company unconditionally prohibits hedging and pledging by covered employees and directors |
Governance Assessment
-
Positives
- Independence affirmed; not party to disclosed related‑party transactions .
- Strong attendance culture (≥75% attendance threshold met); active Strategic Planning Committee with capital allocation and transaction oversight mandate .
- Clear director pay structure with modest cash retainer plus time‑based equity; no performance gaming risk for directors; stock ownership guideline (5x retainer) enhances alignment .
- Prohibitions on hedging/pledging and a formal clawback policy (company‑wide governance strength) .
- Investor support: say‑on‑pay approval 97% at 2024 annual meeting (signal of broader governance credibility) .
-
Potential watch‑items
- Board refresh/succession: Senior is age 81; while experience is valuable, continued attention to board refresh and succession planning is prudent (Board disclosed enhanced commentary on tenure in response to shareholder feedback) .
- Committee scope: Senior’s influence is concentrated in Strategic Planning; not on Audit/Comp/Governance—appropriate for independence but limits direct influence over audit/compensation processes .
-
RED FLAGS
- None disclosed regarding related‑party transactions, hedging/pledging, or attendance for Mr. Senior in 2024 .