Imax Entertainment CEO Richard Gelfond has extended his contract through 2025.
Gelfond, who has served as CEO since 2009 and has been with the company since 1994, will keep his current compensation, equity and severance terms, according to Monday’s filing with the Securities and Exchange Commission. Since 2019, Gelfond has received a base salary of $1.2 million and in 2021 earned a, including stock awards. During the pandemic, when cinemas were shuttered for an extended period of time, he didn’t take a bonus.
In recent years, Imax has been making a bigger push to integrate itself in the moviemaking process. At least 10 movies in 2022 — Jordan Peele’s “Nope,” “Jurassic World: Dominion” and “Doctor Strange in the Multiverse of Madness” among them — were filmed with Imax cameras.
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