Current Report Filing (8-k)
June 10 2019 - 4:26PM
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
June
6, 2019
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
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(Commission
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(IRS
Employer
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incorporation
or organization)
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File
No.)
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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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Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
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Trading
Symbol(s)
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Name
of Each Exchange on Which Registered
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Common
Shares, $.01 par value
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BTN
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NYSE
American
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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
June 6, 2019, the Compensation Committee of the Board of Directors of Ballantyne Strong, Inc. (the “Company”), granted
stock options to purchase 30,000, 30,000 and 20,000 shares of the Company’s common stock, at the exercise price of $2.89
per share, to D. Kyle Cerminara, Chairman and Chief Executive Officer, Mark D. Roberson, Executive Vice President and Chief Financial
Officer, and Ray F. Boegner, President of Cinema, respectively. 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, Roberson and Boegner also received 75,000, 65,000 and 40,000 restricted stock units, respectively,
pursuant to the Equity Plan. These restricted stock 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:
June 10, 2019
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By:
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/s/
Mark D. Roberson
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Mark
D. Roberson
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Executive
Vice President and Chief Financial Officer
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