AND EXCHANGE COMMISSION
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
of Report (Date of earliest event reported)
name of registrant as specified in its charter)
or other jurisdiction of
Miracle Hills Drive, Suite 300
of principal executive offices)
telephone number including area code)
name or former address, if changed since last report)
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):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
February 28, 2017, the Compensation Committee (the “Committee”) of the Board of Directors of Ballantyne Strong, Inc.
(the “Company”), approved base salaries for 2017, payment of 2016 cash bonuses and grants of stock options and restricted
stock to the Company’s employees, including its executive officers, under the Ballantyne Strong, Inc. 2010 Long-Term Incentive
Plan (the “LTIP”), based on management’s recommendations and the employees’ performance.
new base salaries for the Company’s executive officers are as follows: (i) D. Kyle Cerminara, Chairman and Chief Executive
Officer, $225,000; (ii) Ryan M. Burke, Senior Vice President, Treasurer and Chief Financial Officer, $170,000; (iii) Ray F. Boegner,
President of Cinema, $275,000; and (iv) Stephen L. Schilling, President of Digital Media, $275,000. The Committee also approved
2016 cash bonuses of $35,000 to Mr. Burke and $130,000 to each of Messrs. Boegner and Schilling.
addition, on February 28, 2017, the Committee made the following stock option grants to purchase common shares of the Company
at the exercise price of $6.50 per share under the LTIP: (i) Mr. Cerminara, 60,000; (ii) Mr. Burke, 15,000; (iii) Mr. Boegner,
40,000; and (iv) Mr. Schilling, 40,000. These options have a ten-year term and will become exercisable in one-fifth annual installments,
beginning on the first anniversary of the grant date. The options are subject to the terms and conditions of their respective
Stock Option Agreements, a form of which has been previously filed with the Securities and Exchange Commission (the “SEC”).
Cerminara also received 60,000 restricted shares of the Company’s common stock, and Messrs. Boegner and Schilling each received
10,000 restricted shares of the Company’s common stock, in each case pursuant to the LTIP and the terms and conditions of
the respective Restricted Stock Agreements, a form of which has been previously filed with the SEC. These shares will vest in
one-third annual installments, beginning on the first anniversary of the grant date, subject to continued employment.
descriptions of equity awards in this Current Report are summaries only, do not purport to be complete, and are qualified in their
entirety to the full text of respective agreements, forms of which have been previously filed with the SEC.
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.|
March 3, 2017
Ryan M. Burke|