Imax has renewed CEO Richard Gelfonds contract through 2028.

In a regulatory filing on Thursday, Imax said the latest amendment to his existing employment agreement extends his contract to Dec. 31, 2028. Effective Jan. 1, 2026, Gelfond will continue to receive an annual base salary of $1.2 million and be eligible to receive a target annual bonus of 100 percent of his base salary, with a cap at 200 percent of his base salary.

Gelfond has been CEO of Imax since 2009, after serving as co-CEO from 1993. He will remain at the Imax helm as the company continues to navigate a post-pandemic box office rebound for the Hollywood studios, his main movie suppliers. That includes Imax looking to leverage increasing demand for new and upgraded theater systems worldwide with a mix of Hollywood and local language movie titles. The big screen technologies company, which has long distinguished itself from major exhibitors with physical and costly cinema assets to operate, has seen a recent rebound in box office in China a major market for Imax after sluggish revenues in 2024.

Gelfond will keep his current compensation and severance terms in his extended contract. As part of the new equity terms, Gelfond will be be granted restricted share units with a grant date value of $3.5 million that vest in three equal installments, and performance stock units with a grant date value of $3.5 million that vest based on performance criteria over a three-year performance period.

All other material terms and conditions of the existing employment agreement will remain the same, Imax said in the SEC filing.