Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On April 30, 2022, Joseph Sparacio will conclude his role as Interim Chief Financial Officer and Principal Financial Officer of IMAX Corporation (the “Company”). The Board of Directors of the Company appointed Natasha Fernandes as the Company’s Chief Financial Officer, effective May 1, 2022.
Since December 2021, Ms. Fernandes, age 41, has served as the Company’s Deputy Chief Financial Officer and Senior Vice President. In this role, Ms. Fernandes has overseen the accounting, treasury, forecasting, budgeting, and long-range planning of the Company’s worldwide operations. Prior to her current role, Ms. Fernandes served as the Company’s Vice President, Finance & Corporate Treasurer from May 2018 to December 2021. Ms. Fernandes has held various other positions within the Company, including Vice President, Finance & Assistant Controller; Senior Director, Finance; and Director, Financial Reporting. She joined the Company in September 2007 as Manager, Financial Reporting. Ms. Fernandes is a member of Chartered Professional Accountants Canada and holds a Bachelor of Business Administration, Honours with Co-Operative Option from the School of Business and Economics of Wilfrid Laurier University.
The Company expects to enter into an employment agreement with Ms. Fernandes in connection with her appointment as Chief Financial Officer. The material terms of the employment agreement will be disclosed upon its finalization.
There are no arrangements or understandings between Ms. Fernandes and any other persons pursuant to which she was selected as Chief Financial Officer. There are no family relationships between Ms. Fernandes and any director or executive officer of the Company, and there are no related party transactions between the Company and Ms. Fernandes that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
On April 19, 2022, the Company issued a press release announcing the appointment of Ms. Fernandes as the Company’s Chief Financial Officer, a copy of which is attached hereto as Exhibit 99.1.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits