Bally Technologies has announced the results of its annual shareholders' meeting held on December 2.
The board of directors approved a $100m stock repurchase plan effective January 1, 2010. This new plan will replace the company’s existing $100m stock repurchase plan under which Bally has repurchased approximately $66m of common stock to date.
Commenting on the repurchase programme, Bally’s chief executive officer, Richard M Haddrill, said: “This new stock repurchase plan reflects our strong balance sheet and cash flows and our confidence in our future prospects.”
In addition, shareholders re-elected David Robbins to the company’s board of directors for a three-year term; ratified the appointment of Deloitte & Touche as the company’s independent registered public accounting firm for fiscal year 2010; and approved the company’s 2010 Long-Term Incentive Plan.
