Imation Corp., which came under control of an activist hedge fund in May, announced in a regulatory filing that Chief Executive Mark Lucas is leaving the company. The filing announced Lucas informed Imation that his removal from the board of directors in May constitutes 'Good Reason' for the termination of his employment under terms of his agreement with the company. It says he intends to stay on at least until Sept.

21, 2015 and possibly longer. The filing says Lucas and the previous board had started a search for a new CEO in January and that is continuing. The company announced that Lucas intends to remain with the company until a new permanent CEO is hired.