---
schema_version: "secwatch.filing_event.v1"
accession: "0000921582-25-000054"
form_type: "8-K"
ticker: "IMAX"
cik: "0000921582"
company_name: "IMAX CORP"
filed_at: "2025-07-17T23:59:59+00:00"
generated_at: "2026-05-18T06:07:33.391746+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IMAX extends CEO Gelfond's contract to Dec 2028 with increased equity awards

## Summary
- Term extended to December 31, 2028; base salary remains $1.2 million annually.
- Target annual bonus of 100% of base salary, capped at 200%; unchanged from prior.
- Annual RSU grant of $3.5M vesting over 3 years, plus PSU grant of $3.5M tied to EBITDA and TSR.
- PSU payout ranges 0%-200%; 60% based on EBITDA, 40% on relative total shareholder return.
- Severance terms updated: equity continues vesting on termination without cause or for good reason through 2028.

## SEC filing metadata
- accession: 0000921582-25-000054
- form_type: 8-K
- ticker: IMAX
- cik: 0000921582
- company_name: IMAX CORP
- filed_at: 2025-07-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921582/000092158225000054/0000921582-25-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921582/000092158225000054/imax-20250717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000921582-25-000054
- JSON: https://secwatch.observer/filing/0000921582-25-000054.json
- Plain text: https://secwatch.observer/filing/0000921582-25-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.