AMC Networks extends content chief McDermott through 2028

AMC Networks Inc. (NASDAQ: AMCX) entered into a new employment agreement with Dan McDermott to serve as Chief Content Officer and President of AMC Studios through December 31, 2028, according to a company statement.

The agreement, effective November 18, 2025, establishes a minimum annual base salary of $1,625,000 for McDermott, retroactive to July 1, 2025. McDermott will receive an annual target bonus opportunity of at least 130% of actual salary paid during the applicable year, retroactive to January 1, 2025.

Under the contract terms, McDermott will receive annual grants of cash and equity awards with an aggregate target value of at least $1,600,000, split evenly between cash and equity components. For the 2025 award cycle, McDermott received additional long-term incentive awards totaling $600,000, consisting of a $300,000 cash performance award and $300,000 in restricted stock units.

The restricted stock units will vest according to the schedule applicable to previously approved 2025 long-term incentive awards. McDermott remains eligible for the company's standard benefit programs subject to eligibility requirements and plan terms.

McDermott will continue participating in long-term equity and incentive programs available to similarly-positioned executives during his employment term.

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