- Current report filing (8-K)
September 29 2009 - 5:10PM
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
September 23, 2009
Date of Report (Date of earliest event reported)
BALLANTYNE
STRONG, INC.
(Exact name of registrant as specified in its charter)
Delaware
|
|
1-13906
|
|
47-0587703
|
(State or other jurisdiction of
|
|
(Commission
|
|
(IRS Employer
|
incorporation or organization)
|
|
File No.)
|
|
Identification Number)
|
4350 McKinley Street
|
|
|
Omaha, Nebraska
|
|
68112
|
(Address of principal executive offices)
|
|
(Zip Code)
|
(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))
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
In connection with
the Board of Directors desire to establish a succession plan for the position
of President and Chief Executive Officer, on September 23, 2009,
Ballantyne Strong, Inc. (the Company) entered into two agreements with
current President and CEO John P. Wilmers.
The first agreement constitutes an amendment to the Executive Employment
Agreement between the Company and Mr. Wilmers. This amendment, effective
January 23, 2010, provides for the continuation of Mr. Wilmers employment
as President and CEO through the earlier of the first day his successor
commences employment or December 31, 2011. Mr. Wilmers base
compensation and other benefits will remain materially consistent with the
terms previously disclosed in the Companys Proxy Statement.
The second
agreement with Mr. Wilmers is a new Employment Agreement and was entered
into in anticipation of the Company employing Mr. Wilmers successor prior
to December 31, 2011. The term of the new Employment Agreement commences
upon the Company hiring Mr. Wilmers successor and ends on December 31,
2011, unless terminated earlier in accordance with its terms. Mr. Wilmers
title and duties will be as assigned by the Board of Directors. His salary and
other benefits will remain materially consistent with the terms previously disclosed
in the Companys Proxy Statement except that, in the event of termination
without cause, Mr. Wilmers will receive his salary for the balance of the
contract term as severance in lieu of any amount payable pursuant to the
Companys general severance policy.
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.
|
BALLANTYNE
STRONG, INC.
|
|
|
|
|
|
Date:
September 29, 2009
|
By:
|
/s/
Kevin Herrmann
|
|
|
Kevin
Herrmann
|
|
|
Secretary/Treasurer
and
|
|
|
Chief
Financial Officer
|
2
Ballantyne Strong (AMEX:BTN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ballantyne Strong (AMEX:BTN)
Historical Stock Chart
From Jul 2023 to Jul 2024