AMC Global Media Hires Hozefa Lokhandwala as Chief Financial Officer

AMC Global Media Inc. has appointed Hozefa Lokhandwala as Executive Vice President and Chief Financial Officer, according to an employment agreement filed with the Securities and Exchange Commission on June 17, 2026.

Lokhandwala's employment began on June 16, 2026, and will continue through June 30, 2029, at which point the agreement automatically expires. He reports directly to the Chief Executive Officer.

Compensation and Benefits

Under his employment agreement, Lokhandwala is eligible for:

• An annual discretionary bonus with a target of 100% of his annual salary, subject to company, unit, and individual performance metrics. The Compensation Committee has sole discretion over whether to pay a bonus and how much it will be.
• Long-term equity and cash incentive awards. For 2026, he is expected to receive $375,000 in total awards: $187,500 in restricted stock units (a form of stock award) and $187,500 in cash performance awards. Starting in 2027, he is expected to receive annual grants with a combined target value of at least $750,000.
• Severance benefits if the company terminates his employment without cause (or if he resigns for "good reason"). The severance would be worth at least two times his annual base salary plus target annual bonus, paid partly six months after departure and partly over the following six months. He would also receive a prorated bonus for the year of termination and continued vesting of any outstanding stock awards.
• If Lokhandwala dies or becomes disabled before his agreement expires, his estate or beneficiary would receive remaining severance benefits and his equity awards would immediately vest in full.
• Indemnification protection consistent with other similarly situated executives, including coverage under the company's officers' and directors' liability insurance.

Work Obligations and Restrictions

Lokhandwala has agreed to spend substantially all his business time on the company's affairs. He may participate in educational, charitable, religious, and civic organizations, and serve on boards of non-competing businesses with company approval. He has pre-approved activities listed in the agreement.

Within 15 business days of the agreement's effective date, he must resign from any other board positions unless they were pre-approved or subsequently authorized by the company.

The agreement includes standard restrictions that survive employment termination: a one-year non-compete clause, non-disparagement, non-solicitation of company employees, and confidentiality obligations. He is prohibited from working for or investing in any business that competes with AMC Global Media or its subsidiaries, with limited exceptions (such as owning no more than 1% of a publicly traded company's stock). If he is asked to assist with litigation or company matters after leaving, he will be paid $4,000 per day.

The agreement took effect on June 16, 2026, and required Lokhandwala's acknowledgment by June 19, 2026, to remain valid.