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Stock Market & Financial Investment News

News Breaks
November 9, 2012
10:02 EDTBTNBallantyne Strong secures new digital cinema deployment agreement
Ballantyne Strong announced that it has won a contract to supply Caribbean Cinemas with 238 state-of-the art Barco digital projection systems, featuring cinema servers manufactured by GDC Technology Limited. Following the completion of the deployment, Ballantyne will also add the entire Caribbean Cinemas circuit, including its 437 screens in 53 theatres, onto its Network Operations Center proactive equipment monitoring service.
News For BTN From The Last 14 Days
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April 22, 2015
08:09 EDTBTNBallantyne Strong settles proxy contest with Fundamental Global Investors
Ballantyne Strong and Fundamental Global Investors announced the settlement of FGI’s proxy contest. Key terms of the settlement are as follows: The Board of Directors will be expanded from seven members to nine members; Five of the members of the Board of Directors will come from FGI’s slate of proposed directors: D. Kyle Cerminara, William Gerber, Charles Lanktree, Robert Marino, and Robert Roschman; Four of the members of the Board of Directors will come from incumbent directors of Ballantyne Strong: Samuel Freitag, James Shay, Marc LeBaron, and Gary Cavey; At least two of the incumbent directors will serve on all committees of the Board of Directors for two years; FGI and certain of its affiliates and associates agree not to acquire, in the aggregate, beneficial ownership of more than 20% of the outstanding shares of common stock of Ballantyne Strong for two years; The company will amend its Shareholder Rights Plan to expire within five business days after the date hereof without any consideration being paid to the holders of the rights thereunder.

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