Large display exhibitor Imax has prolonged the employment settlement of leader government Richard Gelfond via Dec. 31, 2025.
The modification to Gelfond’s preliminary settlement, efficient as of January 1, 2023, additionally commits to annual fairness award grants in 2023, 2024 and 2025. In a different way his reimbursement and severance phrases stay the similar, in line with an SEC submitting Monday.
The inside track comes amid a flurry of recent government appointments on the corporate. Imax lately promoted longtime finance exec Natasha Fernandes as CFO and tapped Jennifer Horsley as SVP of investor members of the family. It additionally employed former Warner Media human assets government Michele Golden as its World Leader Other people Officer, overseeing HR, recruiting, ability control and DEI.
Former funding banker Gelfold and spouse Bradley Wechsler got Imax in 1994 and feature grown it into an international emblem. Its field place of business gross sales had been over-indexing the trade publish Covid as blockbusters, the corporate’s bread and butter, fueled a field place of business revival previous this yr. It lately posted robust quantity from the re-release of Jaws and this previous weekend from the brand new David Bowie documentary Moonage Daydream. It sells cameras and kit and has been shifting into are living occasions. Gelfond has been a powerful public recommend of theatrical whilst he strives to persuade Wall Boulevard to not lump the corporate in with the wider exhibition trade.
In a deal introduced in Cannes, IMAX Company and Dolphin Leisure signed a multi-year settlement to co-finance construction and manufacturing of a slate of feature-length documentaries for world launch. The primary movie beneath the partnership will likely be The Blue Angels, the recently-announced documentary from Unhealthy Robotic Productions and Zipper Bros Movies being shot with Imax cameras, some other increasing trade.