By Jill Goldsmith Imax CEO Richard Gelfond’s compensation package totaled $7.1 million last year, up 13% from the year before.
The company said in its proxy statement the package consisted of $1.2 million in salary; a $1.1 million bonus; $2.3 million in option awards and $1.5 million in other compensation.
Imax noted higher annual revenue, strong net income growth and an all-time global box office record n 2019 of $1.1 billion, including $366 million in Greater China..
This year didn’t go as well, as Imax will discuss when it reports quarterly earnings tomorrow morning. In a letter to shareholders in the proxy, Gelfond notes that Imax has been facing COVID-19 longer than many other companies.
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