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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): June 19, 2003
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)
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ITEM 5. OTHER EVENTS.
IMAX Corporation (the "Corporation") announced that it has retired approximately
$22 million in face value of its $200 million of senior notes due December 2005
in exchange for approximately 2.9 million newly-issued common shares of the
Corporation. After giving effect to these transactions, approximately $178
million of the notes remain outstanding. When combined with the Corporation's
prior debt retirements in 2001 and 2002, the Corporation has reduced its total
debt by more than 40% in less than two years. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
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: June 19, 2003 By: /s/ Bradley J. Wechsler
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Name: Bradley J. Wechsler
Title: Co-Chairman and
Co-Chief Executive Officer
EXHIBIT INDEX
Exhibit Description
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99.1 Press Release dated June 19, 2003