verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . august 2014 learn how and when to remove this template message carmike cinemas inc. type public acquisition by amc theatres pending traded as nasdaq ckec industry entertainment predecessor martin theatres founded 1982 ; 34 years ago 1982 founder carl patrick sr. headquarters columbus ga united states number of locations 276 as of 03 2016 area served rural and suburban areas key people roland c. smith chairman of the board s. david passman president & ceo fred van noy coo richard hare cfo revenue 634.8 million 2013 1 operating income 59.5 million 2013 1 net income 5.7 million 2013 1 number of employees 7 800 2013 1 subsidiaries eastwynn theatres inc. george g. kerasotes corporation gkc indiana theatres inc. gkc michigan theatres inc. gkc theatres inc. military services inc. sundance cinemas website www.carmike.com carmike movie theater in statesboro georgia carmike cinemas is a motion picture exhibitor headquartered in columbus georgia in the united states of america . as of march 2016 the company has 276 theaters with 2 954 screens in 41 states and is the fourth largest movie theater company in the united states . 2 the company bills itself as america s hometown theatre and carmike theaters are largely positioned in rural or suburban areas with populations under 200 000 . 3 the company s theaters operate under various names and will generally have a name followed by the number of auditoriums at that location ; for example carmike 15 . on march 4 2016 amc theatres announced its intent to acquire carmike cinemas ; the deal if approved will make amc the largest cinema chain in the united states . contents 1 history 2 digital projection and 3d 3 references 4 external links history edit carmike was founded when carl l. patrick sr. acquired martin theatres from fuqua industries in 1982 . 4 the company s name was derived from a combination of the first names of carl l. patrick sr. s two sons carl jr. and michael hence carmike . citation needed carmike sought chapter 11 bankruptcy protection in august 2000 after failing to make us 9 million in interest payments to bondholders the company owed approximately us 650 million in debt . since declaring bankruptcy many theaters mostly smaller single twin and triple theatres in inactive markets were closed down and some were renovated or relocated in areas with desirable market potential most of these newer theaters are 10 screens or larger . the number of theaters owned or operated by the company dropped from 448 to just over 300 . 5 during bankruptcy the company was forced to sell or close several historic theaters including the villa theatre in salt lake city utah and the indian hills theater in omaha nebraska the latter of which contained a 70 foot 21 m wide cinerama screen believed to be the largest in the u.s. at the time . the indian hills was eventually demolished in august 2001 by its new owners methodist health system and replaced with a parking lot for the system s nearby hospital and nursing college . actress patricia neal called the destruction of the theater a crime in a letter of support and letters were also written by kirk douglas janet leigh robert wise and film critic leonard maltin . 6 carmike exited bankruptcy in january 2002 having successfully restructured its debts and operations . 7 a judge approved the chapter 11 plan filed in october 2001 which involved payment of us 263 million of carmike s bank loans . 5 in 2005 carmike purchased 30 gkc theaters 263 screens from the heirs of george kerasotes for us 66 million . the george kerasotes corporation was the result of a split with other family members who jointly owned kerasotes theatres . in december 2008 mark cuban acquired a 9.4 percent stake in carmike cinemas and following a securities and exchange commission sec filing cuban explained that his interest was for investment purposes . 8 carmike cinemas board of directors removed michael patrick as its chief executive on january 20 2009 . s. david passman iii was selected as the non executive chairman of the board . the board established an office of the chairman as a body that oversaw the company s strategic direction and the transitional period until a new chief executive was employed in addition to passman the office of the chairman consisted of chief operating officer fred van noy and chief financial officer richard hare . 9 on june 4 2009 the company announced that s. david passman iii was appointed president and chief executive officer while board member roland c. smith succeeded passman as carmike s chairman of the board . van noy and hare remained in their respective positions . citation needed in 2011 carmike cinemas closed a cinema in sandusky ohio when cinemark theatres built a cinema next to it . in the old cinema carmike was in herman s furniture relocated to that spot when the place was for sale . carmike cinemas acquired mnm theatres adding three locations 40 screens in the atlanta area . 10 in october 2012 rave cinemas signed an agreement to sell 16 theaters with 251 screens to carmike cinemas for 19 million in cash and 100.4 million of assumed lease obligations . of the 16 theaters being acquired six are in alabama four in florida two in indiana and one each in illinois pennsylvania tennessee and texas . this is carmike s first try with imax . the sale also included 7 imax screens . 11 before the sale rave owned or managed 62 theaters and 939 screens located in 21 states across the country . on july 18 2013 carmike cinemas announced that they would buy three more theatres from rave cinemas a division of cinemark theatres located in louisville kentucky ; voorhees new jersey ; and hickory creek texas . with this change the voorhees and louisville locations switched to screenvision from national cinemedia while hickory creek remains with screenvision . the sale also included an eighth imax screen . 12 the sale was closed on august 16 2013 . 13 on november 4 2013 carmike cinemas purchased muvico theaters llc for just under us 31.8 million in an acquisition that included muvico s nine locations in florida california and illinois . two bogart s restaurants were also included in the sale and after the sale closed at the end of 2013 the muvixl screens was rebranded as carmike s bigd . carmike s first ever californian location the thousand oaks 14 theater was obtained in the acquisition . 14 on may 15 2014 carmike cinemas announced their purchase of digital cinema destinations corp. operating as digiplex destinations in an all stock transaction . included in the deal were digiplex s 21 open locations containing 206 screens as well as 5 theaters in development with an additional 53 screens . the acquisition introduced carmike to 4 new states arizona connecticut maryland and new hampshire . 15 on august 5 police shot vincente david montano at carmike hickory 8 in antioch tennessee . 16 17 on october 6 2015 carmike cinemas announced it agreed to acquire the sundance group s cinema chain sundance cinemas for 36 milion . 18 on march 3 2016 amc theatres announced its intent to acquire carmike cinemas in a 1.1 billion deal subject to regulatory and shareholder approval . when consummated the deal is expected to cause amc to overtake regal entertainment group as the united states largest movie theater chain . 19 20 digital projection and 3d edit this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . august 2014 learn how and when to remove this template message carmike cinemas headquarters in columbus georgia in 2005 carmike cinemas launched a contract with christie digital systems to convert all its auditoriums to texas instruments dlp projection technology . this rollout was completed in 2007 and all of the company s first run theatres were converted to digital projection . as of october 2013 the company remained a leader in digital projection with 2 418 digital screens of which 954 were capable of showing real d 3d movies . references edit a b c d http c272342.r42.cf1.rackcdn.com 10k.pdf carmike cinemas investor relations . carmike cinemas . 2016 03 03 . retrieved 2016 03 04 . porter michael e. november december 1996 . what is strategy . harvard business review . fuqua to sell theater unit . the new york times . february 26 1982 . a b company news ; judge approves chapter 11 plan for carmike cinemas . the new york times . 4 january 2002 . retrieved 2 august 2014 . historic theater threatened . cbs news . 18 july 2001 . retrieved 2 august 2014 . adams tony january 21 2009 . carmike cinemas board removes ceo michael patrick . columbus ledger enquirer . retrieved on january 26 2009 . dead link associated press 30 december 2008 . billionaire mark cuban acquires stake in carmike cinemas . pantagraph.com . pantagraph.com . retrieved 2 august 2014 . carmike cinemas ceo president michael patrick resigns quick facts . rtt news . 20 january 2009 . retrieved 2 august 2014 . carmike cinemas completes acquisition of three atlanta area mnm movie theatres with an aggregate of 40 screens pdf . c272342.r42.cf1.rackcdn.com . october 24 2011 . retrieved 2014 06 03 . carmike cinemas to buy 16 theaters from rave review cinemas press release . 4 traders . carmike cinemas inc. carmike cinemas to acquire three state of the art theatres totaling 52 screens from cinemark . 4 traders . retrieved 2014 06 03 . aug updated 2013 08 16 . cinemark completes required divestiture of 52 screens . dailyfinance . retrieved 2014 06 03 . carmike cinemas to acquire nine entertainment complexes with 147 screens from muvico theaters . the wall street journal . november 4 2013 . carmike cinemas to acquire digital cinema destinations corp. in an all stock transaction pdf press release . carmike cinemas inc. may 15 2014 . retrieved january 5 2015 . http www.newsweek.com vincente david montano antioch tennessee theater gunman 360355 http www.tennessean.com story news crime 2015 08 05 dispatcher active shooter reported antioch theater 31171021 lieberman david . carmike agrees to pay 36m for sundance cinemas . deadline . retrieved 6 october 2015 . amc deal for carmike would create biggest u.s. theater chain . the new york times . march 3 2016 . retrieved 2016 03 04 . amc s deal for carmike cinemas boosts chinese control of u.s. theaters . the wall street journal . retrieved 4 march 2016 . external links edit official website company investor website sundance cinemas official site v t e major cinema chains in the united states alamo drafthouse cinema amc theatres loews theatres starplex cinemas b & b theatres dickinson theatres bow tie cinemas carmike cinemas cinemark theatres century theatres rave cinemas classic cinemas cobb theatres dipson theatres emagine entertainment goodrich quality theaters harkins theatres kerasotes theatres landmark theatres loeks theatres inc. malco theatres marcus theatres marquee cinemas megaplex theaters national amusements neighborhood cinema group pacific theatres reel theatres regal entertainment group regal cinemas edwards theaters united artists theaters santikos theatres ultrastar cinemas warren theatres wehrenberg theatres retrieved from https en.wikipedia.org w index.php title carmike cinemas & oldid 734819949 categories amc theatrescompanies based in columbus georgiacompanies listed on nasdaqmovie theatre chains in the united stateshidden categories all articles with dead external linksarticles with dead external links from june 2016articles needing additional references from august 2014all articles needing additional referencesall articles with unsourced statementsarticles with unsourced statements from august 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search