Ballantyne OF Omaha Inc - Current report filing (8-K)
August 01 2008 - 5:27PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORTPURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
July 28, 2008
Date
of Report (Date of earliest event reported)
BALLANTYNE
OF OMAHA, 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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4350 McKinley Street
Omaha, Nebraska
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68112
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(Address of principal executive offices)
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(Zip Code)
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(402) 453-4444
(Registrants
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) :
o
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Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
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o
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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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o
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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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Form 8-K
Item 2.02
Results
of Operations and Financial Condition
Ballantyne
of Omaha, Inc. (the Company) issued a press release on July 31,
2008 with earnings information on the Companys quarter ended June 30,
2008. The press release is furnished with this Form 8-K as Exhibit 99.1.
Items 2.03
Creation
of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.
On
July 28, 2008, Ballantynes joint venture entity with Real D, Digital Link II,
LLC (DL II), entered into a loan agreement pertaining to the financing of
digital projection equipment deployed by DL II in the normal course of
business. Pursuant to the terms of the
loan agreement, DL II borrowed approximately $1.3 million to be repaid over a 36
month term and bears interest equal to 7% per annum. Equal payments of principal and interest are
due from DL II to the lender on a monthly basis. Ballantyne, as a 44.4% owner of DL II,
guaranteed 44.4% of the loan amount or approximately $0.6 million plus
interest. The loan is secured by a
security interest on the equipment granted to the lender under a security
agreement between the lender and DL II.
Item 9.01
Financial
Statements and Exhibits
(d) Exhibits.
99.1 Press Release with earnings information, dated July 31,
2008, issued by the Company.
The information contained in this Current Report under Item
2.02, including the exhibit referenced in Item 9.01, is being furnished pursuant
to Item 2.02 Results of Operations and Financial Condition of Form 8-K
and, as such, shall not be deemed to be filed for the purposes of Section 18
of the Securities and Exchange Act of 1934, as amended, or otherwise subject to
the liabilities of that Section. The information in Item 2.02, including
Exhibit 99.1, of this Current Report shall not be incorporated by reference
into any registration statement or other document pursuant to the Securities
Act of 1933, as amended, except as shall be expressly set forth by specific
reference in such filing.
SIGNATURE
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
OF OMAHA, INC.
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Date:
August 1, 2008
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By:
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/s/
Kevin Herrmann
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Kevin
Herrmann
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Secretary/Treasurer
and
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Chief
Financial Officer
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2
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