Ballantyne Strong Announces Stock Option Grants
November 27 2015 - 8:00AM
Business Wire
Ballantyne Strong, Inc. (NYSE MKT: BTN), a holding company
with diverse business activities focused on serving the cinema,
retail, financial and government markets, today announced the grant
of 130,000 options to purchase common shares of the Company at
$4.33 per share to Steve Schilling as outlined in his employment
agreement. On November 22, 2015, 100,000 options were granted under
the 2010 Long-Term Incentive Plan and will vest over a five year
period. Additionally, on that same day, 30,000 options were granted
and vested immediately. The option grant with respect to 30,000
shares was made outside of the Company’s existing shareholder
approved equity plans and was approved by the compensation
committee of the board of directors as an inducement grant material
to Mr. Schilling entering into employment with the Company in
reliance on Section 711(a) of the NYSE MKT Company Guide, which
requires this public announcement.
About Ballantyne Strong, Inc.
(www.strong-world.com)Ballantyne Strong and its
subsidiaries engage in diverse business activities including the
design, integration and installation of technology solutions for a
broad range of applications; development and delivery of
out-of-home messaging, advertising and communications;
manufacturing of projection screens; and providing managed services
including monitoring of networked equipment. The Company focuses on
serving the cinema, retail, financial, and government markets.
Forward-Looking StatementsExcept for the historical
information in this press release, it includes forward-looking
statements that involve risks and uncertainties, including but not
limited to, quarterly fluctuations in results; customer demand for
the Company’s products; the development of new technology for
alternate means of motion picture presentation; domestic and
international economic conditions; the management of growth; and
other risks detailed from time to time in the Company’s Securities
and Exchange Commission filings. Actual results may differ
materially from management’s expectations.
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version on businesswire.com: http://www.businesswire.com/news/home/20151127005008/en/
Ballantyne Strong, Inc.Nate Legband,
402-829-9404Chief Financial OfficerorElise Stejskal,
402-829-9423Investor Relations
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