UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 6, 2023, the Board of Directors (the “Board”) of IMAX Corporation (the “Company”) appointed Gail Berman, the Chairman and Chief Executive Officer of The Jackal Group, and Jen Wong, the Chief Operating Officer of Reddit, Inc., as directors of the Board effective immediately, expanding the size of the Board from 8 directors to 10.
Each of Ms. Berman and Ms. Wong will receive the same compensation package provided to the Company’s other non-employee directors. Under the package, each of Ms. Berman and Ms. Wong will receive (i) an annual retainer of $50,000, (ii) an annual grant of restricted share units with an aggregate value of $125,000, which will vest on the grant date, and (iii) reimbursement for any expenses incurred in connection with participation in Board meetings. The Board has not yet assigned Ms. Berman or Ms. Wong to a committee. Neither Ms. Berman nor Ms. Wong has (i) any arrangements or understandings with any other persons pursuant to which she was selected as a director of the Board or (ii) any related party transactions with the Company that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
On March 6, 2023, the Company issued a press release announcing the appointment of Mses. Berman and Wong to the Board, a copy of which is attached hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release, dated March 6, 2023. | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IMAX Corporation | ||||||
| (Registrant) | ||||||
| Date: March 6, 2023 | By: | /s/ Robert D. Lister | ||||
| Name: | Robert D. Lister | |||||
| Title: | Chief Legal Officer and Senior Executive Vice President | |||||
| By: | /s/ Kenneth I. Weissman | |||||
| Name: | Kenneth I. Weissman | |||||
| Title: | Deputy General Counsel & Corporate Secretary | |||||
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