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Posted 06 March, 2023

IMAX CORP appointed new CEO

CEO Change detected for ticker NYSE:IMAX in a 8-K filed on 06 March, 2023.


  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.  

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Overview of IMAX CORP
Leisure/Arts/Hospitality • Recreational Services
IMAX Corp. is an entertainment technology company, which engages in the business of motion picture technologies and presentations. It operates through the Content Solutions and Technology Products and Services segments. The Content Solutions segment includes content enhancement and distribution services. The Technology Products and Services segment focuses on the sale, lease, and maintenance of IMAX Systems. The company was founded by Graeme Ferguson, Roman Kroitor, Robert P. Kerr and William Shaw in 1967 and is headquartered in Mississauga, Canada.
Market Cap
$1.32B
View Company Details
IMAX CORP by TradingView
Relevant filing section
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.