BELLEVUE, Wash., May 23, 2017 /PRNewswire/ -- Bsquare (NASDAQ:
BSQR) today reported two grants under its 2011 Inducement Award
Plan to Noah Kusz, who joined
Bsquare as its Sr. Director of Enterprise IoT Sales effective
May 15, 2017.
The grants, each made May 15,
2017, are an award of 5,000 restricted stock units and an
award of non-qualified stock options to purchase up to 30,000
shares of Bsquare common stock. The option has a 10-year term and
an exercise price of $5.05 per share,
which was the closing price of Bsquare's common stock on the grant
date. The restricted stock units and option each vest annually in
equal installments over four years from the grant date, with the
first vesting date on May 15, 2018,
subject to Mr. Kusz's continued service relationship with
Bsquare.
The grants were approved by the Bsquare Board of Directors on
May 12, 2017, including a majority of
its independent directors. In accordance with NASDAQ Listing Rule
5635(c)(4), the grants were made as an inducement material to Mr.
Kusz's entering into an employment relationship with Bsquare.
About Bsquare
For more than two decades, Bsquare has helped its customers
extract business value from a broad array of physical assets by
making them intelligent, connecting them, and using the data they
generate to optimize business processes. Bsquare DataV software
solutions can be deployed by a wide variety of enterprises to
create business-focused Internet of Things (IoT) systems that more
effectively monitor device data, automate processes, predict events
and produce better business outcomes. Bsquare goes a step further
by coupling its purpose-built DataV software with comprehensive
analytic and engineering services that can help organizations of
all types make IoT a business reality. For more information, visit
www.bsquare.com.
BSQUARE, the BSQUARE Logo and DataV are trademarks of BSQUARE
Corporation in the U.S. and other countries. Other names and brands
herein may be trademarks of others.
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SOURCE Bsquare