secwatch.observer — SEC 8-K summary
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Issuer:     IMAX CORP (IMAX)
CIK:        0000921582
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001193125-22-240047
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAX increases share-repurchase program by $200M to $400M total authority
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- Board authorized $200M increase, raising total buyback authority to $400M through June 30, 2023.
- Since July 2017, IMAX repurchased ~10M shares (15% net reduction in shares outstanding) for ~$175M.
- Remaining authorization is ~$225M, including $25M from the prior program.
- Repurchases may be in open market or private transactions via 10b5-1 plans, with no obligation to repurchase.
- Ontario Securities Commission exemption allows repurchases up to 15% of outstanding shares in any 12-month period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921582/000119312522240047/0001193125-22-240047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921582/000119312522240047/d373430d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-240047

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