In 2024, Sean Gamble, CEO at Cinemark – one of the leading theater chains, received a total compensation amounting to $9.8 million, as stated in a securities filing disclosed on Wednesday.
As a gamer, I’m seeing my earnings grow alongside the resurgence of Cinemark, one of the top three movie theater chains in the U.S., following its successful recovery at the box office post-pandemic.
In 2023, the individual who assumed the roles of president and CEO at the cinema chain back in January 2022 received a total compensation package worth $8.8 million. This is an increase from their earnings in the previous year, which amounted to $5.95 million.
The significant components driving Gamble’s overall compensation remain stock grants and a non-stock incentive scheme. In the year 2024, Gamble earned a base salary of $936,000, marking an increase from their base salary of $900,000 in 2023 and $825,000 in 2022.
In the year 2024, I was fortunate to receive an increase in stock awards amounting to $5.84 million, compared to $5.4 million in the previous year. Additionally, my non-equity incentive plan compensation jumped from $2.44 million in 2023 to a substantial $2.99 million last year. What a rewarding experience it has been!
The current compensation for Gamble is set amidst Cinemark’s endeavors to revert to the release pace of the film industry prior to COVID-19. This transition will be facilitated by emerging players such as Amazon MGM Studios, along with independent studios like A24 and Neon, thereby enriching the overall movie production pipeline in Hollywood.
The SEC filing disclosed that Melissa Thomas, Cinemark’s Chief Financial Officer, earned a total remuneration of approximately $2.94 million in the year 2024. This is a significant increase from her total earnings of $2.69 million in 2023 and a slightly higher package of $2.39 million she received in 2022.
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2025-04-03 01:54