C:
|
|
|
C:
C:
|
OMB APPROVAL |
|
|
OMB Number: 3235-0058 |
|
|
|
|
|
Estimated average burden
hours per response ... 2.50 |
|
|
C:
|
|
|
|
SEC FILE NUMBER |
|
|
|
|
|
|
|
|
CUSIP NUMBER |
|
|
|
|
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
|
|
|
|
|
|
(Check One): |
|
þ Form 10-K
o Form 20-F
o Form 11-K
o Form 10-Q
o Form N-SAR
o Form N-CSR
|
|
|
|
|
|
|
|
|
For Period Ended: |
|
December 31, 2006 |
|
|
|
|
|
|
|
|
|
|
|
|
o Transition Report on Form 10-K |
|
|
|
|
|
|
|
|
|
o Transition Report on Form 20-F |
|
|
|
|
|
|
|
|
|
o Transition Report on Form 11-K |
|
|
|
|
|
|
|
|
|
o Transition Report on Form 10-Q |
|
|
|
|
|
|
|
|
|
o Transition Report on Form N-SAR |
|
|
|
|
|
|
|
|
|
For the Transition Period Ended:
|
|
|
|
|
|
|
|
|
Read attached instruction sheet before preparing form. Please print or type.
Nothing in this form shall be construed to imply that the Commission has verified any
information contained herein.
If the
notification relates to a portion of the filing checked above,
identify the items(s) to which the notification
relates:
PART I — REGISTRANT INFORMATION
Full Name of Registrant
Former Name if Applicable
Address of Principal Executive Office (Street and Number)
MISSISSAUGA, ONTARIO L5K 1B1
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the
registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box
if appropriate.)
|
|
|
|
|
|
þ |
|
|
1.
|
|
The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense; |
|
|
|
|
|
|
2.
|
|
The subject annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K, Form N-SAR or Form N-CSR, or
portion thereof, will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof, will
be filed on or before the fifth calendar day following the
prescribed due date; and |
|
|
|
|
|
|
|
3.
|
|
The accountant’s statement or other exhibit required by Rule
12b-25(c) has been attached if applicable. |
PART III — NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR or the
transition report portion thereof, could not be filed within the prescribed time period. (Attach
extra sheets if needed.)
On
March 16, 2007, IMAX Corporation (the
“Company”) announced that its management and the Audit
Committee of the Board of Directors are evaluating certain identified accounting errors with a
currently expected impact of approximately $2.5 million in the aggregate during the past six years.
The Company expects to file restated financial statements for certain periods during those years.
The Company and its auditors, PricewaterhouseCoopers LLP, remain in the process of analyzing the
errors. The estimated $2.5 million in errors that occurred during 2001-2006 relate to the
accounting treatment of certain costs previously capitalized that should have been expensed as
incurred and unrecorded branch-level interest taxes, as well as certain adjustments for errors
determined to have been immaterial and previously identified in the related periods.
The Company
is also evaluating the effect of these matters on its internal control over financial reporting and
expects to report material weaknesses with respect to certain of these matters. In light of these
matters,
the Company requires additional time to prepare its financial statements.
The Company intends to file its Annual Report on Form 10-K for the fiscal year ended
December 31,
2006 on or before
March 30, 2007. This intention is based on management assumptions and existing
information and involves certain risks and uncertainties and
the Company makes no assurances that
it will ultimately do so.