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Good afternoon. It is precisely 1 o'clock Central Time and therefore it is my pleasure to welcome all of you in the room and those who are listening live or eventually later on by webcast as a welcome to the 2026 Annual Shareholders Meeting of AMC Entertainment Holdings being held here in person in our Leawood, Kansas headquarters and also being attended by many of our shareholders both in the room and, as I said before, on our accompanying webcast. I am Adam Aaron, Chairman of the Board and Chief Executive Officer of AMC Entertainment Holdings. Joining me for today's meeting is our Board of Directors who are joining remotely by phone. I have been advised that either in person or by proxy there is a quorum present for this meeting. it is now therefore my pleasure and honor to formally call to order this annual meeting of our shareholders. An agenda outlining the order of business has been made available. Eddie Gladbach, sitting to my right, who is our senior vice president, general counsel, and secretary of the company, will serve as secretary of today's meeting and preside over the voting process on the various shareholder proposals. He has delivered an affidavit from Computershare, the notice agent for the annual meeting, which states that on August 10, 2026, a notice of the meeting was mailed to all shareholders of record as of the close of business on July 31, 2026, the record date for this meeting. This affidavit will be filed within minutes of this meeting, and he will now discuss the procedures for transacting the actual business of the meeting and take you through voting on the various proposals. Eddie? Thanks, Adam. The meeting will take place as described in the agenda. The quorum of stockholders as present in person or via proxy. Rules and procedures for the meeting were filed with the SEC on September 17th and are printed on the back of your agenda. When a proposal is before the meeting for consideration, questions and comments should be limited to that proposal. An opportunity will be provided at a designated time for other questions relevant to the company's business. If you wish to make a statement about a pending proposal, please raise your hand and be recognized. Once you are recognized, please approach a microphone. Actually, someone will bring a microphone to you. State your name and whether you're a stockholder or a proxy holder. If you're proxy holder, please state the name of the proxy holder that granted you the proxy. Please keep statements brief and limited to the specific item up for discussion. We may have to interrupt any statement that continues for an unreasonable amount of time. Speakers will be limited to a maximum of two minutes. You may not record the proceeding today and phones and other recording devices are not permitted in the meeting room. Anyone disrupting the orderly conduct of business or acting in a threatening manner toward AMC employees or fellow stockholders will be asked to leave the premises and, if necessary, escorted out by security. If you've not already submitted your votes and would like to vote during the meeting, you may do so on the ballot provided at check-in. Ballots will be collected at the conclusion of business items on the agenda. Ballots not received when called for will not be counted. We will announce the preliminary results at the conclusion of the meeting and official results will be published in an 8-K filing with the SEC. The Board of Directors has appointed Jeff Bennett and Kelly Schimenauer as inspectors of election for the meeting. They have signed an oath to act as inspectores of election, which will be filed with the minutes of the meetings. The inspectors have the registered shareholder list of the company as of the record date for determining stockholders eligible to vote at the meeting, except for Proposal 1. The polls will remain open until all items of business have been presented and discussed and the tabulation of votes has been completed. The polls will close for Proposal 1 after any questions or comments have been discussed with respect to that proposal. We're aware there's considerable interest in knowing how many shares have been voted at the meeting. The number of shares that voted prior to the meeting are approximately 553 million shares, which is approximately 62% of the outstanding 892,604,638 shares as of the record date. That number includes broker discretionary voting on certain items such as ratification of auditors. For non-routine items on which brokers cannot submit discretionary votes, we only have about 42 percent participation. We would remind our shareholders that voting is an important opportunity and encourage all of you to vote at future meetings. We'll now move to the items of business. First item of business is an amendment to the company's certificate of incorporation to declassify the Board of Directors, shorten all existing terms to expire at this meeting, and remove restrictions on the number of directors. The amendment, along with the reasoning therefore, is set forth in the proxy statement, and the Board of Directions recommends approval of this proposal. Are there any questions or comments on this proposal? Seeing none, we will declare the polls closed on this proposal and we'll proceed with the agenda. The next item of business is election of directors, However, based on the proxies received prior to the meeting and the number of shares present at this meeting, proposal one has not obtained support of a majority of the company's outstanding stock and therefore has failed. Since proposal one is failed, we will proceed with proposal 2B to elect class three directors for the term ending at the 2029 annual meeting. As disclosed in the proxy statement, the candidates for director who have been nominated by the company is nominated in corporate governance committee are Dee Clark, Sonya Jain and Keri Putnam. In accordance with the company's bylaws, stockholders are required to provide advance notice of their intent to nominate candidates for director. No such notice is properly received and therefore no additional nominations can be accepted at this time. Other questions or comments on this proposal? Seeing none, we'll proceed with the agenda. The next item of business is an amendment of the company certificate of incorporation to to eliminate the prohibition against stockholders acting by written consent. The amendment along with the reasoning therefore is set forth in the proxy statement and the Board of Directors recommends approval. Any questions or comments on this proposal? Seeing none, we'll proceed. Fourth proposal is an amendment to the company's certificate of incorporation to remove the limitation on stockholders' ability to call special meetings. The amendments along with reasoning therefore is set forth in the proxy statement and the Board of Directors recommends approval. Any questions or comments on this proposal? Seeing none, we will proceed. Next item of business is an amendment to the company's 2024 Equity Incentive Plan to increase the total number of shares of common stock subject to the plan. The amendment along with the reasoning is set forward in the Proxy Statement and the board of directors recommends approval of this proposal. Any questions or comments on this proposal? Seeing none, we will proceed. Our next item of business is to ratify the appointment of Ernst & Young LLP as the company's independent public accounting firm for 2026. We'd like to recognize Ernst and Young, Kim Rock, and Amy Gigstad who are with us today. And thank you for joining us. Board of Directors recommends approval of this Proposal. Are there any questions or comment? Seeing none, we will proceed. The next item of business is to approve the compensation of the company's named executive officers on an advisory basis. The proposal is a non-binding stockholder advisory vote. The company's executive compensation is discussed in the proxy statement, and the Board of Directors recommends approval. Are there any questions or comments? Seeing none. We will proceed to the next item in business is approve the frequency of the nonbinding advisory vote to approve compensation of the companies named Executive Officers. The proposal is nonbind and the Board of Directors recommend a vote of one year on this proposal. Are there any questions or comments? Seeing none, we'll proceed. The next item of business is a proposal to approve adjournment of the meeting if necessary to permit further solicitation of proxies in the event there are insufficient votes to adopt the the foregoing proposals. Board of Directors recommends approval. Any questions or comments on this one? Seeing none, we now declare the polls closed. If you have not voted or wish to change your vote, please do so now by marking your ballot. And if you have a ballot to be collected, please raise your hand and the inspectors we'll collect it from you. We will now briefly recess the meeting. While we recess, we would like to invite Sean Goodman, the company's Executive Vice President, International Operations Chief Financial Officer and Treasurer, to join Adam to address any questions stockholders may have relative to the company's operating results or business. We would remind everyone that some of the comments may contain forward-looking statements that are based on management's current expectations. Numerous risks, uncertainties, and other factors may cause actual results to differ materially from those that might be expressed today. Many of these risks and uncertainties are discussed in our public filings, including our most recently filed 10-K. Several of the factors that will determine the company�s future results are beyond the ability of the company to control or predict. In light of the uncertainties inherent in forward-looking statements, you are cautioned not to place a new reliance on these statements. AMC undertakes no obligation to revise or update any forward- looking statements, whether as a result of new information or future events. If you have a question relating to the company but not to matters already voted on at the meeting, you may raise them now. Only matters that concern all stockholders should be raised. Any matter of individual concern to the stockholders to be raised after the meeting with representatives of the company. To allow all stockholders an opportunity to participate, each stockholder will be limited to one question, along with one follow-up. To ensure all questions can be answered, any individual speaker will be limit to a maximum of two minutes. Please raise your hand to be recognized and approach the microphone to ask your question. With that, I'll turn it back over to Adam and Sean. Adam Werner Thank you, Eddie, hello everybody. Before Sean Goodman and I answer any questions that come before this meeting here in the I would like to make the following comment, that as we announced yesterday, AMC priced a refinancing transaction consisting of $3.97 billion of new term loans and bonds in a private offering that is expected to close on or around October 5, subject to customary closing conditions. We expect to use the proceeds from the transaction to refinance our existing term loan, ODEON term loan and certain other outstanding indebtedness. This is the only comment that we can make publicly about this transaction prior to the actual closing of the refinancing, which is expected in early October. With that, I'm happy to take shareholder questions. There are some shareholders in the room. I would ask as you ask your question to give me your name. And if for some reason you're shy about giving me your whole name, then at least give me your first name so I can respond to you courteously. Who's first? Hi, Adam. It's good to see you again. Push the button to green. It's on, good. Okay, great. My name is Lawrence Batovich. I'm a shareholder, and I plan to be a long-term shareholder. My question really was, I'm going to ask my question after the device. First, I just want to commend you guys for the job you've done the last four or five years, balancing, trying to make the debt go further out. The positive reviews that you just got in the last few months are tremendous, but yet we still see the price share price go down you know even though uh we have heard yet you know the brokers they set the share price where they think that you know that they're it should be um and we know you don't have no control of that so um first of all i just want to clap you guys because that's what it really deserves you know this is not easy to come out of a place where almost bankruptcy is and and progress like you have you know any any other company i've seen in the last few years gone bankrupt and then brought back under you know an equity name and all that stuff and i'm thankful that this company didn't do that so um that was it first of all i want to say you look great from the last 10 months that i saw you i hope you're feeling good and um how do you how's the next 10 months look that's what i want to know sure so first of thank have a seat lawrence um thank you for the nice comments um This company, AMC Entertainment, has been through quite the rollercoaster. I joined the company as its CEO in early 2016. And I don't think any of us, I certainly did not, anticipate that in 2020 we were going to be asked as a people to relive the Spanish flu epidemic of 1918, which wiped out all of the company's revenues in the span of a week. And you are correct that many of our competitors failed financially. AMC was I think quite smart in navigating our way through very turbulent waters. And one way or another, a lot of us inside the company refer to these as pulling rabbits out of a hat. We pulled one rabbit out of the hat after another. And fast forward to where we are in 2026. If you look at the last three years, I know there are a lot of theories out there amongst our retail shareholder base as to why the AMC share price fell, and fell markedly. I, too, am a long-term shareholder. I've owned stock in this company since 2016. I think that most observers have it wrong. The fundamental most important reason why the AMC share price has been declining is that if you look at calendar years 2023, 2024, and 2025, the size of our industry as measured by the basic placeholder of size, the so-called domestic industry box office. This is all movies, all movie theaters in the United States and Canada, cake as a whole, were flat as a pancake at between $8.7 and $9.0 billion in that three-year period. And those numbers, $8,7 to $9 billion, are 20% below where the industry was for the five years prior to COVID hitting in 2020. And if you think about it, so much of a company's profitability occurs in the last 20% of its revenues because first you've got to cover the fixed costs, and then you make profit. The fact that our industry recovered so slowly from COVID that the box office in 2023 and four and five, three, four, and five full years after COVID was still down 20% below pre-COVID levels. That explains the pessimism that's been surrounding the movie business. And that explains the company delivering earnings that were far less than the earnings that we delivered in 2017, 18, and 19 prior to COVID. The reason I'm sharing with you this history is because so much has changed in this current year, 2026, as opposed to the box office being flat for three years. Since March of this year, the box office has been roaring hot. And if you look at our share price, we got down to as low as 93 cents a share in March of 2026, where we were still living off of the industry numbers from calendar year 25. But then came a movie called Project Hail Mary in March of 26, and it was followed by movie after movie after movie that were coming out month after month after months. And our industry, as an industry, has strung together a sort of spectacular improvement in our industry-wide box office in 2026. And that has caused our share price to approximately triple where it was in March of 2026. So when you make the comment that, not your words necessarily, but I'm paraphrasing, the longtime suffering of our shareholder base, something that I'm very sympathetic to, because I am the largest retail individual shareholder of this company, and have an economic interest and a significant amount of my net worth is still tied to the AMC. What I see is that the recovery has started to happen. The box office is up. Our earnings have been up. Our share price has climbed. And as I said, the share price is approximately triple where it was just six months ago. So that's all very encouraging news and a marked change from what we've seen since March of 2020 when COVID shut all of our theaters. I know that some people on Twitter, you know I'm quite active on Twitter say I can't believe it's six years later and you're still talking about COVID because COVID seemed so long ago. Yes, that's true. But again, if you look at the size of the box office in the movie industry, we have not yet returned to pre-COVID levels, and that's affected our profitability. But that takes us to this year, and the recovery is now. The recovery is at hand. And we've reported earnings through the second quarter of this year. The odds were very good and way up over a year ago. They were up for the first six months of the year. Our EBITDA was up $228 million, above where it was in the first 6 months of last year. We haven't made any comment about third quarter EBITDA yet, but we did make a public comment as part of our debt refinancing announcements that the industry revenues and the company revenues were quite robust in July and August. And normally, not making any comments as where EBITDA will be for the quarter. But normally this company has a lot of what's called operating leverage, which is to say that when revenues grow, EBITda can grow even faster. And surely in July and August, our revenues have been quite good. Now that that covers the history of the last 11 years, the last three years, and this year, and you asked how are the next 10 months will be. And the right answer to your question is, we're all going to find out together. But having said that, I can tell you that we have looked at the movie industry slate that's coming out very carefully through the remainder of this year. and the first quarter of next year, the next six months, the movie slate looks to be compelling and attractive, and one would think that AMC ought to deliver good revenues into our system from moviegoers going back to theaters. That's what they have been doing since March of 2026, And fast forward to March of 2027, I think we're going to continue to see very strong industry numbers. And one thing I'm particularly proud of, at AMC whenever the industry has done well, AMC as a company has done very well. Our marketing programs are very powerful in commanding brand loyalty to AMC. Our expense management has been very tight, and those are reasons why, in 2026 so far, our earnings announcements have been very positive. As we look further than that, we are very bullish about the movie industry. We've looked at the, this year, 2026, is going to be a particularly strong year compared to the last three years, or for that matter, the last six years. We've look at the movie slate for 27 and 28, and especially looking in 2028, I think the movie slate has the potential to be even bigger than the movie is in 2026. I think people would say that 2026, relatively speaking, has been a better year against recent performance. So we're optimistic, we're bullish, but some of you know that I ran an NBA team for a couple of years in my hometown. And there was a wonderful saying in the NBA, because you would marry a really strong team against a really weak team and you would just think that all the time the strong team would win the game and the weak team would lose the game. And there was many a game where the weak game would actually beat the strong game. And the old saying around the league was that's why they make you play the games because based on what you think that's interesting, but you have to play the game And I can tell you what I think is going to happen, that I'm very bullish about the movie industry in 26 and in 28, but we're really only going to find out as movie after movie comes out, gets released into our theaters, and we gauge the reaction of the movie-going public. But I could not be more optimistic about our prospects if you look out for the remainder of this year and the remainder of the next two years, which is where we really have good visibility as to the movies that are coming out. Thank you for the question. You got a follow-up as well. Go ahead. First of all, like I say, you know, you guys have done a great job because it takes everyone, everybody in this building, everybody in the theater business, the movie makers, it takes all of them. It also takes the investors. The investors are the ones that are going out, buying those tickets, buying the popcorn, buying the candy. So it's not just one of us, it's all of us together to make this work. So that's my statement. Thank you for that. Next question. Good afternoon, CEO Adam Aaron. My name is Tomas Medina, and I'm going to talk to you on the tokenization. What change that allows AMC to speak about it now? Why focus on Vlad Tenev? Has AMC investigated the roles of market makers, clearing firms, and custodians, including Citadel Securities. What is AMC doing about products using its name or logo without authorization of AMC? Thank you for the question, Tomas. The question I think you started with talking about tokenization and this little dustup that we've had on Twitter in the last few weeks between AMC and Robinhood. What changed is that just a few weeks prior to the public commentary that you saw on Twitter, Robinhood started to boast about offering stock tokens outside the United States to so-called non-U.S. persons. That was a new development by Robinhood. We found the practice to be abhorrent. They were marketing fake synthetic stock token and securities offshore, not complying with U.S. securities laws through some subsidiary they set up on the island of Jersey, the Channel Islands between the United Kingdom and Europe. It was a new development by Robinhood, and we called them out on it. In particular, in response to my tweet on the subject. Robin Hood's CEO, whose name is Vlad Tenev, himself tweeted a response to me tweet, and he says, what's the concern? And I answered him. I I told them what the concern was, and I was, my comments were quite blunt. I'm quite pleased, before I say I'm pleased, I should point out that the exchanges on Twitter on the stock tokenization issue had enormous readership. So I knew that the subject was of great interest to our shareholder base because my tweets on the subject of tokenization were being read in the neighborhood of 50 to 100 times more than a typical tweet that I might issue. I was very pleased that just a few weeks, like two or three weeks after this occurred on Twitter, the U.S. Securities and Exchange Commission actually came out with a ruling about stock tokenization. Their playing field of the United States, but the USSEC made it very clear in laying out some guidelines for any stock tokenization efforts that were to occur in the United State that meshed with some of the observations that I myself had made on Twitter. And among the most important of those is that companies would have a right to object and not to participate or not to allow other brokerage-type firms to participate in the stock tokenization of their securities if that company so chose. I think that was a sage ruling by the SEC. And I called on Robinhood to observe the same. And Robinhood said that they would accept the ruling of the SEC and support it, I would then point out to Robinhood it would be highly hypocritical for them to follow SEC rules with respect to stock tokenization in the United States, and completely ignore those same rules internationally in activity done through their Jersey subsidiary. And that's not New Jersey near New York, that's Jersey in the Channel Islands. So that's what has gone on, and why? It's because it was a new practice, and it was practice that we found objectionable, and it's a practice that the SEC has already weighed in very clearly trying to lay out some rules of the game going forward. You also asked, there are some other entities out there that are infringing on AMC trademarks at the moment, specifically in the area of meme coins. We have seen this activity. Some of this activity started only a few weeks ago. And I can tell you in the strongest possible language that we take AMC's trademarks to be a very sacred asset of this company. And we will be pursuing strong action against anyone who infringes on our marks. Strong action, very strong action, strong disposal action. I did think it was probably wise to wait until this refinancing effort that we just announced closes, which is going to happen in the next two weeks. But we're aware of what's going on, we're We're opposed to what's going on, and we intend to put a stop to it. Next question. Yes. Hello. My name is Ken Keopen. I'm a registered investment advisor and a new shareholder. When I seen your results come out in July 21, I got right in. I could see the potential. My wife Heather and I are great movie goers. And I agree with you that the quality of movies and entertainment is improving substantially every month. So I really enjoyed it. And I really, one of my questions is that about 90% of your expenses are of a fixed nature. And that was one of the points I wanted to make and that I want to know, like for instance, the rents are about $650 million a year. And I want you to kind of come to conclusion, or not conclusion, maybe comment on whether you plan to cut that or improve that, or maybe you could add food so you get more revenue per person, which I think you are doing. And I, too, want to congratulate you on turning it around. You've had a long, long go. I understand that, so you've done well. So my question is, how can you improve the bottom line? I know you wouldn't mind hearing what you can do on this new loan. Maybe you can't speak to it. I don't know. So thank you for your question. Appreciate it. It's so easy, actually. I got an MBA from a really good business school decades ago. I didn't say which one. decades and decades ago and the reason he got born from the same school and the reason I said was a really good education is because they totally they taught you in the two-year MBA program to take these very complex enterprises and AMC is as complex as enterprise as you can think of and break it down just like it was a lemonade stand and you're 12 years old and i can tell you the way to improve the bottom line is to drive more revenue and to keep a tight lid on costs it's kind of that simple and it's just like running the lemonade the lemonade stand from the 12 year old kid in the corner. Now, the art of actually driving the revenues and keeping a tight lid on costs, that's a lot harder. And since you specifically asked about rents and profit per patron, I'm joined at the table by our very able chief financial officer, who's covering quite a high with this debt refinancing. It's no small feat that we were able to announce yesterday night the refinancing of just under $4 billion of debt, pushing all the debt maturities or almost all the debitories out to 2031 and 2033. So in deference to Sean, I'll let you make a comment specifically on rents and profit per patron. Sean, thank you for your question. and for your ownership of our shares, we focus on improving our bottom line profitability every single day. And exactly as Adam said, it is sort of managing the cost and getting the revenue per patron as high as possible. From the revenue point of view, you mentioned food and beverage, what we've done over the last six years is we've significantly increased the revenue-per-patron and the profit that we get per patron. And how do we do that? With new menu items, with selling these movie-themed merchandising, with adding alcohol and movie-thened cocktails, et cetera, which really are encouraging audiences when they go to our theaters to go to the concession stands and buy more food than they have for beverage. So we've seen significantly growth in that. At the same time, so while that revenue per patron and profit per patron that we're getting is up more than 50% from the levels of 2019 pre-pandemic, our costs have not increased nearly at that level. And when you look specifically at rent, what I think is an interesting statistic to look at is look at our rent expense for the full year 2019. So full year 2019 rent expense or AMC consolidated. And take a look at that same rent expense six years later in 2025. Over six years, you would expect the rent to have increased each year right by inflationary CPI increases. Do you know what's happened? The rent has actually come down a little bit. How do you get the rent down over a six-year period when you've got inflationary increases, et cetera? That's due to the work that we've been doing. And similarly, if you look at our expenses, they haven't increased nearly as fast as our revenue and revenue per patron has increased. Because of all of this, Adam spoke a lot about the box office and how the box offices significantly lower than it was pre-pandemic. But today, we don't need that box office to get all the way up to pre- pandemic levels to get the same profit, the same EBITDA as we had pre-pandemic. We can get that same level of EBITDA at a lower box office level. And that's quite a significant accomplishment when you consider all the inflationary increases in costs over this period of time. We're not stopping for a moment. We are going to continue to do this all the time. And it's a big focus of the organization to get our profit per patron and our overall profitability higher. And as the box office grows, there's significant potential for the business. And I would add to that, that this company has done so many imaginative things in the past six years, either to cut costs or to drive revenues. In cutting costs, for example, we closed about 200 of our theaters. These are very round numbers. We had 1,000 theaters prior to COVID. We closed about 200 of them because they were older, tired buildings that have pretty much been at the end of their useful life. And we replaced them by about 60 new theaters that we opened up in the same time period. even close. So, you know, that's just an example of being smart. Other things that have worked for us, our marketing programs are top flight. A-List has been an enormous success for this company. In the most recent quarter, about one in five guests in the United States who's come to an AMC theater has come as a participant in our A-list program. A list is the program where you pay somewhere between $20 and $30 a month, and you can see up to four movies a week. We have a similar program in several countries in Europe called Limitless, hugely successful. Our Stubs program, which is our loyalty program, again, a hugely successful program in driving loyalty. More than half of the total tickets consumed at AMC in the course of a year are bought by our Stubbs members. More things that we've done, we've made a big bet as a believer in offering premium experiences. And we have more IMAX theaters than anyone else in the world outside of China. Fully 50% of the IMAx theaters in the United States are at AMC theaters. More than 90% of the Dolby cinemas in the United States are at the AMC theatres. We have expanded our house brand called Prime at AMCs. We created in, I guess it's two years ago now, a new format called XL at AMCS, which stands for extra large screens. We have about 200 of these globally in our system, not quite, but almost. And consumers have been responding in a big way. If you look at our box office dollars coming into our so-called premium large format screens or our extra large format screen, these days at AMC, a so-called PLF or XLF screen, premium large format or extra large format, one of those auditoriums is the equivalent of three or four regular auditoriums. At the same time we invested heavily in putting in laser projection, state of the art projection into about half of our 7,000 auditoriums in the United States, for example. The light levels in an auditorium equipped with a laser projector on average produce somewhere between 50 and 100 percent more light on the screen than an old xenon bulb used to do. And what does that mean? light on the screen means a sharper, brighter, better picture. So again, AMC has taken a lead in offering our guests the best possible experience. Add to that all the creative things we've done at the food and beverage stand, including the movie-themed merchandising that we routinely sell week after week after week. Four years ago, this company sold no movie-themed merchandise in our theaters. None. Not a penny's worth. And this we're right now trending on well north of $100 million a year in revenues for this company globally by selling these themed popcorn buckets and other movie merchandise in our system. So I could give you chapter and verse over and over and over again where we've done bold things to whether it's premium screens or premium food and beverage experiences at our concession stands to drive our revenues. And as Sean has indicated, we have been ludicrously tight on cost controls. But when you marry success in generating revenues and keeping a lid on costs, that's what explains the profit increase, profit per patron, and as the patron count has grown, profitability overall. So thank you for your question. And as a follow-up, go ahead. They hear you on the webcast. Talking about profits, could you give me an estimate what you think you'd make maybe in 2028? Earnings per share? No, the answer to your question is no. I cannot give you an estimate of what we will make in 2029. And I'll tell you why. We have a sense of what we're going to make in 2020. But this company does not officially give guidance. We have not for the entire decade. Actually, since we went on the New York Stock Exchange for the first time in 2012, I think it was the year, 13, AMC has been a company that does not give future guidance, so it would be inappropriate for me to comment. Okay. Just one final thing. You may want to comment on it. I can say I'm bullish. You're bullish. Okay. Okay. You may want to comment on your international operation, and that's my final. I would be delighted to talk about our national operations, because not only is AMC the largest movie theater chain in the United States, we're the largest movie theater in Europe as well. And when you take that together, we are the largest theater chain globally. And I can tell you that our European business is booming, just as we've done very well here in the United States this year. We've done extremely well internationally. If you look at our financial statements for the first quarter and second quarter, we break out our domestic operations versus our international operations. And the profitability in our European operations are way up year over year. And we're very encouraged about our prospects in Europe as well as our prospects in the U.S. Thank you for the questions. Are there any other questions from shareholders in the room today? Seeing none, we will move on. we will officially reconvene the meeting formally from our recess in which we took questions from shareholders. Eddie, I understand that the preliminary report of the inspectors of elections is ready. Will you please announce the results of the stockholder votes? Yes. The preliminary report election results indicates proposal one to amend the certificate incorporation to classify the board has failed. Ms. Clark, Ms. Jane, and Ms. Putnam have been elected as directors. Proposal three to amend the certificate of incorporation to eliminate the prohibition against stockholders acting by written consent has failed, proposal four to amend this certificate of corporation to remove the limitation on stockholders' ability to call special meetings has also failed, proposal five to amend the 2024 equity incentive plan to increase the total number of shares subject to the plan has been approved. Proposal 6, to appoint Ernst & Young LLP as the company's independent public accounting firm for 2026, has been ratified. The non-binding advisory vote to approve the compensation of the company's named executive officers, as disclosed in the proxy statement, has not obtained the support of a majority of the votes cast. Proposition 8, one year has been approved for frequency of the non- binding advisory vote, to approve compensation of the company's named executive officers. Stockholders have approved Proposal 9 for adjournment of the meeting at a later date, if necessary, to further solicitation of proxies. However, adjournments of the meetings is not deemed necessary. Sorry. Back to you, Adam. Thank you, Eddie. I would point out that for a couple of years now, we have put what we've deemed within the company and on the board of directors as good governance proposals that over and over again have failed. And it's not true in all cases, but in many of these cases, if you look at the voting on the issue, the voting has been in favor of the good governance proposal. But the requirement in Delaware law is that you do not need a majority of the votes cast. You need a majority of votes outstanding. And when only 62% of our shareholders' votes are being cast at all, it's very tough to get 50.1% or more to be voting in favor. So it's just a reminder to one and all, your vote and your voting rights as a shareholder are sacred, and we encourage in future years all of our shareholders to vote all of their shares so that the will of the shareholders can in fact be followed. Because we not only get a majority of those cast, but we also get the required, majority of the votes outstanding. With that, I do hereby request that your final report of the inspector's election be filed within minutes of this meeting. On behalf of the company, AMC Entertainment Holdings, again, I would like to thank our shareholders for their participation in this meeting, and more importantly, for your ongoing support of AMC all year long, both as shareholders and as customers of our company, because we know that our shareholders are, in many cases, avid moviegoers and avid loyal patrons of AMCs theaters in the United States and theaters in The Odeon Cinemas Group in Europe. This completes the business to be conducted this meeting. I hereby declare that the 2026 annual meeting of shareholders of AMC Entertainment Holdings is now officially adjourned. Thank you.