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Ballantyne Strong Announces Stock Option GrantsBallantyne 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 inducemen 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)
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