Carmike Cinemas Inc. is a movie theatre corporation headquartered in Columbus, Georgia in the United States of America. It currently operates 250 theaters in 36 states, making it the fourth largest theatre company in the United States.
Carmike was founded when Michael W. Patrick, and his father, Carl L. Patrick, Sr. acquired Martin Theatres from Fuqua Industries in 1982.The theater name comes from a combination of Carl L. Patrick, Sr.’s two sons, Carl Jr. and Michael, hence Carmike.
The company posted a $127 million loss in 2007 and posted a $203,000 loss in their third quarter earnings report in 2008.
Carmike Cinemas Inc.’s board of directors removed Michael Patrick as its chief executive in January 2009, citing struggles with earnings and the company’s less than $3 a share stock price, down from $26 a share in January 2007. S. David Passman III was selected as a temporary non-executive chairman until a new chief executive is found.
For more information vist their official site: http://www.carmike.com/
