{"url_path":"/sec/amcx/8-k/2026-06-17/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-17","source_url":"https://www.sec.gov/Archives/edgar/data/1514991/0001514991-26-000068-index.html","accession_number":"0001514991-26-000068","cik":"0001514991","ticker":"AMCX","issuer_name":"AMC Global Media Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1514991/0001514991-26-000068-index.html","primary_entity_key":"0001514991","primary_entity_name":"AMC Global Media Inc."},"word_count":1598,"has_tables":true,"body_markdown":"Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers\n\nAppointment of Chief Financial Officer and Entry into Employment Agreement\n\nOn June 16, 2026, the Board of Directors (the “Board”) of AMC Global Media Inc. (the “Company”) appointed Hozefa Lokhandwala, age 51, as Executive Vice President and Chief Financial Officer of the Company, effective as of June 16, 2026. Mr. Lokhandwala previously served as an Independent Director for MSG Networks from 2024 to 2025. Prior to that, Mr. Lokhandwala served as Co-Chief Executive Officer of VICE Media Group in 2023, having previously held the position of Chief Strategy Officer from 2018 to 2023. Before joining VICE Media Group, Mr. Lokhandwala served as a Managing Director in the Media Investment Banking Group at J.P. Morgan for over twelve years, where as Head of Content & Entertainment Investment Banking he advised media clients on mergers and acquisitions, capital markets and corporate finance matters across diversified media, programming networks, film and entertainment, gaming, music and digital media. Before joining J.P. Morgan, he was an investment banker in the Media & Entertainment group at Bear Stearns and worked in the Business & Finance group at Morgan Lewis, where he advised clients on mergers and acquisitions and financing transactions. He holds an M.B.A. from Columbia Business School, a J.D. from Brooklyn Law School, and a B.A. from Oberlin College. He also serves on the Board of Trustees for Oberlin College, including as Chair of the Risk Management & Audit Committee.\n\nIn connection with Mr. Lokhandwala’s appointment as Executive Vice President and Chief Financial Officer of the Company, Mr. Lokhandwala and the Company entered into an employment agreement dated June 16, 2026 (the “CFO Employment Agreement”), which becomes effective as of the date thereof (the “CFO Effective Date”) and expires on June 30, 2029 (the “CFO Expiration Date”). The CFO Employment Agreement provides a minimum annual base salary of $750,000 (subject to annual review and potential increase in the discretion of the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”)). The CFO Employment Agreement also provides for an annual target bonus opportunity equal to 100% of actual salary dollars paid during the applicable year. The CFO Employment Agreement provides that Mr. Lokhandwala will participate, subject to his continued employment by the Company, in such long-term equity and other incentive programs that are made available in the future to similarly-situated executives of the Company. For each award cycle during the term of the CFO Employment Agreement, it is expected that Mr. Lokhandwala will receive annual grants of cash and/or equity awards with an annual aggregate target value of not less than $750,000. In addition, pursuant to the CFO Employment Agreement, on June 16, 2026, Mr. Lokhandwala received a pro-rated grant of long-term incentive awards for 2026 with a total target value of $375,000 consisting of (i) an award of restricted stock units with aggregate grant date fair value of $187,500 and (ii) a cash performance award with a target value of $187,500, which awards will vest in accordance with the vesting schedule applicable to previously approved 2026 long-term incentive awards granted to similarly-situated executives of the Company. Mr. Lokhandwala is eligible to participate in the Company’s standard benefit programs, subject to meeting the relevant eligibility requirements, payment of required premiums and the terms of the plans.\n\nIf, prior to the CFO Expiration Date, Mr. Lokhandwala’s employment with the Company is terminated (i) by the Company other than for cause or (ii) by Mr. Lokhandwala for good reason and so long as cause does not then exist, then, subject to Mr. Lokhandwala’s execution of a severance agreement (including an effective release of claims), the Company will provide Mr. Lokhandwala with the following benefits and rights: (a) a cash severance payment in an amount determined by the Compensation Committee, but in no event less than two times the sum of Mr. Lokhandwala’s annual base salary and annual target bonus; (b) a prorated annual bonus for the year of termination and any unpaid annual bonus for the preceding year; (c) each of Mr. Lokhandwala’s outstanding long-term cash incentive awards and performance-based RSUs will immediately vest in full and be payable to the same extent that other similarly-situated executives receive payment; (d) each of Mr. Lokhandwala’s outstanding time-vested restricted stock or RSUs awards granted under plans of the Company generally will continue to vest in accordance with its original vesting schedule; and (e) each of Mr. Lokhandwala’s outstanding stock options and stock appreciation awards, if any, will continue to vest in accordance with their original vesting schedule and he will have the right to exercise each of such options and awards for the remainder of the term of such option or award.\n\nIf Mr. Lokhandwala ceases to be an employee of the Company prior to the CFO Expiration Date as a result of his death or physical or mental disability, and at such time cause does not exist, then, subject to Mr. Lokhandwala’s execution of a severance agreement (other than in the case of death), he or his estate or beneficiary will be provided with the benefits and rights set forth in clause (b) above and each of Mr. Lokhandwala’s outstanding equity, cash incentive, stock option, and stock appreciation awards will vest and pay in full, whether or not subject to performance criteria; provided that if any such award is subject to performance criteria, then (i) if the measurement period for such performance criteria has not yet been fully completed, then the payment amount will be at the target amount for such award and (ii) if the measurement period for such\n\nperformance criteria has already been fully completed, then the payment amount of such award will be to the same extent that other similarly-situated executives at the Company receive payment.\n\nThe CFO Employment Agreement contains certain covenants by Mr. Lokhandwala, including a noncompetition agreement that restricts Mr. Lokhandwala’s ability to engage in competitive activities until the first anniversary of the termination of his employment with the Company, if Mr. Lokhandwala’s employment terminates prior to the CFO Expiration Date.\n\nThe foregoing description of the terms of the CFO Employment Agreement is not complete and is qualified in its entirety by reference to the full text of the CFO Employment Agreement, which the Company has filed as an exhibit to this Current Report on Form 8-K.\n\nEmployment Agreement with Michael J. Sherin III, Executive Vice President and Chief Accounting Officer\n\nOn June 16, 2026, the Company entered into a new employment agreement with Michael J. Sherin III to continue to serve as the Company’s Executive Vice President and Chief Accounting Officer (the “CAO Employment Agreement”), effective as of June 16, 2026 (the “Effective Date”) through August 15, 2029 (the “CAO Expiration Date”). The CAO Employment Agreement provides a minimum annual base salary of $475,000, retroactive to April 1, 2026 (subject to annual review and potential increase in the discretion of the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”)). The CAO Employment Agreement also provides for an annual target bonus opportunity equal to 45% of actual salary dollars paid during the applicable year, retroactive to April 1, 2026. The CAO Employment Agreement provides that Mr. Sherin will continue to participate, subject to his continued employment by the Company, in such long-term equity and other incentive programs that are made available in the future to similarly-situated executives of the Company. For each award cycle during the term of the CAO Employment Agreement, it is expected that Mr. Sherin will receive annual grants of cash and/or equity awards with an annual aggregate target value of not less than $400,000. In addition, pursuant to the CFO Employment Agreement, in October 2026, Mr. Sherin will be recommended to the Compensation Committee to receive additional grants of long-term incentive awards for 2026 with a total target value of $60,000 consisting of (i) an award of restricted stock units with aggregate grant date fair value of $30,000 and (ii) a cash performance award with a target value of $30,000, which awards will vest in accordance with the vesting schedule applicable to Mr. Sherin’s previously approved 2026 long-term incentive awards. Mr. Sherin remains eligible to participate in the Company’s standard benefit programs, subject to meeting the relevant eligibility requirements, payment of required premiums and the terms of the plans.\n\nIf, prior to the CAO Expiration Date, Mr. Sherin’s employment with the Company is terminated by the Company other than for cause, then, subject to Mr. Sherin’s execution of a severance agreement (including an effective release of claims), the Company will provide Mr. Sherin with the following benefits and rights: (a) a cash severance payment in an amount determined by the Compensation Committee, but in no event less than one and one-half times the sum of Mr. Sherin’s annual base salary and annual target bonus and (b) a prorated annual bonus for the year of termination and any unpaid annual bonus for the preceding year.\n\nThe CAO Employment Agreement contains certain covenants by Mr. Sherin, including a noncompetition agreement that restricts Mr. Sherin’s ability to engage in competitive activities until the first anniversary of the termination of his employment with the Company, if Mr. Sherin’s employment terminates prior to the CAO Expiration Date.\n\nThe foregoing description of the terms of the CAO Employment Agreement is not complete and is qualified in its entirety by reference to the full text of the CAO Employment Agreement, which the Company has filed as an exhibit to this Current Report on Form 8-K."}