Directors of Leawood-based AMC Entertainment Holdings have appointed Kathleen M. Pawlus as an independent director on the company’s AMC board, effective Dec. 17.
Pawlus retires effective Dec. 16 as a partner at Ernst & Young, where she has been its Global Assurance chief financial officer and chief operating officer.
According to documents filed with the Securities and Exchange Commission, AMC paid Ernst & Young $4.4 million for professional services from Jan. 1, 2013, through Dec. 15, 2014.
Pawlus’s retirement from Ernst & Young allows her to serve as an independent director on the AMC audit committee, according to the SEC filing.
She replaces AMC board member Lin Zhang on the audit committee. Zhang will continue to serve on the board. One result of the audit committee change is that all three committee members will be considered independent members under SEC regulations, the company said.
Pawlus’s appointment expands the AMC board to nine directors, three of whom are deemed independent from company officers or owners.
“Kathleen brings with her more than 30 years of extensive financial experience, and we are excited to welcome her to AMC’s board of directors,” said Gerry Lopez, AMC’s president and chief executive.
As an AMC board member, Pawlus will receive an annual cash retainer of $50,000 and an annual stock award valued at $100,000, prorated for the remainder of 2014.
A certified public accountant, Pawlus graduated from Indiana University with a bachelor’s degree in business and spent her entire career at Ernst & Young.