SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): February 22, 2002
IMAX CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
CANADA
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(State or Other Jurisdiction of Incorporation)
0-24216 98-0140269
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(Commission File Number) (I.R.S. Employer Identification No.)
2525 SPEAKMAN DRIVE, SHERIDAN PARK, MISSISSAUGA, ONTARIO L5K 1B1
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(Address of Principal Executive Offices) (Zip Code)
(905) 403-6500
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
Imax Corporation (the "Company") has reached an agreement with Regal Cinemas,
Inc., or Regal, subject to the approval of the court supervising the bankruptcy
of Regal, pursuant to which Regal will make a lump sum payment to the Company of
US$6.45 million in satisfaction of all amounts owing by Regal to the Company in
respect of a master theatre lease agreement entered into between Regal and the
Company for the lease by Regal of the Company's IMAX(R) theatre systems, dated
June 23, 1997. As a result of the agreement and payment, Regal's six (6)
existing IMAX(R) theatres will remain operating and Regal shall have no
obligation to lease additional theatre systems from the Company. Regal filed for
protection from its creditors pursuant to United States bankruptcy laws in
November 2001.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
IMAX CORPORATION
(Registrant)
Date: February 26, 2002 By: /s/ RICHARD L. GELFOND
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Name: Richard L. Gelfond
Title: Co-Chairman and
Co-Chief Executive Officer
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