Every 8-K that National Cinemedia Inc (NCMI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NCMI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NCMI filings page.
National CineMedia, Inc. reported fiscal second quarter 2026 results with revenue up 12.7% to $58.4 million, compared with $51.8 million a year earlier, driven by stronger box office and advertising demand. For the first six months of 2026, revenue rose 6.7% to $92.4 million from $86.6 million.
Profitability remains weak: second quarter operating loss was $12.8 million and net loss was $9.9 million, or $0.11 per diluted share, similar to the prior-year loss per share. Adjusted OIBDA improved to $2.1 million from $0.7 million, and for the first half it was negative $8.5 million. Operating margin stayed sharply negative at (21.9)%.
The company announced a definitive agreement to acquire Captivate Holdings, LLC at an enterprise value of $275.0 million, funded by $275.0 million of new committed term debt and available cash to refinance the existing revolver and pay transaction costs. Management expects to realize more than $3.5 million of annual run-rate cost synergies within the first year after closing. The deal is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals. In connection with the proposed acquisition and expected leverage at closing, the company has paused its quarterly dividend program and is not providing forward outlook.
National CineMedia, Inc. is acquiring 100% of Captivate Holdings, LLC and its blocker entities for an enterprise value of $275.0 million, payable in cash. The deal is expected to close in the second half of 2026, subject to customary regulatory and other closing conditions, including Hart-Scott-Rodino clearance.
To fund the purchase, a subsidiary obtained commitments for a $275.0 million senior secured first lien term loan and a $25.0 million senior secured revolving credit facility, both maturing five years after closing. The facilities carry interest margins of 7.00% over SOFR and 6.00% over base rate, with an option to pay up to 2.00% of the term loan margin in paid-in-kind interest for two years. The combined NCM–Captivate platform is presented as having 48,000+ screens across 185 DMAs and pro forma 2025 net revenue of $307 million and Adjusted EBITDA/OIBDA of $73 million, with expected annual cost synergies above $3.5 million and pro forma net leverage at close of roughly 3.9x. NCM plans to prioritize debt reduction and pause its dividend and share repurchase programs after closing.
National CineMedia, Inc. reported fiscal first quarter 2026 revenue of $34.0 million, down 2.6% from $34.9 million a year earlier, as it managed typical seasonality and Olympic-related competition. Operating loss widened to $26.9 million, while net loss improved slightly to $28.6 million, or $0.31 per diluted share, compared with a $30.7 million loss, or $0.32 per share, in 2025.
Adjusted OIBDA was a loss of $10.5 million versus a $9.0 million loss a year ago. The company implemented an operational transformation targeting $11.0 million in annualized cost savings, has realized about $3.0 million to date, and expects up to $6.0 million in savings in 2026. Total attendance rose to 83.2 million from 72.3 million, and cash and equivalents increased to $51.6 million as of April 2, 2026.
The board declared a $0.03 per share cash dividend (about $2.8 million), payable June 4, 2026, to stockholders of record on May 22, 2026. For Q2 2026, NCM LLC expects revenue of $57.0–$63.0 million and Adjusted OIBDA between $1.0 million and $5.0 million. At the annual meeting, stockholders elected all director nominees, approved advisory executive compensation, and ratified Grant Thornton LLP as independent auditors.
National CineMedia, Inc. amended its bylaws to expand its Board of Directors. On March 26, 2026, the Board approved an amendment to Section 3.02 of the Amended and Restated Bylaws to increase the number of directors from seven to eight.
The change will take effect immediately before the start of the Company’s 2026 Annual Meeting of Stockholders, scheduled for May 7, 2026. The full text of this amendment is provided as an exhibit to the report.
National CineMedia, Inc. filed an amended current report to correct a data error and to furnish updated fourth quarter and full-year 2025 results. Fourth quarter revenue rose to $93.2 million from $86.3 million, with operating income up to $23.8 million and net income of $29.3 million, or $0.31 per diluted share. Adjusted OIBDA increased to $37.2 million. For 2025, revenue edged up to $243.2 million, while the operating loss narrowed to $13.9 million and net loss improved to $10.6 million, or $0.11 per diluted share, though full-year Adjusted OIBDA declined to $39.1 million. The company declared a $0.03 per-share cash dividend and guided first-quarter 2026 revenue to $32.5–$36.5 million with Adjusted OIBDA between $(13.0) million and $(10.0) million.
National CineMedia reported stronger fiscal fourth-quarter results, with revenue rising 8% to $93.2 million and operating income increasing to $23.8 million from $20.0 million. Net income grew to $29.3 million, or $0.31 per diluted share, and Adjusted OIBDA improved to $37.2 million, modestly above the prior year.
For full-year 2025, revenue edged up to $243.2 million, while operating loss narrowed to $13.9 million and net loss improved to $10.6 million from $22.3 million. Adjusted OIBDA declined to $39.1 million. The company declared a quarterly cash dividend of $0.03 per share and guided first-quarter 2026 revenue to $32.5–$36.5 million with negative Adjusted OIBDA of $(13.0) million to $(10.0) million.
National CineMedia, Inc. (NCMI) reported that its operating subsidiary, National CineMedia, LLC, has recently completed the acquisition of Spotlight Cinema Networks, LLC. The company disclosed this through a press release dated November 17, 2025, which is attached as Exhibit 99.1 and incorporated solely for the Regulation FD disclosure. The announcement is presented as furnished information, meaning it is not treated as filed for liability purposes under certain sections of the federal securities laws.
National CineMedia, Inc. reports that Catherine Sullivan, its President – Sales, Marketing and Partnerships, will step down from her role as of November 13, 2025 and leave the company on December 1, 2025 following the elimination of her position. Her departure will be treated as an “Involuntary Termination” under her employment agreement, making her eligible for severance equal to 100% of her base salary plus 100% of her target bonus, paid in equal installments over 12 months in exchange for a release of claims. The company states that her termination is not the result of any violation of company policy.
National CineMedia, Inc. (NCMI) reported that it issued a press release announcing financial results for its fiscal third quarter ended September 25, 2025. The release is furnished as Exhibit 99.1.
The company states that the information provided under Item 2.02, including Exhibit 99.1, is furnished and not deemed filed pursuant to General Instruction B.2.
National CineMedia (NCMI) appointed Simon Mullaly to its Board of Directors, effective immediately, filling the vacancy created by the previously announced resignation of Nathan “Tripp” Lane. Mullaly was designated by Blantyre Capital under the Director Designation Agreement dated August 7, 2023.
The Board determined Mullaly is an independent director under Nasdaq rules. He has no disclosed family relationships or related‑party transactions. The company executed its standard director indemnification agreement with him. He has not yet been appointed to any Board committees.
National CineMedia, Inc. reported that on September 26, 2025, Nathan “Tripp” Lane submitted his resignation from the company’s Board of Directors and all related committees. He will step down effective immediately before the Board approves a replacement nominee to be designated by Blantyre Capital Limited under an existing Director Designation Agreement dated August 7, 2023.
The company states that Mr. Lane’s resignation did not result from any disagreement with National CineMedia. Under the designation rights in that agreement, Blantyre Capital may name a replacement director, and the Board expects to appoint Blantyre Capital’s designee, provided the Board determines in good faith, after consulting outside legal counsel, that doing so would not breach its fiduciary duties or applicable law.