CHICAGO—The shareholders for Bally Total Fitness and Bally executives are preparing for the annual shareholder meeting, which is scheduled for 9 a.m. on Dec. 19 at the Renaissance Chicago O’Hare Hotel in Chicago. The fitness operator recently released an amended proxy statement, which lists all the items up for discussion at the annual meeting. The stockholders will cast their votes to elect one director to serve on the Bally board, ratify KPMG as the company’s independent auditor for fiscal year 2006 and approve the 2007 Omnibus Equity Compensation Plan. For more information, read the 25-page filing with the SEC.