Current Report Filing (8-k)
January 31 2018 - 4:20PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
January
26, 2018
Date
of Report (Date of earliest event reported)
BALLANTYNE
STRONG, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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1-13906
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47-0587703
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File
No.)
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(IRS
Employer
Identification
Number)
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11422
Miracle Hills Drive, Suite 300
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Omaha,
Nebraska
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68154
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(Address
of principal executive offices)
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(Zip
Code)
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(402)
453-4444
(Registrant’s
telephone number including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
[ ]
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
On
January 26, 2018, the Compensation Committee of the Board of Directors of Ballantyne Strong, Inc. (the “Company”),
granted stock options to purchase 50,000 shares of the Company’s common stock, at the exercise price of $4.70 per share,
to each of D. Kyle Cerminara, Chairman and Chief Executive Officer, Lance V. Schulz, Senior Vice President and Chief Financial
Officer, and Ray F. Boegner, President of Cinema. These options were granted under the Ballantyne Strong, Inc. 2017 Omnibus Equity
Compensation Plan (the “Equity Plan”). They have a ten-year term and will become exercisable in one-fifth annual installments,
beginning on the first anniversary of the grant date, subject to continued employment.
On
the same day, Messrs. Cerminara, Schulz and Boegner also each received 40,000 restricted stock units pursuant to the Equity Plan.
These units will vest in one-third annual installments, beginning on the first anniversary of the grant date, subject to continued
employment.
All
descriptions of equity awards in this Current Report on Form 8-K are summaries only, do not purport to be complete, and are qualified
in their entirety to the full text of respective award agreements, forms of which have been previously filed with the Securities
and Exchange Commission.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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BALLANTYNE
STRONG, INC.
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Date:
January 31, 2018
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By:
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/s/
Lance V. Schulz
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Lance
V. Schulz
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Senior
Vice President, Chief Financial Officer
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