Document:

<PAGE>
                                                                   EXHIBIT 10.19

                              CARMIKE CINEMAS, INC.

                               FIRST AMENDMENT TO
                             STOCKHOLDERS' AGREEMENT

         This First Amendment to the Stockholders' Agreement (this "AMENDMENT")
is made and entered into as of July ___, 2002 by and among Carmike Cinemas,
Inc., a Delaware corporation (the "COMPANY"), and the other parties signatory
hereto (the "STOCKHOLDERS" and together with the Company, the "PARTIES").
Capitalized terms not otherwise defined herein shall have the respective
meanings given them in the Stockholders' Agreement dated as of January 31, 2002
(the "STOCKHOLDERS' AGREEMENT").

                                   WITNESSETH:

         WHEREAS, the Parties have executed a Stockholders' Agreement setting
forth certain rights and obligations regarding the Stock held by the
Stockholders, including a 25-month prohibition on the Stockholders transferring
their Stock and agreement to vote their Stock in favor of the election of
certain designees to the Board of Directors of the Company;

         WHEREAS, the Parties have executed the Registration Rights Agreement
dated as of January 31, 2002 setting forth certain rights and obligations
regarding the registration of Stock held by the Stockholders;

         WHEREAS, the Board of Directors of the Company has authorized the
proper officers of the Company to file with the U.S. Securities and Exchange
Commission by and on behalf of the Company the Registration Statement No.
333-90028 on Form S-1 (and any appropriate amendments thereto) (the
"REGISTRATION STATEMENT") in connection with an underwritten public offering of
shares of its common stock (the "PROPOSED OFFERING") and the Parties have
executed the Waiver and Consent Agreement, dated as of June 7, 2002 (the "WAIVER
AND CONSENT"), permitting the Selling Stockholders (as herein defined) to
exercise their piggyback registration rights by including, in the aggregate,
500,000 shares of the Stock of the Selling Stockholders (as herein defined) in
the Registration Statement; and

         WHEREAS, the Parties desire to supersede the Waiver and Consent by
amending the Stockholders' Agreement to permit the Selling Stockholders (as
herein defined) to exercise their piggyback rights in connection with the
Proposed Offering, and to include in the Proposed Offering an aggregate of up to
750,000 shares; plus additional shares in an amount that represents no more than
the lesser of (i) 1,835,000 shares plus up to an additional 275,250 shares to
satisfy the underwriters' over-allotment option, if exercised, and (ii) the
number of shares equal to 20% of the maximum aggregate offering price set forth
in the "Calculation of Registration Fee" table contained in the Registration
Statement divided by the public offering per share in the Proposed Offering and
to set forth the Stockholders' understanding with respect to the continued
service on the Board of Directors of the Jordan/Zalaznick Board Designees upon
any 33.33% Transfer that results from the completion of the Proposed Offering.

<PAGE>

         NOW, THEREFORE, in consideration of the premises and mutual agreements,
covenants and provisions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Parties hereto agree as follows:

                                    ARTICLE I
                                   AMENDMENTS

         A.       Board Designees. Section 1.4 of the Stockholders' Agreement
shall be amended by adding the following sentence:

                   Notwithstanding the foregoing, the parties hereto understand
                   and agree that any 33.33% Transfer by Jordan/Zalaznick that
                   occurs as a result of the proposed public offering of the
                   Company contemplated by Registration Statement No. 333-90028,
                   initially filed June 7, 2002 with the Securities and Exchange
                   Commission (the "PROPOSED OFFERING"), will not have the
                   effect of requiring any Board Designee of Jordan/Zalaznick to
                   be removed; it being understood and agreed that any such
                   Board Designee that has been elected or who has been
                   nominated in the proxy statement for election by the Company
                   stockholders at the annual meeting to be held in August 2002
                   will continue to serve until the annual meeting of
                   stockholders of the Company to be held in 2003; it being
                   further understood and agreed that, no later than the 30th
                   day preceding the date on which the Company intends to mail
                   its proxy statement to stockholders for such 2003 annual
                   meeting, Jordan/Zalaznick shall identify to the Company and
                   the Board of Directors any such Board Designee who would have
                   been removed as a result of such 33.33% Transfer pursuant to
                   this Section 1.4 (the "INCUMBENT JZ DESIGNEE"), and any such
                   Incumbent JZ Designee shall abstain and not participate in
                   any determination by the Board of Directors as to who should
                   be nominated by the Board of Directors to fill his vacancy at
                   the 2003 annual meeting (it being understood that such
                   Incumbent JZ Designee shall not be disqualified from being so
                   nominated) or whether to reduce the size of the Board of
                   Directors to eliminate such vacancy. The parties hereto agree
                   that the 2003 annual meeting shall take place no later than
                   August 14, 2003, and hereby agree to take such action as
                   would be required to schedule this meeting no later than such
                   date.

         B.       Transfer Restrictions. Section 3 of the Stockholders'
Agreement shall be amended by adding as a third paragraph:

                   Notwithstanding the foregoing, each of The Jordan Trust;
                   TJT(B); TJT(B) (Bermuda) Investment Company LTD; David W.
                   Zalaznick and Barbara Zalaznick, JT; and Leucadia Investors,
                   Inc. or any of its Affiliates (collectively, the "SELLING
                   STOCKHOLDERS") shall be permitted to Transfer such Selling
                   Stockholder's Stock pursuant to the Proposed Offering and to
                   include such Stock in Registration Statement No. 333-90028
                   (subject to the provisions of Section 4(c) of the
                   Registration Rights Agreement, among the Company and the
                   stockholders listed therein, dated as of January 31, 2002, as
                   amended on the date hereof) provided that the aggregate
                   number of shares of Stock Transferred by the

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                  Selling Stockholders in the Proposed Offering shall not exceed
                  in the aggregate the lesser of (i) 1,835,000 shares plus up to
                  an additional 275,250 shares solely to satisfy the
                  underwriters' over-allotment option, and (ii) the number of
                  shares equal to 20% of the maximum aggregate offering price
                  set forth in the "Calculation of Registration Fee" table
                  contained in the Registration Statement No. 333-90028 divided
                  by the public offering price per share in the Proposed
                  Offering; and provided further that any of the shares of Stock
                  of the Selling Stockholders not sold in the Proposed Offering
                  for any reason shall thereupon return to being subject to all
                  transfer restrictions imposed by the Stockholders' Agreement.

                                   ARTICLE II
                                  MISCELLANEOUS

         A.       Incorporation of Provisions. The provisions of Section 7 of
the Stockholders' Agreement shall apply to this Amendment as if set forth herein
in their entirety.

         B.       Limitation of Amendment. Except for the amendments expressly
set forth above, the Stockholders' Agreement shall remain unchanged and in full
force and effect.

         C.       Waiver and Consent Agreement. This Amendment supersedes the
Waiver and Consent Agreement, dated as of June 7, 2002, by and among the
Parties.

                  [Remainder of page left intentionally blank]

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<PAGE>

         IN WITNESS WHEREOF, this Amendment has been executed as of the date and
year first above written.

                                             THE "COMPANY"

                                             CARMIKE CINEMAS, INC.

                                             By:
                                                ------------------------------
                                                Name:
                                                Title:

                                       4
<PAGE>

                                         THE "STOCKHOLDERS"

                                         MICHAEL W. PATRICK, as an individual

                                         By:
                                            ------------------------------

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<PAGE>

                                        GS CAPITAL PARTNERS III, L.P.
                                        By:  GS Advisors III, L.L.C.,
                                             Its General Partner

                                        By:
                                           ------------------------------
                                            Name:
                                            Title:

                                        GS CAPITAL PARTNERS III OFFSHORE, L.P.
                                        By:  GS Advisors III, L.L.C.,
                                             Its General Partner

                                        By:
                                           ------------------------------
                                            Name:
                                            Title:

                                        GOLDMAN SACHS & CO. VERWALTUNGS GMBH
                                        By:

                                        By:
                                           ------------------------------
                                            Name:
                                            Title:

                                       6
<PAGE>

                                         BRIDGE STREET FUND 1998, L.P.
                                         BY: Stone Street 1998, L.L.C.,
                                             Its General Partner

                                          By:
                                             ------------------------------
                                             Name:
                                             Title:

                                         STONE STREET FUND 1998, L.P.
                                         BY: Stone Street 1998, L.L.C.
                                             Its General Partner

                                          By:
                                             ------------------------------
                                             Name:
                                             Title:

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<PAGE>

                                            THE JORDAN TRUST

                                             By:
                                                  ------------------------------
                                                  Name:  John W. Jordan II
                                                  Title: Trustee

                                             TJT(B)

                                             By:
                                                  ------------------------------
                                                  Name:  John W. Jordan II
                                                  Title: Trustee

                                             TJT(B) (BERMUDA) INVESTMENT COMPANY
                                             LTD.

                                             By:
                                                  ------------------------------
                                                  Name:  John W. Jordan II
                                                  Title: President

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<PAGE>

                                             DAVID W. ZALAZNICK AND BARBARA
                                             ZALAZNICK, JT TEN

                                             By:
                                                  ------------------------------
                                                  Name:  David W. Zalaznick

                                             By:
                                                  ------------------------------
                                                  Name:  Barbara Zalaznick

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<PAGE>

                                             LEUCADIA INVESTORS, INC.

                                             By:
                                                  ------------------------------
                                                  Name:  Joseph Orlando
                                                  Title: Vice President

                                             LEUCADIA NATIONAL CORPORATION

                                             By:
                                                  ------------------------------
                                                 Name:  Joseph Orlando
                                                 Title: Vice President and Chief
                                                        Financial Officer

                                       10<PAGE>
                                                                  EXHIBIT 10.20

                             CARMIKE CINEMAS, INC.

                               FIRST AMENDMENT TO
                         REGISTRATION RIGHTS AGREEMENT

         This First Amendment to the Registration Rights Agreement dated
January 31, 2002 (this "AMENDMENT") is made and entered into as of July __,
2002 by and among Carmike Cinemas, Inc., a Delaware corporation (the
"COMPANY"), and the other parties signatory hereto (the "HOLDERS" and together
with the Company, the "PARTIES"). Capitalized terms not otherwise defined
herein shall have the respective meanings given them in the Registration Rights
Agreement, dated as of January 31, 2002, by and among the Parties (the
"REGISTRATION RIGHTS AGREEMENT").

                                  WITNESSETH:

         WHEREAS, the Parties have executed a Stockholders' Agreement, dated as
of January 31, 2002 (the "STOCKHOLDERS' AGREEMENT") setting forth certain
rights and obligations regarding the shares of Common Stock held by the
Stockholders, including a 25-month prohibition on the Stockholders transferring
their shares of Common Stock and agreement to vote their shares of Common Stock
in favor of the election of certain designees to the Board of Directors of the
Company;

         WHEREAS, the Parties have executed the Registration Rights Agreement
setting forth certain rights and obligations regarding the registration of
Registrable Securities held by the Holders;

         WHEREAS, the Board of Directors of the Company has authorized the
proper officers of the Company to file with the Commission by and on behalf of
the Company the Registration Statement No. 333-90028 on Form S-1 (and any
appropriate amendments thereto) in connection with an underwritten public
offering of shares of its Common Stock (the "PROPOSED OFFERING") and the
Parties have executed the Waiver and Consent Agreement, dated as of June 7,
2002, permitting the Selling Stockholders (as herein defined) to exercise their
piggyback registration rights by including 500,000 shares in the aggregate of
Registrable Securities of the Selling Stockholders in Registration Statement
No. 333-90028; and

         WHEREAS, the Parties desire to amend the Registration Rights Agreement
to permit the Selling Stockholders to exercise their piggyback rights in
connection with the Proposed Offering, and to include in the Proposed Offering
an aggregate of up to 750,000 shares; plus additional shares in an amount that
represents no more than the lesser of (i) 1,835,000 shares plus up to an
additional 275,250 shares to satisfy the underwriters' over-allotment option,
if exercised, and (ii) the number of shares equal to 20% of the maximum
aggregate offering price set forth in the "Calculation of Registration Fee"
table contained in Registration Statement No. 333-90028 divided by the public
offering price per share in the Proposed Offering.

<PAGE>

         NOW, THEREFORE, in consideration of the premises and mutual
agreements, covenants and provisions contained herein, and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties hereto agree as follows:

                                   ARTICLE I
                                   AMENDMENTS

         A.       Definitions. The definition of "REGISTRATION EXPENSES" shall
be amended by adding in clause (ii) the phrase ", designated by the Holders in
a writing provided to the Company," after "the reasonable fees and expenses of
one counsel to the Holders of Registrable Securities".

         Section 1 of the Registration Rights Agreement shall be amended by
inserting in their proper alphabetical order the following definitions:

                           "PROPOSED OFFERING" means the proposed public
                  offering of the Company contemplated by Registration
                  Statement No. 333-90028.

                           "REGISTRATION STATEMENT NO. 333-90028" means the
                  Registration Statement on Form S-1 initially filed by the
                  Company on June 7, 2002 (and any appropriate amendments
                  thereto) in connection with the Proposed Offering.

                           "SELLING STOCKHOLDERS" means The Jordan Trust;
                  TJT(B); TJT(B) (Bermuda) Investment Company LTD; David W.
                  Zalaznick and Barbara Zalaznick, JT; and Leucadia Investors,
                  Inc. or any of its affiliates, as defined in the
                  Stockholders' Agreement.

                           "STOCKHOLDERS' AGREEMENT" means the Carmike Cinemas,
                  Inc. Stockholders' Agreement, dated as of January 31, 2002,
                  among the Company and the Signing Stockholders (as defined
                  therein), as amended on the date hereof.

         B.       Waiver and Notice. Section 4(a) of the Registration Rights
Agreement shall be amended by adding as the last two paragraphs:

                  Each Holder hereby waives the requirement that it receive the
                  20-day advance written notice of the filing of Registration
                  Statement No. 333-90028 and the other information required to
                  be set forth in such notice with respect to the Proposed
                  Offering; and the Company hereby waives the written request
                  to include Selling Stockholder Registrable Securities in the
                  Proposed Offering and the other information required to be
                  set forth in such request. The Selling Stockholders
                  acknowledge that they have requested pursuant to this
                  Amendment that the Company register on Registration Statement
                  No. 333-90028 750,000 shares of Common Stock for sale in the
                  Proposed Offering, subject to (i) their right to withdraw any
                  such shares from the Proposed Offering by written notice to
                  the Company and the managing underwriter delivered prior to
                  the signing of the Underwriting Agreement with respect to the
                  Proposed Offering and (ii) the cut

                                       2
<PAGE>

                  back provisions set forth in Section 4(c) hereof. In the
                  event that any of the Selling Stockholders wish to increase
                  the number of shares of Common Stock it requests that the
                  Company register on Registration Statement No. 333-90028 and
                  include in the Proposed Offering, such Selling Stockholder
                  will provide the Company and the managing underwriter with
                  written notice by telecopier, not later than three business
                  days prior to the pricing of the shares of Common Stock in
                  the Proposed Offering, of its request to increase the number
                  of its Registrable Securities to be included in the Proposed
                  Offering as provided in, and subject to the limitations
                  contained in, Section 3 of the Stockholders' Agreement.

                   The first 750,000 shares of Registrable Securities included
                   in Registration Statement No. 333-90028 for the Proposed
                   Offering shall be allocated among the Selling Stockholders
                   as follows: (i) 250,000 shares to The Jordan Trust, TJT(B)
                   and/or TJT(B) (Bermuda) Investment Company LTD; (ii) 250,000
                   shares to David W. Zalaznick and/or Barbara Zalaznick; and
                   (iii) 250,000 shares to Leucadia Investors, Inc. or any of
                   its Affiliates (as that term is defined in the Stockholders'
                   Agreement); provided, however, that any number of shares of
                   Registrable Securities in the Proposed Offering held by the
                   Selling Stockholders may, prior to Registration Statement
                   No. 333-90028 becoming effective, be re-allocated among the
                   Selling Stockholders as the Selling Stockholders shall
                   mutually agree and as shall be set forth in the applicable
                   underwriting agreement and the final prospectus delivered
                   after Registration Statement No. 333-90028 becomes
                   effective.

                   In the event of any attempted increase in the number of
                   Registrable Securities by the Selling Stockholders in
                   connection with the Proposed Offering pursuant to Section
                   4(a) which either exceeds the aggregate number of
                   Registrable Securities permitted by Section 3 of the
                   Stockholders' Agreement or which is cut back pursuant to
                   Section 4(c), in the absence of an allocation agreement
                   among the Selling Stockholders to the contrary, such excess
                   Registrable Securities shall be cut back or eliminated such
                   that the respective number of shares that may be sold by
                   each Selling Stockholder in the Proposed Offering shall be
                   prorated in accordance with each such Selling Stockholder's
                   percentage of the total shares held by the Selling
                   Stockholders.

         C.       Priority in Piggyback Registration. Section 4(c) of the
Registration Rights Agreement shall be amended by adding the following
paragraph:

                   Notwithstanding the foregoing, if the managing underwriter
                   or underwriters of the Proposed Offering advise the Company
                   in writing that in its or their opinion the number of shares
                   of Common Stock proposed to be sold in the Proposed Offering
                   exceeds the number of shares that can be sold in the
                   Proposed Offering without an adverse effect on the Proposed
                   Offering (such adverse effect, includes but is not limited
                   to, any adverse effect on the marketing of the Proposed
                   Offering or the price of the shares offered thereby), the
                   Company will include in the Proposed Offering only the
                   number of shares of Common Stock that, in the

                                       3
<PAGE>

                  opinion of such underwriter or underwriters, in its or their
                  sole and absolute discretion, can be sold in the Proposed
                  Offering as follows: first the 3,000,000 shares of Common
                  Stock the Company proposes to sell for its own account and
                  then second, 750,000 shares of Registrable Securities
                  requested to be included, in the aggregate, in the Proposed
                  Offering by the Selling Stockholders, pro rata among the
                  Selling Stockholders which have requested their Registrable
                  Securities to be included therein and then third any other
                  Registrable Securities, up to the amount permitted to be
                  transferred by the Selling Stockholders pursuant to Section 3
                  of the Stockholders' Agreement, requested by the Selling
                  Stockholders to be included in the Proposed Offering.

         D.       Section 5 of the Registration Rights Agreement is amended by
deleting Section 5(a) in its entirety and inserting the following in lieu
thereof:

         (a)      Restrictions Under the Stockholders' Agreement.
         Notwithstanding anything to the contrary contained herein, any
         transfer of the Common Stock is subject to the restrictions set forth
         in Section 3 of the Stockholders' Agreement.

         E.       Section 16 of the Registration Rights Agreement is amended by
deleting Section 16 and inserting in lieu thereof:

                   All notices and other communications required or permitted
                   under this Agreement shall be in writing and shall be deemed
                   given when delivered by facsimile or overnight courier
                   service or delivered personally to the parties at the
                   following addresses or facsimile numbers (or to such other
                   address or facsimile number as a party may have specified by
                   notice given to the other party pursuant to this provision):

                   If to the Company, to:

                   Carmike Cinemas, Inc.
                   1301 1st Avenue
                   Columbus, Georgia 31901
                   Attention:  President
                   Telecopier:  (706) 576-3441

                   With a copy to:

                   Troutman Sanders LLP
                   600 Peachtree Street
                   Atlanta, Georgia 30308
                   Attention:  Terry C. Bridges, Esq.
                   Telecopier:  (404) 962-6731

                                       4
<PAGE>

                   If to any Holder, addressed to such Holder at its address or
                   facsimile number as shown on the books of the Company, or at
                   such other address or facsimile number as such Holder may
                   specify by written notice to the Company.

                                   ARTICLE II
                                 MISCELLANEOUS

         A.       Incorporation of Provisions. The provisions of Sections 12,
13, 14, 15, 17, 18 and 19 of the Registration Rights Agreement shall apply to
this Amendment as if set forth herein in their entirety.

         B.       Limitation of Amendment. Except for the amendments expressly
set forth above, the Registration Rights Agreement shall remain unchanged and
in full force and effect.

         C.       Waiver and Consent Agreement. This Amendment supersedes the
Waiver and Consent Agreement, dated as of June 7, 2002, by and among the
Parties.

                  [Remainder of page left intentionally blank]

                                       5
<PAGE>

         IN WITNESS WHEREOF, this Amendment has been executed as of the date
and year first above written.

                                    THE "COMPANY"

                                    CARMIKE CINEMAS, INC.

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                       6
<PAGE>

                                    THE "HOLDERS"

                                    MICHAEL W. PATRICK, as an individual

                                    By:
                                       ----------------------------------------

                                       7
<PAGE>

                                    GS CAPITAL PARTNERS III, L.P.
                                    By:  GS Advisors III, L.L.C.,
                                         Its General Partner

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                    GS CAPITAL PARTNERS III OFFSHORE, L.P.
                                    By:  GS Advisors III, L.L.C.,
                                         Its General Partner

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                    GOLDMAN SACHS & CO. VERWALTUNGS GMBH
                                    By:

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                       8
<PAGE>

                                    BRIDGE STREET FUND 1998, L.P.
                                    BY: Stone Street 1998, L.L.C.,
                                        Its General Partner

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                    STONE STREET FUND 1998, L.P.
                                    BY: Stone Street 1998, L.L.C.
                                        Its General Partner

                                    By:
                                       ----------------------------------------
                                       Name:
                                       Title:

                                       9
<PAGE>

                                    THE JORDAN TRUST

                                    By:
                                       ----------------------------------------
                                       Name:  John W. Jordan II
                                       Title: Trustee

                                    TJT(B)

                                    By:
                                       ----------------------------------------
                                       Name:  John W. Jordan II
                                       Title: Trustee

                                    TJT(B) (BERMUDA) INVESTMENT COMPANY LTD.

                                    By:
                                       ----------------------------------------
                                       Name:  John W. Jordan II
                                       Title: President

                                      10
<PAGE>

                                    DAVID W. ZALAZNICK AND BARBARA ZALAZNICK,
                                    JT TEN

                                    By:
                                       ----------------------------------------
                                       Name:  David W. Zalaznick

                                    By:
                                       ----------------------------------------
                                       Name:  Barbara Zalaznick

                                      11
<PAGE>

                                    LEUCADIA INVESTORS, INC.

                                    By:
                                       ----------------------------------------
                                       Name:  Joseph Orlando
                                       Title: Vice President

                                    LEUCADIA NATIONAL CORPORATION

                                    By:
                                       ----------------------------------------
                                       Name:  Joseph Orlando
                                       Title: Vice President and
                                              Chief Financial Officer

                                      12

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