Blockbuster reschedules annual meeting

DALLAS Blockbuster has rescheduled it annual meeting to June 24 in the hopes of resolving some of its finance issues, the company announced.

"As a result of the continued progress on our recapitalization initiatives, we have rescheduled the annual stockholders' meeting," stated Tom Casey, EVP and CFO of Blockbuster.  "We believe the additional time will provide us with the greatest opportunity to successfully complete one or more of our ongoing recapitalization initiatives prior to the annual meeting, possibly resolving our NYSE non-compliance and avoiding the need for a reverse stock split."