Big display screen exhibitor Imax has prolonged the employment settlement of chief govt Richard Gelfond by way of 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. Otherwise his compensation and severance phrases stay the identical, in response to an SEC submitting Monday.

The information comes amid a flurry of latest govt appointments on the firm. Imax not too long ago promoted longtime finance exec Natasha Fernandes as  CFO and tapped Jennifer Horsley as SVP of investor relations.  It additionally employed former Warner Media human assets govt Michele Golden as its Global Chief People Officer, overseeing HR, recruiting, expertise administration and DEI.

Former funding banker Gelfold and associate Bradley Wechsler acquired Imax in 1994 and have grown it into a world model. Its field workplace gross sales have been over-indexing the business publish Covid as blockbusters, the corporate’s bread and butter, fueled a field workplace revival earlier this 12 months. It not too long ago posted sturdy quantity from the re-release of Jaws and this previous weekend from the brand new David Bowie documentary  Moonage Daydream.

It sells cameras and gear and has been shifting into dwell occasions. Gelfond has been a robust public advocate of theatrical at the same time as he strives to persuade Wall Street to not lump the corporate in with the broader exhibition business.

In a deal introduced in Cannes, IMAX Corporation and Dolphin Entertainment signed a multi-year settlement to co-finance improvement and manufacturing of a slate of feature-length documentaries for world launch. The first movie below the partnership will probably be The Blue Angels, the recently-announced documentary from Bad Robot Productions and Zipper Bros Films being shot with Imax cameras, one other increasing enterprise.

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