Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading entertainment, digital cinema and 3-D motion picture exhibitor, today announced that its President and Chief Executive Officer, David Passman, has received the 2013 Ernst & Young Entrepreneur of the Year® Award for the Southeast US Region. The Award in the ‘Leadership’ category was presented to Mr. Passman at a black-tie gala awards banquet held earlier this month.
“Carmike has been on a journey in recent years that has seen our organization make tremendous strides both financially and operationally,” stated Mr. Passman. “The Ernst & Young Award is an acknowledgment of the tremendous team effort at Carmike as we have successfully transitioned to a growth mode focused on further expanding our theatrical circuit to 300 locations and 3000 screens. Prior to embarking on this expansion, we successfully completed our previous corporate goals of strengthening the Company’s balance sheet and significantly improving theatre-level operations, positioning us for future growth.”
Having been honored in the Southeast Region, David Passman is now eligible for the National Entrepreneur of the Year® Award, which will be presented at a Forum to be held later this year.
About Ernst & Young’s Entrepreneur Of The Year®Ernst & Young’s Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award recognizes the significant contributions of entrepreneurs who inspire others with their vision, leadership and achievement. About Carmike Cinemas ( www.carmike.com ) Carmike Cinemas, Inc. is a U.S. leader in digital cinema and 3-D cinema deployments and one of the nation’s largest motion picture exhibitors. As of March 31, 2013, Carmike had 244 theatres with 2,464 screens in 35 states. Carmike’s digital cinema footprint reached 2,369 screens, including 232 theatres with 869 screens that are also equipped for 3-D. The circuit also includes 18 “Big D” large format digital experience auditoriums, featuring state-of-the-art equipment and luxurious seating and 7 IMAX ® auditoriums. As “America’s Hometown Theatre Chain,” Carmike’s primary focus for its locations is small to mid-sized communities.
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