EX-99.1 3 g94150exv99w1.txt EX-99.1 2004 CASH BONUSES FOR NAMED EXECUTIVE OFFICERS . . . EXHIBIT 99.1 CARMIKE CINEMAS, INC. 2004 CASH BONUSES FOR THE NAMED EXECUTIVE OFFICERS
Named Executive Officer 2004 Cash Bonus ----------------------- --------------- Michael W. Patrick 798,000(1) President, Chief Executive Officer and Chairman of the Board of Directors Martin A. Durant 174,205 Senior Vice President - Finance, Treasurer and Chief Financial Officer Fred W. Van Noy 174,205 Senior Vice President and Chief Operating Officer Anthony J. Read 174,205 Senior Vice President - Film and Secretary Gary F. Krannacker (2) 55,745 Vice President - Operations
(1) In addition to the $525,000 bonus approved by the Compensation and Nominating Committee, the Company previously agreed to pay Mr. Patrick a bonus in any quarter that it pays a dividend equal to the number of shares remaining to be issued pursuant to his employment agreement multiplied by the quarterly dividend per share for such quarter. In 2004, a total of $273,000 was paid to Mr. Patrick in connection with this dividend-related bonus. (2) The Company expects Mr. Krannacker to be a named executive officer in its proxy statement for the 2005 annual meeting of stockholders.