Welcome to our dedicated page for National Cinemedia SEC filings (Ticker: NCMI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
National CineMedia, Inc. SEC filings document the company’s cinema advertising business, its role as managing member of National CineMedia, LLC, and public-company governance matters. Form 8-K filings report operating results, financial-condition updates, Regulation FD disclosures, completed acquisition activity, and amendments to prior event reports.
The company’s proxy and governance filings cover annual meeting matters, director elections, executive compensation, board structure, and shareholder voting items. Other filings address board appointments, executive departures, compensatory arrangements, bylaw amendments, director-count changes, indemnification arrangements, and related corporate governance disclosures under Nasdaq-listed issuer requirements.
National CineMedia, Inc. director Joe Marchese reported an acquisition of shares through an equity award vesting. On February 27, 2026, 18,210 restricted stock units were converted at $0.00 per unit into 18,210 shares of common stock. Following this transaction, Marchese held 70,875 shares of National CineMedia common stock directly.
National CineMedia, Inc. director Juliana F. Hill acquired common stock through the vesting of restricted stock units. On this date, 18,210 restricted stock units were converted into 18,210 shares of common stock at a price of $0.00 per share. After this derivative exercise and conversion, Hill directly owned 58,575 shares of National CineMedia common stock.
National CineMedia, Inc. director David Edward Glazek reported an acquisition of shares through the vesting of restricted stock units. On February 27, 2026, 18,210 restricted stock units were exercised and converted into 18,210 shares of common stock at no stated exercise price. Following this derivative conversion, Glazek directly owned 61,720 shares of National CineMedia common stock.
National CineMedia, Inc. director Campbell Kotzman Kelly reported acquiring shares through the vesting of equity awards. On February 27, 2026, 14,026 restricted stock units were exercised or converted, resulting in the acquisition of 14,026 shares of common stock at a stated price of $0.00 per share. Each restricted stock unit represented the right to receive one share of common stock, so this filing reflects equity compensation vesting rather than an open-market purchase or sale.
National CineMedia, Inc. director Nicholas Bell reported the vesting of restricted stock units that converted into common stock. On February 27, 2026, he exercised 18,210 restricted stock units for no cash cost, receiving 18,210 shares of common stock. Following this derivative conversion, Bell directly owns 69,186 shares of National CineMedia common stock.
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.
NCMI reports a Rule 144 notice for planned sale of Common Stock. The filing lists 49,706 shares tied to Restricted Stock Unit Vesting with a date of 03/02/2026. It also discloses a prior transaction on 12/29/2025 showing 37,847 shares and the value 147,225 on the same row.
National CineMedia, Inc. reported that Chief Executive Officer Thomas F. Lesinski was granted 1,500,000 employee stock options on February 24, 2026. These derivative securities carry an exercise price of $0.0000 per share and are held as direct ownership.
The options vest, if at all, in three equal tranches over a three-year performance period, subject to Mr. Lesinski’s continued service. Each tranche requires the 30-day volume-weighted-average share price to reach $5.00, $6.00, and $7.00, respectively. For each tranche, one-half vests upon achievement of the specific price metric and the remaining half on the first anniversary of that achievement.
National CineMedia outlines its position as the largest U.S. cinema advertising platform, with more than 17,000 screens across 1,300+ theaters and broad data-driven ad products like NCMx, Boost, Boomerang and Bullseye.
In 2025, the company acquired Spotlight for $8.2 million, expanding art house and luxury circuits and lifting national market share by over 6%. It also amended AMC’s exhibitor services agreement, extending the term by five years and eliminating AMC’s rights under the tax receivable and common unit adjustment agreements, which reduced intangible assets and future amortization expense.
NCM LLC entered a $45.0 million revolving credit facility maturing in 2028, with $12.0 million outstanding as of January 1, 2026, and retired a prior revolver. Capital returns include a one-for-ten reverse stock split in 2023 and a $100.0 million repurchase authorization, under which 6.6 million shares have been bought back and retired.
The report also describes the 2023 Chapter 11 reorganization of subsidiary NCM LLC, the Regal ESA termination and conversion to a network affiliate agreement, and confirms that NCM Inc. again consolidates NCM LLC after emergence while holding 100% of its common membership units as of January 1, 2026.
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.