Ballantyne Strong & Fundamental Global Investors Announce Settlement of Proxy Contest
December 02, 2022
Ballantyne Strong, Inc. (NYSE MKT: BTN) and Fundamental Global Investors (“FGI”) today 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 J. Gerber, Charles T. Lanktree, Robert J. Marino, and Robert J. Roschman.
