Dec 20, 2006 2:43 PM
Bally Stockholders Re-Elect Kornstein
CHICAGO -- Bally Total Fitness shareholders supported all three of the board of directors' recommendations at the annual meeting Dec. 19 at the Renaissance Hotel in Chicago. The shareholders voted to re-elect Don Kornstein (pictured above), the current chairman, for a three-year term as a Class I director, approve the equity compensation plan and ratify the appointment of KPMG LLG as the independent auditor. If the shareholders did not approve the equity compensation plan, the board would not have been able to grant equity-based awards to employees and non-employee directors. For more information, view the statement or read our news story in the January 2007 issue of Club Industry's Fitness Business Pro.
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