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):  May 15, 2014

 

Reading International, Inc.
(Exact Name of Registrant as Specified in its Charter)

 

 

Registrant's telephone number, including area code:  (213) 235-2240

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

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:

 

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 5.07. Submission of Matters to a Vote of Security Holders.

 

The Company held its Annual Meeting of Stockholders on May 15, 2014.  The stockholders considered two proposals which are included in its proxy statement on Form DEF 14A filed with the Securities and Exchange Commission on April 25, 2014.  The proposals voted upon and the results of the vote were the following:

 

Proposal 1:  To elect nine directors to our Board of Directors to serve until our 2015 Annual Meeting of Stockholders

 

 

Proposal 2:  To approve a non-binding advisory vote on executive compensation

 

 

Item 8.01. Other Events.

 

Slide Presentation

On May 15, 2014, Reading International, Inc. showed a slide presentation at its Annual Meeting, a copy of which is attached here as Exhibit 99.1.  The same presentation was made available on the Investor Information page of our website, www.readingrdi.com, on May 16, 2014.

Stock Buy-Back Program

 

Reading International, Inc.  announced today that the company's board of directors has authorized management, at its discretion, to spend from time to time up to an aggregate of $10,000,000 to acquire shares of Reading’s Common Stock, a copy of which is attached here as Exhibit 99.2.    

Item 9.01.  Financial Statements and Exhibits. 

99.1Slide presentation at the annual meeting of stockholders

99.2Press release issued by Reading International, Inc. pertaining to its stock buy-back program.

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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 hereunto duly authorized.

 

 

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Reading International Announces Stock Buy-back Program

 

Los Angeles, California, - (BUSINESS WIRE) – May 16, 2014 –  Reading International, Inc. (NASDAQ:RDI) announced today that the company's board of directors has authorized management, at its discretion, to spend from time to time up to an aggregate of $10,000,000  to acquire  shares of Reading’s Common Stock. 

This approved stock repurchase plan will supersede and effectively cancel the existing program that was approved by the board on May 14, 2004 which allowed management to purchase up to 350,000 shares of Reading’s Common Stock. Under this plan 245,675 shares have been repurchased, as of today’s date.

 

The repurchase program will allow Reading to repurchase its shares from time to time in accordance with the requirements of the Securities and Exchange Commission on the open market, in block trades and in privately negotiated transactions, depending on market conditions and other factors.  All purchases are subject to the availability of shares at prices that are acceptable to Reading, and accordingly, no assurances can be given as to the timing or number of shares that may ultimately be acquired pursuant to this authorization.

 

Reading is currently active in the open market buying back its shares.

 

About Reading International, Inc.

Reading International (http://www.readingrdi.com) is in the business of owning and operating cinemas and developing, owning and operating real estate assets.  Our business consists primarily of:

 

Reading manages its worldwide business under various different brands:

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For more information, contact:

Andrzej Matyczynski, Chief Financial Officer

Reading International, Inc.  (213) 235-2240 

 

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