Dana Settle
IMAXAbout Dana Settle
Dana Settle (age 52) has served as an independent director of IMAX since July 2015. She is Co‑Founder and Managing Partner at Greycroft and holds a BA in Finance and International Studies from the University of Washington and an MBA from Harvard Business School. She is based in Los Angeles, CA. Committee memberships: Compensation Committee and Governance Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Greycroft | Co‑Founder and Managing Partner; member of management and investment committees | 2006–present | Firm operations, investment strategy, vision |
| Mayfield | Venture capitalist | ~6 years (pre‑2006) | Advisor to startups |
| Lehman Brothers | Investment banking | Prior to VC roles | Finance and capital markets experience |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| National Venture Capital Association | Board of Directors | Current | Industry governance and policy engagement |
| Baby2Baby | Founding member | Current | Non‑profit involvement |
| All Raise | Founding member | Current | Female mentorship collective |
Board Governance
| Attribute | Detail |
|---|---|
| Independence | Determined independent by Board under NYSE and Canadian standards |
| Committees | Compensation Committee (member); Governance Committee (member) |
| Attendance | 8 of 8 Board meetings attended in FY2024 (100%); each incumbent director attended all committee meetings served |
| Executive sessions | Seven independent director executive sessions held in 2024 |
| Director ownership guideline | 400% of annual retainer; Dana Settle current ownership equals 1,796% of annual retainer (in compliance) as of April 1, 2025 |
Fixed Compensation
| Component (2024) | Amount ($) |
|---|---|
| Annual Board retainer (independent director) | 50,000 |
| Compensation Committee member retainer | 7,500 |
| Governance Committee member retainer | 5,000 |
| Committee chair fees (if any) | 0 (not a chair) |
| Meeting fees | None disclosed |
| Cash fees earned (Dana Settle) | 62,500 (matches sum of retainers) |
Performance Compensation
| Equity Award (2024) | Grant Date | Units | Grant‑Date Fair Value ($) | Vesting |
|---|---|---|---|---|
| Annual RSU grant (director) | 2024‑06‑07 | 7,856 | 124,989 | Vested on grant date |
No performance‑based metrics apply to director equity awards; director RSUs vest immediately upon grant in 2024 .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None disclosed for Dana Settle |
| Potential interlocks or related‑party ties | None disclosed for Dana Settle; related‑party note discusses Kevin Douglas and Michael MacMillan situations only |
Expertise & Qualifications
- Venture capital leadership, investment strategy, and board experience across technology and media startups .
- Business development and investment banking background; relevant to oversight of financial matters .
Equity Ownership
| Holder | Beneficial Ownership (Shares) | % of Outstanding | Notes |
|---|---|---|---|
| Dana Settle | 61,142 | <1% (per table) | As of April 14, 2025 |
Compensation Committee Analysis
- Composition: Kevin Douglas (Chair), Steve R. Pamon, Gail Berman, Dana Settle — all independent .
- Scope: Oversees equity/incentive plans; sets CEO metrics; approves NEO compensation; administers RSU/PSU grants .
- Consultants: Committee had authority to retain independent advisors; did not retain compensation consultants in 2024 .
Risk Indicators & RED FLAGS
- Section 16 compliance: Proxy notes certain late filings for other executives; no delinquent filings noted for Dana Settle .
- Related‑party transactions: None disclosed for Dana Settle; Board recusal procedures in place if material interests arise .
- Hedging/pledging: Company’s Insider Trading Policy prohibits hedging and pledging; strengthens alignment and reduces risk .
Governance Assessment
- Board effectiveness: Full attendance and active committee participation signal engagement; independent status supports objective oversight .
- Alignment: Strong ownership relative to guideline (1,796% of retainer) and annual equity grants indicate meaningful skin‑in‑the‑game .
- Conflicts: No related‑party exposures disclosed for Settle; low conflict risk based on current proxy disclosures .
- Compensation structure: Director pay balanced with cash retainers and immediate‑vesting RSUs; transparent schedule and amounts; no meeting fees or discretionary awards disclosed .
Overall signal: High independence, perfect attendance, and substantial personal share ownership support investor confidence in Dana Settle’s governance contribution to IMAX .