Bally Technologies holders approved us$ 100 million buyback
Shareholders re-elected David Robbins to the company’s Board of Directors for a three-year term; ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for fiscal year 2010; and approved the firm’s 2010 Long-Term Incentive Plan.
In addition, the Board of Directors approved a us$ 100 million stock repurchase plan effective January 1, 2010. This new plan will replace the company’s existing us$ 100 million stock repurchase plan under which Bally has repurchased approximately us$ 66 million of common stock to date.
Commenting on the repurchase program, Bally’s CEO, Richard M. Haddrill, said, “This new stock repurchase plan reflects our strong balance sheet and cash flows, and our confidence in our future prospects.”
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