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<SEC-DOCUMENT>0000950123-10-013357.txt : 20100216
<SEC-HEADER>0000950123-10-013357.hdr.sgml : 20100215
<ACCEPTANCE-DATETIME>20100216165921
ACCESSION NUMBER:		0000950123-10-013357
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100215
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20100216
DATE AS OF CHANGE:		20100216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cinemark Holdings, Inc.
		CENTRAL INDEX KEY:			0001385280
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE THEATERS [7830]
		IRS NUMBER:				205490327
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33401
		FILM NUMBER:		10609178

	BUSINESS ADDRESS:	
		STREET 1:		3900 DALLAS PARKWAY
		STREET 2:		SUITE 500
		CITY:			PLANO
		STATE:			TX
		ZIP:			75093
		BUSINESS PHONE:		(972) 665-1000

	MAIL ADDRESS:	
		STREET 1:		3900 DALLAS PARKWAY
		STREET 2:		SUITE 500
		CITY:			PLANO
		STATE:			TX
		ZIP:			75093
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d71069e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, DC 20549<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of report (Date of earliest event reported): February&nbsp;15, 2010</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Cinemark Holdings, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
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    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or Other Jurisdiction<BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>001-33401</B><BR>
 (Commission<BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>20-5490327</B><BR>
(IRS Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>3900 Dallas Parkway, Suite&nbsp;500, Plano, Texas 75093</B><BR>
(Address of Principal Executive Offices) (Zip Code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>972.665.1000</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>N/A</B><BR>
(Former Name or Former Address, if Changed Since Last Report)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>









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<DIV style="font-family: 'Times New Roman',Times,serif">









<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective February&nbsp;15, 2010, Cinemark Holdings, Inc. (the &#147;<B><I>Company</I></B>&#148;, &#147;<B><I>we</I></B>&#148; or &#147;<B><I>us</I></B>&#148;) entered
into an employment agreement (the &#147;<B><I>Employment Agreement</I></B>&#148;) with Valmir Fernandes, the President of
Cinemark International, L.L.C., a wholly-owned subsidiary of the Company. A summary of the
Employment Agreement is below:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The initial term of the employment agreement is three years, ending on February&nbsp;15, 2013,
subject to an automatic extension for a one-year period, unless the employment agreement is
terminated. Mr.&nbsp;Fernandes will receive a base salary of $350,000 during 2010, which is subject to
review during the term of the employment agreement for increase (but not decrease) each year by our
Compensation Committee. In addition to base salary,
Mr.&nbsp;Fernandes will receive an annual expatriate allowance in the
amount of $30,000. Mr.&nbsp;Fernandes is also eligible to receive an annual cash incentive
bonus upon our meeting certain performance targets established by our Compensation Committee for
the fiscal year. Mr.&nbsp;Fernandes qualifies for our 401(k) matching program and is also entitled to
certain additional benefits including life insurance and disability insurance. Mr.&nbsp;Fernandes&#146;s
employment agreement provides for severance payments upon termination of his employment, the amount
and nature of which depends upon the reason for the termination of employment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If Mr.&nbsp;Fernandes resigns for good reason (as defined in the agreement) or without cause, Mr.
Fernandes will receive: accrued compensation (which includes base salary and a pro rata bonus)
through the date of termination, vacation pay and any vested equity awards and benefits such as
retirement benefits, in accordance with the terms of the plan or agreement pursuant to which such
equity awards or benefits were granted to Mr.&nbsp;Fernandes; two times his annual base salary as in
effect at the time of termination for a period of twenty-four (24)&nbsp;months following such
termination, subject to applicable Section&nbsp;409A requirements and an amount equal to the most recent
annual bonus received by Mr.&nbsp;Fernandes for any fiscal year ended prior to the date of such
termination payable in a lump sum within thirty (30)&nbsp;days following such termination. Mr.
Fernandes&#146;s outstanding stock options will become fully vested and exercisable upon such
termination or resignation; equity awards other than stock options with time vesting provisions
shall become vested on a pro rata basis and equity awards other than stock options with performance
based vesting provisions shall remain outstanding through the remainder of the applicable
performance period (without regard to any continued employment requirement) and if or to the extent
the performance provisions are attained shall become vested without any regard to any continued
employment requirement on a pro rata basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event Mr.&nbsp;Fernandes&#146;s employment is terminated due to his death or disability, Mr.
Fernandes or his estate will receive: accrued compensation (which includes base salary and a pro
rata bonus) through the date of termination, vacation pay and any vested equity awards and benefits
such as retirement benefits, in accordance with the terms of the plan or agreement pursuant to
which such equity awards or benefits were granted to Mr.&nbsp;Fernandes; any previously vested stock
options and accrued benefits, such as retirement benefits, in accordance with the terms of the plan
or agreement pursuant to which such options or benefits were granted; a lump sum payment equal to
twelve (12)&nbsp;months of his annual base salary as in effect at the time of termination except that in
the case of disability, such payment shall be offset by the amount of base salary paid by the
Company to Mr.&nbsp;Fernandes from the date Mr.&nbsp;Fernandes was first unable to substantially perform his
duties through the date of termination; any benefits payable to Mr.&nbsp;Fernandes and/or his
beneficiaries in accordance with the terms of any applicable benefit plan; and at the Company&#146;s
expense, Mr.&nbsp;Fernandes and/or his dependants shall be entitled to participate in the Company&#146;s
welfare benefit plans and programs as similarly situated active employees for a period of twelve
(12)&nbsp;months from the date of termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event Mr.&nbsp;Fernandes&#146;s employment is terminated by us for cause or under a voluntary
termination (as defined in the agreement), Mr.&nbsp;Fernandes will receive accrued base salary through
the date of termination and any previously vested rights under a stock option or similar incentive
compensation plan in accordance with the terms of such plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If Mr.&nbsp;Fernandes is terminated (other than for disability, death or cause) or resigns for good
reason within one year after a change of control (as defined in the agreement), Mr.&nbsp;Fernandes will
receive accrued compensation (which includes base salary and a pro rata bonus) through the date of
termination, vacation pay and any vested equity awards and benefits such as retirement benefits, in
accordance with the terms of the plan or agreement pursuant to which such equity awards or benefits
were granted to Mr.&nbsp;Fernandes; a lump sum payment equal to two times his annual base salary as in
effect at the time of termination plus an amount equal to one and a half times the
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">most recent bonus received by Mr.&nbsp;Fernandes for the fiscal year ended prior to the date of
termination; Mr.&nbsp;Fernandes and his dependants shall be entitled to continue to participate in the
Company&#146;s welfare benefit plans and insurance programs on the same terms as similarly situated
active employees for a period of thirty (30)&nbsp;months and any outstanding equity awards shall be
fully vested and/or exercisable as of the date of termination and shall remain exercisable in
accordance with the terms of the plan or arrangement pursuant to which such compensation awards
were granted.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless Mr.&nbsp;Fernandes&#146;s employment is terminated by us for cause Mr.&nbsp;Fernandes will also be
entitled to office space and support services for a period of not more than three months (3)
following the date of any termination. The employment agreement contains various covenants,
including covenants related to confidentiality, non-competition (other than certain permitted
activities as defined therein) and non-solicitation.
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURE
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CINEMARK HOLDINGS, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Michael D. Cavalier
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Michael D. Cavalier&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President &#151; General Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: February&nbsp;16, 2010
</DIV>



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