Cinemark CEO Sean Gamble’s Pay Rises to $8.8M in 2023
Sean Gamble, CEO of major theater chain Cinemark, earned $8.8 million in overall pay in 2023, the company said in a securities filing on Tuesday.
His compensation package came as Cinemark, the third-largest theater circuit in the U.S. behind AMC Theatres and Regal Entertainment Group, continued to recover at the box office coming out of the pandemic.
More from The Hollywood Reporter
Cinemark CEO: Studios Overspent On Streaming Content, Now They're Pivoting Back
Cinemark CEO: 95 Wide Release Movies to Hit Theaters In 2024, 75 Percent of Pre-Pandemic Level
Netflix, Spotify, Lionsgate Stocks Jump in 2023, While Disney Ekes Out a Gain
Gamble, who became president and CEO of the cinema chain in January 2022, made $5.95 million in overall pay that year. And the big movers of his total pay continue to come from stock awards and a non-equity incentive plan.
In 2023, Gamble received a base salary of $900,000, just up from a base salary of $825,000 in 2022 and $687,857 in 2021.
Gamble in 2023 once again received no bonus, as happened in the previous two years. But Gamble did nab $5.4 million in stock awards, compared to $3.6 million in stock awards received in 2022, and $1.5 million in 2021.
And he received $2.44 million in a non-equity incentive plan last year, up from $1.42 million from a non-equity incentive plan in 2022 and $963,000 received in the same category a year earlier.
The SEC filing also revealed that Melissa Thomas, who became Cinemark CFO in October 2021, received overall pay of $2.7 million in 2023, which compares to a $2.4 million overall compensation package in 2022.
Best of The Hollywood Reporter
