UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 15, 1997
AMC ENTERTAINMENT INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 01-8747 43-1304369
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number Identification No.)
106 W. 14TH STREET, KANSAS CITY, MO 64105-1977
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (816) 221-4000
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ITEM 5. Other Events
The Company has issued a press release dated August 15, 1997
announcing that the Company's stockholders approved a merger of Durwood,
Inc., the Company's principal stockholder, into the Company.
ITEM 7. Financial Statements, Pro Forma Financial Statements and Exhibits
(c) Exhibits
99.1 News Release dated August 15, 1997 released by the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1994,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AMC ENTERTAINMENT INC.
Date: August 22, 1997 By: /s/ Richard L. Obert
Richard L. Obert
Senior Vice President and
Chief Accounting and
Information Officer
<PAGE>
Stockholders Approve Merger of Durwood, Inc. Into AMCE
Kansas City, Mo. (August 15, 1997) AMC Entertainment Inc. (AMCE) announced
that its stockholders today approved a merger of Durwood, Inc., AMCE's
principal stockholder, into AMCE. In addition to receiving the statutory
required vote, the merger was approved by a majority vote of AMCE's
unaffiliated stockholders.
The merger proposal was previously announced in April 1997. In the merger,
stockholders of Durwood, Inc. will exchange their shares of Durwood, Inc.
for shares of AMCE stock. Outstanding shares of AMCE's common stock will
increase and outstanding shares of its Class B shares will decrease as a
result of the merger. However, no aggregate increase in total outstanding
shares will occur because shares of AMCE owned by Durwood Inc. will be
canceled, and shares held by other stockholders will not be exchanged in
the merger.
Durwood, Inc. was primarily a holding company with no significant
operations or assets other than its equity interest in AMCE. The merger
will be accounted for as a corporate reorganization, and the recorded
balances for consolidated assets, liabilities, total stockholders' equity
and results of the operations of AMCE will not be affected. AMCE does not
believe the transaction will have a significant effect on its financial
condition, liquidity or capital resources.
AMC Entertainment Inc. (AMCE) is an entertainment company principally
involved in motion picture exhibition in the U.S., through its largest
operating subsidiary, American Multi-Cinema, Inc. (AMC). AMCE also is
involved in exhibition in select international markets. AMCE, headquartered
in Kansas City, Mo., has 2,052 screens, 228 theatres in 23 states, District
of Columbia, Portugal and Japan. Its common stock trades on the American
and Pacific Stock Exchanges under the symbol AEN, and its preferred stock
trades on the American Stock Exchange under the symbol AEN Pr.
