Cinemark Holdings Inc. CEO Mark Zoradi saw his total compensation for 2019 rise to $6.3 million, compared to $5.24 million in 2018, per the company's proxy statement filed with the Securities and Exchange Commission on Friday.
That was before Cinemark, the third-largest theater circuit in the U.S. behind AMC Theatres and Regal, on March 20 shut down virtually all of its roughly 350 locations nationwide amid the novel coronavirus outbreak, alongside other rival venues.
The chain also said Zoradi and his board of directors were forgoing their entire salaries for the time being, while mandating deep pay reductions for all U.S.