Management ChangeJun 17, 2026, 04:07 PM
AMC Networks Appoints Hozefa Lokhandwala as EVP and CFO
AI Summary
AMC Networks Inc. announced the appointment of Hozefa Lokhandwala, age 51, as its new Executive Vice President and Chief Financial Officer, effective June 16, 2026. Mr. Lokhandwala brings extensive experience from roles at VICE Media Group and J.P. Morgan. His employment agreement includes an annual base salary of $750,000, a target annual bonus of 100% of salary, and annual long-term incentive awards with a target value of at least $750,000.
Key Highlights
- AMC Networks appointed Hozefa Lokhandwala as Executive Vice President and Chief Financial Officer, effective June 16, 2026.
- Mr. Lokhandwala's employment agreement expires on June 30, 2029.
- He will receive a minimum annual base salary of $750,000.
- His annual target bonus opportunity is 100% of his actual salary.
- He is expected to receive annual grants of cash and/or equity awards with an aggregate target value of not less than $750,000.
- He received a pro-rated 2026 long-term incentive award with a total target value of $375,000.
- Severance provisions include a cash payment of at least two times the sum of annual base salary and target bonus upon certain terminations.
Price Impact
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