- Current report filing (8-K)
September 10 2009 - 4:53PM
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
September 4, 2009
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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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
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Form 8-K
Item 1.02
Termination
of a Material Definitive Agreement
On September 4,
2009, Ballantyne Strong, Inc. (Ballantyne) and Christopher Beach mutually
terminated the Consulting Agreement entered into on April 1, 2009. The
Consulting Arrangement was originally for a one-year period however, both
parties concluded that the objectives of the Consulting Agreement had been
achieved and the services of Mr. Beach were no longer required. The Termination
Agreement dated September 4, 2009 provided for a pro rata vesting of the
restricted stock granted to Mr. Beach under the Consulting Agreement. Compensation
received since the commencement of the Consulting Agreement of cash and
restricted stock amounted to $18,144 and $18,279, respectively.
Mr. Beach
remains a member of Ballantynes Board of Directors and the Chairman of the
Compensation Committee.
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
STRONG, INC.
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Date:
September 10, 2009
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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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