UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act OF 1934

 

Date of report (Date of earliest event reported): March 17, 2011

 

BALLY TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Registrant’s telephone number, including area code:  (702) 584-7700

 

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:

 

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))

 

 

 

Item 5.02                                             Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On March 17, 2011, Bally Technologies, Inc. (the “Company”), announced that the Board of Directors expanded the size of the Board from five to seven directors and appointed Mr. W. Andrew McKenna and Ms. Josephine Linden to fill the two newly created vacancies, effective April 1, 2011.  Mr. McKenna and Ms. Linden’s terms will end at the Company’s 2012 and 2013 Annual Meetings of Shareholders, respectively.  Mr. McKenna and Ms. Linden, each an independent director, will serve as members of the Audit Committee.  Mr. McKenna and Ms. Linden will each participate in the Company’s compensation program for non-management directors, which is described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on October 22, 2010 (the “Proxy Statement”).  The description of the compensation program is included under the heading “Director Compensation” and is incorporated herein by reference.  Biographical information regarding Mr. McKenna and Ms. Linden is included in the press release filed herewith as exhibit 99.1 and such information is incorporated herein by reference.

 

The Company also announced that, effective as of March 30, 2011, Mr. Ramesh Srinivasan, Executive Vice President, Systems, will be promoted to serve as the Company’s President and Chief Operating Officer.  Mr. Gavin Isaacs, the Company’s current Chief Operating Officer, will be leaving the Company to become the Chief Executive Officer of ShuffleMaster, Inc.  Mr. Srinivasan’s compensation is described in the Proxy Statement under the heading “Executive Compensation”.

 

Mr. Srinivasan, age 50, joined the Company in March 2005 as Executive Vice President of Bally Systems.  Mr. Srinivasan is currently responsible for the Company’s worldwide Systems business including sales, product management, product development, implementation and professional services and customer support.  From 1998 to 2005, Mr. Srinivasan held several positions including Executive Vice President of Warehouse Management Systems at Manhattan Associates, Inc., a global leader in software solutions to the supply chain industry.

 

Item 9.01               Financial Statements and Exhibits.

 

(d)           Exhibits

 

99.1                           Press Release dated March 17, 2011.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	BALLY TECHNOLOGIES, INC.
	By:	/s/Mark Lerner
		Mark Lerner
		Senior Vice President, General Counsel and Secretary
	Dated: March 18, 2011

 

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