If Adam Aron is no longer CEO of AMC by Dec 31, 2025, then the market resolves toYes. Outcome verified from AMC.
For the avoidance of doubt, an announcement that Adam Aron will no longer be CEO at some point in the future isn't sufficient for the market to resolve to Yes.
Timeline and payout
Market openNov 5, 2024 · 10:00am EST
Market closedAfter the outcome occurs
Paid out1 hour after closing
If this event occurs, the market will close the following 10am ET. Otherwise, it closes by Dec 31, 2025 at 11:59pm EST.
SeriesKXAMCCEOCHANGE
EventKXAMCCEOCHANGE
MarketKXAMCCEOCHANGE-25
Insider trading is prohibited
The following are prohibited from trading this contract:
Persons who are employed by any of the Source Agencies are not permitted to trade on the Contract.
Persons who hold any material, non-public information on the Underlying are not permitted to trade on the Contract.
About
Adam Aron has been the CEO of AMC since 2015, and was widely praised for steering the movie theater chain through the pandemic. But in order to raise depleted cash reserves, the company issued new equity offerings, diluting its stock price. The move stabilized the company but angered many shareholders. Will this bad blood lead to Aron's ouster, or will increased revenue from the post-pandemic recovery help smooth things over?