AMC Says CEO Adam Aron Received Emergency Care For Minor Stroke, Continues In Full Leadership Role

• The company added that Aron suffered initial slurring of his speech due to the stroke, after which he commenced speech therapy.
• It noted that Aron has since made a recovery in the quality and tenor of his voice, and that the CEO expects to make a “speedy and full recovery.”
• In a recent business update, AMC announced that it recorded the busiest week of the year at its theatres during the Thanksgiving holiday.

AMC Entertainment Holdings Inc. (AMC) on Thursday stated that its Chairman and CEO, Adam Aron, suffered a minor stroke while on a recent business trip to London.

Aron, 71, immediately received emergency medical care on November 17 at the National Hospital for Neurology and Neurological Sciences, a public hospital operated by the United Kingdom’s National Health Service.

“He has kept in close and constant communication with the Board of Directors of AMC, with respect both to the prognosis for his recovery as well as the general business affairs of the Company,” AMC said in a statement.

AMC shares were up nearly 0.7% in Thursday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory at the time of writing.

Aron Remains In Charge

The company stated that Aron remains in charge of his duties as the Chairman, President, and CEO of AMC Entertainment.

“There are no indications of loss of cognitive brain function related to Mr. Aron’s ability to process complex information, his memory or his written communications, which are all normal and undiminished,” the company stated.

It added that Aron suffered initial slurring of his speech due to the stroke, after which the AMC CEO commenced speech therapy. AMC noted that Aron has since recovered in terms of the quality and tenor of his voice, and that the CEO expects to make a “speedy and full recovery.”

AMC’s Business Updates

In a recent business update, AMC announced that it recorded the busiest week of the year at its theatres during the Thanksgiving holiday.

The company said that more than 6.9 million guests visited an AMC or ODEON movie theatre during the week. AMC has 860 theatres and 9,600 screens worldwide.

The company also stated that it would host promotional fan screenings of the Stranger Things finale from Netflix Inc. (NFLX) on December 31 and January 1.

AMC stock is down 42% year-to-date and 53% over the past 12 months.

Also See: Nvidia’s Jensen Huang Reportedly Reminds Author Stephen Witt Of Edison: ‘He’s Got An Inventor’s Mindset’

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