Imax Exec Andrew Cripps Gets Incentive Bonus to Grow International Network
The giant screen exhibitor also re-upped the employment contract for Robert D. Lister for another four years to 2017.
TORONTO - Imax is giving Andrew Cripps more incentive to continue growing its theater network internationally.
The former Paramount Pictures International exec joined the giant screen exhibitor in 2012 as president, Europe, Middle East and Africa, charged with expanding its screen count in those regions.
Releasing an 8K SEC filing on Friday, Imax said terms for Cripps' renewed employment contract includes a target annual bonus of 70 percent of his base salary of £500,000 ($831,000).
Cripps has been key in taking Imax beyond North America, which includes recent deals in the U.K., Germany and a three-screen deal with Gulf Film to launch theaters in Dubai, Qatar and Bahrain.
Toronto-based Imax is also driving towards emerging markets like Russia and China.
Cripps will also receive annual equity grants -- $65,000 in 2014, and $75,000 in 2015.
Imax also re-upped the employment contract for Robert D. Lister, chief legal officer and chief business development officer, for another four years to December 31, 2017.
His previous contract ended on January 10, 2014.
The new arrangement sees Lister’s annual salary progressively increase from $625,000 for 2014 to $700,000 for 2017.
Lister’s target bonus will be 60 percent of his base salary.
- Prince Takes Over the 'Arsenio Hall Show,' Debuts New Funky Song
- A Train, a Trestle and 60 Seconds to Escape: How 'Midnight Rider' Victim Sarah Jones Lost Her Life
- 'Divergent' Star Shailene Woodley: The Next Jennifer Lawrence?
- 'Noah' Banned in Several Middle Eastern Countries
- Lindsay Lohan's OWN Series Gets First Official Trailer (Video)
- MOST SHARED
- MOST POPULAR
- William Guarnere Dead: 'Band Of Brothers' Vet Dies At 90
- "Spike In My Veins": Talking with Korn's Jonathan Davis, A Chat with Skaters' Michael Ian Cummings and a Break of Reality Exclusive
- The MovieFilm Podcast: Remembering Ghostbusters, Plus Aaron Paul on Need For Speed
- 'Looking' Season 1 Is Refreshing Despite Some Characterization Flaws