Big screen exhibitor Imax has extended the employment agreement of chief executive Richard Gelfond through Dec. 31, 2025.The amendment to Gelfond’s initial agreement, effective as of January 1, 2023, also commits to annual equity award grants in 2023, 2024 and 2025.
Otherwise his compensation and severance terms remain the same, according to an SEC filing Monday.The news comes amid a flurry of new executive appointments at the company.
Imax recently promoted longtime finance exec Natasha Fernandes as CFO and tapped Jennifer Horsley as SVP of investor relations.
It also hired former Warner Media human resources executive Michele Golden as its Global Chief People Officer, overseeing HR, recruiting, talent management and DEI.Former investment banker Gelfold and partner Bradley Wechsler acquired Imax in 1994 and have grown it into a global brand.
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