National CineMedia, Inc. Form 8-K Filing - Executive Employment Agreements

This Form 8-K filing by National CineMedia, Inc. details amendments to the employment agreements for its Chief Executive Officer, Thomas F. Lesinski, and Chief Legal Officer and Secretary, Maria V. Woods. Effective January 1, 2026, Mr. Lesinski's employment term is extended to December 31, 2028. His annual base salary will increase to $1,000,000, with a target annual bonus of 100% of his base salary and eligibility for long-term incentive awards of at least $1,000,000 annually. He will also receive a grant of 1,500,000 stock options in 2026. The agreement outlines severance packages for termination without cause or following a change in control, with payments up to 200% of his annual base salary plus target bonus in the latter case. Ms. Woods's employment term is also extended to December 31, 2028, effective December 31, 2025. Her annual base salary will increase to $485,000, with a target annual bonus of 75% of her base salary and eligibility for annual long-term incentive awards. The agreements include standard provisions regarding duties, benefits, and restrictive covenants, generally consistent with previous agreements.