IMAX Management

Management criteria checks 3/4

IMAX's CEO is Rich Gelfond, appointed in Apr 2009, has a tenure of 15.58 years. total yearly compensation is $8.73M, comprised of 13.7% salary and 86.3% bonuses, including company stock and options. directly owns 1% of the company’s shares, worth €12.04M. The average tenure of the management team and the board of directors is 5.4 years and 9.4 years respectively.

Key information

Rich Gelfond

Chief executive officer

US$8.7m

Total compensation

CEO salary percentage	13.7%
CEO tenure	15.6yrs
CEO ownership	1.0%
Management average tenure	5.4yrs
Board average tenure	9.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rich Gelfond's remuneration changed compared to IMAX's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$23m
Jun 30 2024	n/a	n/a	US$21m
Mar 31 2024	n/a	n/a	US$26m
Dec 31 2023	US$9m	US$1m	US$25m
Sep 30 2023	n/a	n/a	US$25m
Jun 30 2023	n/a	n/a	US$4m
Mar 31 2023	n/a	n/a	-US$7m
Dec 31 2022	US$8m	US$1m	-US$23m
Sep 30 2022	n/a	n/a	-US$15m
Jun 30 2022	n/a	n/a	-US$15m
Mar 31 2022	n/a	n/a	-US$21m
Dec 31 2021	US$9m	US$1m	-US$22m
Sep 30 2021	n/a	n/a	-US$54m
Jun 30 2021	n/a	n/a	-US$93m
Mar 31 2021	n/a	n/a	-US$109m
Dec 31 2020	US$7m	US$1m	-US$144m
Sep 30 2020	n/a	n/a	-US$104m
Jun 30 2020	n/a	n/a	-US$48m
Mar 31 2020	n/a	n/a	-US$11m
Dec 31 2019	US$7m	US$1m	US$47m
Sep 30 2019	n/a	n/a	US$30m
Jun 30 2019	n/a	n/a	US$26m
Mar 31 2019	n/a	n/a	US$23m
Dec 31 2018	US$6m	US$1m	US$23m
Sep 30 2018	n/a	n/a	US$26m
Jun 30 2018	n/a	n/a	US$20m
Mar 31 2018	n/a	n/a	US$11m
Dec 31 2017	US$5m	US$1m	US$2m

Compensation vs Market: Rich's total compensation ($USD8.73M) is above average for companies of similar size in the German market ($USD1.66M).

Compensation vs Earnings: Rich's compensation has been consistent with company performance over the past year.

CEO

Rich Gelfond (68 yo)

15.6yrs

Tenure

US$8,728,635

Compensation

Mr. Richard Lewis Gelfond, also known as Rich, has been the Chief Executive Officer at IMAX Corporation since April 1, 2009. Mr. Gelfond serves as the Co-Chief Executive Officer and Co-Chairman of Clarion...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Gelfond	CEO & Director	15.6yrs	US$8.73m	1.0% € 12.0m
Natasha Fernandes	Executive VP & CFO	2.5yrs	US$1.49m	0.028% € 340.9k
Robert Lister	Chief Legal Officer & Senior EVP	12.8yrs	US$3.00m	0.26% € 3.2m
Mark Welton	President of IMAX Global Theatres	13.1yrs	US$2.72m	0.21% € 2.5m
Daniel Wade Manwaring	Chief Executive Officer of IMAX China	1.8yrs	US$1.93m	no data
Graeme Ferguson	Co-Founder	no data	no data	no data
Heather Anthony	Head of Enterprise Transformation	8.8yrs	no data	no data
Pablo Calamera	Executive VP & CTO	4.8yrs	no data	0.080% € 968.1k
Jennifer Horsley	Senior VP & Head of Investor Relations	2.2yrs	no data	no data
Mark Jafar	Global Head of Corporate Communications	5.4yrs	no data	no data
Giovanni Dolci	Chief Sales Officer	5.8yrs	no data	0.058% € 694.5k
Anne Globe	Chief Marketing Officer	less than a year	no data	no data

5.4yrs

Average Tenure

55yo

Average Age

Experienced Management: IMA's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Gelfond	CEO & Director	30.7yrs	US$8.73m	1.0% € 12.0m
Dana Settle	Independent Director	9.3yrs	US$187.49k	0.12% € 1.4m
Michael I. MacMillan	Independent Director	11.4yrs	US$189.99k	0.068% € 823.4k
Eric Demirian	Independent Director	14.2yrs	US$199.99k	0.11% € 1.3m
Kevin Douglas	Independent Director	8.1yrs	US$191.65k	15.1% € 182.3m
David Leebron	Lead Independent Director	21.2yrs	US$199.99k	0.24% € 2.9m
Darren Throop	Independent Chairman of the Board	9.4yrs	US$283.96k	0.063% € 759.6k
Gail Berman	Independent Director	1.7yrs	US$153.61k	0.028% € 335.2k
Jennifer Wong	Independent Director	1.7yrs	US$158.61k	0.028% € 335.2k
Stephen Pamon	Independent Director	3.4yrs	US$186.86k	0.052% € 631.5k

9.4yrs

Average Tenure

63yo

Average Age

Experienced Board: IMA's board of directors are considered experienced (9.4 years average tenure).

IMAX Management

Management criteria checks 3/4

Key information

Recent management updates

IMAX Corporation Names Jonathan Fischer as Chief Content Officer

Chief Legal Officer & Senior EVP recently sold €387k worth of stock

IMAX Corporation, Annual General Meeting, Jun 06, 2024

IMAX Corporation Appoints Anne Globe as Chief Marketing Officer

CEO & Director recently sold €1.9m worth of stock

President of IMAX Theatres recently sold €347k worth of stock

Recent updates

Investor sentiment improves as stock rises 18%

Third quarter 2024 earnings released: EPS: US$0.26 (vs US$0.22 in 3Q 2023)

IMAX Corporation to Report Q3, 2024 Results on Oct 30, 2024

IMAX Corporation Names Jonathan Fischer as Chief Content Officer

Investor sentiment improves as stock rises 17%

Second quarter 2024 earnings released: EPS: US$0.068 (vs US$0.15 in 2Q 2023)

IMAX Corporation to Report Q2, 2024 Results on Jul 25, 2024

First quarter 2024 earnings released: EPS: US$0.062 (vs US$0.045 in 1Q 2023)

IMAX Corporation to Report Q1, 2024 Results on Apr 25, 2024

Chief Legal Officer & Senior EVP recently sold €387k worth of stock

IMAX Corporation, Annual General Meeting, Jun 06, 2024

IMAX Corporation Provides Revenue Guidance for the Fiscal Year 2025

New minor risk - Financial position

Full year 2023 earnings released: EPS: US$0.47 (vs US$0.40 loss in FY 2022)

IMAX Corporation to Report Q4, 2023 Results on Feb 27, 2024

IMAX Corporation Appoints Anne Globe as Chief Marketing Officer

Third quarter 2023 earnings released: EPS: US$0.22 (vs US$0.16 loss in 3Q 2022)

IMAX Corporation to Report Q3, 2023 Results on Oct 25, 2023

Second quarter 2023 earnings released: EPS: US$0.15 (vs US$0.05 loss in 2Q 2022)

CEO & Director recently sold €1.9m worth of stock

First quarter 2023 earnings released: EPS: US$0.045 (vs US$0.23 loss in 1Q 2022)

President of IMAX Theatres recently sold €347k worth of stock

Full year 2022 earnings released: US$0.40 loss per share (vs US$0.38 loss in FY 2021)

IMAX Corporation to Report Q4, 2022 Results on Feb 22, 2023

IMAX Corporation Names Daniel Manwaring as Chief Executive Officer

IMAX Corporation Announces Executive Changes

Insider recently sold €99k worth of stock

Insufficient new directors

Third quarter 2022 earnings released: US$0.16 loss per share (vs US$0.14 loss in 3Q 2021)

IMAX Corporation (NYSE:IMAX) acquired SSIMWave Inc. for approximately CAD 26 million.

IMAX Names Michele Golden as Global Chief People Officer

Imax Corporation Appoints Jennifer Horsley as Senior Vice President of Investor Relations

Second quarter 2022 earnings released: US$0.05 loss per share (vs US$0.15 loss in 2Q 2021)

First quarter 2022 earnings released: US$0.23 loss per share (vs US$0.25 loss in 1Q 2021)

Insufficient new directors

IMAX Corporation Announces CFO Changes

IMAX Corporation to Report Q1, 2022 Results on Apr 28, 2022

Insider recently sold €99k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

IMAX Corporation to Report Q4, 2021 Results on Feb 23, 2022

President of IMAX Theatres recently sold €143k worth of stock

Insufficient new directors

Chief Legal Officer & Senior EVP recently sold €440k worth of stock

Third quarter 2021 earnings released: US$0.14 loss per share (vs US$0.80 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.15 loss per share (vs US$0.44 loss in 2Q 2020)

IMAX Corporation(NYSE:IMAX) dropped from Russell 2000 Value-Defensive Index

IMAX Corporation(NYSE:IMAX) dropped from Russell 2000 Defensive Index

Independent Director Neil Braun has left the company

Insider recently sold €209k worth of stock

Insider recently sold €45k worth of stock

Executive VP & CFO has left the company

First quarter 2021 earnings released: US$0.25 loss per share (vs US$0.82 loss in 1Q 2020)

IMAX Corporation, Annual General Meeting, Jun 09, 2021

IMAX Corporation and Maximus Announces Joint Venture

President of IMAX Theatres recently sold €95k worth of stock

IMAX, IMAX China and Broadway Sign New Four-Theatre Deal Across Several Iconic Locations in Shanghai

Full year 2020 earnings released: US$2.43 loss per share (vs US$0.76 profit in FY 2019)

Revenue beats expectations

New 90-day high: €17.00

IMAX Corporation to Report Q4, 2020 Results on Mar 04, 2021

New 90-day high: €16.30

New 90-day high: €15.50

New 90-day high: €13.90

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

TOHO CO., LTD. and IMAX Corporation Announce Historic Five-Picture Slate Agreement in Japan

IMAX Corporation to Report Q3, 2020 Results on Oct 29, 2020

New 90-day low: €9.15

IMAX Launches New Filmed In IMAX Program With World's Leading Digital Camera Brands