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

 

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

(Registrant’s 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 Ballantyne’s 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.

 

 

BALLANTYNE STRONG, INC.

 

 

 

 

Date: September 10, 2009

By:

/s/ Kevin Herrmann

 

Kevin Herrmann

 

Secretary/Treasurer and

 

Chief Financial Officer

 

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